It may seem like there is a lot to personal finance. And in one sense there is. There are thousands of different approaches to personal finance. And this can get overwhelming. It may seem so overwhelming that you feel paralyzed at square one. But it doesn't have to be. There are a handful of things that are critical in personal finance. All the rest is splitting hairs. So go through each of these items one at a time and make an improvement in each area. . . .
Many employees long to quit their day jobs to be able to work from home or while travelling the world. Some just want to be able to be their own bosses and set their own hours. Others just want a secondary source of income that can be pursued on a whim, whenever and where ever they feel like it. The good news is that collecting cans and bottles is not the only way to make a side income. Especially . . .
Money doesn't make you happy. Endlessly pursuing more money will likely rob you of your life and time and make you miserable. But sometimes, working a little extra at a part time job or freelance gigs for a temporary income boost makes sense. Emergency Fund If you don't have an adequate emergency fund, you're leaving yourself vulnerable to the emergencies and curve balls that life likes to . . .
I've written before that your utility bills can be one of the easiest places in your budget to find savings. This is especially true with winter right around the corner. I know, I know, the last thing you want to think about at the end of September is winter. But if you spend a little bit of time sealing up your home now, you'll be glad when your heat bill comes in a little bit . . .
The key to making personal finance work is spending less than you earn. A lot on this blog, and a lot of advice out there focuses a lot on the spending less part. You may have noticed that I even phrased the first sentence as "spending less than you earn", rather than "earning more than you spend". There's a reason for focusing on cutting your expenses. Often cutting your spending is far easier . . .
A bank is one of those things that should largely go unnoticed in your life. Once you find a good bank, you use it on a regular basis to park enough cash to cover your short-term needs and earn a little interest on top. You shouldn't need to spend more than 5 minutes a year worrying about your bank. Your bank also shouldn't be costing you any money. You are doing them a favor by letting them keep . . .
Recently, my dad wrote me an email: Oh, dear. Are you a millennial? Dad I'm still not sure what to make of the email, but yes, I am a millennial. Anyway, to get to the point, the Wall Street Journal just ran an article detailing why millennials seem to prefer ETFs over standard mutual funds. A quick reminder- both mutual funds and ETFs are financial products that bundle a lot of stocks . . .
Buying a new car every few years is a lot of fun. You get the latest features, don't have maintenance headaches (barring a lemon purchase), and have the status symbol of a newer car. But if you're going for the most bang for your buck, trading out vehicles often is not the way to go. Maintenance Costs Less than Depreciation A common myth says that the amount you . . .
Love and money don't mix. Or at least that's how the conventional wisdom goes. Statistics are rampant detailing how money problems are the leading causes of divorce, and one of the leading causes of stress in a household. Income discrepancies can cause tension between partners, leaving the feeling that one isn't pulling their full weight. Different spending habits and priorities can cause friction . . .
Reviews.com is a great resource that researches and reviews everything under the sun, including a range of financial products. It's a great place to start when contemplating any major (or minor) life changes. Below is an excerpt of an article that originally appeared on Reviews.com. For the complete version visit: http://www.reviews.com/mortgage-companies/ Of course rates are going to matter . . .
Stocks, bonds, savings accounts and certificates of deposits are by far the most common form of investing. Following these is real-estate. Some people, however, have reservations investing in any of these categories. Real estate might be too time consuming, and often ends up incurring higher costs than anticipated. CDs, savings accounts and bonds don't return enough, sometimes even . . .