Living for today - Planning for Tomorrow
Figuring out your love language can help improve your relationships by making you feel more connected to your loved ones. But have you ever considered how your love language may be affecting your finances? According to author and counselor Gary Chapman, there are five different types of love languages that dictate how we prefer to give and receive love: Words of affirmation Physical touch Acts
Today I thought I’d discuss a topic I’m passionate about, but have never covered before—the gender investing gap. Although women tend to be more effective investors than men and earn higher returns, we don’t invest as often. Women keep up to 71% of our assets in cash, and some of us aren’t investing any of our money at all. About 66% of men currently invest
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
The holidays are already one of the most expensive times of the year without factoring in inflation. Once you consider the impact of rising costs on your holiday budget, you may feel like emulating Scrooge and canceling the holidays altogether! But fear not—there are still ways to enjoy the holiday season without draining your savings, especially since you’re starting to think about Christmas early. Here
Recently I read an article about recession fatigue. It’s a feeling of financial exhaustion that many Americans are dealing with right now. For over two years, we’ve been faced with a lot of economic uncertainty. The pandemic caused many workers to get laid off and record levels of inflation have strained our budgets. Now we may be heading toward another recession in 2023. It’s been
Believe it or not, my favorite personal finance book isn’t loaded with money-saving tips. It isn’t even a personal finance book at all. It’s called Dopamine Nation by Dr. Anna Lembke, and it’s about neuroscience (dopamine specifically) and how to find balance in our age of instant gratification. Reading it fundamentally changed my relationship with money and helped me stop overspending, so I wanted to
After a long day of work, most of us just want to melt into the couch and binge our favorite shows on Netflix. Enjoying a lazy day every now and then can be restorative and make you more productive when you get back to work. But if laziness turns into a habit, it could cost you a lot of money. If you frequently take shortcuts
Ensuring that you have a solid retirement plan in place is crucial. Pensions are largely a thing of the past, and the future of Social Security is up in the air. So if you don’t save enough in your 401k over the course of your career, you may not get to have a retirement at all. Knowing this, I’m being conservative with my retirement planning.
Shopping secondhand is a great way to save money and benefit the planet by giving discarded items a second life. However, there are some items that simply aren’t safe to buy used, such as bike helmets. And depending on the item, it may be better to spring for a new version from the store that will last longer and give you more years of use
Previously, I’ve written about the ways that being a minimalist can save you money. Practicing minimalism can help you buy less, stay organized, and give you the mental clarity you need to focus on your financial goals. Decluttering may also make it possible to downsize to a smaller home or apartment to save money. But there are also some downsides to minimalism that are worth
