saving Archives - The Outlier Model

How I Saved $10,000 in a Year and You Can Too!

Tamila McDonald / April 9th, 2018 / No Comments

When I used to counsel clients, I would always tell them the importance of saving. Most of them wanted to save, but couldn’t figure out how. I helped them by telling them the story of how I saved $10,000 in a year and how they could, too. Tamila McDonaldTamila McDonald has worked as a Financial Advisor for the military for past 13 years. She has taught Personal Financial classes on every subject...

Posted in: Personal Finance Tagged with: saving

Your Ultimate Guide to Starting a Baby Emergency Fund

starting an emergency fund, baby emergency fund, how to build an emergency fund

Chonce Maddox / May 25th, 2016 / No Comments

According to a recent poll, two-thirds of Americans don’t have at least $1,000 saved up for an emergency. While that’s scary enough to think about, what’s even worse is that families who earn six figure salaries still claim they can’t manage to save up $1,000 in an emergency fund. This tells me that this lack of saving is not just due to an income problem, it’s more likely a mindset problem...

Posted in: Uncategorized Tagged with: emergency expenses, Emergency fund, extra expenses, save more money, saving, saving stats

Financial Benefits of Living Off One Income

financial benefits, living off one income, financial advice

Chonce Maddox / May 11th, 2016 / 3 Comments

When you combine finances with your significant other, it’s easy to start inflating your lifestyle if you are under the impression that you will have a higher household income. However, I challenge you to go the financially savvy route and try living off of only one person’s income. A family who exercises the habit of living off one income and saving the other is the perfect way to get ahead on...

Posted in: Money Tagged with: Emergency fund, living off one income, paying off debt, relationships and money, saving

5 Ways You’re Wasting Money

Jill / August 12th, 2015 / 1 Comment

If you’re looking to be more frugal or save money, you’ve probably know all of the basic ways to cut costs and live within your means. But are you wasting money in other ways? No, this isn’t another article claiming you can save thousands a year by canceling cable and skipping your morning Starbucks run. Here are five ways you might be wasting money that you may never have even...

Posted in: Money, Saving Money Tagged with: budget, debt, financial goals, frugal, money saving tips, saving, saving money, wasting money