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 . . .
In past posts, I've suggested self-insuring to save money. Insurance companies have figured out the odds of you filing a claim and have set the premiums accordingly. They probably won't make money on you every year, and likely will lose money on you some years. Over time, however, they will collect more in premiums than payouts. The less insurance you carry, the more you will save. Learning how to . . .
There's a recent blog post by Abandoned Cubicle detailing how he's lost a million dollars over the last 20 years in unnecessary spending. It's a very insightful article, and I strongly encourage reading it. He highlights how much little money drains can cost you over the course of many years. He also highlights our collective unnecessary spending as consumers. His conclusion is that had he not . . .
Spending within our means, or more specifically, keeping our expenses below our earnings is what makes personal finance work. Accomplishing this requires self-discipline and budgeting, but becomes much easier when you learn contentment. What Is Contentment? Contentment is learning to be happy in whatever situation you find yourself. Contentment is a mindset change. It involves . . .
When you hear 'budgeting' and 'fun' in the same sentence, you probably start shaking your head, sure that something's wrong. Budgeting and fun should never go together, right? Budgeting surely isn't fun, and budgeting for fun definitely ruins all the fun. Or not. While you may not think budgeting itself is fun, budgeting for fun definitely leads to less stress and more satisfaction. Budgeting . . .
Much of the United States depends on car loans to finance their vehicle purchases. According to credit rating agency Experian, over 80% of new cars and roughly 55% of used car purchases are financed. So if everybody's doing it, it must be smart, right? Taking out a Loan The obvious advantage of financing a car purchase is being able to get a nicer, newer car than you would have been able to . . .