Budget Guide | Take Your Finances To The Next Level

Budget Guide - Next Level - Carreira Finance Coaching

By now, we all heard about budgeting, but little do people know how to use it to make a difference in their finances. Keep reading this budget guide to take your finances to the next level.

study from U.S. Bank reveals that only 41% of Americans follow a budget. It means that 59% either have a budget but don’t follow it or don’t even have one.

Read moreBudget Guide | Take Your Finances To The Next Level

How To Calculate Savings Rate | Scenario Analysis

How To Calculate Savings Rate - Carreira Finance Coaching

Knowing how to calculate your savings rate is one of the first steps in your journey to financial freedom. More and more millennials want to achieve financial freedom because they don’t see themselves working their entire life until retiring.

The formula to calculate your savings rate is straight forward. Savings / Income = Savings Rate Percentage. In other words, it is equal to your savings divided by your income.

However, defining savings and income is more complicated than what most people anticipate. There are a few nuances that can lead you to create a false savings rate calculator.

Read moreHow To Calculate Savings Rate | Scenario Analysis

Top 13 Financial New Year’s Resolutions

The 13 Financial New Year's Resolutions - Carreira Finance - Financial Coach

The two most common resolutions for the New Year are starting a diet or going to the gym.

In the U.S., out of all Americans that plan to have a resolutions list, only 27% of them plan to improve their finances. When we know that 78% of Americans are living paycheck to paycheck, it can be scary to see so many people that won’t plan to do anything about their finances.

Read moreTop 13 Financial New Year’s Resolutions

Financial Recovery After Christmas

Christmas Financial Recovery - What You Can Do Now - Carreira Finance - Financial Coach

Christmas shopping can get out of control very quickly. Sometimes things don’t go as planned, or you don’t have the luxury of time.

So you end up making decisions on the fly that have a direct impact on your finances. Thus, if this is a good summary of your Christmas this year, now it is time to come up with your financial recovery plan.

Read moreFinancial Recovery After Christmas

Christmas Budget | 7 Tips To Not Stretch Yours

7 Best Tips To Not Stretch Your Christmas Budget - Carreira Finance Coaching

Christmas can be stressful emotionally and financially. First, you need to find gift ideas for your friends and family. Then, you need to find the money to pay for those gifts. And finally, you need to achieve all that without stretching your Christmas budget.

According to Gallup, Americans are expecting to spend an average of $942 on Christmas gifts this year. As a result, they will most likely take on credit card debt to pay for those gifts.

Read moreChristmas Budget | 7 Tips To Not Stretch Yours

Top 5 Black Friday vs Cyber Monday Differences

The Top 5 Differences Between Black Friday vs Cyber Monday - Carreira Finance

The best shopping days of the year, Black Friday vs Cyber Monday. If you are looking for massive sales and great deals, don’t look any further. Black Friday always comes a day after Thanksgiving, and Cyber Monday three days after Black Friday.

Retailers are making more money on Cyber Monday than on Black Friday. In 2018, Cyber Monday generated $7.9 billion in online sales compared to $6.2 billion for Black Friday.

Read moreTop 5 Black Friday vs Cyber Monday Differences

The Simple Emergency Fund Savings Guide

Your Quick Emergency Fund Guide Financial Coaching Carreira Finance

What Is An Emergency Fund?

An emergency fund is money that you put aside to cover unexpected expenses. It is one of the best financial safety nets someone can have. However, you need to be careful where you keep your emergency fund savings.

You don’t want to act irrationally when those events arise. And you’ll need to access your emergency cash reserve as soon as an unexpected expense comes your way. That is why you need to have a plan.

Read moreThe Simple Emergency Fund Savings Guide

19 Ways | How To Save Money For Young Adults

19 Best Ways To Save Your Money Right Now Financial Coach Carreira Finance

Deep down, we know we should save money regularly. But we don’t necessarily know how to save money or where to start.

Per CareerBuilder, the majority of Americans are living paycheck to paycheck. Meaning that most people can’t afford a small unexpected expense. That’s when things can get tough, and paying monthly expenses can become challenging.

Read more19 Ways | How To Save Money For Young Adults