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. . . .
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 . . .
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 . . .