Saving Archives | Savvy Family Finance

Wanting to save money for a house, car, retirement, or a vacation? Find out how to plan your savings so your family can enjoy life without worrying about the future.

Should You Invest Your Emergency Fund or Not?

Have you noticed interest rates are still pretty low? I mean, sure, rates are higher than they were a couple years ago, but you won’t get rich anytime soon by letting your money sit in a savings account. This all means that an emergency fund sitting in a savings account is pretty much doing just …

Sinking Funds: What They Are and How to Use Them

What would you do if your car broke down? You still have to get to work but the car needs to be fixed. Do you pay for the repairs with your emergency fund? Do you use your credit card and hope there's enough money to cover the bill when that is due? Or do you already have savings set aside …

Why You Need Multiple Savings Accounts

Inside: Learn how to build a better budget and successfully save by using multiple savings accounts. Have you ever tried saving money for something big, setting up saving goals? Maybe you want to pay cash for a car, go on a nice vacation, or save for the downpayment on a house. Those things …

7 Surprising Facts About 529 Savings Plans

Inside: If you know that a 529 plan is a college savings account, you already know more than many people. Here, you’ll learn 7 surprising facts about 529 savings plans that people often aren’t aware of. A 529 college savings plan is a great way to save for your child’s college expenses. …

Why You Need to Save for Retirement Now

Inside: Well over a third of Americans will retire broke. Find out why and how you can get ahead of the game and amp up your retirement savings. If you have anything saved for retirement, you are ahead of the game. Really. While browsing various retirement articles, facts, and figures …

Delay That Purchase: How Procrastination Saves You Money

Inside: If impulse buys are draining your wallet, then learn to embrace your inner lazy person see how procrastination saves you money. When we moved into our house, the previous owners left their 15-year-old washer and dryer. The washer broke down after a month and we replaced it. And as …

How to Prepare Financially for a Layoff Before It Happens

Inside: Find out how to ready your finances to prepare for a layoff. It’s hard to describe. It’s the smell or feeling of tension in the air. You might pick up on it before others but the signs are there. You may notice your manager not seeking your input, assigning fewer tasks, or …

Too Busy to Worry About Saving for Retirement? Let a “Good Enough” Mindset Get You Started.

Inside: If "too busy" is your excuse for not getting a start on saving for retirement, find out how a little change in mindset can get you over the initial hurdle. Life is hectic. Between kids and work and stuff that needs to get done around the house and that Zumba class and everything else, you …

The $900 12-Week Holiday Savings Challenge

Inside: Here is a money savings challenge that will help prepare you for holiday expenses so you can rest easy. Imagine the holidays full of gifts, food, and fun. Who wouldn’t want that? Does that scene play out in your family, followed by months of paying for it as the bills roll in after the …