Live Better
Preparing for a financial emergency

5 tips for building (or rebuilding) your emergency savings
(Family Features) The new year provides an opportunity to re-evaluate different aspects of your life, and that includes your budget and savings habits. Planning for emergencies by building – or rebuilding if the COVID-19 pandemic required making a withdrawal – a savings account to withstand the unforeseen can increase confidence in your overall financial health and reduce worry that a significant life event will negatively impact your finances.
“Our research shows having emergency savings is the foundation for long-term financial health,” said Chandni Ohri, program lead in savings and financial health with BlackRock’s Emergency Savings Initiative. “The start of a new year is a good time to make a savings plan, which can consist of putting a little bit of money away regularly.”
Even before the pandemic began, 4 out of 10 Americans had a hard time finding even $400 to cover an emergency, according to a report from the United States Federal Reserve. However, if you don’t think you have money to save, consider the majority of people who were able to save for an emergency for the first time in 2020 earned less than $60,000, according to research from BlackRock’s Emergency Savings Initiative, a group of nonprofit experts, corporate partners, and providers. Changes in spending due to the pandemic plus government stimulus packages helped many individuals create much-needed cash buffers.
Consider these tips to build your emergency savings account and create a buffer of cash for when emergency strikes.
Start a Savings Habit
While it’s less important to have a specific dollar amount in mind, getting into the habit of putting some money in savings with each paycheck can help protect you should an emergency arise. While one good rule of thumb is to set aside enough to cover roughly six weeks of living expenses – housing, food, transportation – take a look at what it would cost to cover unexpected issues with your car, a trip to the hospital, a leak in your home or the replacement of a major appliance and start there.

Even a small amount, such as $50 in your savings account when it’s the day before payday and you’re running on fumes, can save you from an overdraft fee, having to resort to using a credit card, borrowing from a loved one or taking out a loan. However, research from the AARP Public Policy Institute found having a cash buffer of approximately $2,500 can help prevent financial hardship over the longer term. If you lose your job, for example, your emergency account could help pay for necessities while you find a new position, or the funds could supplement any unemployment benefits you may receive.
Automate Your Savings
Because an emergency can strike at any time, it’s important to have easy access to your funds. However, the account should also be separate from your checking account so you’re not tempted to dip into your reserves. Pick a free savings account with no minimum balance requirements and link it to your everyday account to quickly move money over if you need it.
Look for ways you can automatically save such as enabling roundups from your checking account to be transferred to your savings with each purchase or having your employer split your paycheck and automatically deposit a portion into savings each payday.
If you’re planning to stash funds away for months or years that can serve as both an emergency fund and long-term savings, consider a high-yield savings account.
Look for Ways to Cut Back
While you may have already made changes to your spending habits amid the pandemic, periodically shopping for competitive rates of recurring bills, such as cable and internet, cell phones insurance policies and other utilities, can be a simple way to save some money each month. Start by asking your current providers about any special rates and promotions that may be available to loyal customers then check with alternative providers to see if they can provide the same or better offerings at a reduced cost. Sometimes returning to your current provider with a more competitive rate from elsewhere can be extra incentive to work out a deal to keep a longtime customer.
Also look at any subscription services you use, or potentially don’t but still pay for, and see if they offer a cheaper plan that still meets your needs or if you’re able to cancel subscriptions you no longer use frequently. Other expenses such as dining out or buying new clothing and accessories could also be scaled back if you find you’re splurging too much. Avoid completely cutting spending for leisure activities from your budget but look for reasonable tweaks that can allow you to set more money aside for unforeseen expenses.
Take Advantage of One-Time Opportunities to Save
Assuming you expect to receive a tax refund, this provides an easy way to boost your emergency fund if circumstances allow you to save all or a portion of the return. If you’re able, consider having your refund directly deposited in your emergency account. The same strategies can be applied to any government aid checks you may receive, such as a second round of stimulus money that could be distributed to eligible citizens in 2021 to help reinvigorate the economy amid the COVID-19 pandemic.
There may also be other times throughout the year when you receive one or more cash gifts, like your birthday or holidays, that can help provide a nice cushion to your emergency fund if you can avoid the temptation to spend it.
Replenish What You Use
Remember to review and adjust your savings plan as needed, whether you’re able to contribute over a longer period of time without dipping into the account or if an expensive life event pops up that requires using all or a portion of the funds.
Should you need to dip into the savings, do your best to make replenishing the account to a level you’re comfortable with a primary goal in case any additional unexpected expenses arise. Alternatively, if your saving is going well, consider increasing the amount you’re saving each paycheck so you’re better protected against any major life changes or able to finance a large-scale purchase down the road.
Find more information and tips for building your savings at savingsproject.org.
Photos courtesy of Getty Images
SOURCE:
Financial Health Network
Live Better
This Mother’s Day, give the gift of giving back

(Family Features) Celebrate Mom and other special women in your life with a Mother’s Day gift that makes a lasting impact for children.
When you shop at UNICEF Market, you’re not only choosing beautifully hand-crafted artisanal gifts, but also supporting its efforts to keep children healthy, educated and safe across 190 countries and territories. A portion of every sale could provide safe water, enhance schools, supply essential services or protect infants from preventable diseases.
Each item, from jewelry and apparel to homeware, is sourced from talented artisans who receive fair prices for their creations, strengthening their communities and supporting their families. In fact, the gifts give back three times over: They support artisans and help communities thrive, assist vulnerable children and make for thoughtful, compassionate Mother’s Day gifts.
Choose a meaningful gift that honors the special women in your life while empowering children with the tools for a better future.
Featured Gifts
- Aqua Handblown Recycled Glass Carafe and Cup Set, ‘Delicate Aqua’
Add a touch of elegance to any space with this eco-friendly carafe and glass set, handblown from recycled glass by artisans in Mexico. Perfect for your home office or bedside table, it’s a beautiful and practical way to support sustainability.
- Handmade Artisan Jewelry
Choose from a stunning collection of handmade jewelry crafted by artisans from around the world, including first-edition Beads of Hope Bracelets from Guatemala. From modern designs to timeless elegance, each piece tells a story of cultural heritage and artistry.
- Unique Home Decor
Bring a global touch to your home with handcrafted decor from Africa, Latin America and Asia. Whether it’s a rustic accent, a Peruvian rug or an African sculpture, these pieces can add character and charm to any room.
Inspired Gifts for Moms and Babies
For a gift that truly gives back, consider UNICEF’s Inspired Gifts. These donations support life-saving programs and can be sent via email or printed as a card. Perfect for those who have it all, these gifts honor the special women in your life while supporting children across the globe.
- Mom and Baby Care
Ensure the safety and well-being of both mother and baby with a package that includes essential medications for a smooth and safe delivery. This gift directly supports the health of moms and babies in need. - Bundle of Hope
Your donation can provide children with the essential tools for learning and growing: clean water, soap, exercise books, pencils, vaccines and therapeutic food. This gift helps ensure all children have the resources they need for healthy, productive futures.
This Mother’s Day, celebrate moms and children around the world with a gift that keeps on giving by visiting market.unicefusa.org.
SOURCE:
Live Better
Big upgrades for small spaces: Bathroom reno for style, function

(Family Features) Home renovations happen for a variety of reasons – whether to reflect personal style preferences, replace worn out materials or adapt to a family’s evolving functional needs. Among the most popular upgrades homeowners tackle, bathroom renovations can be a smart and worthwhile investment.
Updating a bathroom, even a small one, requires careful planning to ensure both aesthetic appeal and long-term functionality. To maximize the value of your investment, focus on a design that is timeless and products that offer a blend of beauty, comfort and performance.
“As a designer and renovator, I know firsthand the impact fixtures can have on a home,” said Keith Bynum, home renovation expert, designer and HGTV star. “American Standard has been my go-to for renovation projects because their products are built to last, beautiful and timeless. The brand’s approach aligns with my own – creating stylish, convenient spaces with high-quality products that cater to real-life needs and improve the way we live.”
Discover these expert tips for selecting the perfect products for your bathroom upgrade from American Standard, a trusted leader in bathroom and kitchen plumbing fixtures that is celebrating 150 years of designing innovative products that are truly “built for life.”
Sinks
Your sink should not only enhance the visual appeal of your bathroom but also meet your practical, everyday needs. Striking the right balance between aesthetics and practicality is essential when choosing the perfect sink for your space. If you’ve never shopped for a sink before, you may not realize how many styles there are to choose from.
An undermount sink sits with its edge below the level of the countertop, creating a seamless surface that makes it easier to clean while hiding from view. A drop-in sink is placed into an opening with the rim creating a lip that forms a barrier between your sink and counter. A vessel sink resembles a standalone basin, often used as a decorative and contemporary alternative to traditional sinks in powder rooms. The sleek and clean design of a pedestal sink makes it a perfect solution for smaller spaces, although additional storage may be needed.
Once you decide on the sink, you’ll also need to determine what furniture to pair with it. Some popular options to complete the look and enhance usability include a console, vanity top, floating vanity or washstand.

Toilets
When considering a toilet, performance is essential. It should meet your everyday needs, operate efficiently and provide additional features that make daily maintenance easier.
You’ll find most toilets on the market fall into one of three categories: one-piece, two-piece or smart. One-piece toilets have a seamless design, with the tank and bowl fused together for a look that is sleek and easier to clean. Two-piece toilets consist of a separate tank and bowl, making them a popular choice for easy installation and maintenance. Smart toilets offer advanced features like bidet functions, automatic flushing, self-cleaning capabilities and customizable settings designed to enhance user comfort, hygiene and convenience.
Another important consideration is your toilet’s shape and height. Elongated bowls provide added comfort while round bowls are a space-saving solution for smaller bathrooms. When it comes to height, standard toilets are suitable for most people, but higher toilets allow for easier standing and sitting accessibility.
An option like American Standard’s line of Champion toilets, engineered to never clog and powerful enough to flush a bucket of golf balls in a single flush, provide cleaner, more efficient flushes so nothing disrupts your daily routine. These DIY-friendly, low-flow toilets use just 1.28 gallons per flush to conserve water. They also feature PowerWash rim technology, which scrubs the bowl with every flush, and unique EverClean Antimicrobial Surface protection to guard against mold, mildew and odor- and stain-causing bacteria.

Faucets
Bathroom faucets come in a variety of styles and configurations to suit any design preference. Durable finishes resist tarnishing and scratches, keeping your faucet looking new for years to come. Many models also feature ceramic disc valves for silky-smooth handle operation and water-saving technology to help conserve resources and lower water bills.
A variety of bathroom faucet configurations can meet your bathroom design needs. Designed for sinks with a single-hole or four-inch escutcheon, the monoblock faucet provides easy use with a single-handle design for controlling water volume and temperature. Sinks with three faucet holes spaced four inches apart pair well with a centerset design, providing a compact and space-efficient solution ideal for undermount bathroom sink installations.
If your sink holes are spaced 8-16 inches apart, a widespread design will coordinate well with undermount and vessel style sinks that feature a deck, offering both style and practicality. The vessel faucet is designed for above-counter or vessel sinks, delivering a sleek, contemporary aesthetic that enhances modern bathrooms.
Bathtubs
Whether used for daily hygiene or as a relaxing retreat, the bathtub is a focal point of bathroom design. From classic alcove and elegant freestanding tubs to convenient walk-in options, each type caters to different needs and aesthetics. The secret is determining how you’ll use the tub so you can maximize the features and functionality while complementing your overall design.
You can expect to find a range of features, including ADA compliance for enhanced accessibility, deep soak capabilities for a luxurious bathing experience and slip-resistant surfaces for added safety.
The trim and faucets also play a crucial role in your tub’s overall look and performance. For families, one practical choice is the Aspirations Waterfall Tub Spout from American Standard, which is designed with rounded edges for kid-friendly safety while creating a soothing, spa-like cascade. It also conveniently doubles as a storage shelf or leg rest for shaving.
To explore product collections, find design inspiration and learn more about The American Standard 150th Down Payment Contest in honor of the 150th anniversary – where 10 deserving individuals have the chance to win $15,000 each to help them take the next step toward home ownership – visit americanstandard.dja.com/story.
SOURCE:
Live Better
Refunds to new rides: 3 essential tips

(Family Features) Tax refunds have started rolling in, which means many people are looking to use this influx of cash to make purchases they’ve been putting off. According to an Oxford Economics report, the amount of money received from income tax refunds this year could be among the highest in recent years, so many people may have more money in their pockets to spend this spring.
One purchase typically rises to the top this time of year: used vehicles. The Oxford report shows used vehicles are one of the most popular purchases for Americans during tax refund time as this coincides with higher resale values of used vehicles. When making this purchase, it’s important to consider several factors to make a smart financial decision.
Make Sure the Purchase Fits Within Your Budget
Data from Kelley Blue Book and Cox Automotive suggests average used car prices are around 50% less than new vehicle prices. Trusted used car companies and dealerships often feature a wide selection of inventory, including different makes and models, so customers can select a vehicle that excites them and fits within their budget.
“While there are several considerations to keep in mind when shopping for a vehicle, consumers should never exceed their budget,” said Laura D. Adams, personal finance expert, host of the “Money Girl” podcast and a paid Enterprise Car Sales spokesperson. “A vehicle that is near new is often an excellent sweet spot for consumers looking for quality without wanting to make the leap to purchase an expensive, new vehicle.”
Searching for a vehicle with a retailer you trust can help make it easy to stay within your budget. For example, with Enterprise Car Sales, the price listed is the price you’ll pay.
Keep the Monthly Payment Low
The more you can invest in the down payment on a vehicle, the lower your monthly cost will typically be and the less interest you will typically pay over the length of the loan. This can lead to lower, more manageable monthly payments.
“In setting a budget for a quality used vehicle, it’s important to consider the initial down payment, the monthly payments, and the interest,” Adams said. “When consumers can put a little more toward the initial down payment, while staying within budget, they often thank themselves later when they have lower monthly payments and less interest accrued.”
There are many online resources that can help consumers make this calculation. For example, an auto loan calculator can show you how a down payment can affect interest charges.
Purchase a Reliable Vehicle
No matter who you buy from, ensuring you are purchasing a high-quality, reliable vehicle is of the utmost importance. Do your research before signing on the dotted line and conduct a test drive if you can.
“When conducting your search, it’s important to put companies and dealerships you trust at the top of your list,” Adams said. “Maintenance costs can sometimes creep up down the road, so it’s important to make this significant purchase from a company or dealership you trust.”
Some dealers also provide additional benefits to help protect a purchase. For example, all vehicles purchased through Enterprise Car Sales are “Enterprise Certified,” pass a rigorous inspection by ASE-certified technicians and come with a 12-month or 12,000-mile limited powertrain warranty (whichever occurs first), 12 months of roadside assistance and a 7-day or 1,000-mile (whichever occurs first) buyback policy.
With a little research and careful planning, you can find a reliable used vehicle that excites you. Visit enterprisecarsales.com for more information.
SOURCE:
Enterprise Car Sales
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