Living for today - Planning for Tomorrow
Because of the pandemic, we’ve all been spending more time at home, which has shifted our financial priorities. Instead of investing money in travel and experiences, Americans are spending more on home improvement projects than ever before. In 2020 alone, consumers spent a combined $420 billion on renovations to turn their houses into their dream homes. Before quarantine I didn’t understand the importance of home
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
We all dream of winning the lottery so we can enjoy financial security and do whatever we want with our lives. Whether you’ve won thousands or millions, hitting the jackpot is an exciting moment you’ll never forget. Now that you’ve got some extra zeroes in your bank account, you may want to share your newfound wealth with your loved ones. Here are some tips on
If you read budgeting blogs or watch frugal living YouTube channels, you’ve probably heard of pantry or “use it up” challenges. Pantry challenges involve eating the food you have on hand in your pantry, fridge, and freezer instead of going to the grocery store. They usually last for about a month to force you to use up everything in the house so nothing gets wasted.
If you have a passion for travel, it may be a good move to start a personal tour guide business. You can turn your knowledge of your local area into cash by taking tourists around to the best fishing spots or historic sites. Tourists want to enjoy their trip to the fullest and have unique experiences, so they may be willing to shell out a
A couple months ago I wrote a blog post about how I’m not making any cosmetic updates to my 1970s house. But one home upgrade I plan to make as soon as I can afford it is adding solar panels to my roof—and I’m not alone. According to a recent survey by Pew, most Americans say they’ve seriously considered buying solar panels or have already
You turn off the lights when you leave a room, shut your air conditioner off if you’re not home, and try to conserve water. So why are your utility bills so high? Even if you use energy responsibly, these common culprits of high utility bills can still drain your bank account. Here are five hidden causes of expensive power bills and what you can do
If you’ve noticed that you’re spending more than ever on gas and groceries, you’re not alone. Over the past year, consumer prices have increased by 5.4%. Annual inflation usually sits at around 2%, so this is a big change for all of our budgets. Although wages have been increasing in many industries due to labor shortages, experts say that they may not be rising fast
If you love animals and want to turn your passion into a business, you may be wondering how to start a pet insurance company. The insurance industry is highly regulated, which can make launching this type of company a challenge. You’ll need to do a lot of research and possibly pull together a large amount of capital to make it happen. But if you’re ready
If you don’t have enough room in your budget to go away this summer, that doesn’t mean you can’t have a great vacation. Staycations are an alternative to regular trips that allow you to save money while still having tons of fun with your family. Believe it or not, I actually prefer staycations to going away. When I take time off from work, I use
