Tag: savings
Endowment Fund: What is it?
An endowment fund is a portfolio for a nonprofit, the money that is derived from doantions. The portfolio should become self sufficient and help support the charitable activites. What is An Endowment? A gift to nonprofit for certian purpose. Who Contributes? The people that contribute can range from old students to church vistors to anyone.…
Save Money: Top 3 Ways
Learning to use creative ways to save money will help yourself to increase savings and investments for your future. There are multiple ways to reach goals for investments and savings from imaginary bills, side work, and taking advantage of employee match programs. Imaginary bills An example would be if your rent is $1,500 now, but…
Living Below Your Means
Living below your means is to spend less money than you make. How could it help? Learning to live below your means before retirement is a smart choice to be able to save more. Give yourself more flexibility later in life, learning is not all about now in the same moment it’s not all about…
Zero-Based Budgeting
Zero-based budgeting is income minus expenses will equal zero monthly. Tracking your expenses weekly or monthly are good options to keep a consistent personal budget. Start by gathering all your credit card statements and bank accounts to track expenses. Review multiple statements, looking for your bills and when they are due. Understanding each statement and…
50%-30%-20% Rule
The 50%-30%-20% rule is a tool to help one budget their overall financial life by using the after-tax income. 50% should go to needs this include rent or mortgage, groceries, and utilities. 30% should go to your wants, going out to dinner or events, new clothes, Television, ect.. The last 20% should be saved putting…
