BMO Harris Bank Scavenger Hunt Week 5 | Managing Your Finances

This post brought to you by BMO Harris Bank N.A. Member FDIC. All opinions are 100% mine.

We have been playing the BMO Harris Bank Scavenger Hunt Sweepstakes each week and sharing tips along the way. In the past weeks, we have discussed Baby Saving Tips, tips for creating a budget with you get a new job,  saving when purchasing a new home, and getting ready for college.This week is the final week and we will be discussing the overall management of your finances and what tools you can use to do so! 

Managing Your Finances

• Create a budget. This will help you understand where you spend your money so you will be prepared for emergencies and rising costs. Plus, it is smart to do so you can achieve your financial goals. 
• It's a general rule of thumb to have three to six months of living expenses in an emergency fund. Be sure to consider your health insurance coverage in this figure too! 
• The general rule is to have funds totaling three to six months of living expenses. You should also consider factors such as your job outlook, earnings stability, household income, health insurance coverage and future needs.
• Use online financial tools that can help you understand your net work, track spending, and reach savings goals. Check with your bank to see if they offer anything like this as you can save time by not having to enter in information manually if your bank offers such a financial tool.

The BMO Harris Bank Scavenger Hunt Sweepstakes is on week 5 and you could enter for a chance to win $500 – $2,000. Each week during the five week time period, play the interactive game experience  on Facebook that offers useful financial tips. Different key milestones of the journey of life will be highlighted through a series of true/false and multiple choice questions, text tips, and video footage. You will pick up tokens along the way that enable you to enter the sweepstakes.

Not only is it informative but it is fun and very quick! I was able to enter in just a few minutes. I also got each question right on the first try – yay me! You will have to be on Facebook to participate. How do you manage your finances? Do you utilize all the online tools that your bank has to offer?