In some areas of life, having high standards will propel you forward and help you achieve your goals. For example, holding yourself to a high standard at work usually leads to career advancement and raises. But sometimes perfectionistic tendencies can hold you back and cost you money and time. Here are 3 instances in which lowering my standards improved my finances. Letting Go of an
4 Tips to Help You Thrive on a Single Income
Lately, I’ve been thinking about how my partner and I will adjust to living on a single income. We’re still undecided about having kids, but if we do start a family, I will probably become a stay-at-home mom. My mother was a homemaker and was able to create such a cozy home environment and give my sister and me lots of individualized attention. Naturally, I
How To Avoid Common Stock Trading Mistakes
The stock market has attracted everyone towards itself with its success stories. Moreover, people of today are more engaged in investing than ever before. With all these circumstances, the stock market keeps on growing. So, you may be wondering: how to avoid stock trading mistakes. Many people only see stock markets and investing as profit creators; however, they forget there is a certain degree of
5 Belongings To Sell For Extra Cash
Due to inflation, a lot of us are feeling the pinch right now and are in need of some extra cash. Selling some of your belongings on resale websites like Facebook Marketplace and Craigslist can be a good way to put some money back in your pocket. However, you have to be selective about which belongings you list. Some used items like video game consoles
3 Celebrity Finance Mistakes You Can Learn From
Although celebs look perfect in the movies, they’re still human and sometimes make the wrong money moves. Many of our favorite stars including Lady Gaga and Rihanna have made costly financial mistakes that ate up a big chunk of their net worth. Luckily many celebrities have been willing to share their financial blunders so the rest of us can avoid following in their footsteps. Here
How Much to Pay Your Kids for Chores
As a mother and an entrepreneur, I have a hard time finding that perfect balance between having chores my kids must do and paying them for chores. While I want them to be proud that they earned their own money for working hard I also don’t want them to expect that I pay them for every little thing that they do. Instead, I’ve got to
3 Bad Excuses for Overspending
More than 80% of Americans say they overspend and exceed their budget at least some of the time. Part of the reason why we overspend is because we’re very good at justifying purchases in our heads. When something is on sale, we convince ourselves that we’re saving money by purchasing it even if we don’t really need it. Phrases like “YOLO” and “treat yourself” are
3 Personal Finance Rules That May Be Outdated
Money rules and guidelines like “save a 6-month emergency fund” are useful when making a budget and determining if you’re on the right track financially. However, some conventional personal finance wisdom might be a bit outdated. Many money rules haven’t been updated in a while and may not reflect the post-pandemic economy. High inflation, interest rates, and housing prices may make certain personal finance guidelines
Don’t Make These 4 Retirement Mistakes
Recently I’ve seen several articles and videos discussing financial mistakes that retirees regret making. Us younger folks can glean a lot of wisdom from our elders, including important financial lessons about saving and retirement. Many seniors say they wish they’d built up a bigger nest egg and invested in assets that provide a steady income stream. Here are 4 financial mistakes retirees regret making so
4 Ways to Avoid Buyer’s Remorse
Buyer’s remorse is the pit in the bottom of your stomach that you feel after making a purchase you regret. For me, buyer’s remorse usually kicks in if I buy something I can live without. If I don’t really need an item, I often regret purchasing it and wish I would’ve saved the money instead. But buyer’s remorse can happen for a wide variety of