By Len Penzo
People often use the terms “rainy day fund” and “emergency savings” interchangeably when they are really two completely different forms of personal finance insurance. A rainy day fund is meant to help you weather short-term, relatively low-impact financial storms of less than $2000 such as a major car repair. On the other hand, an emergency savings account with three to six months of living expenses is designed for longer-term crises
Continue reading 100 Words On: Why You Need Emergency Savings AND a Rainy Day Fund
By Sabado Domingo
For many people, a credit card offers a flexible way to access funds when they’re needed. However, credit cards can do much more than this when they’re used properly – and can in fact end up saving you money in the long run.
Selecting the right credit card and knowing how to get the most out of it will end up leaving more cash in your wallet each month — and
Continue reading 5 Key Tips for Saving Money with a Credit Card
By Len Penzo
About a month ago I wrote a post detailing a recent supermarket misadventure where I had the misfortune of getting behind a nice lady who paid for her groceries with a giant bag of quarters.
I used that little episode to talk about about the benefits of Coinstar and why I have no problem paying their 9.8 percent fee. Needless to say, I was more than just a bit surprised when
Continue reading You Can Save Money Faster By Turbo-Charging Your Change Jar
By Len Penzo
When it comes to saving money, one of the biggest hurdles for most folks is the lack of cash available after paying all the bills at the end of the month. Fortunately, this seemingly impossible problem is easily fixed by paying yourself — instead of your creditors — first. One of the best ways to do this is via automatic paycheck deductions, such as those for 401(k) retirement plans.
The bottom
Continue reading 100 Words On: The Importance of Always Paying Yourself First
By Len Penzo
True, not everybody needs a budget to successfully manage their personal finances. People who have minimal debt, pay off their credit cards in full each month, and have little trouble saving can often get by without one. For most folks, however, a budget helps them track expenses, control spending, set aside cash for retirement and rainy days, and save for vacations and other big-ticket purchases.
The bottom line: A
Continue reading 100 Words On: Why Budgets Are So Important (for Most People)
By Guest
by Jane Sanders
Do you find yourself running into financial problems and falling into debt? Do you wish you could save more money but find that you have nothing left of your paycheck to save? Overspending can cause a lot of financial problems including consumer debt and a lack of retirement funds. If you can learn how to change your mindset from spending to savoring what you have, you can improve
Continue reading How to Save Money: It Starts with the Right Mindset
By Len Penzo
Is it just me, or do I come off at times as a real financial stick in the mud? Uh huh. That’s what I thought.
Look back at my archives and you’ll notice I’ve written plenty of articles about the importance of saving money and spending less than you earn. But when it comes to posts on spending money and having a good time, well, you have to look a little
Continue reading Drop the Guilt: How To Splurge Without Breaking the Bank
By Len Penzo
The main benefit of frugality and saving is that they are good habits that lay a strong personal finance foundation. That being said, being frugal definitely has its limits. Although scrimping and cutting corners can result in significant savings, at some point, it simply becomes impractical to cut anymore. Meanwhile, those trying to save their way to prosperity will sadly discover that it’s a painfully slow process.
The bottom line: Frugality has
Continue reading 100 Words On: Why Frugality Has Its Limits
By Len Penzo
Before the average American kid gets his high school diploma he or she will supposedly eat 1,500 peanut butter sandwiches.
Americans’ passion for peanut butter doesn’t stop after childhood though. Somewhat ironically, adults eat more peanut butter than kids. In fact, almost $800 million is spent each year on the sticky stuff, which makes it one of the most frequently purchased grocery store products.
Smooth vs. Chunky Peanut Butter
According to Skippy, 60
Continue reading My Peanut Butter Taste Test: What 8 Choosy Mothers Really Chose
By Len Penzo
I’ve written before about my insatiable addiction to iTunes; it’s one of the biggest money leaks I have to deal with on a monthly basis.
Believe it or not, some months I’ll spend upwards of $100 on iTunes songs for my iPod, although I’m trying my level best to rein in that nasty little habit. In the meantime, I do my best to find iTunes bargains wherever I can. Let’s face
Continue reading A Simple Trick to Get iTunes Songs at a Significant Discount
|
|
Disclaimer This site is for informational and entertainment purposes only, and the content herein should not be mistaken for professional financial advice. Ultimately, you and you alone are responsible for the decisions you make in life, so please contact an independent financial professional for advice regarding your particular situation.
|
Loading ...
via Email 