Making a monthly budget isn’t always easy. Sure, you’re aware of the big-ticket items like your rent and utilities, but what about the little things? The daily spending that’s easy to forget about, but that adds up quick? In retirement, it’s more important than ever to keep an eye on that. Here are some tips on how to do so.
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Keep an emergency fund on hand in case you run into unexpected expenses. An emergency fund should be liquid — in an account that isn’t at risk of significant fluctuation like the stock market. The tradeoff is that the value of liquid cash can be eroded by inflation. But a high-interest account allows you to earn compound interest. Compare savings accounts from these banks.
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