What Banks Don’t Tell You About The Difference Between APR and APY

Imagine a world where banks were fully transparent with you. Sounds nice, doesn’t it? Unfortunately, there are many tactics banks use to make parts of their business look better than they are. Specifically when it comes to APR and APY. Well today we’re going to get the difference between APR and APY. I’ll explain to youContinue reading “What Banks Don’t Tell You About The Difference Between APR and APY”

Financial Coaching: How It Works and Who Should Get It

What is a financial coach and how is it any different than a financial advisor? In this post, we’ll break it down. Then we’ll cover who should get financial coaching and how it works. Spoiler, I don’t think coaching is for everyone. I don’t even think it’s for everyone who has financial problems. Financial AdvisorContinue reading “Financial Coaching: How It Works and Who Should Get It”

How to Combine Finances After the Wedding

When two people get married, what’s the best way to handle the finances? Keep it separate or make the money pot a little larger? What other financial things should we consider when we get married? This weekend, Bailey and I attended the wedding of some friends. Cue the bells and sparklers! So I am taking this appropriate opportunityContinue reading “How to Combine Finances After the Wedding”

The Problem with “Pay Yourself First”

You hear the phrase “pay yourself first” all the time. I agree in theory, but when we look at it deeper, how does that affect other areas of your financial life? Is the “pay yourself first” mentality really the best way to make progress with your money?  “Pay yourself first” is a frequently used phrase to justContinue reading “The Problem with “Pay Yourself First””