Category: Save

A dollar saved is more than a dollar earned. If you factor in federal and state income taxes, you need to earn more than a dollar to save a dollar. One way to wealth accumulation is not about making more money but spending less. People who are frugal or thrifty usually reduce wasteful spending and…

According to data from the College Board for the 2022-2023 academic year, the average annual tuition and fees for public four-year in-state colleges was $10,940, while the average for public four-year out-of-state colleges was $28,240. The average annual tuition and fees for private nonprofit four-year colleges was $39,400. It is important to note that these…

There’s a saying, “Don’t put all your eggs in one basket”. Finance professionals advise people to diversify their investments but you should also diversify your income and have multiple income streams. Job security is a thing of the past. Industry changes over time and an economic downturn can happen at any moment.  At most companies,…

Personal Finance Tips and Tricks Growing up in central NJ, I was the second of 4 children. My father was a high school chemistry teacher and had to take on after school jobs to increase his income. My stay-at-home mother was thrifty and always managed to stretch a dollar in our household to make ends…

Teenagers have lots of opportunities to make some serious cash but you need to think about creative ways to use your skillsets. Growing up, many of my friends had part time jobs working hours at jobs they didn’t really like for minimum wage. Don’t work hard, work smart. This post shows how to make money…

Almost every day, the news headlines include stories about inflation. We hear and see evidence of it constantly in our daily lives but what is inflation and why is it important? Let’s take a look at and analyze inflation this year, particularly inflation in the USA. Please note that all opinions expressed in this post…

How do people typically learn about personal finance and how to manage their money? Wonder of Compounding conducted a nation-wide survey and the results were not that surprising. 56% of respondents said no one taught them and they had to learn on their own. 21% learned personal finance topics from their parents. 13% took electives…

Cable TV can cost some serious money. Depending on the package and number of cable boxes, you could be spending $150 to $200+ per month. That’s $1,800 to $2,400 a year! I was one of the first of my friends to “cut the cord” and significantly cut my cable bill to less than half. In…

Throughout life, it’s good to create a budget and track what’s coming in and what’s going out. A budget is a financial plan that shows income and expenses over a period of time. Budgeting might sound boring but it’s very important and the starting point for personal finance. In order to achieve your financial goals,…