How do you save for the short term (big purchases, vacations, a wedding), a house downpayment, and retirement, and pay off debt at the same time? And stay sane?
It can all seem overwhelming. And if there’s one thing that makes someone shy away from anything personal finance (or anything) it’s when something seems too frustrating, complicated, and more trouble than it’s worth.… Read More
Despite being obsessed with all things personal finance for the last couple of years, 2016 was the first time I tracked my spending for an ENTIRE YEAR! On a related note, I also made bigger gains in my net worth than any other year. … Read More
Heads Up! You’re probably losing money on your savings!
A savings account is an important part of any personal finance picture. It’s a separate, safe place to stash an emergency fund or save for a goal like a vacation or a downpayment on a house.… Read More
A lot of savings is really just deferred spending. Savings for a wedding, new car, or vacation will be spent within the next year or so. Other savings, like for an emergency fund, may or may not be spent later – and may come out as a wash in your net worth. … Read More
What can you get for $25?
Off the top of my head, a daily Venti Starbucks Latte on the way to work, or a $5 footlong from Subway every day for lunch, a new shirt, 2 movie tickets, a 30 pack of cheap beer, 8 or 9 gallons of gas…or a dollar a year for the rest of your life.… Read More
Retirement is a far-off milestone for most people. Any 21 year old fresh faced college graduate sees the coming decades of their life dominated by careers and families, with the option to quit work at least 4 decades away. Put another way, for someone who has only been alive for 21 years, age 65 is triple their time on this planet. … Read More