This week, I made a slight tweak to my savings account and it will result in my savings account earning 12.5x as much interest as I was earning before. Yes – you read that correctly. I will earn 12.5x more interest by making one small adjustment to my automatic transfers. At the time of this […]
HELOC is an acronym that stands for home equity line of credit. It is a way for homeowners to access the equity in their homes without actually selling the home. Banks love these kinds of loans because they are secured by the property. For this reason, HELOCs are risky – they put your shelter at […]
During my time on this little blue ball we all call home, I’ve learned a few things. This blog is about personal finance so I’ll limit my comments here to that topic. Today, I’d like to take a look at credit cards. Many people attribute negative associations to these little plastic rectangles. It’s easy to […]
With age comes wisdom…or so they say. Speaking from personal experience, I can say that my wisdom is arriving in dribs and drabs. For their part, the birthdays arrive at a seemingly more frequent pace. I’ve made plenty of money mistakes, but I’ve finally learned to go beyond the letter “A”. Blue Lobster, what the […]
Last week, someone in the Twittersphere asked people to share their best money-making tip. Mine was simple – cook at home more. I’ve never hidden the fact that I consider my kitchen to be a magic money-maker. A few hours each week in the kitchen means that I’m not spending money on over-sized portions of […]
Truth be told, it took me a very long time to realize that banks are a tool that will help me achieve my personal finance goals. Every three months, the Big Banks release their earnings. More often than not, those earnings are in the billions, if not the hundreds of millions. And people start frothing […]
One of the cruel ironies of money is as follows: the less you have the more you need it. Take two people – Joe & Morty. Both of them have monthly expenses of $2,750 – rent, food, utilities, car payment, gasoline, and various other stuff. Joe has $500 to pay his bills this month. (His […]
Welcome to 2021! A bright and shiny new year stretches out in front of us. Have you figured out what you want to do with it? Any resolutions in place yet? Or do you firmly believe every new dawn brings you the chance to change you life as you see fit? Whichever philosophy you adopt, […]
I’ve said it before, and I’ll say it again. There is money in your kitchen! The room of your home where you keep your fridge and your stove, your pots and your pans, your cutlery and your crockery is a treasure of stored value. The way to find this money is to use your kitchen […]
Per Diem… it’s a phrase that means “an amount of money paid per day.” In the world of personal finance, it’s a phrase that is not used nearly enough. I want you to commit to a per diem. That’s right. I want you to pay yourself some amount of money every single day. I’ve written […]