Do you have money leftover at the end of the month? What do you do with the money you have left in your bank account? There are only a few things you can do with your extra money: Spend it, Save it, or Invest it. Spend It Not my first choice but unless you have something pressing you need to buy for you or for someone else, there are better ways to use your money. You might say I am…
If you look at your monthly expenses, you probably will see that housing is one of your highest expense. Imagine living rent free, mortgage free, or pay a very minimal amount. You could have so much in your pocket! Moving back home was the best move I made financially. After renting and living with roommates, I decided to move back into my parents who were graciously welcoming me back. Thank You Mom and Dad! With welcoming arms, little did I…
If you’ve been shopping for a computer or laptop for your child, you probably noticed that many of them are Out of Stock especially the lower priced ones. Now that my children and possibly yours are going to start school virtually, I want to get them a laptop that is least expensive but gets the job done. There are many options to choose from: Windows, Mac, Chromebook to Dell, HP, ASUS, Acer, Apple, and more. I spent 3 days researching,…
Did you know you can take pictures of your receipts and earn money? There are a number of apps that will give you points for scanning in your receipts and when you get enough points, you can redeem them for cash or gift cards. Skeptical I was and started using one app. Then another app and another. Scanning receipts have paid off for me! Here are programs that I enrolled in and received rewards from them. This site may contain…
Your credit score is an indicator of your financial power. When you first start having any financial activity such as opening a bank account, applying for a credit card, a loan, and so on, that is when you start to build your credit score. What does it represent? It represents your credit worth and an indicator of how responsible you are financially. According to Experian, credit score ranges are as follows: Excellent: 781 to 850 Good: 661 to 780 Fair:…
I’ve had my share of good investments and bad investments. Some investments really did work out for me and some did not but I call that learning experience. The reason I’m writing this post is because Apple recently announced a 4-to-1 stock split to take effect in August. I wrote in an earlier post that I started investing in more tech stocks because of the way the Covid-19 pandemic impacted us and how I saw that technology was being relied…
Having a family is great! Trying to retire early with a family is difficult. The needs of my family changes every day every year. One of the needs that I keep in the back of my mind is how do I afford college for the children while trying to retire early? I have 7 years to figure it out and it’s one of the biggest expenses along with my mortgage. I’ve done some research on 529 plans and I know…
You probably have heard the saying Every Penny Counts or A Penny Saved Is A Penny Earned but a penny is so little. How can a penny these days make a difference? Well, the saying emphasizes that even the smallest amount is important. Have you ever looked at your grocery receipt and said I thought this item was on sale or was cheaper than what it rung up for? Did you ever experience not getting the special that was advertised?…
Right now, it’s a great time for me as a father because my daughter is at the age where she is comprehending the value of money and is asking a lot of questions. A couple of days ago while going to her lacrosse practice, we got on the subject of whether to buy a new car. We were driving and saw some old trucks and I said that those cars are older than ours and still running. I have an…
Goals are those milestones you want to reach in the timeframe you set yourself. There are many types of goals you will set in your lifetime such as career goals, financial goals, family goals, travel goals, etc. Setting goals and plans is key to achieving financial independence but you have to be strategic about it and develop a plan. In my early years, I always had a dream about becoming rich, hitting the jackpot. Yes, that is a goal but…