I think it was the Quaker Oats guy who famously declared that a penny saved is a penny earned. However, because of taxes, a penny saved is actually worth more than a penny earned. To illustrate, if you happen to be in the 10% tax bracket, every taxed dollar you earn is worth only $0.90; tack on FICA, state and other taxes and it’s worth even less.
Continue reading 100 Words On: Why a Penny Saved Is More Than a Penny Earned
I’m not a plumber. In fact, I’m not very handy around the house at all.
If I can’t fix something with a hammer or screwdriver I prefer to pay somebody else to do the work. That’s why I decided to get a professional to reroute and install new plumbing hardware during our kitchen remodel.
Of course, we needed estimates. After making a few calls to local plumbers, the Honeybee presented me with
Continue reading How to Find A Low-Priced Plumber That Won’t Rip You Off
It may seem hard to believe at times, but the 44 Americans who have had the good fortune to be called “Mr. President” are really no different than the rest of us.
Oh sure, sitting US presidents may be considered the most powerful men in the free world, but at the end of the day they still put their pants on one leg at a time. Yes, some were financially successful
Continue reading 18 Personal Finance Facts You Didn’t Know About US Presidents
The other day I was talking to somebody (who, um, shall remain nameless) who was lamenting the fact that he couldn’t find enough discretionary income for an annual family vacation.
I found that fascinating considering Eddie (oops!) drives a brand new BMW and lives with his family of four in a modest Southern California neighborhood.
Of course, life is all about choices.
Eddie — oops, I did it again — may be upset
Continue reading The 4 Biggest Ways to Stretch Your Income
My son, Matthew, is quickly approaching his 16th birthday and so I’ve been giving him a few driving tutorials.
I haven’t let him get behind the wheel just yet — that’s on next month’s agenda — but it’s gotten to the point now where every time Matthew and I are in the car together, I take a few moments to pass along a tip or two regarding the rules of the
Continue reading The Unconventional Wisdom of Household Strategic Planning
Recently the Honeybee alerted me to the fact that our hot water heater was making popping and cracking sounds that she had never heard before.
This got me a bit worried because the heater was 12-years-old and I knew it was on its last legs. When a water heater dies it’s not a pretty sight.
Trust me when I say it is always better to put an old heater out to pasture
Continue reading Dear Diary: How I Fixed My Water Heater Without a Plumber and Saved $400
Food isn’t cheap.
Want proof? Then chew on this: I spent almost $12,000 in groceries last year for my four-person family, including two teenagers.
And what’s really scary is that I work very hard to keep my food bill as low as possible every year. I shudder to think how much more I’d expend on groceries every year if I didn’t try to control costs.
There are many methods for cutting your grocery
Continue reading Essential Tips for Lowering Your Grocery Bill (Part 2)
Financial freedom can be a difficult term to define, but at a very basic level it simply means controlling your own finances entirely.
In order to gain financial freedom, you have to be free of debt, able to provide for yourself, and able to prepare for your future. However, achieving those goals is often easier said than done — particularly in times of economic hardship such as those that much of
Continue reading 6 Basic Steps to Help You Achieve Financial Freedom
Let’s face it, the more choices we have in life, the richer and more rewarding it becomes.
Fortunately, I’m currently in that coveted sweet spot where I can do pretty much whatever the heck I please, whenever I want.
Don’t get me wrong. I’m not in a position to buy whatever I want, but I am able to take advantage of a lot of opportunities in life that are typically out of
Continue reading No, I’m NOT Rich. But I Am Financially Free. Here’s How I Got There.
As this penny illustrates, even the United States Mint occasionally makes money mistakes.
I’m not ashamed to admit I’ve made more than a few mistakes in my lifetime. After all, everybody screws up occasionally; for us humans, mistakes come with the territory.
For example, I remember the time I decided it would be great fun to play Wii golf for eight consecutive hours. So I did.
Unfortunately for me, my middle-aged left
Continue reading The 50 Biggest Money Mistakes Household CEOs Make