Sharing insights since 2007 on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom!
When I first became interested in personal finance, I felt as though I was learning a new language. I started learning new terms related to budgeting, saving, paying off debt, and investing.
I learned the difference between the snowball and avalanche methods for debt repayment, I became educated on the various complexities, terms, and abbreviations that come along with investing, and have at least two or three methods of budgeting under my belt (my favorite is the zero-sum budget, which gives every dollar a job).
A few months after I started my unofficial education, I started seeing another foreign term being thrown around: FIRE.
Have you ever wondered about this but don’t know how to go about it? Here is some help that the folks at GoBankingRates help put together. The first chart assumes that you will be withdrawing $100,000 every year in today’s dollars, and that inflation will be 2.5% (that’s why the later you retire, the more you actually need because if you wait till next year to start withdrawing, you will need $102,500 to have the same purchasing power).
Everyone seems strapped for time these days. And a lot of us are also strapped for cash. With so many responsibilities to manage, it can be hard to find time to make budget cuts and save money.
If you’re running low on time and money, you’ll definitely want to check out these tips that you can implement in five minutes or less.
Aside from the major hiccup the economy faced during the COVID-19 pandemic, the economy has been on a steady upward trajectory ever since years ago when we were talking about extending the Bush-era tax cuts. In case you don’t remember, we did end up keeping those cuts in place permanently for any individual making less than $400,000 per year, and for couples earning less than $450,000. Nowadays, those fortunate few who make more than that amount are paying a marginal rate of 35%.
But like I said, it’s been years since we passed the extension into law and I still don’t personally know anyone bringing home $400,000 per year. So who is actually paying that top tax rate these days? I decided to find out what kind of jobs command such high salaries: [ continue reading… ]
We know that public education today is short on the subject of financial literacy, so unless parents are teaching kids about finances, many youngsters are finding out about good financial decisions the hard way — through making mistakes. I just turned 30, and I wish I had done quite a few things differently. The following are 7 financial moves to make in your 20s that I wish I had made. If you want to increase the chances of prosperity down the road, do it, and remember to teach your kids: [ continue reading… ]
Sooner or later, even if you start out with hand me downs from your family, you are going to want to buy some of your own furniture.
The first thing you must do when saving money on furniture is to determine what you actually need. There is no need to buy a sofa if a love seat will do, and frankly, most people never use a coffee table, so don’t get one if you have no use for it.
Also, remember that there is no rule stating that you have to purchase matching pieces; eclectic is in. [ continue reading… ]
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