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As you grow in your career, make more money and invest more, your net worth grows (usually). For many people, net worth is a good barometer of how well you’re doing based on the money you have saved, your age, and how much you make. So, in this article, we’ll explore how much net worth…
This is the third day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Previously, we looked at how to set financial goals you’ll actually achieve. In this podcast, we discuss the importance of a net worth statement, how to prepare one,…
Vacationing together can help you unwind, reset sometimes tense parent-child relationships, and strengthen family bonds. And more Americans seem to be remembering that. From the late 90s until 2014, the number of vacation days Americans took annually dropped precipitously. But it’s on its way up again, with the average for 2017 at about 17 days…
Financial independence everyone wants it, but not everyone achieves it. Why? The reason is probably that financial independence is a process. It requires effort and commitment over a long period of time. Everyone’s definition of financial freedom is unique, which means that the path they take will be unique to them, too. Unless you’re prepared…
We all want to manage our money better. But while getting stuck in the details and managing every dollar spent might work for some, for many (like myself), it would cause a huge headache. In this MoneyPatrol review, I lay out the pros and cons of a new app that automates as much of your…
On its surface, envelope budgeting seems like a good idea. That is, until you try it. Believe me, I’ve tried it. And tried it. And tried it. And every time I’ve tried it, there’s some reason that envelope budgeting doesn’t work for me and my family. If you’re considering envelope budgeting because you think it’ll…
Even if you’re a budgeting machine who has it all together, you may still get surprised once in a while. Usually, you’ll be caught off guard by one-off expenses. These are items that you should technically expect, but they tend to sneak up on many of us. After all, it can be hard to remember…
I met Rob Berger for the first time just last year. He was winding down his work on Dough Roller, the website he built from the ground up in 2007, and I was taking over the editorial reigns. We bonded immediately over our shared passions for personal finance, publishing, and, most importantly, chess. That day,…
Do you live in fear of overdrawing your checking account when several bills come due? Do you carry a credit card balance because you’re living beyond your means? Do you have no idea where your money is going each month? If you answered yes to any of these questions, you need to learn to budget….