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Hey Amanda, Good advice. I have always brown bagged my lunch and coffee if they charge for it at work. And coffee at Starbucks/Dunkin is very rare. It adds up. In tip 4, if you are budgeting for travel and house upkeep, I normally consider that as part of my monthly budget, amortizing the expected cost over each month for the year. Same with car upkeep, pet care, etc.
I read an article in Kiplinger this month that explained that the 3-6 month liquidity rule may not be enough as many lost jobs longer during the pandemic. And, that rule only applies if you have a working spouse. I started with 3-6 months and built that up over time to 9 - 12 months.
Just food for thought.
I hope you are well and wish you a Merry Christmas and a Happy and Healthy 2021!
Hey Amanda, Good advice. I have always brown bagged my lunch and coffee if they charge for it at work. And coffee at Starbucks/Dunkin is very rare. It adds up. In tip 4, if you are budgeting for travel and house upkeep, I normally consider that as part of my monthly budget, amortizing the expected cost over each month for the year. Same with car upkeep, pet care, etc.
I read an article in Kiplinger this month that explained that the 3-6 month liquidity rule may not be enough as many lost jobs longer during the pandemic. And, that rule only applies if you have a working spouse. I started with 3-6 months and built that up over time to 9 - 12 months.
Just food for thought.
I hope you are well and wish you a Merry Christmas and a Happy and Healthy 2021!