Personal Finance Buzz

Unexpected fees are part and parcel of the travel experience. There are some instances however, where you are able to control the costs that others typically dish out for. Here are several areas where you may be able to forego certain expenses.

A cash-back rewards card will reward you for money you are spending already. It’s extra savings on top of steps to cut your bill on day-to-day expenses.

Most people think about financial freedom, or retirement, as a point in time when they can fully cover their living expenses with some sort of passive income. This usually involves saving a significant amount of money so that a small percentage could be safely withdrawn to cover living expenses each year. To many people, this seems impossible and out of reach. However, have you considered taking baby steps and retiring just one expense at a time?

In Part 1 we discussed having a good defensive game plan for your finances to watch out for expenses and unexpected threats to your financial stability. To recap, I discussed budgeting for contingencies, holding regular family meetings about finances, devoting time each day to review your spending, talking to creditors and using % guidelines for planning and to help control spending.