Welcome to the best in finances & productivity for August, 2014.
I have been reading daily.
These are truly the best articles I have found on finances and productivity.
Enjoy the list and be sure to check out the rest of the articles on these blogs.
If it’s on the list, it’s a blog worth reading.
After you read through those, be sure to check out the blogs I nominated for the Liebster Award, as well as my answers to the questions I was asked.
Without further ado, here’s the list…
You’ve watched people dump ice cold water on their heads.
You may have accepted the challenge yourself.
If you’re like me, every time you saw yourself tagged in a post on Facebook, you thought you were getting called out to take the challenge.
One of those times I was right.
I just took the challenge, but I didn’t donate to ALS. I’ll tell you what I did and why in a moment.
First, here is what you need to know about ALS and the ice bucket challenge…
Looking for a mortgage?
One piece of advice you have surely gotten is an old standard:
shop around to find the best rate.
But going from bank to bank isn’t necessarily the optimal way of landing a winning deal on a mortgage.
Going to a mortgage broker is, in a way, like seeking the help of a wise and experienced guide.
Type “Why Co-Signing” into Google and you will quickly see the suggested searches start with things like:
“Why co-signing is bad”
“Why co-signing is a bad idea”
Have you ever co-signed for someone before?
Or have you ever had someone co-sign for you?
Let’s see why it’s so bad and what you can do instead of co-signing for a friend or family member…
Do you know the total credit card debt of the United States population?
793.1 billion dollars.
Now you know. And now you have a sick feeling in your stomach. At least, I do.
Does that mean credit cards are evil? Nope.
It just means people are
That’s the problem. Here’s how to fix it…
Do you invest in mutual funds?
They are a great way to diversify your money across a spectrum of companies and industries.
But what kind of funds should you be investing in?
There are actively managed funds and passively managed funds.
Which one is better?
The bottom line is this:
Which type of fund will earn you a greater return on your investment?
Let’s take a look…
If you want to be debt free, you need a strategy. A method.
The average US household has $54,000 in credit card debt.
You need a plan. You really do.
The good news is that you have more than one option.
There are several ways to get out of debt, but the two most used ways are called the debt snowball and the debt avalanche.
Let’s look at the differences and see what works best for you…
Do you play the lottery?
Everyone knows the odds of winning the lottery are unlikely, but exactly how unlikely?
First off, I am talking about the major lotteries here.
Namely, The Powerball and Mega Millions. Heard of them?
The odds are similar for winning both. Around 1 in 176,000,000.
Not too bad, right? Oh wait, yes it is.
In fact here are a total of 24 things that are more likely to happen than winning the lottery…
Remember when you were able to go months without spending any money at all?
It seems like it was somewhere in my childhood, but…it’s been a while.
We spend money. All the time. That’s life.
Why not make money while we spend? It’s very possible and here are 11 ways to prove it…
I am a huge fan of the envelope budgeting system.
I think it’s a great way to stay organized and keep your budget simple.
I have written several articles on budgeting.
I have even written on how to live without a budget.
Now it’s time that I show you what I personally use for budgeting.
I use Goodbudget (formerly EEBA). This is a website and a smart phone app. A digital envelope budgeting system.
There is a free and a paid version.
Let’s take a look at what Goodbudget has to offer…