Is “Profit” a Dirty Word in Your Own Personal Finances?

Over the years, a lot has been written about profit and the role it plays in our lives. After all, if a business doesn’t make a profit, it eventually will go out of business and that can affect an awful lot of people including you if you happen to be an employee. Even the biggest names in the business world have seen that happen over the years, like Woolworth and Montgomery Ward, just to name two. Many others are facing the same fate right this minute. Historic names like Sears, J.C. Penney, Neiman Marcus, and PetSmart are all teetering on the edge of extinction.

Some people find profit to be a dirty word, but businesses need to survive just like when you profit in your own personal finances.

But business isn’t the only entity that must be “profitable” in order to survive. Realistically speaking, individuals like you and me must be profitable too in order to function properly and have a lifestyle that makes us content and successful. So, why do we think of profit as a dirty word?
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9 Summer Money Saving Tips for a Super Season

Summer is here and boy have I been looking forward to it! In my more recent years, my tolerance for the cold and winter has waned and I’d much rather enjoy a warm summer day than bundling up in my thermals and digging the car out of 12 inches of snow! Just thinking about it makes me cold, so yippee! summer has officially arrived and for the next few months, snow will be restricted to other corners of the globe and not here in central New Jersey.

Summer's here and while we welcome the warmer weather, we don't always like the spending that comes with the season. Check out my 9 summer money saving tips!

Being ever on the lookout for ways to save some money, summertime offers several neat ways to save and I have compiled my faves which are things you can actually do yourself. So, here are nine great ideas you can use to save money during those warm months of summer. Continue reading

How This Fed Rate Hike Will Hit Your Wallet

The Federal Reserve raised its key short-term interest rate this week as U.S. economic growth remains strong and unemployment is at an 18-year low. The bottom line for borrowers is this: everything from credit cards to auto loans to mortgages is about to become more expensive because of this Fed rate hike.

On Wednesday, there was another Fed rate hike, the second of four planned this year. Find out what this means for your finances and how to cope.

The Fed’s monetary policymakers added another quarter-point to the central bank’s key interest rate, putting it at 1.75% to 2%, the highest since 2008, economists said. This is the second of a now planned four interest rate increases expected for this year. The Fed last raised its benchmark rate a quarter-point in March, moving it into the range of 1.5% to 1.75%. You’re going to feel this one right away. Continue reading

What Dad Really Wants for Father’s Day

Being a dad has been the biggest responsibility I have ever had. After all, bringing a new life into the world and literally trying your best to help make that person the best kind of person they can be and fulfill their life’s real potential doesn’t weigh easy on anyone.

I sometimes get a bit misty eyed when I think about my two kids and I always miss seeing them when they aren’t right here with me. I think we all feel that way because after all they are so very important to us.

Father's Day is coming on June 17th. I'll share with you the secret of what Dad really wants for his special day and you won't need to spend the big bucks.

So a couple of years ago, I wrote a post about my thoughts on Father’s Day and it really came from my heart. I think the message in it says what every dad (and mom too) thinks and feels about a day like this. Even though the environment we live in makes us feel like honoring our dads and moms is all about buying gifts and making a big deal out of just the one single day a year, I can tell you from personal experience, that’s not what dads (and moms) really want from their kids. Continue reading

The 3 Best Tips to Save Hundreds on Funeral Expenses

Today’s guest post on funeral expenses is sponsored by Safe Passage Urns.

As funeral costs continue to rise, families are looking for any alternative way to save money. Unless the person who has passed away has a last will or life insurance plan in place, the family of the decedent will be responsible for paying the funeral expenses. These expenses can amount to well over $7,300, which is the national average cost for a burial funeral according to the National Funeral Directors Association. The average American family simply does not have this kind of money laying around to foot the bill, but hopefully, after reading this guide you will be better prepared to save money while planning a funeral.

Funeral costs continue to rise, with the national average for a burial funeral costing $7,300. Here are several ways you can save money on funeral expenses.1. Selecting the Right Funeral Home

The variance between funeral home pricing can be much greater then what you might imagine which is why it is so important to do some comparison shopping beforehand. Some funeral homes charge much more for the same exact services. People will often select a funeral home because it is close to their home or has served their family in the past. It might seem easier to just go with what is most familiar, however, if there is a funeral home that is farther away from your family but it is significantly cheaper than other funeral homes closer by, then it makes sense to drive the extra half hour to save hundreds, possibly thousands of dollars. Continue reading

Surprise! You’d Never Expect These Online Bargains

Please note this post contains affiliate links which help to fund this blog at no cost to you. Thanks for your support!

I do love a deal. There, I said it, but by now it’s really not a secret, is it? If you are like me, a typical “bargain hunting” shopper, you probably have signed up for emails from some of your favorite online retailers like Staples, Bed Bath & Beyond, Kohl’s, and Walmart, etc. They are constantly sending offers like coupons and discounts on their latest promotions that you probably love just like I do. It can be a great way to find some online bargains, so long as you only use them when you need them.

When searching for online bargains, you may think you know where to look. But surprise!...you might just find the best deals in some unexpected places.Logically you think if you need clothes, check out the deals at Kohl’s, copy paper then look at Staples, and new cookware or a bathroom scale, Bed Bath & Beyond, right? But did you know the magical part of buying and selling online is that all of these retailers sell stuff you’d never guess they have and sometimes they are shockingly good deals! You’d never expect to get these bargains at these sites and that’s why today I am sharing with you some really surprising things that I have discovered! Continue reading

HoneyMoney Review and Giveaway – The No-Stress Way to Control Your Bucks

Thanks to HoneyMoney for partnering on this post. I was compensated for providing this review, but all opinions, positive or negative, are honest and solely my own. Please note this post contains affiliate links which help to fund this blog at no cost to you. Thanks for your support!

I have been tracking my money for a really long time using that “old reliable” Quicken on my computer every single day like clockwork. It’s something that is ingrained in my brain—recording my income, expenses, etc.—and I think about it a lot. In fact, you could say I have “trackitis”, i.e. a stress-related disease that involves knowing every aspect of my financial life. Quicken has a lot of features, options, menus, and it can make you feel more like a CPA rather than being a no-stress way to gain control of your money.

That’s where HoneyMoney comes in.

HoneyMoney is an online tool and mobile app to manage your money. This HoneyMoney review shows you how the tool works, plus the benefits and downsides.HoneyMoney is a relatively new way here in the USA to simply track your income and expenses, launching in 2017. It was originally begun in Europe back in 2011. Continue reading

Is The Nostalgia Trap Cluttering Up Your Life?

Last week my wife and I saw the film “Nostalgia” (free of course!) courtesy of AARP’s “Movies for Grown-ups” program for its members and guests that they offer every month or two. Nothing quite like a great night out (with popcorn) and a movie for free! It was great seeing the “Black Panther” premiere the last time too. It’s just another reason why I love the AARP even though some of you have told me that you aren’t particularly a fan. Oh, I might just add that my membership is also free this year thanks to a deal I got through a Walgreen’s promotion, so can that be bad? But I digress, here. The movie we saw, Nostalgia, got us thinking quite a bit. It’s a series of stories about people’s relationships to their memorabilia or the memorabilia of their family members.

My wife and I saw the film Nostalgia last week, and it really started me thinking about the memorabilia and other trappings of nostalgia that many of us collect. So how do we keep these "treasures" from cluttering our homes and our lives?

What today’s post is all about is a little deeper than just seeing a free movie. It is about the role that nostalgia plays in our lives today and what it may mean to you and your family’s future.
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2018 Finances: How Do They Look, So Far?

One of the very most important things you can do when it comes to your personal finances is to take a good hard look at how things are going right now and make some adjustments whenever necessary.

So we're 5 months into the year, and now is a good time to see where we are when it comes to finances. Today's post looks at how the new tax law is affecting income, and how inflation is affecting expenses.Many years ago, when I was a young man working as an assistant buyer at Macy’s, I learned about making a good plan and how to evaluate and then re-evaluate how that plan was doing. The most important part of that concept isn’t a requirement to make changes after evaluating, but rather it’s the actual necessity to take a close look. Even if you don’t make a change in a plan, looking and doing nothing is actually doing something! Not looking is doing nothing and that can hurt your financial plans.

That’s why today I want to look at where we are in 2018, so far. Continue reading

How Your Money Obsession Can Hurt You

Got money on your mind? That’s not surprising, considering it affects so many aspects of our lives. It’s almost impossible not to think about money since we are bombarded every day with all kinds of talk about spending it, earning it, and well even just worrying about it, like your retirement planning or paying off your debts. Money obsession is real. There is almost no way to escape it except perhaps by pulling the blanket over your head and sleeping a little more, but even with that you do risk the potential of dreaming about it!

While planning your finances is important, thinking about them too much may mean you have a money obsession, and that can hurt you in many ways. Here are just some of the ways obsessing over money can have a negative effect on you.

Of course, thinking about money can be beneficial if it does lead to actions that can improve your finances and your life. But, and it’s a big but, when it becomes a preoccupation or obsession with your finances, it can also be very harmful, and I am not just talking about its mental effects either. How can your obsession with money hurt you? It can actually hurt you physically, financially, and emotionally! Continue reading