Compound Interest: The Eighth Wonder Of The World

Rumor has it that the incredible mathematical genius, Albert Einstein, once said, “Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn’t…pays it.”. Now, whether or not these words were actually uttered from his mouth, I am not sure, but I can see why he would have possibly made such a statement. Continue reading “Compound Interest: The Eighth Wonder Of The World”

6 Creative Ways To Help You Save Money While Dining Out

Why do we enjoy dining out?

For the opportunity to socialize, the ambiance of the location, convenience, and quality of the food – that’s why.

All of these reasons (and more) are why we choose to spend our money at restaurants. It’s what attracts us to dine out in the first place. When you think about it, between crying babies and plugging away at our day job, the last thing we want to do is spend time in the kitchen at home and prepare our evening meal. Continue reading “6 Creative Ways To Help You Save Money While Dining Out”

8 Ways To Keep Focused While On A Debt Free Journey

I must admit, at times I have felt that my goal of achieving financial freedom has looked a little grim.

In fact, the thought of quitting my debt free journey altogether has crossed my mind…more than once.

Regardless of how you feel during your own quest to seeking a debt free life, you should always be prepared for the mental battles that may cause you to lose focus.

Here are some ideas to help you keep focused while on a debt free journey.

Continue reading “8 Ways To Keep Focused While On A Debt Free Journey”

How To Create A Budget In 6 Easy Steps

If you want to manage your finances, you will need to create a budget. Creating a budget requires a lot of dedication, so you have to decide right now that you are going to be in this for the long haul.

A budget is a written or an electronic tool used as a guide to manage finances. Using a budget on a month-to-month basis makes the most sense, because your monthly income changes depending on the number of times you get paid. Continue reading “How To Create A Budget In 6 Easy Steps”

Dear College Graduate: The Minimum Payment Just Isn’t Enough

Have you ever thought to yourself, “I’ll be making minimum payments toward my student loans for the rest of my lifeeeee!“? Yup, so have I. You graduate, find a job (if you are lucky), and pay down your student loan debt…forever. That is how it’s supposed to be, isn’t it?

Wrong.

For me, I truly believed that this was the sure reality of a recent college graduate. Only because all throughout the course of my undergraduate studies, debt was perceived as being normal by most everyone around me.

Continue reading “Dear College Graduate: The Minimum Payment Just Isn’t Enough”

Are You Ready to Admit That You Are Actually Broke?

Before I begin, I would like to say that this post is in no way meant to beat you down or come off as being insensitive toward your current financial situation. I would much rather you read this post as if it were written by a close friend who cares deeply about your financial well being. I am saying this because it seems that anytime money is discussed, the mood in the room suddenly shifts, in a negative way.  Seriously, once money is mentioned, everyone quickly grabs their “I’m not broke” mask, puts it on, and pretends like they could care less about the topic. Continue reading “Are You Ready to Admit That You Are Actually Broke?”