6 Ways To Get Your Partner On Board With Personal Finance

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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 . . . → 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

3 Ways to Protect Yourself and Your Finances After a Traffic Accident

right time for car loan refinancing

Protect yourself and your finances in the case of an accident. Accidents happen all the time. It’s life’s way of telling us that sometimes, we can’t always expect the best from everything it throws at us. An accident can deal a serious blow, not only to our bodies, but our finances. This is not to say we shouldn’t do anything about it because there are ways to protect yourself. Coming out on the other side just takes determination and planning.

3 Ways to Protect Yourself and Your Finances After a Traffic Accident

In the US, traffic collisions have cost around $6.3 million from recorded fatalities, injuries, and property damages in 2015 alone. The National Highway Traffic Safety Administration, using its own estimates, found that road accidents have cost almost $1 trillion in losses productivity in 2010. As the US is a country with a high person-to-vehicle ratio, it’s no wonder . . . → Read More: 3 Ways to Protect Yourself and Your Finances After a Traffic Accident

Why (and How) Every Family Should Learn to Live on One Income

live on one income

Money is an important part of our lives because of the opportunities and possibilities that it presents. Learning to live on one income can have a huge impact on you and your family – more so than many will ever realize.

Reduced stress, more flexibility, better use of your money, and possibly even early retirement!

…These are all potential benefits when you learn to live on one income.

In today’s society most families live on two incomes. However, there are significant benefits to reducing your dependency to just one of those incomes. This article isn’t about why your family should give up one income, instead, this article is about living expenses and flexibility. Regardless of whether your family is a one-income or two-income family, using only one of the incomes to cover living expenses can be a great move.

Why (and How) Every Family Should Learn to Live on . . . → Read More: Why (and How) Every Family Should Learn to Live on One Income

Long Commute or an Expensive House? Which One Should We Choose?

long commute or an expensive house

Is your job located in an expensive area? Are you faced with either a long commute or an expensive house near your work? I never thought I’d be faced with this decision since my wife and I live in a fairly low-cost area. BUT, now that we’re looking at homes with acreage, the options seem to be quite limited in our desired location near work. AND, for the few houses that ARE on the market, they’re typically in the $400,000 range…when our budget is more like $275,000-$300,000.

Just recently, we spotted a house that has 5 acres, a perfect set-up for horses, and plenty of room for our family!

The price tag? $275,000!

But…it’s located 25 minutes north of where we really want to be… What should we do??

Long Commute or an Expensive House?

So what are the true pros and cons of a decision like this? Will we . . . → Read More: Long Commute or an Expensive House? Which One Should We Choose?

The Cost of Owning Cats Versus Dogs

cost of owning cats versus dogs

Getting a pet can be a life-changing and exciting decision. The cost of owning cats versus dogs can be an expensive one. In addition to love and affection, your pet will need food, supplies and regular healthcare. All of these costs can stack up, making pet ownership a financial decision with lasting impacts.

The Cost of Owning Cats Versus Dogs

In most cases, the joy of owning a pet can be worth it in the long run. However, it’s still important to understand how much pet ownership costs. This can help you be sure you can give your animals the care that they need. If you don’t already have your heart set on a particular furry friend, start comparing costs. Consider the costs of owning cats versus dogs before welcoming one or more of them into your home.

Cats vs. Dogs

The cost of pet ownership varies according to many . . . → Read More: The Cost of Owning Cats Versus Dogs

July and August 2018 Blog Income Reports

july and august blog income reports

Believe it or not, I started this blog back in 2010, which means I’ve kept this thing going for over 8 years now! Sheesh! That’s crazy! You might think that by now I’ve covered everything that can possibly be written about in the area of personal finance, but as I continue to learn and grow – both in my exploration of finance and my journey through life (marriage, divorce, marriage, and now kids!) – I realize that I have really just scratched the surface of what personal finance is all about.

I blog for three reasons: I love to help others – You know what’s really fun? When someone sends you an email saying, “You totally changed my life! Thank you so much for your blog and your free tools. I wouldn’t be where I am today if you didn’t do what you do.” This really never gets old. Helping . . . → Read More: July and August 2018 Blog Income Reports