Money Management

Money Saving Secrets of Super Savers

In this month’s edition of Money Magazine they interviewed 100 dedicated savers to learn their stories and find out the tactics they employ to save 35-60% of their income. All of these couples and individuals are well on their way to a very comfortable early retirement. 1. They set goals, and they make them specific. [...]

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Retirement Planning Checklist

It’s never too soon to start saving for retirement. When you’re young time is on your side. If used wisely it’s your greatest asset. However it can be the biggest detriment as retirement seems so far off. It’s easy to put off saving until next year, and then next year, and so on. Next thing [...]

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How Far Would You Go To Maintain Your Lifestyle?

We recently got a Blu-Ray player with Netflix streaming capabilities. This allows us to instantly stream movies and TV shows versus having to wait for a DVD in the mail. I have to say it’s pretty cool. It’s opened up to us a wide array of shows from premium channels, like Showtime and Starz, that [...]

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Transition From the Corporate World to Your Own Business – Lessons Learned

Today’s post comes from Mr. Credit Card of www.askmrcreditcard.com. He read my story about how I went from earning six figures in a corporate setting to being an entrepreneur. He’s been through a similar situation is here to share it with us. I read Mrs. Frugal’s life story and it really resonated with me. In this [...]

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Do Your Friends Share Your Financial Values?

I was catching up on my reading this weekend and came across this quote from Lynn Truong, the Co-Founder of WiseBread.com, in Money Magazine: “Good money management is a lifestyle. If you surround yourself with people who share the same values, you’re more likely to stay on track.” While I agree with this quote whole-heartedly, [...]

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How to Save for College Without Sacrificing Your Retirement

As we prepare for the arrival of our son I’m thinking about his college education and how we’re going to pay for it. I know, that’s 18 years out. But with the soaring cost of education, if we don’t prepare and start saving now, we may not be in a great position to help much [...]

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What is Your Vision for Retirement?

I’ve been so preoccupied with our short-term goals of building an Emergency Fund and paying off debt this past year that I’ve given little thought to our retirement. But as a member of the Yakezie Challenge I’ve been reading some very cool blogs by people that are creatively pursuing early retirement and some are even [...]

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When Do You Question a Professional?

I take a Do It Yourself approach when it comes to many things, especially my finances. But there is an exception…Taxes! My mind starts to spin and I just want to curl up in the fetal position when I even glance at tax code. So I pay a CPA to do my taxes. And it’s [...]

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Should I Put My Emergency Fund into a Roth IRA?

Today our Emergency Fund sits in a regular savings account earning a less than impressive 0.20% interest rate. This is a temporary solution as I look at the best way to give us easy access to our funds if we need them. The original plan was to place our Emergency Fund into the highest yielding [...]

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36 Simple Ways to Save Money this Year

Looking for ways to cut your costs and save more money this year? Here are 36 simple ways to save. Lower Housing Costs 1. Request a Property Tax Adjustment – Lower home values mean lower taxes; also check to make sure you are not over-insured. 2. Bundle home and auto insurance – Save up to [...]

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