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Earn. Save. Invest.

Dollar Stacks Piggy Bank

Earning, saving, and investing, are the three mantra’s of stacking dollars. Also known as building wealth, these three words sound so simple, yet many find so hard to pull off. Earning may be hard to do more of. Saving is almost non-existent in America. Investing is a scary process for the average person. However, these three words will lead your financial freedom or at the very least a nice retirement. Continue reading Earn. Save. Invest.

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What’s Your Plan?

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It’s 2am. Do you know where your finances are right now?

Is what keeping you up at night because of your nonexistent savings? Deep in credit card debt? Drowning in student loans? You haven’t started your 401k program and wonder if you have enough time to build a nest egg?

We all have these worries. I used to worry about different financial concerns constantly. Continue reading What’s Your Plan?

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5 Ways to Build An Emergency Fund

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The struggle is real. I know. It’s a daunting task to build an emergency fund. It’s seems like a big amount in which you can contribute so little that takes too long. I know the feeling. With time and consistency to your plan, you WILL accomplish your goal. Here are five tips (and a bonus!) to help you generate a few ideas to grow your emergency fund a little faster. Continue reading 5 Ways to Build An Emergency Fund

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I Cut the Cord

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One of my goals for 2016 was to be able to cut the cord. What this means is that I get rid of traditional, expensive cable service, provided by Comcast.

I’ve been thinking about going cordless for a while. I’ve had AT&T’s U-Verse service for several years, but I switched to Comcast for their faster and better internet service two years ago. Of course, Comcast required me to be under contract for 2 years. The first year had a great incentive for around $100, then the price jumped a bit for the second year. Now that my second year is up, the price jumped drastically to the tune of over $200 a month. That’s almost double the price I started with! Continue reading I Cut the Cord

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Why I Have Two Checking Accounts

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But the way my bank account is set up….

-Kevin Hart

 

Personal finance is as complex as you want it to be. I suggest most people to keep it simple. It’s less to worry about, less accounts to deal with and certainly less chance for error when you need to move things around. Remember, financial products offered by banks are simply tools. These tools allow sending your money to the right place when needed.

For instance, a long standing product offered by banks that we all know and use is the checking account. This account doesn’t place a restriction on how often you access your money, other than daily spending limits via a debit card or withdrawals from an ATM machine. It’s the best tool available to temporarily park your income until you decide where it should go. Continue reading Why I Have Two Checking Accounts

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Creating a Budget

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The budget. The word you hear and immediately you cringe. You associated the word budget with restrictions. All you see is what you CAN’T do. But don’t think of it this way. A budget is what you SHOULD do.

Perhaps you’ve created them in the past, but never stuck with it. You simply wrote down some categories and some amounts next to them, but never followed through by tracking every dollar that comes out of your pocket and compared them to what your budget says. Perhaps you gave it a good few days, but then stopped because you thought it was tedious. Continue reading Creating a Budget

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A Dollar Saved Is $10 Earned

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One of my favorite classes during my college years was finance. It was my window to see how people in finance think about the subject in a business and investing context.

A topic I found interesting was the concept of the time value of money. In short, money is more valuable today that it is tomorrow. In addition, if I want to know what a future value of a number is worth today, I apply time value of money formulas for either the present and future value in order to make financial decisions. Continue reading A Dollar Saved Is $10 Earned