article thumbnail

Everything You Need to Know About Emergency Funds

Success

If you’ve ever had to pull out a credit card to deal with a dentist or emergency vet bill, you likely know the pain of wondering how you’ll pay for an unexpected expense. To help you get started, focus on saving six weeks of your monthly costs to help you cover most minor emergencies.

article thumbnail

How to Create a Budget: 6 Steps to Get You on the Path to Financial Security

Success

The cost of building a life isn’t. We all know expenses exist, but the numbers keep adding up—rent, water, trash, electricity, cable, Internet, car insurance, renter’s insurance, gas, cell phone. It all feels a bit much. Categories are not limited—they should be customized to your own spending habits and responsibilities.

Budget 278
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Avoid Using “Buy Now, Pay Later” By Planning Ahead

Success

But while it can be a convenient way to make purchases and get the things you need without using a credit card, it can also become a financial headache if you aren’t careful. Falling behind on payments can mean late fees and possibly even a dip in your credit score if the problem isn’t fixed quickly.

article thumbnail

Have a Strategic Plan So You Can Cash Out On Your Terms

Success

How old you are, any children you have and how old they are, and if you have credit card debt, student loans or medical debt, as well as costs for insurance, utilities and food should all factor into your list and will determine how much you need to spend each month.

article thumbnail

How to Save Money on Your Car Insurance

Success

A deductible is the portion of the repair or medical bills you are responsible for paying if you are found at fault in an accident. Once you pay this amount, the insurance company covers the rest of the costs up to the policy limits. If you find errors, contact the credit bureau to start a dispute and work with them to resolve it.

Policies 142
article thumbnail

4 Smart Money Moves to Plan for Financial Security

Success

A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons. That’s because when we delay organizing our finances, it causes us to delay a lot of other things, too.

article thumbnail

Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

Besides that, your confidential medical records will let you know if any team members have disabilities that you need to consider when planning and assigning tasks. These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must.

Filing 52