When it comes to bank accounts, there are lots of things that can be confusing. I’ve been asked a lot of questions about bank accounts over the years and thought it would be good to answer many of the most common questions here. What is the difference between a savings account and checking account? A … Read more
About 1 year, 8 months ago we published an article about installing a dimmer switch. Based on the math behind this article, we have now passed the break even point, and are now saving money on the enhancement. Saving Money Plan Often, I sit down and think of places I can save money. Sometimes I … Read more
Guest Post by Ed O’Brien There are many consumers searching for the ideal way to pay down their debt to have more financial freedom and improve their credit. While there are varied ways and methods for eliminating debt effectively, no one program will work for every consumer. The first step in effective debt relief is … Read more
When people hear that someone has money, we tend to think that they have a high paying job, they were born into money, they hit the lottery, or some other method of instant windfall. Rarely do we consider that the person might have just been responsible, and saved their money. I’m a huge fan of … Read more
Passive income is a popular subject in personal finance, and it is a goal of ours as well. If you’re unfamiliar with passive income, it is an income stream that you don’t have to actively earn. There are many forms of passive income such as: Dividends from stocks. Interest from CDs, bonds and other accounts. Residuals in … Read more
If you like what you read, then subscribe to our feed! Last time, we posted some self-reflection questions for you to think about. Now, we’re addressing the first question: do you have goals? I think that everyone has some sort of goal, but without explicitly defining the goals and organizing the plan of attack, I … Read more
It’s not only a neat rhyming phrase, it is a rule of thumb that you should consider employing if you aren’t already. Use that you can lose is simple in philosophy, but abundant in knowledge. The idea is that you should invest money with the understanding that you can and may lose it all. Another … Read more
In the world of retirement investing, there is one term you should get extremely familiar with: Roth. This is especially important if you are a young person. Right now, we will focus on Roth IRAs and the less common Roth 401K. Essentially, Roth accounts are funded by after-tax money rather than pre-tax, but we will … Read more
Update: Because of a high number of email requests, we are including some Amazon links to the switch we used (which is pictured to the right), and some other common types made by the same company. We’ve had a great experience with the toggle dimmer, the reviews look pretty good for the other two as … Read more
This is Part 2 of a 2 part series called “It’s Your Business!” Part 2 – It’s Your Business! In Part 1 we asked “If your personal finances were a business on the stock market, would people invest in it?” We outlined a couple of ways that you could reinvent your business to make it … Read more
This is Part 1 of a 2 part series called “It’s Your Business!” Part 1 – It’s Your Business If your personal finances were a business on a stock exchange, would people invest in you? Consider what people look for when they want to invest in companies. They want to see revenue, profit, low debt … Read more