I first started using ING Direct (now Capital One 360) years ago and was smitten with the fact that I had the ability to easily create and name multiple savings account. Five years later I’m still dividing up my savings account to help me stay on track with my financial goals. If you’re new to the idea of using multiple savings account here are the
The Link Between Money and Happiness
There is more to happiness than money but few would argue that it cannot help. People living with debt that is seemingly overwhelming face constant problems. There might be a stream of creditors chasing them for money and no apparent solution to the problem. Some of the people over the years that have suddenly won a huge amount of money on a lottery then wasted
How to Spring Clean Your Finances
Has anyone else caught the Spring cleaning bug yet? While I’ve been walking around whipping my house into shape, one place I haven’t wanted to touch is the enormous stacks of papers lying in my office drawers. But, if I don’t get it dealt with now I can only imagine what I’m going to have to deal with in just a few months’ time. In
5 Non Stock Market Investment Ideas
Not everyone wants to put their hard earned money in the stock market. I can totally relate. It took me awhile to get comfortable with the idea of investing in the stock market and even now I lean more toward non-traditional investment ideas. If you’re looking to make your money work for you but are reluctant to start buying stocks or other similar assets here
3 Benefits of Frugal Living (Plus 2 Drawbacks!)
We talk about frugal living often on ELYM. But frugal living without a purpose is pretty pointless. So today I wanted to go over three benefits of frugal living and the ways it’s helped to improve my life (plus two drawbacks). You’ll Have Less Stress When you make the conscious choice to live frugally and spend less than you earn you’ll naturally have less stress.
The Top Three Budget Killers
If you’re at the point in your life where you’re living paycheck to paycheck or just want to save and invest at a faster speed there are certain expenses you can lower or eliminate that will have a huge impact. Sure, skipping your morning coffee will save you a few bucks but if you really want to improve your financial health fast here are the
3 Types of Household Budgets + Real Life Budget Examples
I am a firm believer that there is no one right way to manage money. We’re all in different stages of our life and we all have different personal preferences. What works for me might not work for you and vice-versa. That’s the way it should be. You should experiment with your money management systems until you find what you like and find something that
Why You Need to Have Concrete Financial Goals
As I think back over my last couple of years it’s pretty incredible how far I’ve come. I remember in my early twenties working a low paying office job and thinking that I’d never earn more than $2,000 a month. Where I live there really are no high paying jobs. As far as flexibility and pay, I was doing okay compared to others in my
The Absolute Easiest Way to Start Investing
When I look back just a couple years ago it’s funny to think of how hard I thought investing was going to be. It completely intimidated me. So of course, like an idiot, I started with individual stocks and then penny stocks. I lost almost all of my money on the penny stocks and the others aren’t doing too great either. And then when I
10 Sustainable Frugality Tips
I’m a believer that when it comes to personal finance you need to look at both sides of the equation: income and expenses. But before you focus too much of your time on income you first need to make sure that you have your spending in line. After all, if you spend every penny you earn then you’re never going to be able to save