Remove Cost Remove Credit Card Remove Retirement Remove Travel
article thumbnail

The Biggest Financial Mistakes to Avoid in Your 20s

Success

Not to mention, low wages, staggering student debt and compounding credit card debt. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. Soaring food prices: grocery prices have increased by 25% over the past four years.

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. How much should an emergency fund be?

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Veteran of the Digital Nomad Community Offers Her Best Tips for the Location-Independent Lifestyle

Success

I had the chance to travel the world while working , which I didn’t realize was possible. One thing about travel is the longer you travel, the more places you want to go. How I choose my accommodations largely depends on the type of travel. Is it important for digital nomads to have a home base when planning to travel?

Lifestyle 264
article thumbnail

7 Money Mistakes You’re Making in Your 20s

Success

Not considering how many hours (not dollars) something costs. That means the coat will cost you 20 hours (or half of a workweek) to buy. The $40 shirt is a better investment because it costs $.80 Paying credit card interest or fees. Paying credit card interest or fees.

article thumbnail

The Biggest Financial Mistakes to Avoid in Your 20s

Success

Not to mention, low wages, staggering student debt and compounding credit card debt. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. Soaring food prices: grocery prices have increased by 25% over the past four years.

article thumbnail

5 Smart Money Hacks to Help You Budget for the Holidays

Success

Although you have until Tax Day to contribute to a Roth IRA (if you’re able to), this is the time of year that I usually reach out to my employer’s benefits department about increasing any contributions to company-sponsored retirement plans. Initially, throwing a party might not seem like a cost-saving measure. Increase your income.

Budget 328
article thumbnail

How to Find Your Money ‘Why’

Success

How many bath bombs have been purchased on credit cards in the name of self-care? As you spend time reflecting on your values , start listing low-cost and free ways of sustaining them. Or, if that’s too much, imagine the speech a colleague might give upon your retirement. Pink things for breast cancer awareness?