Before I joined Reddit personal finance communities, I was pretty clueless about money. My parents didn’t teach me much about finances, so I didn’t understand the importance of building credit or saving for the future. And sadly, that’s all too common—only 4 in 7 Americans are financially literate, and about 75% of millennials don’t understand basic financial concepts. Luckily I came across financial forums like
Why Are People Obsessed With Money?
It’s normal to care about money. Without it, we wouldn’t be able to take care of our families, achieve lifelong dreams like traveling the world, and retire someday. But some people take things too far and stop seeing money as a means to an end. They view the pursuit of money as their sole goal in life to the exclusion of relationships, hobbies, and work-life
Can You Deposit Old Dollar Bills in an ATM?
Dollar bills go through vending machines, sit in wallets, and change hands many times throughout their circulation. This can cause them to lose their crisp appearance and get creased, worn, and folded. On average, a dollar bill only lasts for about 21 months before it needs to be retired. If you have some crumpled-up cash that looks like it’s seen better days, you may be
How My Partner and I Stopped Fighting About Money
Studies have shown that money is the number one reason couples fight, and my partner and I are no exception. I’m a natural saver while my other half is a bit of a spender. This caused quite a few disagreements when it came time to combine our finances. But after a lot of communication and compromise, we’ve come up with a financial plan we’re both
Going Vegan Cost Me a Lot of Money, But I Don’t Regret It
One of the main reasons people say they can’t go vegan is because it’s too expensive, which I completely understand. My partner and I spend about $600 on groceries every month because of my special diet, which is far more than we’d like to pay. The staples of a vegan diet—rice, beans, pasta, veggies, and fruits—are some of the cheapest items at the grocery store.
How I Overcame My Guilt About Spending Money
If you’re a financially responsible person who’s trying to save and invest as much of your income as possible, it’s easy to overcorrect and become too frugal. This may cause you to feel guilt over spending money instead of saving it, even if you’re buying something you need. For most of my life, I’ve struggled with anxiety over spending money, but have managed to overcome
How I Avoid Lifestyle Creep
As your income increases, it’s natural for your spending to go up. But when you secure a big promotion, it’s important not to let your purchasing habits get out of control. If you loosen your belt too much, you might end up neglecting your other financial goals like saving for retirement. To help you avoid lifestyle creep, here are four of my best tips. Save
How To Make Extra Cash On Memorial Day Weekend
Looking to make extra cash on the Memorial Day weekend? If you don’t have any other plans, why not take the time to bring it a little extra green to help pad that bank account. There are a few ways that you can make this happen, here are five things you can try out: Offer to Dogsit Dog Sitting is a great long weekend gig.
How to Save $10000 in 2020
Would you like to save $10000? Let’s be honest who wouldn’t. It would be super nice to put that money towards debt, one of your savings goals or just away for a rainy day. But that’s a lot of money, so is it even possible? Of course it is, you can save $10000 in 2020. But it’s not going to be easy and you are
7 January Money Tips: Start Your Year Right
It’s a brand new year and that means it’s time to start your year off right. There are a ton of money tips out there, but here are seven that will help you get off on the right foot this January. Don’t Get a Gym Membership One of the priciest things people do in January is get a bunch of memberships. We want to change