Category Archives: Manage Your Finances

Investing Your Emergency Fund – Yeah or Nay?

Investing Your Emergency Fund – Yeah or Nay?

We all know the importance of having an emergency fund. Should something unexpected happen, we can take the stress that is related to it in terms of finances out of the picture and spend our energy focusing on how to get through the difficult times. But in the low-yield environment that we are living in, many people are looking for options to boost the return of their cash. Many have turned to investing their emergency fund. Is this a smart move? What are the advantages? What are the disadvantages? I cover all of these below, helping you to make the best choice for your situation.Continue Reading

How to Save Money: Even Your Milk Money Counts

How to Save Money: Even Your Milk Money Counts

Do you find yourself saying that you don’t have enough money? Is it hard to find the pennies necessary to pay the bills? Saving money can be difficult at times for a lot of reasons. Whether it is because you are stuck in contract to lease a car or can’t stop yourself from buying the latest, greatest item, it can be hard to save money. The simple fact is that it is hard to postpone gratification when you get a “high” right now. The important principle in understanding how to save money is that every little bit helps… even your milk money.Continue Reading

Think Twice Before Skipping Auto Insurance

Think Twice Before Skipping Auto Insurance

In most states, it is a requirement to carry auto insurance. However even with this law, many drivers do not have coverage at all. In the states that do not require auto insurance, many drivers think they are doing the smart thing by saving some money. The truth is you are asking for trouble if you don’t carry auto insurance, regardless if your state requires it or not. Below are the reasons why.Continue Reading

Why Young Adults Need to Use Credit Cards

Why Young Adults Need to Use Credit Cards

Unfortunately, financial advisers have related mixed opinions when it comes to using credit cards. I say unfortunately, because there is nothing to dislike. I got my first credit card when I was 18 and have been using it since then. Not only has it earned me thousands of dollars in rewards since then, but it has added other benefits as well. Despite what people may think, using credit cards is an important action for any young adult to take. Here’s a list of reasons why you NEED TO START USING A CREDIT CARD if you are not already using one.Continue Reading

Switching Cell Phone Carriers To Save Money

Switching Cell Phone Carriers To Save Money

Almost daily I read a new story or even see an ad about moving away from the big 2 cell phone carriers (Verizon and AT&T) and going to a smaller carrier. Doing so can save you a ton of money the ads claim. Curious about this, I looked into these secondary carriers to see what they were all about and I was surprised at what they were offering and at the price they were doing so. Below you’ll see what I learned and what to look for when shopping for a new cell phone carrier.Continue Reading

How to Get Through College

How to Get Through College

College is a time where young adults are forced to adapt. Everything changes and in order to get through college, you are forced to adapt. There are a lot of things to learn when going to college, but here’s a few things that are necessary.Continue Reading

Going To College Is More Important Than The College Itself

Going To College Is More Important Than The College Itself

Here in the US, we have gone from needing to get a college degree to be successful to needing to go to an elite college to be successful. Sadly, this is misinformation that many students (and parents) blindly follow. Below are 4 reasons why it is more important that you simply go to college than it is where you go to college.Continue Reading

4 First Steps To Starting A Home Based Business

4 First Steps To Starting A Home Based Business

For many people, before they jump into self-employment 100%, they start moonlighting or working on the side while still collecting a steady paycheck. For them, working out of the house for their side job is ideal. It has low start up costs and allows you to easily work, no matter what time you feel like doing so. But, there are 4 things that many people tend to overlook when it comes to home based businesses and if you don’t do your homework, you could get shut down or even fined. What are these 4 steps?Continue Reading

Best Way to Track Your Net Worth

Best Way to Track Your Net Worth

I USED to think that tracking your net worth was for rich people. It was just something that older people did, or even people who were older and closer to retirement. I thought it was just one of those things that people with a large net worth used to brag. My opinion changed when I started to understand what a net worth measures that other things do not. I started to track my net worth, but my process has improved over the years. Find out how to track your net worth efficiently.Continue Reading

Now Is The Time To Travel

Now Is The Time To Travel

My wife and I just got back from a week in Ireland. We went over for a friend’s wedding and had a great time. It was our second trip over – we went back in 2012, again for another wedding – and the most surprising thing between the trips was the cost. It cost us much less this time around than last time. Here’s why.Continue Reading