BlogBrowse over 600 articles on money and productivity.
As of 2012, the average amount of student debt accrued by graduating students reached nearly thirty-thousand dollars.
For these graduating students, debt is a fact of life that they’ll be dealing with for around a decade after leaving their old alma mater.
Student debt can be prohibitive for many students, and the snowballing interest of forbearance makes it a highly unappealing option.
However, there are ways to brace yourself, or avoid payment entirely, by planning ahead when it comes to how to manage student debt before it becomes a problem.
Here are three strategies to consider when a future of student loan payments is just around the corner…
The Real Estate sector may have suffered greatly due to recession.
But that’s all in the past.
Now that the economy is stable, many are now looking forward to investing in a new home.
This is why now is the time to consider working for the real estate and construction industry.
Not an engineer or architect? No worries!
You can still make money in this market by setting up your home inspection business. Want to know how to do this? Read the steps below…
When you hear about the financial aspects of the military, you won’t get far without hearing the word “benefits”.
As we all know, the benefits range from pride in serving your country all the way down to your food allowance (BAS).
Why do we hear so much about the benefits?
Because the base pay isn’t that impressive, but once you add in the benefits, military pay doesn’t look too shabby.
The benefits go outside the realm of health insurance and allowances.
Let’s look at some benefits that the military has to offer that aren’t mentioned quite as often…
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…
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?
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…
MoneyMiniBlog 2.0 will be coming soon to a computer near you.
I have plans for creating a more useful, entertaining and informative website that’s clean and easy to navigate.
I’ll let you know what’s coming, but then I want to know what you want to see!
Here are a few of my ideas…
So I met a man from Nazareth, Israel.
Not the man you are thinking of, though I know Him too.
I literally met a man in Denver, Colorado who was born and raised in Nazareth for the first 28 years of his life.
That’s pretty awesome!
Then I figured out that he and his entire family are Christians.
If you know anything about the current state of affairs in Nazareth, you know it’s not easy to be a Christian over there.
This man was surely unique and a he taught me a few things about life and money…
Making money without a job.
Yeah, that’s a thing.
It’s actually pretty common.
There are many ways to make money without and job and then there are the ways you always hear about (blogging perhaps…) that don’t seem realistic.
Like anything, it depends on how much time and effort you put into it.
Here are more than 10 different ways to make money without a job…
“Hey honey, I want a motorcycle.”
“But I want a kitchen remodel.”
“Umm, but I want a motorcycle.”
“SWEETIE. WE CAN’T DO BOTH”
He wants the motorcycle. She wants the kitchen remodel. How to decide?
When you and your spouse talk about money, there’s potential for
arguments disagreements, value clashes, and colorful conversation (to put it lightly).
This step-by-step guide will help you two figure out how to make a budget work for your life together.
A little diversity here, a little security there.
There are several components to a well rounded retirement portfolio.
You shouldn’t put all your eggs in one basket, but you don’t need a whole bunch of baskets.
It’s all about balance.
There are all kinds of ways to create a great portfolio, but you have to start with a solid foundation.
An IRA is a great foundation for retirement, whether it’s in addition to your company retirement account or on it’s own. Let’s look at 3 parts to a great IRA…
There is a difference between being broke and being poor.
Broke is a temporary states of finances.
Poor is a mindset.
Before you go on, promise me you will never refer to yourself as poor again. Even if you feel like you are.
You may be broke, but you’re not poor.
Here is why you may be broke and how to stop it…
What makes a company a large cap or a small cap?
What the heck is a “blue chip” stock?
It’s important to know the difference if you’re interested in the Stock Market.
There are ways to organize all sizes of companies into different titles, though it’s not an exact science.
These titles are given for a reason. So that you can easily determine the size of different companies.
So let’s get into what the different sizes are and what it all means…
A credit score is like your in-laws.
Some are really great. Some are not so great. And some people like to pretend they don’t exist.
Well, they do exist (your credit score that is…and probably your in-laws too) and whether you have a great credit score or a poor one, there is always room for improvement.
You can always do better.
Here are some tips for improving your credit score, no matter how good or bad it is…
“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.” -George Soros
“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.” -Warren Buffett
Most of you know that I am a huge Buffett fan, and I consider myself an investor like him. (Well, maybe not like him, but an investor nevertheless.)
George Soros is more of a trader.
One is not right and the other wrong. Buffett and Soros both have billions of dollars to prove that.
But it is important to know which one you are…
Summer is coming soon to a home near you. In fact, it’s coming to your home…unless you live somewhere weird.
There are ways to cut cooling costs. Practical ways.
You don’t have to spend thousands to save hundreds.
Unless you want to do that. But you don’t want to do that.
That would be dumb. I don’t even know why we are still talking about it.
Since you don’t want to do that, do this…
Giving should be fun.
If it isn’t fun, you’re doing it wrong.
I love to give, so I am always looking for new ways to do it.
I found a few…by a few, I mean 20.
If you like to give in unique and creative ways, check these out…
My wife and I headed into Oklahoma City this past weekend to look for a vehicle.
After spending the majority of the day at a certain car dealership, we ended up driving a new car home…well, new to us.
We are happy with the vehicle, and we were even happier with the price.
Long story short, they were asking almost $9,000 for a vehicle that we ended up purchasing for $2,800.
How did we do that? We used these 6 haggling hacks (I hope you can appreciate the alteration) to get the deal…
Spring is in the air.
It’s beautiful out, so obviously the first thing you want to do is
step outside think about your credit! Right?
Maybe not, but it’s a great time to do a quick spring cleaning.
You’re already spring cleaning “everything else”, why not clean up the thing that you buy “everything else” with. I’m joking, of course. I know you don’t buy everything with credit cards.
Or at least, if you do, you pay them off every month…don’t you? Sure you do!
Here are some simple and, most importantly, free steps to cleaning up your credit…
36% of Americans save absolutely nothing for retirement.
80% of people ages 30-54 believe they will not have enough money saved for retirement when the time comes.
You know you need some sort of retirement plan, but can you afford it?
Are you a statistic? Or on your way to becoming one?
Spoiler alert: Yes, you can afford to invest in your retirement
It doesn’t take much to get started and it takes even less to keep going.
Here’s how you can invest for retirement, even if you think you can’t afford it…
Refinancing your home is like the government.
Sometimes it makes sense.
Sometimes it doesn’t.
And sometimes it will force you to spend a lot of money with little or no return.
Doesn’t that remind you of the government?
So, when does it make sense to refinance?
There are ways to figure that out and there are some things you need to know about refinancing…
Should you refinance your home? Is it worth it?
That depends! But should you look into it? Yes!
It’s amazing what 1% can save you over 10, 20 or 30 years.
This is a sweet infographic that breaks down exactly what 1% could mean for a refinance…
We see commercials and ads for charities every day.
Starving children, abused animals…you’ve seen them.
Have you ever questioned how much of your money was actually spent on helping?
And how much was spent on the charity’s employees? Or on that commercial?
You may have thought something along the lines of…
“Why didn’t they spend this money on feeding those children instead of paying for this expensive commercial?”
Let’s see what’s going on here…
There are strategies for paying off your home early.
Those strategies are great and they work.
But is it worth it to pay off your home early?
With mortgage rates being so low, why not invest the extra money instead of paying off your home?
I really don’t think you have to pick. I think you can do both.
If you want to pay off your home early, this may be the best strategy for you.
Let me explain…