Savings

How to Build Wealth

How to Build Wealth: 3 Basic Steps

Updated: August 6, 2020 Financial independence is a goal that many of us want to work towards. Wealth creation is one of the factors to becoming financially independent. Many people believe that you need to have a lot of money to create wealth. This isn’t true: you can build wealth with the income you currently Read more

What Is a Traditional IRA?

If you’re looking for a way to supplement your retirement income, why not consider an individual retirement account (IRA). There are a couple of different types of IRAs: traditional, Roth, SIMPLE, and SEP. A traditional IRA is an account that grants the owner tax advantages when saving for retirement. You may open an IRA at Read more

Budget Apps

Budget Successfully with These Good Budgeting Apps

One essential habit that you need to adopt to gain financial independence is budgeting. It remains popular because many people use to control their personal finances and spending. If you’ve tried to use a budget before but it didn’t work, don’t give up just yet. Perhaps you need a little help from some good budgeting Read more

How to stay disciplined with money

Behavioral Psychology: How to Stay Disciplined with Money

Does it feel like you have no will power when it comes to saving money? You know you shouldn’t buy that new item, but it’s a steal, and it’s available for a limited time! Behavioral psychologists suggest that we don’t always make the most reasonable and rational decisions. Several cognitive and emotional factors within our Read more

Why a Good Credit Score Is Important

Having a Good Credit Score Is Important Because It Saves Money

Updated: June 12, 2020 It’s possible to go through life with bad credit. The problem is that it makes life expensive and difficult. If you prefer to be less stressed, then you should have and maintain a good credit score for future use. Having a good credit score is important because it saves money and Read more

Lifestyle Inflation

Lifestyle Creep: What It Is and How to Manage It Effectively

With more money coming in, we’d like to think we’d pay off bills and grow our savings. Yet, the money comes and goes, and we do none of that. So, if the problem isn’t that we don’t have enough money, what is it? It’s called Lifestyle Creep or Lifestyle Inflation. This is often seen in Read more

Automatic Saving Apps

Automatic Money Saving Apps to Save with Less Stress

The problem with saving money is that spending it is so tempting. There is always an urgent need or want for which you could use that money. It’s so hard to leave it alone in your checking account. So, what can you do? Fortunately, we have access to a number of automatic money saving apps. Read more

Defer Taxes

Legal Ways to Reduce Taxes

Last Updated: May 18, 2020 Just how big of an expense are taxes? On average, you can be expected to spend 25-35 percent of your salary on taxes each year. That means 3-4 months of each year (or 13 years of your life) goes towards paying off your tax obligation. Unfortunately, as long as you’re Read more

How To Save Money At Christmas Gifts

The Smartest Ways to Save Money on Christmas Gifts

It’s almost Christmas, which means it’s time to buy gifts for the ones you love. Unfortunately, many of us overspend when we shop for our loved ones. In 2017, the average American shopper accumulated $1,054 in new debt over the Christmas season. 44% of us incurred $1,000 of holiday debt, while 5% of us bought Read more