In the late summer of 2010 we paid off my minivan. The payment was $460 per month. Instead of just absorbing that money into our monthly budget we opened a separate savings account and continued to make that payment to ourselves. In Feb of 2012 we had enough in that savings account to pay off …
Well, I don’t HATE coupons, but I’m actually not a big fan of them. Don’t freak out! Let me explain. Coupons encourage shopping, and when you are shopping, you are spending money. I can hear you now, “But when I use a coupon I’m saving money!” If you are using the coupon to buy something …
Saving for retirement is an important part of financial planning. Being familiar with the rules of both the Roth and Traditional IRA is important. It might seem complicated at first, but it’s really not. You don’t have to have it memorized, just be familiar with it. The main difference between a Roth IRA and a …
Saving and investing are really the same thing. The word “saving” implies low risk/ short term, and the word “investing” implies higher risk / longer term. But really, when you get down to it, they are the same thing. A lot of people get thrown off by the word “investing” thinking it’s something you have …
The theory behind Maslow’s hierarchy of needs is that you start on the bottom level and can’t move upwards until the needs on the current level have been met. For example, if you are starving you will do whatever it takes to get food, even if it means risking your safety. Once you have food, …
My 8 year old just bought his first stock today. He’s very proud and was going to tell all his friends at school. No one will know what he’s talking about but I’m glad he’s happy. It all started at Disneyland earlier this month. We were walking around he said something like “Disneyland makes a …
