Everyone complains about the price of gas, but not many people know how to save on fuel. It used to be cheaper, back when a nickel would buy you a moon pie and soda pop, with enough change to spare for a comic, right? The only thing is, travel costs you less today than just …
UPDATED: April 6, 2021 – I’m consistently amazed at the ways people find to spend (read: waste) their hard earned dollars on a daily basis. Whether it’s spending $1.50 on a 20 oz. soda from the vending machine, going out to lunch Monday through Friday or shopping online during their downtime (the 21st-century window browsing). …
UPDATED: April 6, 2021 – It might sound like fantasy, but early retirement is actual. For me, and very likely you. I know, it’s crazy for me to verbalize that but if I play my cards right, I should be able to retire comfortably in about 5 years. This will put my retirement just right around the …
UPDATED: April 6, 2021 – Everybody knows that to have excess money, you have to spend less than you earn. There are two “formulas” for wealth. You need to live below your means and take advantage of compound freaking interest. But that requires a little more math, and I’m going to save that for another …
As a personal finance blogger, I usually advocate saving money whenever it’s feasible. I’m always trying to save money because I often think it has a better use elsewhere in my budget. But, in some instances, I believe that it makes sense to spend when you can save. Spend more, even when there are cheaper …
Is it Possible to Spend More to Save More? Where I Splurge… Read More »
I recently wrote about zero-effort changes you can make to your lifestyle that will immediately save you money. Number 1 on the ways to save money list was unplugging devices when they’re not in use. “The average U.S. household spends $100 per year to power devices while they are off (or in standby mode).“ So, let’s …
One of the most, if not the most, important formula for growing wealth right here. This is the formula for determining compound interest. I say growing wealth because I’ve already given my opinion on the most important formula in personal finance. Below is the Compound Interest Definition: A= Amount P= Principal R= Interest Rate N= …
Compound Interest Definition – The Magic Formula to Wealth? Read More »
Sometimes you’re going to want things that you know you shouldn’t buy, or that you know you can’t buy. And that isn’t much fun. I know this from personal experience. But it’s a marathon, folks. You’re not going to get out of debt and be rich tomorrow. Not next week, not next month, or not …
Traditional forms of consumer lending exist at the institutional level. You visit a bank branch, apply for a car, personal, or student loan, and await the decision from the underwriters at the centralized office. This kind of lending often shuts out certain borrowers – whether or not bad credit is a factor – as financial …
UPDATED: April 6, 2021 – Mint.com is an online system that pulls together all your financial accounts so that you can see your entire budget in one place. Pick and choose which accounts, bills, and cards you would like to view on your online profile or view them all together at once. They are also able …
