Posts

UW Professor J. Michael Collins
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Emergency Savings and Financial Well-Being: Q&A with Financial Expert J. Michael Collins

Emergency savings give people peace of mind—or what we like to call “financial well-being,” which is really defined as being subjectively OK with where you are. A big component of that is not worrying about stuff, being resilient to extra expenses, feeling in control. If you don’t feel like you can set [financial] goals and reach them, it makes you feel less financially well. That has negative side effects for people’s physical and mental health.

1040 Tax Return: What to do with your tax refund
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Wondering What to Do with That Tax Refund? Ask Yourself: “What Keeps Me Up at 3am?”

Seeing that last year’s average tax refund hovered above $2500  (though in Wisconsin it’s a little less), you may well be expecting a hefty check in the next few months. But before you start Googling “Vacations in Veracruz,” consider finding some better ways to spend your tax return. Especially if you’re among the 63% of […]

Money Saving Tips: Save $5 this month
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5 Tips to Save $5 This Month

Think saving $5 a month isn’t worth the effort? Actually, an extra $60 per year can provide you with some pretty big returns: A $60 donation to local gardens, parks, and museums can often provide your family with a membership and free admission for the year. $60 toward private unemployment insurance can help you make […]

Emergency funds piggy bank
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How Much Emergency Savings Do You Need? Quick: Name Your Top 5 Monthly Expenses

Think of the last time you got that unexpected bill: the $500 car repair, a heart-skipping co-pay, a downed tree from a storm. How did you manage? If you’re like 63% of Americans, you didn’t have the money in savings for this unexpected expense. It’s likely your credit card took (and might still be taking) […]