Should You Have a Roth IRA?

IRA’s, or Individual Retirement Accounts, are good avenues to invest your money for the long-haul, and come with a number of advantages. They’re similar to employer-sponsored 401(k)’s in a way, but are totally decoupled from an employer; hence the I in IRA. Just like a 401(k), the money you put into these retirement accounts is what […]

Continue Reading

 3 Perfect Ways to Handle a Windfall

Cha-ching! Out of nowhere you suddenly have money that you weren’t counting on. Whether it’s an inheritance, your tax return, winning the lottery, or getting a bonus at work, handling a windfall responsibly is important to make sure you don’t squander your dough on something useless. How many stories have you read of lottery winners […]

Continue Reading

Zero Based Budget

I’ve played around with a bunch of different budgeting methods in my time, but I keep coming back to the concept of Zero-Based Budgeting, or ZBB, as the most fundamental of them all. On the surface, ZBB is incredibly easy. Incoming – Outgoing = 0. Every dollar you bring in has a specific home, whether […]

Continue Reading

Use the “Snowball” Method to Destroy Your Debts and Jump Start Your Investments

If you’ve read Dave Ramsey’s book Total Money Makeover you’re familiar with the snowball method for paying off debt. For those who aren’t, here’s a quick primer: List out all of your debts Order them by amount of debt, the lowest amount first Throw everything you can at paying off that debt, and pay the minimum on everything […]

Continue Reading

Avocado Toast Isn’t Ruining Anything

$19 avocado toast isn’t stopping millennials from buying homes, no matter what some millionaire in Australia may think. Sure, flippant spending is a surefire way to ruin your finances, but many who indulge in the occasional brunch do so consciously, knowing what they’re doing. If you truly believe that avocado toast and coffee are ruining […]

Continue Reading

Four Things I Won’t Skimp On

Clipping coupons from the Sunday paper was a pastime I remember fondly growing up in my household as my parents raised two kids on one (self-employed) income. We didn’t grow up poor, but my parents were always very money-conscious, and when you’ve got two hungry mouths to feed (my brother moreso than me, you should […]

Continue Reading