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This is a guest post from Jessica. She is a Registered Dietitian and shares practical, useful tips on food, fitness, and finance. Be sure to subscribe to her blog, Budget For Health.
I do the grocery shopping in our home so over time I’ve learned what a good price is for the items we regularly purchase. If you’re not much of a coupon clipper (ahem, me!) I’ve got an alternate option . . . → Read More: Check Unit Prices For The Best Deals
Have you ever heard of the term, “delayed gratification“? The term may sound a bit intimidating at first, but it is truly not a difficult phrase to understand. Simply put, it basically means that you avoid splurging today so that you can reap an even larger reward in the future.
The Marshmallow Test
Back in the late 1950′s, children (ages 4 to 6) were tested to see which of them could delay their gratification. Here is how the test went:
One child entered a closed room with a table and no other distractions. The adult that . . . → Read More: What is Delayed Gratification and How Important Is It?
Going back to school certainly wasn’t easy. When I first started, I had just stepped into a new job and my personal life was being turned upside-down. But, from August, 2012 until just yesterday, April 19, 2014, I worked my butt off and am now set to graduate with honors (the commencement is this coming Saturday)!
The MBA Experience
If someone that was young in their career would ask me if an MBA was worth it, I would tell them absolutely. In my grad school experience I met so many talented young professionals like myself and learned so . . . → Read More: Derek Sall, MBA
Have you ever thought about investing in gold? Many of us realize that if the stock market tanks again (which will most likely happen in 2016) then gold prices will continue to increase in value. So, the question of many is, “Should I invest by purchasing an actual gold bar or by purchasing gold within the market?” If I were asked this question, I would recommend that someone buy actual gold, however, the entire question is actually irrelevant. Not only should you not invest in gold, but you shouldn’t buy silver or nickel or any other precious metal . . . → Read More: Why The Wealthy Don’t Care About Gold
Here’s the dilemma that many people face: On one hand, you’re trying to save money. So you research “how to save” and you find all types of advice, ranging from making your own soap or roasting your own coffee beans. On the other hand, you’re time-crunched, and you’re not spending enough time with your family.
What should you do?
There’s no right or wrong answer, but let’s examine this topic a little more deeply.
#1: When the Two Choices Cost the Same
Twice a week, while you’re on your way home from work, you run errands. You go to . . . → Read More: Choosing the More Expensive Option
You might be a bit confused right now because you know that I am a big promoter of using cash vs. your credit card. With cash you spend less (because it’s more painful to hand over cash instead of plastic) and you will never be able to spend more than you have in the bank. So yes, this is true, but I think it’s time for us to take this to the next level.
Rich People Delay Their Gratification
Have you ever heard of the term, “delayed gratification”? This basically means that you don’t buy something just because . . . → Read More: Stop Spending Your Cash
Have you ever thought about what the perfect income would be for you per year? Would it be $40,000? $100,000? $500,000? How much money do you think you would need to be happy? Believe it or not, there was a survey performed on this very topic. Gallup did some research and gauged day to day happiness based on yearly salaries. Obviously, a family income of $30,000 did not offer too much in the way of happiness. From this point, the higher the income, the higher the day-to-day happiness. It only made sense.
However, at some point the income . . . → Read More: The Perfect Income Amount For Happiness
Earning a college degree often leads to better lifelong earning potential. Although the numbers vary according to the industry and the university, the Census Bureau’s Survey of Income and Program Participation (SIPP) shows that students earning bachelor’s degrees had incomes that increased 13 percent between 1984 and 2009. Students with graduate degrees reported earnings increases of 23 percent. Earnings for workers with no degrees declined during the same 15-year period. Getting a degree, especially a graduate degree, is associated with a measurable economic payoff.
Someone who wants a career in the corporate world has multiple degree options. An . . . → Read More: MBA, CPA, or CRISC – Which Letters Should Come After Your Name?
Do you ever wonder, “Why does it always seem like I don’t have any money?” Many people believe it’s because they don’t have enough money coming in, but this is hardly ever the case (and in fact, did not make my top 13). Nope, there are many other reasons why you’re always broke and all of them have to do with either your actions or your mentality. It’s as simple as that.
#1. You’re always broke because you aren’t putting money away first
Many people choose to pay their bills, buy a few fun things, and then think . . . → Read More: 14 Reasons Why You’re Always Broke
As a new mom, part of me is dreading the accumulation of stuff that comes with having kids. We currently live in a two bedroom condo that doesn’t have much of room for storage. Ideally, my husband would love if all of her toys fit in our coffee table/ottoman. We were thankful to get all the baby necessities as gifts from our registry and managed to only spend $150 of our own money to prepare for Nora’s arrival. Now I feel our new challenge is to think of kind ways to tell people we don’t need more stuff!
. . . → Read More: Gift Ideas NOT From a Store