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. . . .
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 . . .
As the weather starts cooling this time of year, space heaters start getting popular again. You'll start seeing more ads for them and they'll start filling up store displays. Space heaters come with some pretty hefty money saving claims. Your actual savings depend a lot on how you use them, however. Heating with a Space Heater is Less Efficient than You Think If you live in town and your . . .
Buying a new car gets a lot of flack. Mention buying a new car, and somebody is bound to tell you that the new car loses a third of its value as soon as you drive it off the lot. Or some similar percentage. Instead, you're supposed to buy a 2 or 3 year old gently used car. By this theory, you miss the depreciation, but still get the benefits of the new car. But are things really that . . .
When you're living on a budget, the little things count. This is a list of things that I do to save money. Should everyone have the exact same list? Of course not. Everybody values various things differently. I'm sure there are things that you do to save money that I'd much rather pay more for (like oil changes), and there will be things on my list that you'd rather not do. But hopefully there . . .
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 . . .
Groceries are a huge item on most of our budgets. But eating is a necessity, so can we really save money on groceries? Quite a bit, actually. Several little changes can quickly add up to large savings. In turn, making those savings routine by changing your shopping habits will lead to long-term savings. One Awful Way to Save Money on Groceries One easy way to save money on groceries is to . . .
I'm cheap. Period. I can try to call it what I want- frugal, thrifty, whatever. But I'm cheap. The problem is, this isn't always a good thing. And cheap doesn't always mean the same thing as frugal and thrifty. For sure, I try to be frugal and thrifty, but I have to constantly remind myself of the difference. Because they are different. In fact, often cheap is the exact opposite of . . .
I've been tossing around the idea of installing solar panels for several years. Just the idea of harnessing natural resources has an appeal to it. But it's a huge investment, and I was doubtful that the payoff would really match a payoff in traditional investments, so I kept kicking the can down the road. Finally, this past year I got serious about scratching my itch. I figured I had to weigh the . . .
Black Friday ads are already coming out! Nerdwallet has compiled a good list if you're interested. Having said that, Black Friday is still 4 weeks away. Retailers are going to be building up hype for the biggest shopping day for the next 4 weeks, bombarding you with ads on TV, radio, newspaper, social media, etc. Don't fall for the hype! If you're not careful, Black Friday will yet again . . .
Signing up for a 401(k) through your employer is one of the easiest ways for you to successfully save for retirement. Your employer takes care of most of the paperwork and your contributions to the plan are taken right out of your paycheck. However, when you first set up your 401(k), you may be overwhelmed by all the options. How Much to Contribute When you set up your 401(k), you get to . . .