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Everybody Loves Your Money

Living for today - Planning for Tomorrow

America Saves Week

Have you seen this great website for “America Saves Week”?  It has a ton of great information about saving and I especially liked reading about people who have started saving and overcome their financial problems. Here are some great highlights of the site: Saver Stories: http://www.americasavesweek.org/read-savers-stories   Assess Your Savings Progress: http://www.americasavesweek.org/assess-your-savings-progress   Are You Saving Enough for Your Retirement: http://www.choosetosave.org/ballpark/   Mortgage Payoff Calculator:

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Bank of America Freezing Pension Plan

In what is becoming a very commons occurrence in the US, Bank of America announced that it will be freezing it’s pension plans for existing employees starting in July.  This means that worker’s pensions will only pay out whatever they’ve accrued until July.  After July, Bank of America will start adding an additional 2-3% to their 401K matching for workers. http://money.cnn.com/2012/02/23/news/companies/bank_of_america_pension/ I have to admit,

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A Quick Look At Our Income Vs Expenses

Lately I’ve been spending some time looking over our budget to see if we have any areas that we can shave our expenses and I thought I’d summarize a few key data points.  We have always strived to minimize our expenses for things that don’t matter to us.  The result has been that we don’t have much of what I’d call “leakage” to our monthly

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How to Keep Your Money (Listen Up Lottery Winners)

I will confess that I really like Business Insider.  Their latest article that caught my attention was a pretty long set of instructions on how to keep your money after winning the lottery or making millions as a professional athlete.  It won’t be a surprise to most of you that it simply requires spending less than you make and creating a revenue stream from the

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A View of Our Net Worth by Assets

I was looking at one of the spreadsheets I use to track our budget and net worth and thought maybe people might be interested to see how our net worth breaks down.  While I’m not showing our exact net worth (we did just hit a major milestone), this gives you an idea of the assets we have that make up our net worth.  It won’t

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Here Is a Picture Of Everything Gary Busey Owns

There seems to be a trend lately.  (Okay, I guess this has been going on forever).  First we read about Allen Iverson being broke after making over $150 million.  Now we are hearing that Gary Busey is broke too.  In fact, it turns out most of us are much richer than Gary. A broke college student’s net worth probably beats Gary Busey’s net worth. Buzzfeed

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I Bought a Powerball Ticket

Okay, I have clearly lost my marbles.  Last weekend, I read an article about how the Powerball lottery was over $300M.  I caught myself dreaming about what I’d do with that kind of money.  After taxes they were saying it was somewhere around a $200M payout.  Of course I wouldn’t use the winnings for anything other than generating interest income but that would still easily

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Buying a Rental Sure Feels Like a Good Idea

I’ve been contemplating buying a rental property for a long time. I remember years ago when I was considering buying one, it just didn’t make financial sense. At the time, prices were at the point where I’d end up renting the property for less than the monthly mortgage payment. I can vividly recall reading articles from people like Robert Kiyosaki about how you just couldn’t

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How To Stop Being Anxious About Money

I’d like to say that this is a post about getting rid of your anxieties with money.  The reality is that this post is more about exploring my own anxieties with money, why I have them and how I combat them. I have thought about and worried about money since the 7th grade.  I grew up in a very blue collar home with parents who

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by: Adelle Magsombol

Can You Live Well on $40,000 a Year?

I read an article today about Danny Kofke.  He’s the author of the book: A Simple Book of Financial Wisdom, available at Amazon for $12.  In the article, Danny talks about how he and his family live on $40,000 per year.  There really wasn’t any new information or advice on how he does it but it’s definitely worth reading. A few things caught my eye

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