How To Save Money Fast: 7 Quick And Easy Finance Tips For 2021
KEY POINTS
Avoid get-rich-quick scams
The economic damage from the pandemic left U.S. taxpayers with a lot of debt last year, so it s safe to say Americans are looking to save money in the New Year. With an uncertain future given the pandemic and the political climate, here are seven things anyone can do to save money in the new year.
No.7: Plan Ahead For Expenses
Nothing can ruin savings like unexpected costs. While some expenses are complete surprises, things like taxes are easier to predict.
Unemployment checks are taxable, meaning households could face additional burdens given the extra $600 from the CARES Act and the new stimulus measure passed late December. Financial services firm Kiplinger recommends households save up for tax season, particularly if they had supplemental income last year.
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