It’s a popular time of year for home sales, with many people looking for a new place to live, and open house signs dotting the neighborhood each weekend. Once you’ve narrowed down the area you want to live, the next big question is whether you should rent or buy. Many people point to home ownership as the American dream where you can build equity rather than renting which is considered “throwing your money away”. But financially, it doesn’t always make sense to buy over renting, and there’s often more than just financial considerations to take into account.
So, rent versus buy? The answer is: it depends. Continue reading
I know that shopping isn’t the act of saving money, but if you are in the market for a best buy this spring, then you should know what to look for now. Saving money on the purchases you need for the upcoming season is a good start to making your hard-earned dollars pay off. This is the time of the year when the days are getting longer and you’ll be spending more and more time outdoors as the sun shines and the weather warms up, so check out this list and see what you can find that will make “springing into summer” a good time to buy both in stores and online.
While Memorial Day this year is Monday, May 25th, the sales begin as early as May 11. No doubt these sales are advertised widely in flyers, newspaper and TV ads and will be the biggest of the season on spring apparel, producing savings of 50-75% off original prices. Continue reading
A tremendous number of people these days are living paycheck to paycheck. What exactly does that mean? It means they use all of their paycheck for expenses and are unable (or unwilling) to save up for an emergency, a goal, or retirement. That’s a scary place to be because a temporary job loss or emergency expense would throw them into debt or more likely, further into debt than they already are.
According to a survey by Bankrate.com, only 38% of Americans have emergency savings for expenses like an emergency room visit or car repair. Continue reading
When it comes to finding the best deals, is your grocery store playing hide-and-seek with you? The answer is probably. Whether it’s a gentle nudge to psychologically guide you to the product they want you to buy, a dirty game of trickery, or even accidentally making it inconvenient to buy the best deal, it happens all the time. After all, a supermarket is there to make a profit, while you’re there to get the best price on the products you need and want.
Follow these methods to find the best grocery deals no matter where they’re hiding: Continue reading
As the years go by, it seems we have all been buying more and more into the cliché “bigger is better”. I have to admit, I wouldn’t refuse a bigger paycheck each week, or a bigger piece of mom’s apple pie after dinner, but there are lots of other instances where bigger can create other issues that may lead you to real trouble.
Being just a little practical and more conservative financially can give you mounds of money that can be used for real life priorities, like retirement, long-term healthcare, and life insurance as well as investing in your future. I’m not a scientist, but I’ve come up with a scientific formula that I wish I had developed years ago: Continue reading
With the spring weather finally coming to the northeast, I can see things are beginning to sprout and grow around here, from the green buds on the trees and bushes to the yellow blooms of the daffodils and forsythia. Many people are turning their attention to gardening and landscaping, and the retailers and nurseries are ready to take your money today, with one retailer even calling it “spring black Friday” (shouldn’t that be “spring green Friday”?). While I tend to have a brown thumb when it comes to growing plants, I have a green thumb when it comes to saving money. Lots of people enjoy gardening, but they can save money at the same time by growing their food and saving on groceries.
If you don’t have a large-sized property, you might be thinking gardening isn’t for you. But all it takes is a small bit of land, Continue reading
By the latest estimates, there are approximately 80 million millennials in the United States today. You may call them “Gen Y” or some other name, but they are the 18-32 year olds that are typically college-educated, technology-oriented and entering (or trying to enter) corporate life. They are socially astute media hounds who are tweeting away hourly with their cohorts. They have many advantages that I never did as I started out as a new member of the workforce. But I do have some advice for those millennials who are reading along.
The truth is that if you are a member of Generation Y, you probably don’t know where your money goes. Continue reading
Technology is a great and fascinating tool that is just waiting for you to take full advantage of its potential . You obviously have access to the internet if you’re reading this, so step #1 get access to the internet…mission accomplished! Beyond some of the basics you use the internet for, like reading the news, checking up on the latest sports scores, looking at the weather forecast and soaking up the latest gossip, there are so many ways to improve your circumstances, through information and education. But have you ever thought about the ways the internet can specifically help your finances? Perhaps we’ve just taken them for granted. Here’s a short list of ways that will have you smiling every time you hear the cha-ching of your wealth increasing thanks to the internet, whether it helps you make, save, or manage money.
Spring has finally sprung! And not a moment too soon, especially for those of us in the northeast US and other areas recently covered with snow. Whether you’re looking to finally emerge outdoors, or you’re dealing with April showers, there are plenty of free and frugal things to do this spring to keep you and your family entertained.
Haven’t we all dreamed that one day we’ll hit the big one? Buy a lottery ticket and get that million dollar jackpot? If only it was our lucky day (sigh), that’s all we need to turn the ship around and sail into that beautiful harbor of the rich and famous. Is it really luck that makes people rich? I don’t think so and if you think about it seriously, you’ll know that isn’t the way millionaires make it.
Rich people are a minority and there are good reasons for that. They do things and act differently than the average person. The habits of the rich breed success and wealth. Your chances of becoming rich aren’t guaranteed, but your chances are better if you emulate the rich in their success-breeding habits, even just a little. Continue reading