When many people think about taking a vacation or time off from work, they usually think about trying to leave the city, state, or country where they live and escaping to somewhere new. However, have you ever thought about taking a staycation? It may be exactly what you are looking for. Below is everything you need to know about a staycation: You can save a lot of money. A “normal” vacation can be very expensive. You can easily find yourself spending at least a few thousand dollars to fly somewhere and enjoy a new town/state/country. With a staycation, you can...
A New Generation of Money Management
Negatives Of Being Your Own Boss
Last week we discussed the Positives Of Being Your Own Boss. There are many positives, however not everyone is the same and being your own boss is not for everyone. Some people just don’t like it, and some people just aren’t cut out for it. Most people say that they would love to be their own boss, but most don’t actually know what it’s like until they do it. Today, we will be talking about the negatives of being your own boss. I am my own boss and I love every single minute of it, but not everyone feels the...
Positives of Being Your Own Boss
Most people say that they would love to be their own boss, but most don’t actually know what it’s like until they do it. Today, we will be talking about the positives of being your own boss. I am my own boss and I love every single minute of it. The ability to create your own schedule. One thing that I love a lot about being my own boss is that I can create my own schedule. I love having a flexible schedule and being able to determine when I work best and when I can actually accomplish things. It...
Should You Buy Or Lease Your Next Car?
Whenever someone brings up the possibility of leasing a car, usually most people nod their heads and say they would never do that. However, do you really know much about leasing? There are positives of leasing your next car, but there are negatives as well. Here are some things you should think about before you buy or lease your next car. With leasing, there are mileage limits. If you drive a lot of miles each year, then leasing a car may not be for you. Usually leased cars have mileage limits of somewhere between 12,000 to 15,000 miles each year....
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What do gold and money have to do with each other?
What do gold and money have to do with each other? Here are some quick facts about gold: It is quite scarce; it has a high value for small amounts and is enough to go around; all the gold EVER mined weighs approximately 171 thousand tons; and at today’s current price, gold is worth approximately $1,346.60 per ounce in USD. Here is a cool picture that explains gold and currency even more, and why currency is worth something.
Balance SheetsPersonal Finance
How To Plan A Wedding Without Going Into Credit Card Debt
Weddings can be very expensive, and many people bust their wedding budgets each and every single year. The average wedding is somewhere around $26,000, which is a lot of money! I was reading a forum the other day and I came across someone who said that they went into $50,000 worth of credit card debt because of their wedding. While I think a wedding can be a great time, I also do not think that people should go into insane amounts of debt because of it. I think it’s very possible to have a great wedding on a realistic budget....
How To Avoid Lifestyle Inflation
I believe that most people fall to lifestyle inflation eventually. You most likely will not live the same lifestyle as you did when you were 18 and fresh out of high school or 22 and fresh out of college, but you also don’t want lifestyle inflation to get so out of control in your life where you have so much debt that you don’t know what to do next in life. Some lifestyle inflation is to be expected, but what do you do when you know that your income will keep increasing but you want to avoid drastic lifestyle inflation?...
Personal Finance
Saving Money When Food Shopping
Groceries can be expensive. They are usually one of the biggest line items in our budget each month, and we are always looking for ways to decrease our food spending. I know of people who can manage to spend $200 a month feeding their whole family delicious meals all month, and then I also know families that spend $1,500 a month on food for their family. I’m always looking to be on the lower end of food spending. I mean, who doesn’t? Here are my grocery spending tips so that you can start lowering your food budget: Have a meal...
Balance SheetsPersonal Finance
Frugal Workout Ideas
As your New Year’s resolution, you may have made a deal with yourself to workout more. You may have also made a resolution to save more money, which means that a gym membership may not be in your budget. However, do not fear, there are plenty of ways to get workouts in and be more healthy and not spend a ton of money. You will be working out more, but there are ways to prevent excessive sweat. Here are different ways to get a workout in (whether they be big or small) and not spend a ton of cash. Use...
Financial Topics To Discuss Before You Get Married
Before you get serious and/or get married with your loved one, there are a few financial topics that you should discuss. I have heard horror stories where people did not know that their spouse had hundreds of thousands of dollars worth of debt until after they got married, and those type of stories always shock me. In some cases, people don’t even ask their spouse any sort of financial question until right before they get married. However, I think financial topics should be discussed while you are engaged and it doesn’t hurt to do so beforehand as well. I think...