Say whaaaaat? You trippinn. In the online finance community, we talk a lot about these two little words “compound interest”. We know that compound interest is essential in growing our money. But what we really mean is, compounding is essential in growing our money. Not every financial product earns compound interest. Not many financial products… Read More PSA: Investments Don’t Earn Compound Interest
Recently my boyfriend and I had a conversation about refinancing his student loans. I had occasionally brought this up…REAAAALLY SUBTLY, but the conversation never really led anywhere. I never pursued it further because I really knew nothing about the details of his loan nor did I know much about refinancing, but the refinancing seed was… Read More Which Debt Personality Are You?
Have you ever spent money on something then thought later “That totally wasn’t worth it”? Our buyer’s remorse operates in an unfairly black and white manner. While the “me” that’s making a purchase at the time operates on a spectrum. It’s NEVER just “it’s worth it” or “it isn’t worth it”. If it were, we… Read More Where Your Spending Falls On The Spectrum of #WorthIt
You know what they say…Moms know best. And seriously, my mother is probably one of the most frugal people I know. My parents have improved their economic situation so much since I was growing up, so I think they’ve loosened the reigns a bit on the frugality, but when they were trying to get ahead,… Read More 7 Frugal Hacks From My Frugal Mother
The 10/10/10 test is this. Ask yourself how you will feel about your decision: 10 minutes from now. 10 months from now. 10 years from now. Funnily, my friend first told me about this type of thinking framework when I was going through my first breakup! It’s really magical for thinking about our decisions, dilemmas,… Read More The 10/10/10 Test For Financial Decision Making
If you know me now or if you don’t know me at all fellow blog readers, you wouldn’t know…I used to be a HUGE collector/hoarder/crazy cat lady without the cats when I lived in New York. I was a collector of clothes, nail polish, books, board games, weird kitchen tools, shoes, makeup, camera equipment, spices,… Read More 7 Lessons I Learned From Spending Money On A Storage Unit
So it’s pretty easy these days to get targeted for a credit card, usually with pre-approved or pre-selected offers. But does this mean it’s actually a good idea to apply for these cards? We have to be really honest with ourselves, especially if we’ve had no history of using a credit card before. Before you… Read More Is Your Financial Fitness Pre-Approved For a Credit Card?
I’ve had this on my mind for a long time–why are so many people misinformed about how to properly use a credit card, and end up using them irresponsibly? I keep thinking, if you use a credit card responsibly, isn’t it the same as how you would treat borrowing money from a friend? For the majority of people,… Read More 5 Things Your Friends Have In Common With Credit Card Companies