Sharing insights since 2007 on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom!
We’ve all heard the saying “money can’t buy happiness.” While most of us would agree that contentment isn’t tied to how much money or stuff we have, a recent study from the Proceedings of the National Academy of Sciences identified an exception to this principle: when money buys us time.
After surveying 6,000 participants in the U.S., Canada, Denmark, and The Netherlands, the researchers found that people who spent money on time-saving services like housecleaning or transportation, versus other things, reported greater overall happiness.
An explanation for this starts with the stress created by modern life. To those of us with demanding careers or lifestyles, obligations like household chores and errands we don’t enjoy build stress and tension — especially when doing them ourselves leaves us with little time left over. That’s why every little bit of time we can spend relaxing or doing tasks we enjoy alleviates some of that stress and ultimately leaves us happier.
So, to summarize, money can buy time; and, when we have more time, we’re happier. [ continue reading… ]
Have you ever seen people who have financial freedom and thought to yourself, “I want to be able to live like that, too”? For most of us, the mental picture of financial freedom looks like someone who spends what they want when they want to, without concern about whether they will be able to afford it.
While having more than enough income and control of your expenses are definitely worthy financial goals, how do you define the point at which you’ve “achieved financial freedom”?
Are you chasing after an elusive dollar amount in your bank account, online savings account, investments, or retirement fund? What does financial freedom look like for you? [ continue reading… ]
Typical Easter activities for kids include egg coloring, egg hunts, Easter Sunday services followed by family meals, and — the highlight of many children’s day — Easter basket goodies. There are certainly ways to save money on these prizes (statistics estimate the average American household will spend about $146 on Easter this year!), but regardless of how much you spend, Easter baskets provide a prime opportunity to reinforce a few important financial lessons with your kids. Consider how you can incorporate these three Easter basket lessons this Easter Sunday. [ continue reading… ]
Breast milk is without question best for your baby and for your budget, but there are cases where formula is needed. And it can be costly. Feeding your baby formula for the first year of their life can cost up to $1,000 – yikes! Here are a few ways to save money on this hefty expense.
Free Samples
Many states are passing laws to ban hospitals from giving out free samples of formula. However, it doesn’t hurt to ask your doctor or nurse for samples. Also, when you sign up for a formula company’s product, they will often times send you a free sample kit. It can be hard to know which formula your baby will prefer, so it is a good idea to sign up for several brands to test them out.
Formula Checks
Formula companies also give out formula checks that can be used as cash to buy formula, which can be combined with manufacturer coupons and store coupons. When my first daughter was on Similac, I tried to always combine a formula check with a Target coupon/Cartwheel (if applicable) and a Target gift card deal. My sister-in-law and I both had babies at the same time, but our babies like different formulas, so we were able to trade formula checks. Some retailers will check the name, but I have never had that happen. I also will sign myself and my husband up to receive the checks. [ continue reading… ]
We here at MoneyNing.com recommend low cost index funds for the individual investor. Sometimes we write out a good argument, and sometimes we simply state it as fact. This article illustrates what happened with one of our reader’s investment portfolio so you can judge for yourselves whether low cost index funds is for you.
MoneyNing,
I am on the west coast and the US stock market is already open when I get to the office. Sometimes I check the performance of my stocks, and other times I do not (actually, I check it all the time). When I did check stock prices this morning, I noticed that the money in my taxable account went down by 12%. I looked into the details and realized what happened. One of my stocks just reported earnings and the stock went down 20%. Since I had a ton of money in this stock, I was hurt badly. Really bad. Panicking, I sold every share I owned in the stock. I sold my holdings in Apple too because I was afraid Apple was going to down after it reports later that day. I’m really pissed off right now because I checked after hours and Apple is up more than 10% since I sold it. I realized I was being dumb and really want to see if you can recommend some low-cost index funds for me to own since I am clearly not cut out for stock picking.
As I’m walking around my home I can tell it’s early summertime. Between the natural deposits from the muddy shoes of a Midwest spring, having over a hundred people walking through my home for a party over Memorial Day weekend, and just life with two teenagers, and two cats, there are many visible spots in our carpets.
Every spring and fall I make an assessment of our carpets and plan to have them shampooed and cleaned. I choose from three different options and always compare them for the best price and service.
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