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. . . .
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 . . .
Happy New Year! And now it's tax time. I know, I know, April 15 is still a long way away. But, by the end of this month, your W-2s will be rolling in, followed closely by a multitude of other tax related documents. And since you'll likely get a refund when you file, there's no reason to let Uncle Sam sit on your money any longer than necessary. So despite the April 15 deadline still being several . . .
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 . . .
If you are in debt, you might be happy where you're at. However, there's a good chance that you've come to despise your debt and have resolved to live debt free. In this case, there are a number of strategies to pay off your debt. You could just make minimum payments on all your debt. This would be the least painful in the short-term, but of course would mean staying in debt for longer. To pay off . . .
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 . . .
You hear it over and over- 'the quickest way to wealth is real estate.' Self made millionaires often attribute their wealth to real estate, and retirees count on income from real estate to supplement other income sources. But how do you invest in real estate? Traditional Real Estate Has Potential for Great Returns A common and relatively easy way to invest in real estate is by buying a second . . .