![]() Moving forward, settle on a realistic savings percentage that you can set aside from every paycheck before covering any other expenses. It won’t get you all the way to your emergency fund goals, of course. If you don’t have high-interest debts or need the funds for more urgent expenses, padding your emergency fund is an excellent use of your stimulus check. This year does offer a leg up, thanks to the second round of coronavirus stimulus checks that went out in January. Setting aside tens of thousands of dollars in cash takes time, especially if you’re currently living paycheck to paycheck or close to it. The ideal emergency savings fund is even bigger: enough to cover six months’ expenses for those with predictable and stable income, and nine to twelve months’ expenses for people with irregular incomes. Your emergency savings fund should be sufficient to cover at least three months’ expenses in the event of an unexpected financial setback that significantly reduces your income. More than 350 Found Money partners ensure you don’t have to look far for an opportunity. The second is Found Money, a rewards program that delivers bonus investments to your Acorns Invest account whenever you make a qualifying purchase with a partner merchant. Every purchase is another opportunity to grow your investment portfolio. Round Up Investments automatically rounds up the change on every qualifying transaction in your linked checking account and transfers the difference to your Acorns Invest account. But the real value here lies in two features designed to boost your contributions without disrupting your budget. With Acorns Invest, you can transfer funds from your linked bank account at any time to invest in a diversified portfolio of low-cost ETFs at any time. The natural choice is Acorns Invest, a micro-investing suite available for just $1 per month through Acorns’ base Lite plan. Your first move: opening a low-cost taxable brokerage account that makes it easy to invest small chunks of change - literally, pennies on the dollar - every time you swipe your debit card. Make 2022 the year you start investing for your future. Automate Your Investment Account Contributions Then, lay the groundwork for a more prosperous future - this year and beyond - by setting ambitious savings goals, optimizing your payroll withholdings and contributions, and taking advantage of more opportunities to grow your wealth. Start it off on the right foot by automating your savings and investment account contributions using a low-cost money management app like Acorns. We have every reason to expect an eventful year. Read on for a list of the top money moves you must make this year. Others, such as filing your tax return early or spending down your expiring flexible spending account funds, need to happen every year (or more frequently). Some of the suggestions on this list are “one and done” maneuvers like applying for life insurance or opening a low-cost investment account and automating your contributions. ![]() This only reinforces the importance of making sensible money moves in 2022. ![]() A complete return to normalcy remains some time off. The coronavirus pandemic made a mockery of consumers’ and business owners’ plans for 20, and while the end of the acute phase of the pandemic is now in sight, uncertainty still reigns. It’s a new year, which means it’s the perfect time to take stock of your personal finances and begin planning your money moves for the 12 months to come.
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