Sharing insights since 2007 on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom!
Used car shopping can be intimidating. After all, a car has about 30,000 parts. Making sure they are all in good working order is no small feat, but this post will tell you how to pick the gems from the lemons.
Understand Your Needs
Understand your needs before you hit the used car lots. This way no salesperson can talk you into a sports car when you really need a minivan. To understand your needs, think of what currently irks you about your current car. Is it too small? Is the ride harsher than would be ideal? It’s also helpful to think years into the future. If you are planning on getting a dog or buying a house – what kind of vehicle will you want then? How reliable will the car be as you put more miles on it?
I find the best approach is to discover exactly what car you want before you visit car lots. Look online first. A mistake people often make is buying a car simply because it seemed alright. A vehicle is a decision you’ll have to live with for a long time. Make sure you get what you really want. [ continue reading… ]
Unless you’ve been living under a rock, the stock market has been roaring higher in the last few months. The move’s been so violent that some of my friends are actually talking about how much money they’ve made recently, forgetting that it’s only been a few months since the dark days when everything seemed to be falling off a cliff.
On the other hand, some of us are extremely worried right now because it seems like the economy is about to collapse and the stock market prices with it. Sure, it’s safe to say that the stock market as a whole offers positive returns over the long run.
But if you have invested money you need in the near future into the market, then now is the time to think about slowly transferring it to safer investments. The reason has nothing to do with whether the market will go up or down in the near future but rather the fact that no one can predict what stock values will do in the short term. [ continue reading… ]
I read an article recently that centered around statistics that indicate Millennials (the generation born between roughly 1980 and 2000) are waiting longer to have children.
One of the main reasons they give for waiting is their financial situation. Or more specifically, how much debt they’re in or how much money they want to save.
More than any previous generation, Millennials are ladened with thousands of dollars in student loan debt and less initial wealth when they become independent.
The plan to wait at least a few years after graduating college to pay off loans, and settle into a career before having children makes sense financially. But does it really make a difference?
Before making the decision to wait to have kids until you can afford them, make sure you understand the entire situation. Here are a few pros and cons.
You may be tempted to believe that all your problems would go away if only you’ve saved a ton for retirement, but those fortunate enough to have more will tell you that money doesn’t solve all their problems. Still, having money is better than not having enough, if simply for the fact that there’s now one less problem to worry about.
Recently, I had a reader asked me what she could do because she’s saved too much for retirement. She’s in her mid 50s and she and her husband amassed a $3.5 million dollar nest egg through diligent saving and consistent investing. She doesn’t feel like she’s deprived herself through the years, but one of her good friends recently made her question life a little bit when the friend told her that she’s just saving too much and not living enough.
Ignore the retirement figures for a second because you can feel this way no matter how much you’ve saved. If you are in a similar boat – saving too much and not enjoying life at all, then these 11 things I told her she could do will help you too.
1. Figure out if you are miserable because you save so much or you are saving simply because you are already comfortable and you just happen to have a ton of cash left over every month. This is key. Are you depriving yourself because you are putting everything toward a lifestyle in the future? Or are you living the life exactly as you want it now but simply have a high income? It’s almost impossible to save too much for retirement because you can always blow through any amount if you really choose to, but you should be making changes if you are saving every penny and feeling miserable. [ continue reading… ]
Few of us get married thinking it will end in divorce. In fact, most of us expect to remain married for life. Unfortunately, though, there are times when it doesn’t work out and divorce becomes the most viable option.
The emotional aspects of divorce are well-known, and there are a number of relationship issues that need to be worked through, especially if children are involved. What isn’t planned for, in many cases, is the financial toll a legal separation can take.
When you’re going through a divorce, there are a few things that seem self-evident. You know you might have to divide your assets and debt, and you should look into getting rid of your joint accounts. You may even have thought about the cost related to hiring lawyers to help represent you.
However, there are some other financial issues you could be forgetting about. It seems unfair to need to think of these money issues when your life is already turned upside down, but they are important issues to consider.
Here are seven financial issues that you might be neglecting as you go through the divorce process. [ continue reading… ]
You can’t always control how much money you make, or how big of a year end bonus you’ll get. But when it comes to your everyday finances, there’s actually a lot you can do to save more.
One of the most frequent questions we hear is, “How much should I be saving every month?” And while there’s no one-size-fits-all answer, you know that you’re saving enough when it hurts a little bit. Maybe you have to skip out on that end-of-the-year trip with your friends, or maybe you decide you’re not going to buy drinks for strangers every weekend at the bars like you used to.
Whatever solution you come up with, keep in mind that the little things will eventually start to add up. Saving money is tough — and when you have established spending routines, it’s hard to break those cycles. But know that while you can’t always control how much money you make, you can control how much money you spend.
Most people tend to think of millionaires as people that spend a ton of money, live lavishly, and drive nice cars. But more often than not, the true millionaires — the ones with assets greater than a million dollars — are the guys living next door to you who drive 15-year-old cars. Or the small business owner down the street, who’s lived in the same house for 20 years.
If your goal is to become a “true millionaire” someday, then you should make it a priority to emulate the spending habits of these people.
With that as our goal, we’ve come up with 50 ways to save money on things you thought you could never save money on. [ continue reading… ]
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Used car shopping can be intimidating. After all, a car has about 30,000 parts. Making sure they are all in good working order is no small feat, but this post will tell you how to pick the gems from the lemons.
