Saving can be difficult for lots of people, not just your teenager. In order to teach your teen the importance of saving, you need to set a good example. Here are some of the ways that you can go about instilling the importance of saving money and budgeting expenses to your teen.
Teaching Your Teens the Importance of Saving Read More »
Unfortunately, home energy costs are always rising, and electricity is a necessity in the modern world, so frugal-minded consumers should be on the lookout for ways to save. Fortunately, there are plenty of ways to do that.
5 Awesome Energy Saving Ways to Cut Your Home Energy Costs Now Read More »
Car repairs are one of the most common budget busters around. An unexpected fuel pump failure, worn-out brakes, or a punctured radiator can cost several hundred dollars to have repaired. Most budgets don’t have that much flexibility built-in, but there are ways to handle an unexpected car repair. Here are some ways to handle your car problems.
Ways to Finance an Unexpected Car Repair While Sticking to Your Budget Read More »
Spare cash is a wonderful thing. It can help you buy extras after your regular income takes care of your monthly expenses. It can help you get out of all sorts of financial ruts as well. If you want to boost your earnings, there are a number of things that you can try. Getting spare cash doesn’t have to be something that’s hard for you.
Make Extra Cash with a “Side-Hustle” Read More »
We strongly recommend only buying a car that you can pay cash for. Even if you just start with an old “beater” and then take the money that you would have spent on payments and pay them to yourself until you can afford to buy something better. However, most people don’t have the cash to buy a car and don’t follow this “beater” system. Thus, they must finance their vehicle and end up paying extra for interest. To make matters worse, some buyers make the mistake of not doing their homework, and this causes them to lose hundreds or even thousands of dollars in a bad deal. Read on for advice on buying a car on a budget.
Car Hunting on a Budget Read More »
While many home improvement projects are major investments, some of those upgrades can actually save you quite a bit of money in the long run. Here is a look at a few projects that will increase the efficiency of your home and reduce your risk of expensive repairs down the road.
Invest in Your Home: Home Improvements That Save You Money Later Read More »
When it comes to saving money around your house, you don’t always need to make big changes. In the average home, a few small upgrades can have a major impact on the monthly bills. As an added bonus, making your home as efficient as possible is also good for the environment.
Small Items that Can Help Your Household Save Big Money Read More »
Glasses and contacts can be expensive but when it comes to your eyesight you want to be sure to do it right. When it comes to contact lenses, you have a few options to choose from. You can get contact lenses that you throw away on a daily basis or weekly basis (called Soft disposable lenses), or you can get the kind that you can wear for longer periods before tossing (called extended wear lenses).
How to Decide Which Contact Lenses Will Be Best for You Read More »
Debt can be an effective means to an end (such as home ownership) but it does need to be managed. Experts like Robert Kiyosaki say that there are two types of debt “good debt” and “bad debt”. Good debt is debt that “puts money in your pocket” and bad debt “takes money out of your pocket”. Examples of good debt are loans to start a business, buy rental housing, etc. Bad debt is consumer loans and car loans. A home purchase is actually borderline because it is an asset and its value generally keeps up with inflation but it is more like a forced savings plan (that you have to maintain) rather than a good investment. In our article The Wealthy Buy Assets, the Poor Buy Liabilities, and the Middle Class Buy Liabilities Believing They Are Assets we discuss this in further detail.Â
4 Tips for Staying on Top of Your Debt Read More »
If you’ve read any of our articles you know that we believe that creating a family budget is critical to effectively managing your finances. This is especially true if you want to get out of credit card debt, since you need to be sure that your expenses don’t exceed your income. Unfortunately, many people create a budget and think everything is fine and then when the end of the month rolls around they still are “short”. This is often the result of “missed” expenses. Here are a few financial costs that are often overlooked:
4 Overlooked Financial Costs to Include in Your Family Budget Read More »
With debt at an all-time high in the United States and with most Americans carrying thousands of dollars of debt, it is no wonder that many people are looking at ways to cut back, pay down debt and trim expenses. While some changes are obvious, such as making a budget and sticking to it each month, some ways to pay down debt may be a bit more hidden. Here are four smart resources for raising cash if you feel as if you are in debt up to your eyeballs.
4 Sources of Quick Cash Read More »
In days gone by you could expect that your car repair bill would consist of 50% for parts and 50% for Labor. So you could easily save half the cost of a repair by doing the job yourself. But then parts started getting cheaper (probably due to competition from China) and you could save 2/3rds of the cost of a repair by doing the job yourself. But some jobs also got more complicated requiring fancy computerized diagnostic tools and specialized knowledge. However there are many car repairs that are easy and you can do yourself, often saving you hundreds of dollars.
Car Repair on a Budget Read More »
