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Tag: Financial Planning

Martin Backhausen | Week 45: Save for Home Repairs

Week 45: Save for Home Repairs

Posted on March 24, 2026March 24, 2026 by Martin Backhausen

Hello! Home repairs are costly. You can save for them. It keeps you safe from scams. Let’s start. Set a goal. Maybe $1,000 for fixes. Divide it by months. For 12 months, save $83 a month. Transfer $20 a week to a savings account. Skip one meal out to find the money. Check your budget…

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Martin Backhausen | Week 39: Build a Financial Cushion

Week 39: Build a Financial Cushion

Posted on February 10, 2026February 10, 2026 by Martin Backhausen

Hello! A financial cushion is extra money. It covers big surprises. It’s bigger than an emergency fund. It keeps you safe from scams. Let’s start. Aim for $2,000 over time. Save $15 a week. Open a savings account. Skip one meal out to find the money. Set up an automatic transfer. This makes saving easy….

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Martin Backhausen | Week 34: Rent vs. Buy Decisions

Week 34: Rent vs. Buy Decisions

Posted on January 6, 2026January 6, 2026 by Martin Backhausen

Hello! Deciding to rent or buy is big. It affects your money. You can choose wisely. It keeps you safe from scams. Let’s learn how. Renting is flexible. Buying builds wealth. Check your budget. Can you afford a down payment? Compare costs. Rent might be $1,000 a month. A mortgage might be $1,200. Add taxes…

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Martin Backhausen | Week 27: Plan for Retirement

Week 27: Plan for Retirement

Posted on November 18, 2025 by Martin Backhausen

Hello! Retirement seems far away. You can start now. Small steps grow big. It keeps you safe from scams. Let’s make a plan. Save a little each month. Maybe $20. Use a retirement account, like a 401(k) or IRA. Your job might offer one. Check if your employer matches contributions. That’s free money. Put in…

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