Why You Need An Emergency Fund

Why you need an emergency fund

75% of Americans live paycheck to paycheck.

Are you living paycheck to paycheck? According to the statement above, 7 in every 10 houses in your neighborhood is one emergency away from a crisis. That’s a huge deal! Many families are torn apart because of financial troubles and I refuse to allow that you happen to you! That’s why you need an emergency fund.

Q: What is an emergency fund?

A: An emergency fund is money that can be accessed quickly in case of an emergency.

Before we continue, take a look at the following statistics for Americans:

  • 71% do not have enough money on hand to cover 6 month’s living expenses.
  • 46% do not pay their bills on time.
  • 48% spend as much as they make or more each month.
  • 12% do not contribute monthly to a savings account or any type of retirement account.
  • 11% have credit card debt in excess of $5,000.
  • 12% have student loan debt in excess of $20,000.
  • The average American doesn’t have more than $400 in savings. [1]

If the average American doesn’t have more than $400 in savings and 75% are living paycheck to paycheck, what happens when an emergency happens? Consider the following scenarios: Read more

7 Spending Habits That Will Keep You Poor And Kill Your Dreams

Spending habits that will keep you poor and kill your dreams

Have you ever had to go without a necessity? Maybe it was food, water, or utilities. No matter which kind of suffering you’ve endured, they’re all not fun and can leave us traumatized.

I grew up poor and had no insight that there was any other kind of life. I thought that was just how things were and life was a constant struggle. There was no one to teach me about finances and I was destined for failure.

However, I ended up crossing paths with an amazing money book that completely changed my life! I learned that life is what we make it and not merely what happens to us. By learning which habits were stealing my dreams, I quickly cut them out! I wasn’t going to allow anything to get in my way of success!

Here are 7 spending habits that will keep you poor and steal your dreams.

Alcohol And Cigarettes

Addictive substances, like alcohol and cigarettes, are extremely dangerous because they cause us to do irrational things. When we ‘just need to smoke’, we can end up spending our last few dollars on cigarettes.

Recently, my husband and I went to a convenience store near our local laundromat. The door had a sign that said $8.68 for a pack of cigarettes. My jaw completely dropped. I cannot believe that people are paying these ludacris prices for something that is killing them!

I think we all know cigarettes are expensive, but what about alcohol? People can get whole cans for a dollar. Surely, something like that isn’t stealing their wealth. Think again! People become reliable on these type of substances which causes them to buy more and more.

I once lived in a very bad neighborhood and the neighbor was an alcoholic. He would get up before nine and begin walking to the liquor store. He was unemployed so he would drink all day. Then, he and his wife would argue almost every night about money and his drinking. It was an extremely toxic relationship and I’m happy to be out of that part of town! Read more

Ultimate Guide For Shopping At Walmart From An Associate

Walmart has always been one of my favorite stores to shop at. Did you know there are 5,358 different Walmart locations in the world? [1] So many people choose Walmart because they have such low prices (even lower than Dollar Tree’s). It’s one of those places that carries pretty much everything you need so you only have to make one stop before going back home. I wrote this guide to help anyone who finds themselves regularly shopping at Walmart.

When I got to the phone call that they wanted to interview me, I was completely stoked! Working at Walmart has been wonderful and I’ve gotten some great deals because of it. I’ve learned many tips for shopping by being an associate and I’m so excited to share them with you!

Download The Walmart App

I can’t go into this list of tips without mentioning the Walmart App. I will never shop without the Walmart App again! There are so many useful functions on it. I’m always surprised when I tell a customer about it and they refuse to give it a try. Because of this, I’m going to explain the awesome tools you can find on it.

Aisle Location

You must allow Walmart to access your location to use this function. When you’re at the store, open the Walmart App and the top will turn yellow and say, “Store Assistant.” From here, you can type in the item you’re looking for in the search bar and it will tell you which aisle to find your product.

Also, it will be a quick solution if you’re not sure if Walmart even has what you’re looking for. If it doesn’t pull up under the ‘in your store’ tab, but pulls up under ‘Walmart.com’, then your store does not have that item. Read more

Stocking Stuffers Under $5

Stocking Stuffers Under $5

Stocking Stuffers Under $5

Although I love the idea of stuffing stockings for my family members, I feel like it’s too expensive to do. However, I’ve found a bunch of cheap items that actually make this possible for me. I decided to share my findings with you. I hope you enjoy this list of stocking stuffers that are priced for under $5.

(This post may contain affiliate links. If you make a purchase through one of my links, I’ll receive commission at no extra cost to you. Thank you so much! Read our full disclaimer here.)

Kids

 

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What Is A Budget?

What is a budget featured photo

Growing up, I had no one to teach me how to succeed at finances. I learned how to win with money after I already had a family to feed. A budget was not in my vocabulary nor did I ever hear anyone around me speaking about one.

My family never had any sort of savings. I had no idea what a budget was and how empowering it can be to have one set in place. I’ll be the first in my family to save money, get out of debt, invest money, and become financially free. I’m not there yet, but it all starts in one place: the budget.

(This post may contain affiliate links. If you make a purchase through one of my links, I’ll receive commission at no extra cost to you. Thank you so much! Read our full disclaimer here.)

My husband was spectacle at first, but now he loves having a budget set in place. We know all our bills are covered and we have money to spend on ourselves. I feel at peace in our financial life and we agree on every decision together.

What Is A Budget?

written budget

A budget is a written plan that describes what you’re going to spend your money on. If you don’t have a plan, dollars will fly out of your hand into the hands of someone who does have a plan. Winning with money doesn’t happen by accident. This is one of those things that you’re going to have to be intentional about if you want to succeed. Read more

Completely Free Things To Do When You’re Bored

Completely Free Things To Do When You Are Bored Featured Photo

Free Things To Do For Fun

The world is filled with so many awesome things to do, we should never be bored. However, when funds are low, it takes creativity to find fun things to do that don’t cost much. All the things on this list are completely free things to do when you’re bored. Not everyone has money to eat out every day or buy craft materials. Living on a budget can be challenging, but it’s doable (and so worth it).

(This post may contain affiliate links. If you make a purchase through one of my links, I’ll receive commission at no extra cost to you. Thank you so much! Read our full disclaimer here.)

By Yourself

1.  Learn a new hobby.

What an awesome way to expand your knowledge and skills! Some people always wanted to learn how to dance, sing, crochet, scrapbook, coupon, etc. Why not take the time and learn it? If you don’t like the hobby, you can at least say you’ve tried it.

2. Go to a community sports game.

There are football, softball, soccer, and baseball games every year. You never know which one of those kids may grow up to be a professional player.

3. Join (or host) a book club. Read more

5 Ways To Save Money On Your Electric Bill Right Now

Ways To Save On Your Electric Bill

5 Ways To Save Money On Your Electric Bill Right Now

In modern America, the cost of living can be very high depending on where you live. I want to help you save money in every way possible. This includes your electric bill. With a large family, it’s extremely easy to be shocked when you open your electric bill. That letter can cause dread and stress in some people. Fortunately, there are some ways to lower your monthly bill so you can spend your money on things that really matter.

(This post may contain affiliate links. If you make a purchase through one of my links, I’ll receive a commission at no extra cost to you. Thank you so much! Read our full disclaimer here.)

1. Turn Off Your Extension Cords When They’re Not In Use

Whenever something is plugged in, it keeps eating electricity until the flow is stopped. The good news is most extension cords have a button that you can easily switch on or off. This is the most simple way. However, if it doesn’t have the switch you can always just unplug them from the wall. This is good because most of the time we have a bunch of stuff plugged in at once resulting in more electricity being eaten. Cut that flow off and save your money!

2. Unplug Everything!

Except for your fridge. You don’t want to do that. I thought I would add this in here because it doesn’t just apply to extension cords. Everything eats electric when plugged in. Don’t believe me? Is your TV off? If it is, look at it. See that red light? That’s the standby light. That light is on to tell you that the TV is off. Pretty ridiculous right? Your TV eats electricity when it’s off just to tell you that it’s off. LAME!

plug no electric

 

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