Should You Sell Your Car? 8 Reasons You Absolutely Should…

should you sell your car - mercedes

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Have you ever, at some point in your life, thought that you should probably sell your car?? Maybe you just hate it because it’s breaking down all the time, or maybe the payments are just too astronomical for you to afford each month. Whatever the case may be, the question of “Should you sell your car?” has been on your mind. It’s time to figure it out once and for all.

Should You Sell Your Car? 8 Reasons You Absolutely Should

There are seven reasons you should sell your car. If, when you read any one of these reasons and you start nodding your head in agreement, then you should absolutely sell your car. No cold feet, no second guessing, just sell . . . → Read More: Should You Sell Your Car? 8 Reasons You Absolutely Should…

10 Ways to Save Money on Sporting Equipment for Your Kids

save money on sporting equipment

A budget-conscious mom of two children, Jessica Samuels, encourages her kids to engage and compete in youth sports. However, that participation comes with a hefty price tag. She needs to look at ways to save money on sporting equipment.

Samuels’ children are on the swim, bowling, golf, softball and baseball teams. Between uniforms, shoes and other equipment, Samuels has to spend a small fortune on gear. One sport alone can cost hundreds. “When they signed up for baseball, they had to get a new uniform,” Samuels said. “That’s easily $100 to $150, and they outgrow them within a year.” But Samuels thinks the sacrifice is worth it. “It’s all about building an active lifestyle, developing a love of sports, being active and being a part of the community,” she said.

According to TD Ameritrade’s survey on parents and sports, 37 percent of survey respondents said they spend $500 . . . → Read More: 10 Ways to Save Money on Sporting Equipment for Your Kids

How Much Should You Invest in Your 401k?

how much should you invest in your 401k

“Sooo…how much should you invest in your 401k? 3%? 6%? 15%? More? What’s the best answer for me?” …asks random people at my work from time to time after they discover my blog… 😉

It’s hard enough to meet up with one person and instruct them on exactly how much they should invest into their 401k…and here I am trying to answer the question of the thousands of different people that will read this blog post… But you know what? I’m always up for a good challenge!! So let’s get to it!

How Much Should You Invest in Your 401k?

You might be thinking to yourself, “How much should I invest in your 401k….? Well, the more I invest, the better, right?”

Nope. Not necessarily. And that leads us into point #1…

1) You Should Invest Nothing When…

…You still have consumer debt

If you still have:

credit card . . . → Read More: How Much Should You Invest in Your 401k?

Cheap vs. Frugal and How Not To Be A Cheapskate

how not to be a cheapskate - money

Sometimes, people consider themselves frugal, when in reality they’re just cheap. If you’ve watched shows like Extreme Cheapskates or Extreme Couponers, you know the ones I’m talking about — they’ll go on and on about how they like to save money. They’ll do almost anything just to save a dollar or two. There is a huge difference in the terms cheap and frugal, but how can you tell which one you are? Here’s the difference, and how not to be a cheapskate if you find out you are one.

Cheap vs. Frugal & How Not To Be A Cheapskate

This post has been written by our talented staff writer, Kimberly Studdard.

What’s the Difference?

The biggest difference between being cheap and being frugal is that:

a frugal person likes to get the most value for their dollar, and a cheap person doesn’t see the value, just the dollar sign.

For . . . → Read More: Cheap vs. Frugal and How Not To Be A Cheapskate

How to Become Rich Even If You Are Poor Today

how to become rich

Want to know how to become rich? It’s not really all that difficult, but I wouldn’t say it’s easy either…especially if you’re poor today. BUT, if you first understand how you’re wired and how you tick, AND you can slowly move yourself from a broke mentality to a rich mentality, then the question of how to become rich can certainly be answered AND achieved! Again, it’s not easy…but it is possible, and I’m going to do my best to walk you through the steps that will get you there.

How to Become Rich Even If You’re Poor Today

I’ve spent quite a few hours counseling people that live below the poverty line (ie. under $25,100 for a family of four). I’m a little embarrassed to tell you this, but long before my days of counseling, I would have told you that poor people are just lazy and don’t want to . . . → Read More: How to Become Rich Even If You Are Poor Today

6 Ways To Get Your Partner On Board With Personal Finance

Did you know that many money arguments aren’t really about money at all? Instead, they’re mostly due to lack of communication and being on the same page. If you are on a personal finance journey with a significant other, it can be hard to convince them to join in if they aren’t used to the concept. Here’s how to get your partner on board with personal finance, without fighting.

6 Ways To Get Your Partner On Board With Personal Finance

This post was written by our staff writer, Kimberly Studdard.

1) Lead By Example

If your partner sees you…

being frugal, paying bills on time, and paying off debt

…they’re more likely to want to join in. It’s a classic monkey see monkey do, and it can be beneficial to you on your personal finance journey. Getting your partner on board with personal finance doesn’t have to be hard, . . . → Read More: 6 Ways To Get Your Partner On Board With Personal Finance

The Real Reason You Should Pay Off Your House (It’s Not Interest Rates)

pay off your house early

Is it wise to pay off your house? Most people would say, “no”… While I have always told you yes. But what are the reasons behind these answers? Does it actually make financial sense to pay the full term of a 15-year mortgage rather than trying to pay the debt off as quickly as possible?

The Real Reason You Should Pay Off Your House

Even after digging into all the numbers, I want to tell you up front that I’m still a firm believer that you should pay off your house early. It’s not as much of a slam-dunk as some hardcore traditionalists lead you to believe, but I still firmly believe it’s the best path to wealth.

Why am I bringing you this message like I’m fighting an up-hill battle?

It’s because I am.

The Interest Savings…It’s Not as Huge as it Sounds

You probably already know the main . . . → Read More: The Real Reason You Should Pay Off Your House (It’s Not Interest Rates)

How to Give a Million Dollars (Not Save…Give)

give a million dollars - money cash

There are literally thousands of articles out there titled, “How to Save a Million Dollars For Retirement”, and that’s great – we should all be millionaires in our retirement if we want to live well in our golden years. In this article though, I’m going to challenge you to think even bigger. What if, instead of just saving a million dollars in your nest egg, you could give a million dollars?

Related: How to Make a Million Dollars in 10 Years

How to Give a Million Dollars (Not Save…Give)

Think of all the good you that can be done when you give a million dollars away!

Through Samaritan’s Purse alone, you could: provide a month’s supply of lentils and sorghum to 28,571 starving African families, provide warm clothes and shoes to 40,000 refugees and disaster survivors, give the gift of water by funding the dig of 80 fresh water wells . . . → Read More: How to Give a Million Dollars (Not Save…Give)

10 Year-Round Ways to Reduce Your Utility Bill

reduce your energy bill

No matter if you live in a house or you’re renting an apartment, it’s still in your best interest to reduce your utility bill each month. In this article, we’ll certainly teach you how to save money on your home utilities, but many of these suggestions can be used in your apartment too! Then, your savings can be used to pay off debts, save for a vacation or maybe even increase the savings for your emergency fund.

Related: The Absolute Simplest Way to Become Wealthy

10 Year-Round Ways to Reduce Your Utility Bill

Study these strategies, implement them, and start saving some serious moolah!!

1. Paint Roof and Home Exterior White

If you have a home in a sunny climate, you can reduce the amount of energy needed for cooling the house by painting the house white. Make use of an elastomeric coating that is readily available in a hardware . . . → Read More: 10 Year-Round Ways to Reduce Your Utility Bill

4 Costly Mistakes to Avoid When Starting a Business

how small businesses can prosper

Are you ready to start a new business? Opening a business can be a very exciting time in your life. It can provide you with the financial freedom you have been seeking and allow you to be your own boss. However, beginning a new business can have its downfalls as well, especially if you make mistakes early on.

Related: 14 Cheap Business Ideas You Can Start Today

4 Costly Mistakes to Avoid When Starting a Business

Take note of these costly mistakes that you should avoid as they may hinder the successful operation of your business.

Diving in Head First

It’s important to remember to take your time in starting a new enterprise. As exciting as the prospect of beginning your own business can be, biting off more than you can chew can be detrimental to its success. Create a realistic plan and begin checking off the necessary steps in . . . → Read More: 4 Costly Mistakes to Avoid When Starting a Business