Today’s market volatility is the worst that it has been in over 10 years. The average investor needs to be more diligent and discerning when choosing their investments. The S&P500 index fell 19% in 2022. The worst performance recorded since 2008. The NASDAQ experienced an even worse performance with a loss of 33.1%. With lossesContinue reading “Savings Account Alternatives For Beginners”
Category Archives: Budget and Saving
How To Avoid A High Medical Bill
An unexpected high expense is the worst thing to happen to someone trying to budget and get their life together. Healthcare costs in the U.S. are notoriously high. It is then no surprise that medical bills are listed as the number one reason the average American files for bankruptcy. Medical bills are complex. Unlike yourContinue reading “How To Avoid A High Medical Bill”
Benefits Of Being Frugal
The word frugal often conjures up images of misers, miserable penny pinchers and extreme cheapskates. For some reason, people also assume that because someone chooses to live frugally that means they simply cannot afford luxury. Being frugal is none of these things. It’s simply being intentional in how you choose to spend your money. AndContinue reading “Benefits Of Being Frugal”
A Very Merry Budget Friendly Christmas
We are now in one of the biggest shopping holiday seasons in the U.S. Even those people who do not celebrate this time of year still take advantage of the sales and discounts being offered. It’s pretty easy to get sucked into the advertising and end up spending a lot more than you budgeted for.Continue reading “A Very Merry Budget Friendly Christmas”
Steps To Prepare For A Recession
Recession, soft landing and economic slowdown are frequent buzzwords on the news about the economy these days. Regardless of your feelings about the current state of the economy, there’s sufficient evidence that a recession may be on the horizon (NPR). Indicators like a 9% inflation, the slowdown in hiring from the top U.S. tech companies,Continue reading “Steps To Prepare For A Recession”
Money Lessons From A NYC Sanitation Worker
One of my favorite pastimes watching programs that explore how people of different backgrounds spend and budget their money. This is how I came across a YouTube video from CNBC that centered on a man who ended up in sanitation due to the COVID-19 pandemic [watch video here]. Anthony’s story is a humbling one ofContinue reading “Money Lessons From A NYC Sanitation Worker”
5 Money Habits To Drop In 2022
A lot has changed economically since 2021. The Federal Reserve Bank is restricting monetary conditions, job growth is slowing down, company earnings and forecasts are trending down, and all three major indexes are also down year-to-date. 2022 is forecasted to be quite different from 2021. With this in mind, you’ll have to adapt to theContinue reading “5 Money Habits To Drop In 2022”
4 Reasons Your Budget Isn’t Working
Budgeting can be an easy task. What is not easy is finding the time, committing to the discipline, and exercising consistency. While some find budgeting easy, others find it very frustrating and are left discouraged. Sometimes to the point where they give up altogether. This does not have to be you. You can achieve yourContinue reading “4 Reasons Your Budget Isn’t Working”
3 Trips You Can Take With Your Tax Refund
Spring is here and it’s time to enjoy the warm weather. With most states having lifted the COVID-19 restrictions, traveling is now much easier but still remains relatively affordable. If you’ve been like me and spent much of the past two years isolated, you are well overdue for a vacation. Another piece of good newsContinue reading “3 Trips You Can Take With Your Tax Refund”
Effective Ways To Prevent Lifestyle Creep
Lifestyle creep happens when increased income leads to increased discretionary spending. It is one of the primary reasons some people are unable to build the wealth they desire. When our income increases, we feel we should reward ourselves for our effort. Unfortunately, that reward is usually spending excess money on things that do not getContinue reading “Effective Ways To Prevent Lifestyle Creep”