Discover practical advice, actionable strategies, and insights to help you make every penny count.
The average American will spend over $9,000 on transportation this year. Nine thousand dollars. Next to housing, it’s the biggest expense on the budget sheet. The good news is, there are a ton of strategies to cut back in this department. The best way is to just not have a car. But that’s not alw
If you’re like me, you like to travel. It allows you to explore new places, visit friends and family, and enjoy a change of scenery from your everyday life. As exciting as traveling is, the downside is that it’s really dang expensive. Airfare is often the biggest cost involved, especially when you
“Time is money.” I’m sure you’ve heard that famous little line before. The phrase has been going around for a long time. In fact, it dates all the way back to the days of Ben Franklin. Time is money. Time is money. Time is money. So what does this even mean? How is time money? Are the two words rea
Climate change is happening. Many scientists have warned that we are nearing a point of no return. As a society, we need to make major changes to slow global warming. As an individual, there are still many things - often small - that you can do to help the environment. You may think that it doesn’t
An HSA, or Health Savings Account, is an amazing vehicle for saving for both medical expenses, retirement, and medical expenses in retirement. Its seemingly unmatched tax advantages make it truly a secret weapon in saving for retirement. In this post, I will list the best places you can open your
Suze Orman once said that if you go to Starbucks every day, you’re wasting a million dollars. Yeah, she said that. Coffee could cost you a million dollars over the long run. Seriously. “You are peeing $1 million down the drain as you are drinking that coffee,” she said. Well there you have it. Anot
That one day when you can finally retire. Sounds pretty nice, doesn’t it? But how much money do you need to get there? I can tell you one thing: it’s a lot. It’s probably more than you realize. So if you haven’t already, start saving now. As for an exact number to shoot for? Well, it depends on a
After I graduated college a few years ago, the “real world” awaited. There were many things I knew I had to do to prepare. Learn how to cook. How to sew a button. How to get out of bed before 9 am. Those were a few. But another one was how to create a budget. And I barely knew where to start.
An IRA, or Individual Retirement Account, is a tax-advantaged account that helps you save for retirement. Saving for retirement is crucial no matter how young you are. So if you're wondering how to get started with an IRA, you've come to the right place. Here I outline four key steps to opening an I
Refinancing your mortgage means replacing your existing mortgage with a new one. Your new mortgage pays off the original loan, and then you are responsible for paying off the new one. But when is this actually a good idea, and worth the extra effort and cost? Reasons to Consider Refinancing There
When you hear people talk about retirement, you’ll often hear about two different investment vehicles: an IRA and a 401k. But there’s another big one that is often overlooked: a Health Savings Account. Here I will define an HSA and its eligibility requirements, discuss its advantages and disadvant
Checking Account What is a checking account? A checking account is a bank account used for everyday spending. It’s the account where your money is most often flowing in and out. There are usually no limits on the number of transactions per month in a checking account. You can access your money by w
Are you planning to buy a house? Maybe that day is soon. Or maybe it's many years down the road. But it's never too early to start thinking about your options for financing a home. Chances are you're going to take out a mortgage. And you’ll pay the mortgage over a fixed time period. Usually th
Invest your money. You've probably heard that before. But what is the buzz all about? And how do you even get started? Welcome to Investing 101. In this post I will cover What is investing? Investing key terms Types of accounts How to begin investing Five rules to follow Investing is about making yo
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