Savings | How To Save Money To Do More

How To Calculate Savings Rate | Scenario Analysis

June 1, 2020June 29, 2020 by carreirafinance

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.

Top 7 Ways | How To Get Cash For Visa Gift Card

June 1, 2020June 1, 2020 by carreirafinance

How To Get Cash For Visa Gift Card To Invest - Carreira Finance Coaching

You might have received a Visa gift card from a friend or family member, and now you’re wondering what to do with it. In this article, you will learn how to get cash for your Visa gift card or how to get the most out of it.

They are many ways to exchange your Visa gift card into cash. However, even if most of them aren’t free, you have the power to decide whether to get more money or get it as quickly as possible.

Top 21 Ways To Save Money On Utilities

May 15, 2020May 15, 2020 by carreirafinance

The most important rule is to not spend more money than what you receive as your income. A great exercise is to look into your monthly expenses. Most people focus on nonessential expenses during this exercise, but you can save a lot of money on utilities. The most common utilities are electricity, water, and gas. … Read more Top 21 Ways To Save Money On Utilities

How To Prepare For The Next Recession

May 11, 2020April 10, 2020 by carreirafinance

Things we can’t predict are hard to visualize. Yet, financial recessions are inevitable. So how to prepare for the next recession and why should we think about it now?

A recession can cause permanent financial damage for people who are living paycheck to paycheck. Millions of Americans have suffered and are still recovering from the Great Recession.

49 Financial Quotes To Read When Feeling Down

June 1, 2020March 18, 2020 by carreirafinance

I personally like to read financial quotes to get inspired, take a step back, and check if I’m still heading in the right direction.

The key to your financial journey success is to find a way to keep your motivation over time. It won’t be easy every day going through ups and downs.

What Does An Interest Rate Cut Mean For You

May 11, 2020March 4, 2020 by carreirafinance

We’ve all heard about the Federal Reserve announcing an interest rate cut. But we might not know what it means for our finances.

In this article, we go over how an interest rate cut can affect our daily lives. And how we can take advantage of interest rates to save money faster.

5 Valentine’s Day Tips To Save Money This Year

May 11, 2020February 5, 2020 by carreirafinance

This article is about the best 5 Valentine’s Day tips that you can use to reinforce your relationships and save money at the same time.

According to the National Retail Federation, Americans are expecting to spend $20 Billion this year during Valentine’s Day with an average of $161.96 per person.

Top 13 Financial New Year’s Resolutions

May 14, 2020January 4, 2020 by carreirafinance

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.

Financial Recovery After Christmas

June 1, 2020December 28, 2019 by carreirafinance

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.

9 Best Ways To Save On Christmas This Year

May 11, 2020December 4, 2019 by carreirafinance

Don’t forget that Christmas is all about family and sharing a great moment with them. That is why, you don’t have to take on more debt for this to happen. You can even do few things to save on Christmas.

Top 5 Black Friday vs Cyber Monday Differences

May 24, 2020November 27, 2019 by carreirafinance

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.

Worst 11 Bank Fees And How To Avoid Them

May 14, 2020November 13, 2019 by carreirafinance

11 bank fees and how to avoid them starting today - Carreira Finance Coaching

Learn about our 11 best ways to avoid bank fees, so you never pay another dime for a free service!

Banks make a lot of money charging fees that range from $1 to $35 to their clients. Even if they don’t seem expensive individually, accumulating them will affect your savings in the long run.

The Simple Emergency Fund Savings Guide

May 20, 2020November 6, 2019 by carreirafinance

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.

19 Ways | How To Save Money For Young Adults

May 24, 2020October 23, 2019 by carreirafinance

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.