In response to the recent economic conditions, people are cutting back in many, many ways. For the most part, this is good; America desperately needed to examine our spending ways and trim the fat.
Expenses that drain the bank without giving us much real value should automatically get the boot when tightening the reins. We can […]
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Anyone can achieve wealth over time with the awesome tax-sheltered tools we have available, and it’s actually incredibly easy to do so. Individual Retirement Accounts, or IRAs, are my favorite vehicle for tax-free growth. If you don’t know much about IRAs, there’s a gazillion good resources out there to check out (all I will say […]
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I recently came across a Wall-Street Journal article titled ‘Hard-Hit Families Finally Start Saving, Aggravating Nation’s Economic Woes‘ (you may need a journal subscription to receive the full text). In a nutshell, it describes how our national savings rate, which for a long while was about 0%, is expected to rebound to at least 3-5% as Americans […]
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If you were around back when The Civic Rolls Past 100,000, you’ll know that I’m pretty in tune with my car’s role in personal finances. Shortly before I wrote that post back in June, I opened an ING account specifically to start putting some money away for a future ride. On the 100,000 mile day […]
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In this post I’m going to focus on the actual money management techniques that we can use to simultaneously have a good time today and prepare for tomorrow.
No matter how you go about budgeting your money, it needs to encompass three big objectives:
1. Save
2. Pay the bills/Avoid or pay off debt.
3. Have fun
(I […]
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