BLOG
Change Your Money Mindset: 5 Ways to Reframe the Belief, “I’m Bad with Money.”
When it comes to money, there are few things I find to be more damaging than the narratives we tell ourselves. Maybe we’ve been told this by others in our lives or watched our parents say it about themselves, but in order to move forward you need to leave this limiting belief behind.
Boost Your Savings And Learn New Skills With A Frugal February Challenge!
Because February is the shortest month of the year, it’s the perfect time for a fun challenge that will not only help you learn some new money-saving skills but also help you make some headway on your financial goals.
How to Pay for Big Ticket Items While Maintaining Your Budget
Budgets are a great tool to help allocate your money as efficiently as possible. You can use them to watch your discretionary spending, to save for retirement, or to pay down debt. You can also use them to help you schedule out large purchases. So how do you make these large one time payments fit into your budget when you wouldn’t otherwise be able to cover the cost in a single month?
Where to Stash Your Emergency Fund
Having a rainy day fund is such an important aspect of feeling financially secure. Even if you have mountains of debt, having just the smallest nest egg squirreled away can make a huge difference to your bottom line and your sanity. But where should you keep that safety net? Should you just let it sit in your checking account untouched?
How Much a Baby Costs: The First 6 Months
It’s no secret that children are expensive, but just how expensive are they? I’m sharing what I’ve learned from our family finance journey in the hopes that you can use this as a jumping off point for your family planning.
How to Calculate Your Financial Runway
If you’ve ever tried to figure out how long you could go without working then you know all about a financial runway. Whether you’re looking to extend your maternity leave or start a business, it’s the same concept. How long can you keep going before you hit your comfort threshold and dip below your sweet spot when it comes to savings? Here’s a guide and template to help you calculate your financial runway.
The Big Money Lessons I Plan to Teach My Daughter
When we learned we were expecting our first child last year, we talked about where we would travel and what board games we would play. Secretly, however, I had my own mental list of lesson I wanted to teach her, and they’re lessons I think everyone can use in their financial lives.
Are You Saving Enough for Retirement?
It’s the eternal question… How can you know if you’re saving enough for retirement? Everyone is different and their needs for retirement are different, so here are some guidelines to frame your thoughts on retirement and to calculate if you’re doing enough to get there.
Retirement Planning 101: Options for Retirement Savings
Where pensions used to be the standard structure, we now have a hundred flavors of retirement savings accounts. Today we’re breaking down some of the most common retirement investment vehicles to make it easier for you to determine where you should funnel your money.
The Two Investment Tools You Need to Know About
Investing for retirement is important, but some people might be surprised to know that the IRS actually limits the amount you can contribute to certain retirement funds. So where should you be putting your money? Luckily, there are two great investment vehicles to consider when you want to grow your money, but have the flexibility to withdraw funds prior to retirement.
How to Pay Yourself First Without Going Broke
At this point in your financial life, you may have heard the advice to “pay yourself first”. As much as this is good advice to give, very few people actually follow it, and there are two big reasons why. Here we address steps you can take to pay yourself first without going broke.
Four Ways to Save Money Without Impacting Your Lifestyle
Saving money is always a good goal, yet often we’d rather focus on our immediate needs and wants rather than our long-term financial picture. But saving money and enjoying your current lifestyle don’t have to be mutually exclusive. Here are four ways to save that won’t impact your enjoyment of your everyday life.
Saving for College: What You Need to Know About 529 Plans
If you’re looking into saving for your child’s college education, you may have heard of 529 college savings plans. But what are these plans, what are the benefits, and are they the right options for you and your family? Here’s what you need to know in a nutshell.
How To Recover From a Money Blunder
We don’t always make “the right” decisions with our money. Whether your blunder took the form of debt or you just generally didn’t get the value out of a purchase, here are some steps you can take to recover from these mistakes so they don’t follow you into the next phase of your financial life.
Why Overthinking Your Investment Strategy is Costing You
We all feel the pull to “beat the market” and to ensure that our investments are performing at an acceptable level, so often we wait for the perfect moment to invest or that shining stock that you can sell for 10 times what you bought it for. These are all good things to strive for, but for most of us, this opportunism can really hurt us.