An Easier Way to Track Your Expenses

An Easier Way to Track Your Expenses

You’ve heard it before – be sure that you track your expenses!  But why would you want to do that?  And is there an easy way to make it happen? When most of the mainstream media in the financial space talks, they want to push you toward using your income as a gauge on how prepared you are for retirement. You’ll hear various numbers thrown around such as that you’ll need 80% of your pre-retirement income to make it through retirement. I get it.  That’s fitting for a lot of the general population.  Most folks just tend to spend everything (or more than) they make.  They’re probably not on track for retirement so the advice isn’t terrible. However, you’re likely reading this

The Power of FU Money

The Power of FU Money

FU money… the dream of many a worker around the world. If you’re not familiar with the concept, FU money (aka F-you money) is the idea that you’ve accumulated enough bankroll that you can tell your boss “f*** you” if needed. Maybe you’ve just had enough and can’t take it anymore – you just want to quit and do something else. FU money gives that power… that flexibility. Perhaps you’re ready for a career change.  On the other hand, maybe you want to take a mini-retirement – a break of sorts. FU money can help. Now don’t get me wrong, FU money is not necessarily financial independence.  It can be, but it doesn’t need to be. You might not have

What to Do with Your Money Right Now

What to Do with Your Money Right Now

We’re in an interesting cycle of the economy right now.  Things are looking good, which helps boost the value of your money.  When it comes to investments, stock prices and property values are generally up. And if you’re selling, that’s a good thing.  Retirees and folks selling their houses or some of their stock investments are partying it up during these times. However, if you’re still in the wealth-building phase of your life, this isn’t as exciting.  Sure, it makes your portfolio look good, but if you don’t need the money right now, it’s taking its toll on your buying power. Using your money to buy new shares in the stock market is expensive right now.  Expensive is a subjective word,

The 10 Commandments for Kids and Money

The 10 Commandments for Kids and Money

When it comes to kids and money, we all want to ensure that they’ve got the greatest chance to succeed in life. We can push our kids to be smart and learn in school.  We can teach them to be good to other kids and to share. We can help them to understand that they should respect others.  We can show them good manners and how to be polite. But what about the money side of the formula?  Isn’t that important? I spend a lot of my time staring at Quicken and Personal Capital trying to plan for financial independence and early retirement. I feel very blessed that we’re in a solid position to make this happen. However, another part

You’re Doing It Wrong! Your Personal Savings Rate

You’re Doing It Wrong! Your Personal Savings Rate

Here’s the problem with calculating your personal savings rate… you’re doing it wrong! Ok, maybe you’re not, but I sure was! First off, let’s talk about what your personal savings rate is.  In essence, it’s a metric to be able to determine what percentage you’re putting away in relation to your income. In other words, it provides a good way to tell at a glance how well you’re saving. Someone might make a ton of money at his or her job, but if that person’s spending it all, it’s really all for nothing in the long run. However, someone else might not be bringing home a large salary, but if she’s stashing away a good percentage of it, she’s going

The 10 Best Financial Podcasts

The 10 Best Financial Podcasts

The 10 Best Financial Podcasts???  Aren’t podcasts for nerds?  Who in the heck would listen to people droning on and on for an hour talk show?! A couple years ago, that’s what I was thinking.  Then about a year ago, I canceled my Sirius XM radio subscription and learned something… local radio sucks.  Maybe that’s not the case for all areas, but where I live in Ohio, it’s horrendous. So I was stuck. Fine, I decided, I’ll give these “podcasts” a try. And guess what – I’m glad I did.  Now that’s all I listen to during my commute to and from work every day. But I don’t just listen to any podcasts – I listen, almost exclusively to personal