I've been seeing a lot of news articles talking about how wealth is owned in the United States. The main idea is usually centers around a statement such as "the rich are getting richer" or "only a few people control a disproportionate amount of wealth". The main idea behind much of these news stories is that only a few people control most of the money in our country. This has … [Read more...] about Poverty is Due to Individual Traits
Many couples have joint bank accounts throughout their marriage. This often happens either because they pool all of their money together or because they keep separate accounts but have a joint one to pay household bills. Another reason why spouses share an account is because one person is the budgeter in the family and needs access to the other's money. For millions of … [Read more...] about What Happens If Your Spouse Depletes Your Joint Account Before Separation?
Saving money is a good goal to have, especially when the world is reeling from the COVID-19 crisis. But beyond that, making sure you have adequate funding set aside for an emergency fund should always be a financial priority. Whether you've been putting it off or you're just getting started, here are a few good reasons why your emergency fund should be your top financial … [Read more...] about Why Should Building an Emergency Fund Be a Financial Priority?
It is mid winter here in Oregon and the weather is projected to be 40 degrees and rainy for the next two weeks. So, if you're like me you're probably wanting to stay warm on the cheap. Here are three things you can do to save money heating up your place. These ideas aren't earth shattering, but they work reliably. … [Read more...] about Tried And True Ways To Cut Your Heating Bill
Sometimes it is a good idea to periodically look at your expenses with a view to trimming the fat. I had some spare time on Saturday and had at look at my internet, cell phone and subscription entertainment. Called my cell phone provider, T Mobile, and switched to a plan that gives me the same level of service for $5 less per month. The call took about twenty minutes. … [Read more...] about Saved $323.76 With Just An Hours Work
Many of us are making our New Year’s resolutions, and for many of us, it’s to save a little bit of money. With the economy the way it is, and the emphasis on consumer culture, it’s sometimes difficult to save money. However, there are some clever ways that you can save money for the New Year. Besides the obvious advice of “don’t buy what you can’t afford” and downloading an app … [Read more...] about Clever Ways to Save Money In 2020
Many people claim that having some money saved up is one of the best things you can do for yourself. For the most part, this is true. Having savings makes sure you're always prepared for whatever comes your way. At the very least, it's a prudent habit that can lead you to better things in the future. However, saving money isn’t always an excellent strategy for a couple of … [Read more...] about Why Saving Isn’t Always A Good Strategy
Last month, we wrote about Eric Tyson's simple tips for improving your personal finance. Today, I wanted to follow up with a few more useful suggestions by Tyson. The idea here is to give you some basic personal finance principles that you can apply to your own wealth. … [Read more...] about More Solid Advice From Eric Tyson
Whether you own a home in New York or Florida, you’ll likely want to renovate at some point to have it updated and modernized. It’s no secret that most renovations can be quite costly. Nevertheless, many people say that the final costs end up being 20%-30% more than they were expecting, even when they tried sticking to a strict budget. Luckily, there are several ways that you … [Read more...] about How To Save Money On Your Next Home Renovation
According to the Federal Reserve's most recent Survey on Consumer Finance, the median savings account for Americans contains $4,500. When looking at the survey results, you can see that younger Americans tend to have less in savings. However, their accounts grow as they age. But how do we know if $4,500 is enough? Well, unless you can make $4,500 last for 3-6 months as your … [Read more...] about The Biggest Signs that You Need to Save More Money