Sharing insights since 2007 on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom!
I was talking with a friend about a few ways that he could start earning some more money the other day, and he said something that absolutely stopped me in my tracks: he told me that he didn’t want to earn too much money because it would bump him into the next tax bracket. He was absolutely adamant that he didn’t want to be paying more in taxes.
But, in my mind, a higher tax bracket is a good thing. It’s not something to be avoided. Don’t get me wrong: I’m not quite crazy enough to go out of my way to pay extra taxes, but higher tax brackets are beneficial to your bottom line. Here are five reasons for that simple fact. [ continue reading… ]
One of the best things you can do if you want to build wealth over time is to invest. Thanks to the power of compound interest, investing offers one of the most effective ways to grow your nest egg and prepare for financial freedom down the road.
Unfortunately, there is a good chance right now that you believe some of the myths circulating about investing. And since it’s easy to get bogged down with misinformation and do nothing to build your finances for the future, I want to talk to you about four of these investing myths so you can stop believing them now. [ continue reading… ]
Credit card debt is the worst. The super high interest rates make paying the debt off seem to take forever. When I got my first credit card, it took me more than a year to pay back the $1,500 I’d racked up.
Luckily, it’s extremely difficult but not impossible. I eventually dug myself out of a hole, and you can, too. This is true no matter the amount of debt you’re in. There are a few strategies that can help you pay down your credit card debt faster. But before we get to those, I need you to do one thing. [ continue reading… ]
One of the things that many of us aspire to be is, surprisingly, average. We want to have the same things that those around us have. (Or at least, have the same things we think those around us have.) This is natural. We all like to feel as though we belong.
However, it’s not always best to be average — especially when it comes to money.
After all, do you really want to spend money on something just because someone else is? Do you really want to buy something just to maintain appearances?
Average = Debt
Even though the pandemic bumped up the savings rate and reduced the debt levels for many people, there’s still quite a bit of debt out there. On average, the American household has tens of thousands of dollars in credit card debt.
The average American borrows to pay for college, to buy a car, and to buy a home (not to mention borrowing for other things, like furniture, vacations, and weddings). [ continue reading… ]
None of us like to think about our own or our loved ones’ mortality, but ignoring that eventuality will not make a stressful situation any easier. When a family member dies, it’s important for you to know what responsibilities you might be facing.
Here’s a breakdown of what you can expect if a family member dies and leaves debts behind:
A few months ago, a group of my husband’s online gaming friends mentioned they’re planning to take an Alaskan cruise next spring or fall, and invited us to join. While we’ve mentioned the idea of taking a cruise some time in the future, this conversation put the decision, place, and time right at our doorstep.
After some thought, we decided… why not? We have almost a year to save for it and plan the details, and if we don’t go now—while we’re still without children—it might be a long time coming.
But then came the fun part: how are we going to finance it? Since we don’t own credit cards, and don’t want to finance anything, we plan to pay for it all out-of-pocket.
We don’t immediately have the funds for this kind of expenditure, especially considering the required round trip plane tickets and likely hotel costs, too. But we do have a solid history of being able to save for large expenses in the past, so I know we can do it again.
Free signup to get a free ebook on How to Save Money on Everything! Constantly expanding, it will be the biggest money saving ebook available, and it's FREE! →
(I hate spam and promise that your information will never be shared.)
