A Tangible Budget Trick
Key Takeaways In this digital age, we have fewer reasons to write things down by hand. Science shows that the part of the body that has the greatest connectivity to the brain is the writing thumb. By hand writing your budget, you create both something tangible and a stronger connection from your brain to that […]
Found Money: Your Health Savings Account
Key Takeaways Health Savings Accounts (HSAs) are tax deductible, tax deferred, and tax-free when used for health or medical-related expenses. Many people don’t realize HSA funds may be used for retirement. Once you’ve reached your limit on 401(k) contributions, your HSA may be an option for additional retirement savings. If you’ve ever done a […]
Renting vs. Owning: Which Is the Most Cost Efficient?
Key takeaways It’s great to have access to subscription services like Netflix, Uber, and all the others, that make life so much more convenient and easy. It’s important to do the math involved when you consider using a service because costs can add up unexpectedly and set your budget way off kilter. Think about the […]
Delaying Your Leap from the Nest
Key Takeaways It might sound strange to be living with your parents at 30, but it can be a good idea to help you defray costs if you have a significant amount of student loan debt. With rent costing anywhere from 30-50% of people’s income, housing is one of the biggest costs in a person’s […]
Financial Fridays
Key Takeaways Do a quick, three minute look at your finances every Friday to ensure there are no irregularities and to keep your budget on track. One Friday every month, look at your assets and liabilities to ensure you are on track for any financial goals you might have. Once a year, do long-term planning […]
Four Financial Steps for the College Graduate
Key Takeaways If you’re a new college graduate starting your first job, it’s important you have an idea of what your budget will be. Some planning now will lay the foundation for good financial habits in the future. Know what your income and expenses will be, so that there aren’t any big surprises down the […]
Financial Literacy
Key Takeaways Recent graduates may find themselves at a loss when it comes to managing money. Having a steady income is likely the first time they’ve encountered larger amounts of money. There are five common mistakes that people who are inexperienced with handling money tend to make. Florida’s Governor DeSantis recently passed a financial […]
Keeping Your Finances in Check
Key Takeaways It’s important to check in on your finances on a regular basis. There are three main areas to examine when you’re doing this. If you’re not sure how to start, try using a 30/60/90-day sheet. Last year, we had a blog post on the Frugal February Challenge. Whether or not you participated, […]
How Your Money Grows with Compound Interest
Key Takeaways Compound interest is a powerful way to grow your money. The Rule of 72 helps you calculate when your money will double. When faced with the choice, grow (and take!) the bigger pile of money. Albert Einstein is credited with saying that compound interest is the eighth wonder of the world. While […]
Cutting Subscriptions to Save Money
Key Takeaways Subscriptions can sneak up on us, to the point where we don’t realize just how much they’re costing. If you’re having trouble saving money, try cancelling your subscriptions. Do this once a year or so, evaluating what you really use and where you can save. There are a number of services out […]