Financial Fitness Task 27: Start and Continue to Build Your Savings #30DaysofGOOD

Before the month ends, lets make sure our savings accounts are in order.

Things are easier said than done, or so the old adage goes, and we couldn't agree more. That's why we do The GOOD 30-Day Challenge (#30DaysofGOOD), a monthly attempt to live better. Our challenge for January? Financial fitness.

Build your savings.

One thing we haven't touched on yet is the need to save. The decisions we make with our money shouldn't be solely based on current income and expenses. It's important to forecast future earnings and anticipate future expenses and how they may change. As such, it's imperative that we start preparing as best we can now. It's a good idea to have an emergency fund with 4 to 6 months worth of living expenses, should you suddenly find yourself without employment. If you're already there (and don't get discouraged if you're not; many of us aren't!) simply continue to put away little-by-little each month. This is particularly important if you're living paycheck to paycheck. If you automatically send funds to a savings account, you won't be able to spend them, and chances are you won't miss that $10-$20 a month. That will allow you to indulge in big-ticket luxury items when the time is right, or invest in a car or house. Beyond that, saving for retirement is extremely important, and you will probably earn tax benefits from doing it. Remember, you can't make enough and you can't save enough. Start today.

Come back tomorrow for the next task in our financial fitness challenge.

Vote here on your favorite financial fitness project. The submission with the most votes will win $500.

Photo via (cc) Flickr user 401K
via Barry Schapiro / Twitter

The phrase "stay in your lane" is usually lobbed at celebrities who talk about politics on Twitter by people who disagree with them. People in the sports world will often get a "stick to sports" when they try to have an opinion that lies outside of the field of play.

Keep Reading

The Free the Nipple movement is trying to remove the stigma on women's breasts by making it culturally acceptable and legal for women to go topless in public. But it turns out, Free the Nipple might be fighting on the wrong front and should be focusing on freeing the nipple in a place you'd never expect. Your own home.

A woman in Utah is facing criminal charges for not wearing a shirt in her house, with prosecutors arguing that women's chests are culturally considered lewd.

Keep Reading

In August, the Recording Academy hired their first female CEO, Deborah Dugan. Ten days before the Grammys, Dugan was placed on administrative leave for misconduct allegations after a female employee said Dugan was "abusive" and created a "toxic and intolerable" work environment. However, Dugan says she was actually removed from her position for complaining to human resources about sexual harassment, pay disparities, and conflicts of interest in the award show's nomination process.

Just five days before the Grammys, Dugan filed a complaint with the Equal Employment Opportunity Commission, and her claims are many. Dugan says she was paid less than former CEO Neil Portnow. In 2018, Portnow received criticism for saying women need to "step up" when only two female acts won Grammys. Portnow decided to not renew his contract shortly after. Dugan says she was also asked to hire Portnow as a consultant for $750,000 a year, which she refused to do.

Keep Reading