I love my credit card. And I may get flayed alive by the Dave Ramsey fanatics out there, but for those who can use them wisely (like yours truly – I would definitely be the villain if Visa ever wrote a superhero comic), I think they can be a great tool to earn some free swag.Read More
If you’re anything like me and 72,000 other ladies out there, you’ve felt the effects of summer on your wallet. Outdoor concerts, Saturdays spent on the lake, margaritas on the patio of your fav tequila joint…they tend to get the best of us, and before you know it, summer’s gone and so is all of that progress you had been making towards your goals. Damn you, patio beers.Read More
Going off to college is one of life experiences that bring both excitement and trepidation. Many students look forward to the challenge of managing their own finances, yet few are truly equipped to handle the demands of both school and money. After paying for the high cost of tuition, books and fees, students are asked to stretch their money from the first of the month to the end, all the while paying for their food, transportation and comfort. Mastering these personal finance hacks for saving money in college without sacrificing the experience that will make it all the more enjoyable and certainly less stressful.Read More
You guys, I love talking with customer service reps.
Most people find that super weird. Why would you like be put on hold? Why would you like battling with reps only to be told that “there’s nothing we can do?”
Why do I love it? Because I understand how to do it. Nine times out of ten, I succeed in getting what I want (and sometimes, more than I what I want.) I’ve literally saved thousands of dollars, and sometimes earned money/perks, by simply taking a few minutes to call or tweet customer service.Read More
When I first graduated college, I thought I was making bank…and I spent like it, too. I remember allowing myself to buy an Icee while at the movies, and it was the tip of the iceberg that sent me over the edge. I loved the feeling of not having to worrying about buying $5 frozen juice, and let me tell you, those first few months I ran with that mindset. I purchased those shoes I loved but didn’t really need, rounds at the bar, a new TV…you name, I bought.
However, after a couple of months, I looked at my bank account and noticed that it hadn’t really moved. At all. I thought I was making all of this money, but it ends up I was also spending all of it, too. And for a girl who had bigger plans – like travel and buying a home and starting to save for retirement – this attitude just wasn’t going to cut it.Read More
See if you can relate:
You’re in your 20s or early 30s and always manage to pay the bills on time but your savings account never seems to grow.
You can’t afford a gift for your friend’s bridal shower but always have the means to buy drinks at the bar at 2:30 in the morning.
You buy the latest and greatest Mac but have no emergency fund.Read More
I wish you could have seen me in the first few weeks of owning my home.
First of all, picture a house that has no dining room table, fold-up chairs serving as seating in the living room and your grandma’s 1980s coffee table being used as a TV stand (that lasted for more years than I care to admit). I’d try to throw a meal together using what little kitchen utensils I had on hand and then eat said meal off of a paper plate in a chair my parents had spent many evenings in watching my soccer games. And why?
Because I had no idea of what it actually took to outfit a home. Multiple trash cans? I now need multiple trash cans?Read More
Complete honesty moment: saving money is second nature to me.
Even as a teenager, when you’re supposed to be a little reckless with your cash, I was hoarding the dollars I made in that amusement park ice cream stand like I’d never make another. In college, when my friends were complaining of bank accounts with less than $20 in them, I never went below $1,000. And in the past 3 years, I have managed to save $60,000 as a single lady all on her own, and that even excludes anything I contributed to retirement. Like I said, I’m a natural.
However, this isn’t the case for most millennials. In this 2016 GoBankingRates study, they found that 72% of young millennials (18-24) have less than $1,000 saved, and 31% have no savings at all. It doesn’t get much better for the older millennials (25-34) either: 67% have less than $1,000 and 34% have nothing saved.Read More
I think one of the reasons I fell in love with personal finance is that like all other stems of math, there seemed to always be just one right solution. In high school, I could BS my way through a written English exam with the best of them, but a math test? You had to know your stuff. And that’s what attracted me to this field: I liked knowing that if I made the right choice, I would end up with enough money in the bank to support the life I wanted to live.
However, once I started writing this blog, I quickly realized that personal finance wasn’t all black and white. Yes, it’s a lot of numbers, but there’s also a lot of emotion that goes into managing your money properly. People out there have a million different circumstances that can affect their financial decisions, and those in similar situations may choose different paths that ultimately lead to the same success.Read More
One of the most heart-wrenching issues I have with our modern day education system is how little emphasis they place on money management. You’ll learn about the Baroque period, how to identify 50 different types of rocks (literally had to do this), and what Buddhism is all about, but money? Nah. We’ll skip it. And even if you do take a personal finance course, it’s all so academic that it’s hard to apply it to real life.
When I graduated from college and was in the midst of my first month at my “real” job, I remember heading to the movies and thinking how nice it was to not worry about buying a $5 Icee at the theater. The freedom! The liberation! The independence!
And then at the end of that month, reality smacked me in the face when I looked at my bank account and had no idea where all that money I had earned went. I thought I was making a killing, but I soon learned my salary didn’t get me as far as I thought it would. Cue a defeated 22 year-old and some sad, dramatic soundtrack.Read More