According to CNBC, “the typical American has an average of $8,863 in an account at a bank or credit union.” However, that number is just an average. How much each person saves depends largely on their age and whether they’re single or married and if they have children or not. To illustrate this, CNBC goes on to further share that “60 percent of millennials don’t have enough … [Read more...] about The Biggest Signs that You Need to Save More Money
How to Prevent Arguing with Your Spouse about Money
The Beatles sang, “All you need is love,” but when it comes to a successful marriage, you need much more than that. Finding a spouse who matches your lifestyle and beliefs is important, especially when it comes to money management. Money issues are often a significant factor in divorce, so to keep your marriage intact, learning skills to prevent arguing with your spouse about … [Read more...] about How to Prevent Arguing with Your Spouse about Money
Don’t Forget About Bonds
People - don't forget about bonds! Everyone is going nuts over cryptocurrency and the stock market, but bonds have been a viable investing vehicle since 2400 B.C. (here). And, crowdfunded bonds are becoming a thing. Title III of the 2012 Jobs Act made crowdfunding bonds legal, so a number of companies are offering these products. These are: worthybonds.com (Pays … [Read more...] about Don’t Forget About Bonds
Should You Sell Items on Craigslist?
Craigslist has been part of American culture for over 25 years. You'd be hard pressed to find an American who hasn't heard of it. If you've never used Craigslist, you may be wondering if you should sell items on Craigslist and if it is safe to do so. Rest assured, the majority of people that use it haven't had any problems. With appropriate precautions and knowledge, you, … [Read more...] about Should You Sell Items on Craigslist?
Why Financial Transparency Is Important in Marriage
When Ronald married Shayla, they agreed to keep their finances separate. Shayla knew that she made less than Ronald, but she didn’t know how much less because he wouldn’t tell her. Meanwhile, they split household expenses equally. Shayla struggled to make ends meet on her smaller salary, while Ronald continued to buy and fix up old cars and eat out at restaurants frequently. … [Read more...] about Why Financial Transparency Is Important in Marriage
IRS Pushes Back 2020 Filing Date To May 17th
Since it's March and you're reading a personal finance blog, you're probably considering starting on your taxes. Well, it looks like you may have an extra month to file your returns. According to Bloomberg, the IRS is allowing an additional month in which to complete your taxes. From Bloomberg.com: The Internal Revenue Service is delaying the April 15 tax-filing deadline to … [Read more...] about IRS Pushes Back 2020 Filing Date To May 17th
How the Pandemic Changed How We Approach Finances
When I was young, my grandparents lived next door to us. I watched my grandma wash out sandwich baggies and used tin foil; I saw her clip coupons for groceries and the occasional meal out. She bought her clothes at second hand shops. When I asked my mom why, she explained that my grandparents had lived through the Great Depression, and it had permanently changed their … [Read more...] about How the Pandemic Changed How We Approach Finances
James’ 2021 March Wealth Update
So, it's mid-March, which means it's time for a monthly update. This month hasn't been too sexy, mostly I focused on consistent debt and cost reduction. Here is the breakdown of what I've been up to. Canceled Services & Reduced Bills This month I spent some quality time on the phone with Comcast/Xfinity. I got autopay set up for a total savings of $10 per month, or $120 … [Read more...] about James’ 2021 March Wealth Update
How to Rent Out a Timeshare
Time shares can be a great way to take a vacation to the same destination every year and know that you will have comfortable accommodations. However, sometimes you’re not able to visit that location one year, or you may decide to go to a different locale one year. When that happens, why leave your timeshare empty? Instead, take the time to rent out a timeshare and make some … [Read more...] about How to Rent Out a Timeshare
SMBX: Bonds for Socially Conscious Investors With an Appetite for Risk
Long-time Dinks readers will know that we're not shy about FinTech investing opportunities. A few weeks ago, I found a neat little start-up in California called SMBX. It is building a crowdfunded marketplace for small business bonds — a historical first. It's an interesting company, so we're covering it in depth here. Before we launch into this, here's what you need to … [Read more...] about SMBX: Bonds for Socially Conscious Investors With an Appetite for Risk
