Our Favorite Financial Hacks
Four budget hacks you need to try.
Keep a Freedom Fund
A savings account for expenses you know are going to happen, eventually. Things like car repairs, home repairs, property taxes, or other annual expenses tend to sneak up on us when we least expect them. *This is not to be confused with a “F**k You Fund” which is the amount of money you need (about 6 months of your salary) to say F*** You to your current employer.
Get Rewarded for Spending
If you aren’t using a cash back credit card, you are leaving money on the table. The secret to success in using a cash back card is to make sure you pay your balance in full every month and select a card that offers the best cash back options for your spending with the least amount of fee.s
Name Your Savings Account
In order to prevent yourself from the temptation of pulling money out of your savings account, name it something exciting! You will be much less likely to tap into your “Barcelona Adventure” account for smaller purchases and it will be more exciting to save for something specific versus a generic Savings1 account.
Automate Your Savings
Automate as much as you can when it comes to savings towards your goals. Retirement withdrawals, savings into your Freedom Fund and your Savings Accounts can all be set up to automate so you never miss the money you didn’t see in the first place.
