Save

Millennials, Money, and Social Media

Thumbnail image for Millennials, Money, and Social Media

When I was writing the post about how few people have $1,000 in their savings, I was struck by an observation about millennials: that their financial situation is influenced by what they see and experience on social media. It’s not like it’s an odd correlation; keeping up with the joneses has been an expression since […]

Read the full article →

The Mortgage Payment Trick That’s Going to Save Me $40,000

Thumbnail image for The Mortgage Payment Trick That’s Going to Save Me $40,000

We bought our second house last year, selling our townhouse in the process. As much as I wanted to keep the townhouse and rent it out, we needed the money for the downpayment, and we weren’t likely to clear much profit even if we were able to rent it. The new house has a whole story to […]

Read the full article →

5 Easy Steps to Reduce Your Debt in 2016

Thumbnail image for 5 Easy Steps to Reduce Your Debt in 2016

Taking important and purposeful steps to reduce your debt is one of the best things that you can do this year. Not only does it greatly help to increase your peace of mind, but creating better ways to approach debt creates good habits that can last a lifetime. Debt is one of the main stressors […]

Read the full article →

How We Saved Enough Money for a Down Payment on a House

Thumbnail image for How We Saved Enough Money for a Down Payment on a House

We’ve owned our house for nearly 6 years now, which is pretty unbelievable. It doesn’t sound like an incredibly long time, but over the course of those six years, a lot has happened. Our daughter was born just a few months before we moved into the house, so it was a pretty crazy time in […]

Read the full article →

Are You Getting the Best Rates Possible?

Thumbnail image for Are You Getting the Best Rates Possible?

One of the best things about the explosion of online financial services and advice is the ability to do plenty of research before making a decision. It used to be that you stuck with one bank for your daily money management, mortgage, savings and investment accounts — but there’s almost no reason to do that […]

Read the full article →

How to Save on Child Care Expenses with Tax Credits

Thumbnail image for How to Save on Child Care Expenses with Tax Credits

This guest post comes from Stephanie Breedlove, the VP of Care.com Homepay. Finding a qualified, trustworthy caregiver is the most important decision you have to make when hiring someone to watch your kids. But a close second is making sure all tax and payroll requirements are followed so you’re free from financial and legal risk. While many […]

Read the full article →

Day 11: Open Long-Term/Retirement Accounts

Thumbnail image for Day 11: Open Long-Term/Retirement Accounts

Today’s post may be one of the most important chapters in the entire book. It’s a perfect example of the mentality that, if you just get it done, you will be set for the future. We all love a little bit of procrastination, but given that saving for retirement is all about maximizing your time, […]

Read the full article →

Day 10: Automate Your Short-Term Savings

Thumbnail image for Day 10: Automate Your Short-Term Savings

OK, there’s not actually any robots involved in today’s post, but the image above was too good to pass up. Now that we’ve got your accounts open, it’s time to put the system in place to automate your success. The beautiful part about this is that once you set it, you can essentially forget it. […]

Read the full article →

Day 9: Open Your Online Savings Accounts

Thumbnail image for Day 9: Open Your Online Savings Accounts

I know I’ve written about it before, but the day I opened my first online savings account literally changed the way I manage money. It was back in the good old high-interest days of the mid-2000s, when you could find an account paying 5% or 6% in interest. I remember putting money into the account, […]

Read the full article →

Day 8: Establish Your Savings Goals

Thumbnail image for Day 8: Establish Your Savings Goals

So at this point, if you’ve been following along, you’ve basically gotten a big picture look at your financial situation. You know what you’re bringing in, how much you’ve been spending and what you’ve been spending it on. But now it’s time to focus on what you’re keeping — your savings goals. I have to […]

Read the full article →

Why You Need An Emergency Fund

Thumbnail image for Why You Need An Emergency Fund

It’s often said that trouble comes in threes. This past weekend, I narrowly avoided not one, but three expensive bills. On Friday, the washing machine broke down; it wouldn’t drain, leaving the drum and the laundry full of water. Fortunately, I was able to open it up and disconnect the pump from the hoses. Inside, […]

Read the full article →

The Scary Truth About Saving For Retirement

Thumbnail image for The Scary Truth About Saving For Retirement

You don’t have to be 55 to start thinking about retirement. In fact, if you’ve waited that long, you’re in a bit of a pickle. While retirement often seems far away if you’re in in your prime working years, you need to make it a priority … now. Because the scary truth is that most […]

Read the full article →

Are Savers Losers? Or, is Robert Kiyosaki For Real?

I stumbled across this video the other day on YouTube, and let’s just say, I was rolling my eyes the entire time. But, it could just be me. Watch this video, let me know what you think in a comment, and then I’ll share my entire thoughts.

Read the full article →