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Credit cards offer reward points and they can boost your credit score if you pay the bills on time, so why would I say that a credit card is a bad idea? Well, to put it simply, these two positives don’t offset the seven negatives.
7 Reasons a Credit Card is a Bad Idea
Really? There are seven cons to owning and using a credit card? That’s right, and these are seven . . . → Read More: 7 Reasons a Credit Card is a Bad Idea
Liz and I heard all the horror stories from 30-somethings that had trying to get pregnant recently – “If you want a family, you might want to start trying soon. It took us 2 years to get pregnant.” Others told us it would probably take a solid 6 months. Well, they were all dead wrong. It it took approximately 2 minutes…. Baby #1 is on the way!! Liz and I are very excited, but have so much to do and think about before the baby arrives in May! Here’s the running list so far.
1) Finish Painting the House
We’ve . . . → Read More: Baby #1 Here We Come!!
How much money do you spend on gasoline each month? Most of us don’t even know, and we therefore also have no idea if we’re using gas excessively. I think that every single one of us can find smart ways to save money on gas by implementing just a few of the tips below:
1) Buy a Fuel Efficient Car
This one is kind of a no-brainer. If you want to get better gas mileage than your current 20 mpg, then why not just buy a different car that gets an average of 30 mpg? Sounds simple, but it’s not . . . → Read More: 21 Smart Ways to Save Money on Gas
Do you have a jar of pasta sauce tucked way back on your pantry shelf? Is there a bag half full of dried beans that hasn’t been used in months? Are there items in your freezer or pantry that have been there forever and you just haven’t bothered to use? Everyone has to eat so grocery shopping is something we can all relate to. However, some of us hate to admit that we probably spend more on groceries than we need to. Let me propose a no spending challenge to you: For one week, do not spend any money on . . . → Read More: No Spending Challenge!
I calculated it yesterday. Liz and I live on just 30% of our take-home pay. Before you go all crazy and start coming up with all the reasons why you can’t possibly do that, let me explain to you the simple steps that we took to get here:
We saved up an emergency fund early We paid off all our consumer debt We drive cheap, but reliable cars We have fun, but do it purposefully on a budget We bought a modest home and paid off the mortgage ASAP We worked hard at our careers and earn a healthy income . . . → Read More: 8 Benefits of Extreme Frugality
I distinctly remember sitting down with my mother on the day I started my first job, and listening to her explain the importance of filling out the retirement plan packet that was just seconds away from being thrown in the nearest trashcan.
As a sixteen year old with an affinity for video games and basketball shoes, I couldn’t think far enough down the road to understand why a portion of my $4.75/hr. paycheck needed to go into an account that I couldn’t touch until I was my grandparents’ age. On top of that, I had car and insurance payments that . . . → Read More: Stop Retirement Contributions to Aggressively Pay Down Debt?
There comes a time when you need to shop for a checking account. It may be your first; it may be your fourth. Understand… there is a correct process to getting a good checking account. What most people do is walk out of their house, drive to the nearest bank and proclaim, “Hi, I’d like a checking account.” That’s silly. Something as important as a checking account (where you keep your spending money!) deserves time spent researching. After all, don’t you want a FANTASTIC checking account? Yes! Then find one with a signup bonus, tons of free ATMs, brilliant customer . . . → Read More: How to Shop for a Checking Account
I try to make it a common practice to head to the library once in a while. I always enjoy learning new things, plus I’m cheap; the library is a great place to feed these two passions!
Naturally, I gravitated toward the investment/money section (as I always do…) and looked over the titles, attempting to grasp some inspiration that would further develop my knowledge of the topic. I saw all the common names: Suze Orman, Robert Kiyosaki, Donald Trump, and of course, Warren Buffett. Today was a Buffett day. The book of choice: “The Warren Buffett Way“, by Robert Hagstrom.
. . . → Read More: Investing the Warren Buffett Way