Sharing insights since 2007 on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom!
Earlier this year, my husband received an unusual letter from his credit card company. He had not used his card in two years, and the bank alerted him that he had two months to make a purchase on the card, or else it would be cancelled.
This particular card, which he’s carried for over 15 years, has gotten dusty because we share a Upromise reward credit card that we use for all of our spending. We pay that card off monthly, and have no other need for credit.
At first I thought there was no need to keep an unused card around. We didn’t need it, and it was just one more thing to keep track of. But when I looked into the consequences of losing such a long-term piece of my husband’s credit history, I realized that keeping the account open was the smart thing to do.
Here’s what you need to know about canceling your unused credit cards and how it can affect your credit score.
Many of us try to think of ways to make extra income anytime we are aiming to reach a financial goal. There are so many ways to ‘side hustle’ online these days, from freelance writing to selling used items. Earning more on top of your full time salary is entirely possible, but it’s only one small piece of your financial puzzle.
Reaching your financial goals isn’t only about making more money. It’s also about spending your existing income more wisely. And just bringing your coffee to work every day may not cut it either. Having optimal financial health can sometimes require larger lifestyle changes. Consider these four impactful life changes that can help improve your finances: [ continue reading… ]
Let’s face it – financial status or habits rarely determine who you’d ask out (or who to accept) on a date. But should you continue onto the second date if the potential partner is a spendrift? There will be many clues about a person’s financial situation and how they handle money as early as the first date. Your reaction to these clues will depend on your financial beliefs and habits, but early consideration of what they might imply will help you determine if a date is financially compatible before you get entangled in a relationship. How you react to the following financial clues could determine your financial future, so pay attention. [ continue reading… ]
Everywhere you turn, there are ads for products that claim to make you smarter, thinner, or happier.
To say it’s challenging to avoid going into debt for material items is a bit of an understatement.
However, if you can successfully avoid going into consumer debt or succumbing to hefty lifestyle inflation, you’ll find the benefits of having a low-cost lifestyle are huge. Here’s why: [ continue reading… ]
Survey after survey indicates that Americans aren’t saving enough for retirement. While retirement is one of the biggest fears that Americans have, they aren’t confident in their ability to enjoy life.
A Wells Fargo survey recently indicated that 22% of middle class Americans would rather die early than be unable to have a comfortable retirement. This is very alarming information!
Americans say that saving for retirement is harder than expected, and many think that they will be able save later, to make up for a lack of savings now. However, this could backfire in the future as many Baby Boomers are finding out right now.
So, what can you do if you want to have a comfortable retirement without breaking the bank? Joshua Kadish from RPG Life Transition Specialists offers three interesting tips for helping your retirement budget stretch a little further.
I’m constantly asked to describe how I budget my money. When I talk about my budget, though, I refer to it as my “no budget” budget plan, or just a spending plan. This is because I don’t budget my money in what we often think of as the traditional way. I don’t have a list of categories, and I don’t start out my month by giving each dollar a job.
So how do I manage my money if I don’t practice traditional budgeting? Here is a quick peek at how I create a “no budget” spending plan.
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