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October 9, 2024
By
The Admiral Staff
Amidst feelings of anxiety and uncertainty, the article suggests five constructive financial steps to take from home. These include securing life insurance (potentially up to $1.5 million starting at $20/month), starting an investment portfolio with as little as $1, establishing an emergency fund (potentially boosted by stimulus checks), reducing car insurance costs, and exploring ways to earn extra income from home, such as virtual bookkeeping or completing online surveys.
September 28, 2024
By
The Admiral Staff
Amidst economic uncertainty and fluctuating financial landscapes, experts recommend prioritizing cash reserves and flexibility. Key strategies include holding onto cash rather than aggressively paying down debt, building an emergency fund (even a small one), seeking additional income sources, and utilizing lender relief programs only when truly necessary. Adapting to changing circumstances with flexible budgeting and reflecting on spending habits are also crucial for navigating financial instability and establishing long-term goals.
July 24, 2024
By
The Admiral Staff
The pandemic prompted financial experts to re-evaluate the traditional advice of having three to six months of living expenses in an emergency fund, with some now recommending 12 months. While a larger emergency fund offers greater financial security, it may not be feasible for everyone, particularly those with debt or limited savings. The article outlines how to calculate a 12-month goal based on essential expenses, prioritize savings within a budget, and explore additional income streams to achieve this goal, emphasizing the importance of consistency
March 21, 2024
By
The Admiral Staff
Many people create budgets but still struggle to meet their financial goals. Common mistakes include creating budgets that are too strict, budgeting for a lifestyle they can’t afford, lacking a clear purpose for budgeting, forgetting about irregular expenses, and not having a financial cushion. The article suggests building wiggle room into budgets, starting with income and expenses rather than desired spending, setting goals to motivate budgeting, planning for infrequent costs by saving small amounts regularly, and including a buffer for unexpected expenses.
March 5, 2024
By
The Admiral Staff
Many Americans struggle to cover unexpected expenses, with only 41% having savings to do so. The article suggests building an emergency fund and offers four practical ways to do so: cut car insurance costs using EverQuote (potentially saving $610/year), earn up to $225/month watching movie previews with InboxDollars, consolidate credit card debt with a low-interest loan through AmOne, and explore side gigs to increase income.
