Part of personal finance being personal means that we focus on our own journey, and let others focus on theirs. We are responsible for our own finances and our own outcomes. Too often, however, we tend to look over at our friends and neighbors to compare notes. We either like to pick apart what they are doing wrong to make ourselves feel better, or start drooling in envy at the latest new toy they . . .
There was once a hardworking man who worked 9-5 day in, day out, for 45 years. He rarely took vacation because he wanted to 'shine' as an employee. He stayed at the same job his entire life because it was 'safe'. He put 10% of his paycheck into retirement savings because it was the 'smart' thing to do. He budgeted for a car payment, a house, and lived within his means. At 65 he retired with a . . .
It's the time of the year that everyone starts talking about New Year's resolutions. Common resolutions are to lose weight, eat healthier or start doing something nice. Although less common, financial goals or resolutions are also important. Developing financial goals is a big part of figuring out your 'why' of personal finance. Goals also serve as actionable steps towards your . . .
There are all sorts of ways to make a couple bucks here and there on the internet. Most of them are tedious and time-consuming for relatively small payouts. A few programs, however, will pay you regularly just for the privilege of monitoring your device activity. Once you install an app on your phone and an extension on you computer browsers, the rewards start rolling in. Who Would . . .
You need a budget. Period. A budget ensures that your money goes to things that are important to you. A budget also ensures that you maintain a positive cash flow- meaning you don't spend more than you earn. Budgeting basically divides your money between needs, wants and goals. Or I should say needs, goals and wants, since that should be the priority order. If you don't use a budget, even . . .
Thank you for supporting Pennies and Dollars by reading this guest post. As Christmas comes knocking, most people worry about the spending that this time of year demands. You want, perhaps even need, gifts for friends and colleagues, not to mention relatives. For an individual with a family, Christmas expenses become even more of a nightmare. There could be children who have been waiting for . . .
A little while ago, I published a post detailing the Crazy (or not so Crazy) Things I Do to Save Money. Since there are lots of people who are smarter, crazier, more frugal or quirkier than me, I've compiled a list of their ideas on a new page- Crazy (or not so Crazy) Things Smart People Do To Save Money. Enjoy! . . .
If you haven't seen or used one, a prepaid debit card looks and acts very similar to a regular debit or credit card. The biggest difference is that you don't need to maintain an account. Instead, you simply 'load' the card by paying a cashier at a retailer or bank selling the card. Prepaid Cards Are Expensive According to a study done by the NFCC, over 75% of prepaid card users believe that . . .
Self-pity seems to be in vogue. And culture definitely isn't discouraging self-pity. This trend seems to be focusing especially on millennials. The Elite Daily, for example, recently detailed what they see as the biggest problems for middle class millennials. This article happened to strike a chord with me. I'm a millennial and have experienced aspects of 5 problems. For a moment I was tempted to . . .
Thank you for supporting Pennies and Dollars by taking time to read this sponsored post. Although each person's finances are unique, most share a common feature: Debt. Despite the negative connotations the word sometimes conjures-up, debt is a natural part of even the healthiest family finances. It is not until the cost of credit obligations becomes oppressive or balances become unmanageable . . .