After all our bills are paid, we have an extra $2,000 per month to work with. We came up with a savings solution; our fast track to financial freedom:
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A few days ago I began a series that will try to outline the basics of investing. I want to be clear that my goal is not to try to pen a guide to “beating the street” or getting rich quick (I’m fairly certain this is not even possible at this point).
Don't make the unholy mistake of shortchanging your retirement savings. Here are a few surefire ways increase your retirement savings.
Should some families have a larger emergency fund than others? What is the right amount for your family to set aside in an emergency fund?
Would you rather live it up now with some of your income and earnings, or work on saving more now to enjoy having more money later in retirement?
If your are looking for a way to boost your yield, you can consider using certificates of deposit. CDs can offer higher yields than savings accounts in some cases, helping your money grow. However, you have to be careful, since CDs have characteristics that can make them difficult to use as emergency funds.