401k vs IRA: What You Need To Know About Each for Retirement Savings

When it comes to retirement, I’m sure you’ve heard all the letters and numbers: 401k, IRA, 403b, TSP, etc. Confusing, right? What’s the best one?  That’s why today we’re going to look at two of the most popular — the 401k and the IRA. We’ll look at the pros and cons of each so youContinue reading “401k vs IRA: What You Need To Know About Each for Retirement Savings”

The 6 Do’s and Don’ts of Budgeting

Consider this: The median household income of Americans in 2019 was just over $68,000 according to the Census Bureau. If starting a budget caused you to save even 1% more of your yearly income, that would be an average of about $56 a month of savings. When $56 is invested per month over your 40Continue reading “The 6 Do’s and Don’ts of Budgeting”

How to Make Your First Budget EVER Using EveryDollar

Happy Friday! Today I wanted to share with you a step by step process for creating your first budget ever. I know budgeting can be intimidating, but it’s really simpler than you may think. In this post, we look at budgeting through an app called EveryDollar. I wrote about some great budgeting apps here, EveryDollar,Continue reading “How to Make Your First Budget EVER Using EveryDollar”

Here’s the First Thing You Should Do with Your $600 Stimulus Check

Boom we made it! 2020 is over! On to better years.  Yesterday, a friend of mine texted me that he just got his $600 stimulus check direct deposited. I was like “Oh dang, I wonder if we got ours.” Sure enough, we did. That spurred an idea for a good blog post: A reminder ofContinue reading “Here’s the First Thing You Should Do with Your $600 Stimulus Check”

How to Pay off Debt Quickly in 2021 (2 Strategies)

Debt sucks. Nobody likes debt except bankers. Payments take away from your ability to do what you want! How am I supposed to splurge on chocolate milk if I have collectors knocking at my door? There are major two schools of thought on paying off debt and we’ll look at them here. If you’re moreContinue reading “How to Pay off Debt Quickly in 2021 (2 Strategies)”

7 Reasons You Need a Budget in 2021

Hello and happy Monday! It is a happier Monday than normal given Christmas is this week! I find a lot of people think a budget isn’t necessary for them. They’ve got things under control despite 79% of Americans living paycheck to paycheck. So for that reason, here are 7 reasons I believe budgeting is essentialContinue reading “7 Reasons You Need a Budget in 2021”

I Started a You Tube Channel for Personal Finance!

Hey all! Happy Friday! I wanted to let you know, I have now started a You Tube channel to add to the blog! Watch the first video below! I’m really excited about this because I like making videos and I find it’s a little easier to entertain through video than through writing. I’ll be attemptingContinue reading “I Started a You Tube Channel for Personal Finance!”

Here’s Why You Should Want a $0 Tax Return Too

April 15th is a bad day for paperwork (and accountants) but a lot of people seem weirdly excited for the results of tax day, don’t they? “I’m getting a huge tax return this year so I’m going to use it on that trip to Europe I’ve been wanting to take!” I get it, I loveContinue reading “Here’s Why You Should Want a $0 Tax Return Too”

5 Simple Ways to Avoid Lifestyle Inflation

Have you ever received a job promotion or a raise and thought “Oh sweet, now we can eat out more frequently!” I have! Just a year ago, Bailey was in school and working very part time at a local mall. We lived frugally so we could save for a house and tuition at the sameContinue reading “5 Simple Ways to Avoid Lifestyle Inflation”

Myth-Busting: Here’s How Tax Brackets Actually Work

Happy Monday! What am I saying, I’ve got a huge project due at work today. Well, I hope you are having a happy Monday. Regardless, thanks for joining me. I don’t take a single reader or follower for granted. Alright, let’s talk money myths. Last year, my cousin and I were talking about money whileContinue reading “Myth-Busting: Here’s How Tax Brackets Actually Work”