The purchase of a new vehicle for your young family can be more nerve-wracking than buying a home or selecting the right college for your children. With so many options to choose from, picking your next car is overwhelming, which may lead to a regrettable choice in the end. Like any other big decision, the purchase of an automobile should be done with clear head and a good deal of information collected ahead of time. Here are a few items to consider.… Continue Reading
Category Archives: Investing
Four Debunked Financial Myths
Fables, fairy tales, urban legends, hogwash – whatever synonym you use, myths have been around since the first Neanderthal painted an initial image on the rough-hewn walls of his cave. Vaguely referencing a truth, myths are in every segment of our society – including finance. Though filled with mathematical equations and statistical formulas, there are a number of myths within the financial world that have stuck around and, in many cases, influence those who make purchases up to the present day. Here are four such myths, debunked for your gratification.… Continue Reading
Better To Be Safe: Tips on Creating an Emergency Fund
Murphy has your number. As soon as you put money away, thinking things are going well, Murphy comes knocking on your door to take it away, leaving you with a debt you may not be able to recover from. In order to counteract Murphy’s machinations, you need to consider creating and maintaining an Emergency Fund. What it is… Continue Reading
Multiple Ways to Invest
Any young family knows the challenge of learning how to invest for the first time. Unless you go to business school, this topic is not addressed in school. Given the tendency of individualism in our society, it’s almost a given that parents fail to teach investing to their kids. I know that I am still learning how to properly invest for my family’s future. I’m no expert, but I have learned a lot in the past few years. Here are many places you can put your money to generate even more revenue.… Continue Reading
How Much to Invest Into Your 401(k)
Investing into your company’s 401(k) retirement plan can be a daunting task for someone not familiar with the process. How much to invest, what the contribution cap is, what allocations does the company match – all of these are factors to consider when determining how much to take out of your paycheck each week. To figure it out, here’s a simple checklist to assist in your decision.… Continue Reading
The Different Types Of Popular Retirement Funds
Workers need to survive when their working days are over. They need a regular source of income to pay their bills when they can no longer work. Thus, every worker needs a retirement plan for the rainy days ahead. Workers can choose from the different types of retirement plans available. Each of these plans has… Continue Reading
How to Improve Your Family’s Finances
It’s been a while since I have written specifically about family finances. In the past year, my wife have made huge progress in our family’s financial situation. In the past year, both of us have received promotions/new jobs, increased our savings, invested more money, and also splurged a little. If you are looking to improve your family’s finances, it starts with a few easy steps.… Continue Reading
Steps to Achieve Financial Security
For many reasons that I don’t have time to elaborate on, I have been thinking more and more about financial security. Part of it is my determination to diversify my income streams, but that is only the tip of the iceberg. Despite the complexity of my situation, there are many obvious reasons why someone would think about and want financial security. The ability to sleep at night without worrying about paying for this or that. The ability to work when you want or follow your dreams.… Continue Reading
Carnival of Retirement – 32nd Edition
Welcome to the 32nd edition of the Carnival of Retirement. There were a lot of great articles, so let’s just get down to it. Below I have broken up the carnival of retirement into four sections: 1, Featured Articles. 2, How to Get to Retirement. 3, What to do in Retirement. 4, Other. I thought this might prove useful for several reasons. It makes it a little more readable, but it also highlights all the things that contribute towards retirement. Whether it’s saving money on groceries, living a frugal life, investing, buying a rental property, or anything else. For the most part, all of it affects our retirement.… Continue Reading