Category: budgeting

Budget for Vices: What Percent of Your Income Do You Spend on Vices?

Do you budget for vices? A recent study found that households earning less than $30,000 per year spend 13 percent of their income on things like lottery tickets, prepared drinks, and restaurants. The same low-income families spend an average of four times as much on lottery tickets as households bringing in $75,000 or more in…


12 Priceless Online Sources For Improving Your Financial Education

Are you looking to understand the basics of finance, such as budgeting? How about discovering the best ways to get your finances into shape? If you are, then you may have already noticed that there is no shortage of online resources available. But, where exactly do you start? Here are fifteen recommended sources that will…


Elon Musk’s Ex-wife Justine Musk on What She Learned Living With an Extreme Entrepreneurial Success

By Catherine Clifford That’s according to the intimate perspective of Elon Musk’s ex-wife Justine Musk, formerly Justine Wilson, who was wed to the Tesla Motors businessman for nearly a decade. Those who have achieved “extreme success,” says Justine, who divorced Elon in 2008, live differently than most others. “These people tend to be freaks and misfits…


Like Finding Money You Didn’t Know You Had

You know the feeling when you reach into the pocket of a coat or pants you haven’t worn for a while and pull out a $20 bill? What would it feel like if you pulled out hundreds of dollars? And what if you found money like that month after month? It’s not magic; it can…


7 Ways to Generate a New Income Stream

You may not realize it, but most of us have multiple sources of income. For example, the contributions you’re making to your retirement are earning interest will become a new income stream. These additional income sources will be in addition to your salary—and they will make all the difference in your standard-of-living—especially in retirement. But,…


Social Security for Divorced Women

My wife and I and a group of our neighbors were chatting the other day, and it dawned on us that there are eight houses in a row on our block in which each of the couples has been married for more than 50 years! Well, not quite. My wife and I are the “newlyweds”…


Set Yourself up for Financial Success With a Budget Calendar

As you hopefully know, a monthly calendar is an invaluable tool for keeping track of important dates and events. Many of us even rely on calendars to keep our entire lives in order. But have you ever thought about adding your budget to your calendar? I’m sure you know how important it is to create…


Women’s Savings Accounts Took a Hit During the Pandemic, Unlike Mens

When it comes to retirement savings, women have been lagging behind men. Just how bad is it? In retirement, women are 80 percent more likely to live in poverty as compared with men, according to AARP. And, the pandemic has made this disparity even worse. According to an analysis from Age Wave and Edward Jones,…


50 Work-From-Home Jobs Paying as Much or a Lot More Than the Average American Salary

By John Rampton There was a time when working from home was a pipe dream, but recently, there’s been a surge of jobs you can do from your own place. Whether that’s working remotely for a company or starting your own business, there’s no shortage of work-from-home opportunities. Here are 50 options, many of which can…


Taking Baby Steps to Build Savings

Financial education almost never makes it to the top of a Millennial’s list of interesting topics. Just as previous generations in the age group of 25-40, today’s young adults often dismiss money management and financial knowledge as tedious, uninspiring, or simply too complex to spend time on. Especially for the younger members with more modest…