Money Basics Archives - The Hike to Wealth

How to Build an Emergency Fund

Reading Time: 9 minutesOk, so you made the decision to build an emergency fund, now what? How much of an emergency fund do you really need? Before I answer that question, let’s drill down into why emergency funds are a critical aspect of a strong financial foundation. Why Do You Need an Emergency Fund? An emergency fund helps…

Budgeting

5 Most Common Budgeting Mistakes

ByChip November 9, 2023

Reading Time: 5 minutesRunning you finances on a budget can be as easy or as complicated as you want to make it. While there isn’t one “right way” to run a budget, there most certainly are some budgeting mistakes you could be making that are making your life that much harder. Budgeting isn’t super fun, so don’t make…