Yes! If you are trying to figure out how much of your budget to allocate to different expenses, one of the easiest formulas I’ve come across is the 50/30/20 formula. It is fairly simplistic, but it also allows you some flexibility and a great starting point if you are trying to get started with budgeting
People are always so willing to offer up their own financial advice. Every once in awhile you hear some good advice that you can easily take advantage of. However, there has been a lot of advice I’ve heard over the year that has been down right bad. What surprises me though is that people still
When we identify a goal we want to achieve, we often want to get to the finish line as fast as we can. The best feeling is when you see progress, especially fast progress, toward achievement. However, fast is not always possible with every goal, especially financial goals. It’s a slow journey, whether it’s paying
FIRE (Financial Independence – Retire Early) has been a goal of mine for the last few years. For a lot of people, their first view of anything FIRE related is often reading an article online or seeing a blog post or even listening to a podcast for financial independence (FI), early retirement (RE), or both.
There are a lot of questions out there about whether using a financial planner for help with your finances is useful. You can use a CFP (certified financial planner) to assist you with not only investing, but understanding your whole financial portfolio. Although you can try a do-it-yourself approach, there are actually a lot of
The outlook for retirement in America right now is terribly depressing. The statistics show that very few are saving anymore, instead people are buying bigger houses and luxury cars and trying to keep up with everyone else. As I started looking more closely at my own saving and spending, it occurred to me that achieving
It’s time to set some New Year’s Resolutions! I would rather consider my “resolutions” goals, since I find it easier to put an action plan to goals. I am a firm believer that everyone should have goals, especially ones they set for themselves (rather than a spouse, employer or friend). Goals are something more substantial
If you are young or just starting out on your financial education journey, I’ve compiled a few financial tips for college grads & newbies that will help you save wisely, spend smarter, and learn to live your best life without sacrificing your financial freedom. The key is to start saving as early as you can!
We experience events throughout our lives. The events can be positive or negative, and impact us in both good and bad ways. Each event can teach us lessons that can be difficult to endure when going through them, however, they are critical to our overall success in life and being able to achieve a successful,
“Compound interest is the 8th wonder of the world. He who understands it earns it – he who doesn’t pays it.” – Albert Einstein What is Compound Interest? It’s a term that a lot of people use, but not everyone understands. Compound interest is great if you are saving money, but it’s bad if you’re