What are sinking funds and why do we need them?

What are sinking funds and why do we need them?

You’ve probably heard the phrase ‘sink or swim’ used in various contexts, but what does it mean when it comes to personal finance? The truth is that there are so many ways to save money – but most of these methods are short term. We hear a lot about ‘saving for...
Crafty Ways to Stick To Your Budget this Holiday Season

Crafty Ways to Stick To Your Budget this Holiday Season

If there’s anything the past 18 months have taught us, it’s that it’s always important to keep an eye on your budget because you never know when the next disaster may hit us. When it does, you’ll want that rainy day fund handy – not depleted because of unplanned...