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. . . .
You probably know full well that retailers have an arsenal of marketing techniques to get you to pull out your wallet and spend. Unless you have superhuman self control, you've probably fallen prey to these techniques more than once or twice. However, there is one marketing strategy that is particularly dangerous to your budget. When marketers target your habits, they are not just attempting to . . .
Pennies and Dollars is 6 months old today! I asked my wife if she'd throw me a birthday party. She pointed out that we don't even throw 6 month birthday parties for our kids. Valid point. So, since bloggers love to compare notes from time to time, I guess a post will have to do. So here goes my 'State of the Blog Address.' Where I Came From Back on August 1, 2016, I wrote my first post. I . . .
Saving for a rainy day- we're told over and over how important it is. Because it is. It may be all sunshine now, but rainy days are a guarantee. Regularly stashing away money in an emergency fund gives us a buffer when unexpected expenses pop up, or worse, when we lose part or all of our income. However, emergency funds are not infinite and will dry up if your rainy day turns into a rainy many . . .
I recently wrote a little warning about not wasting your refund. I know, I said I wouldn't tell you what to do with it- just figure out how to use it wisely. But maybe you're stumped. Here's a quick list of ideas to get you started. Mix and match, pick one, pick all, or none at all. 1. Build Your Emergency Fund Don't get caught off guard by life's surprises. If you haven't started . . .
Your tax refund. Everybody wants a piece of it. Brace yourself for a bombardment of advertising telling you how to spend it. Big screen TVs. New cars. Vacations. All the latest toys. Your refund feels like free money, so you feel like you can splurge a little with it. Don't fall for it. Remember, your refund is just the amount that you've overpaid in taxes throughout the year. So technically your . . .
Today's post is a guest post by Tina Roth. Tina Roth is a personal finance blogger and her goal is to help educate and empower people when it comes to managing their personal finance. She is also a firm believer in financial literacy and writes helpful personal finance articles to educate people to secure their financial life. --- Especially around the New Year, many people focus a lot on . . .
I strongly recommend investing in the stock market. Not all your savings, but a good chunk of your savings that you don't plan on touching for at least 10 years. Simply, over the long term, the stock market returns far better yields than any other investments available to the average investor. Bonds will barely beat inflation, and bank interest rates often return less than the inflation rate, . . .
Budgets are the cornerstone to personal finance. A good budget keeps your spending within your income and leaves room for saving. A good budget also lets you save enough for your short-term and long-term goals. However, learning to live within a budget can be hard. A budget limits your spending. And spending can be fun! When you first start budgeting, you may experience a 'lifestyle . . .
A few months ago, I published a roundup of tips on how to save money in day-to-day life. A lot of the same contributors are back, this time with tips to save on or save up for vacation. Enjoy! 1. A Jar Full of Money My wife keeps a coin and small bills jar hidden in our house. She'll sneak $1 and $5 bills out of our wallets and purses every once in a while and hide them away. I don't really . . .
Sometimes when you try to live frugally, you completely stop purchasing non-necessities. Which isn't bad! You're far better off being completely content with what you have than always wanting to buy whatever you lay your eyes on. There are, however, some purchases that can end up saving you far more than the price of the item. Here's a list of 7 items to get you started. 1. LED Bulbs If you're . . .