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Category: Saving

Wealth Is Relative – Remember This And Be Happier

January in Minnesota isn’t always the best place to live.  The average high during this month hovers right around 23 degrees, with temperatures occasionally dipping below zero.  When temperatures get that low, you really appreciate the days when it gets above freezing.  Luckily for those of us who live here, we’re in the middle of a heat wave!  Check out the latest 7-day forecast for those of us in the Twin Cities: Depending on where you live, those temperatures could be either really warm or really cold.  If you’re out in Southern California, you might wonder how people even live…

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Aim To Max Out All Of Your Retirement Accounts This Year

We should all have some amount that we aim to save every year. The great thing is that in the United States, the government basically gives you an amount to aim for each year in the form of retirement accounts. Since the government limits what you can put into each of these tax-advantaged accounts, it’s an easy goal to try to reach.

I think at minimum, everyone should aim to save enough each year to max out all of their retirement accounts. When you think about it, it’s not really all that hard to do. Just set up your automatic contributions once at the beginning of the year. Then do the most important thing you can do when it comes to investing – nothing!

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The 52 Week Money Challenge: The Easiest Way To Save $1,378 Without Even Trying

As we close out 2016, I thought I’d issue probably the easiest call to action out there – the 52 Week Money Challenge. This is by no means an advanced money concept. Still, I think it’s a good thing for anyone to do, no matter where you are in your financial journey. We all should have some money set aside for emergencies. And the 52 Week Money Challenge is an easy way to keep that emergency fund topped off each year.

I first learned about the 52 Week Money challenge a few years ago when I started getting interested in personal finance. You have to start somewhere and I was looking for ways to push myself just a little bit more. When you’ve got money coming in, it’s pretty easy to get lazy with your paycheck. Even if you think you’re saving money, a lot of it can slip through your fingers if you don’t put it to use somewhere else.

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A Reminder: You Probably Make A Lot More Than You Think

Thanksgiving is now behind us and with its passing comes the official start of the holiday season. I’ve always thought it helpful around this time of the year to remember how fortunate most of us are. If you’re reading this, chances are that you live in a developed country. You probably also make a decent income and have some education under your belt. If you’re smart, you might even be able to save up enough money one day so that you never have to work again. Most people in the world aren’t lucky enough to have the luxury of thinking about financial independence, let alone actually achieving it.

This is why its always struck me as a bit ridiculous when I see people with good jobs complaining that they don’t make enough to get ahead. Sure, making more money is probably better than making less money. And some cities are definitely more expensive to live in than others…

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Why Bikeshare Systems Are The Best Form Of Public Transit

Every personal finance nerd knows that biking is one of the best modes of transportation out there. In addition to just being fun to do, you also get three things from biking that you really can’t get from any other mode of transportation – speed in getting from place to place, huge cost savings, and, of course, health benefits from actually using your own body power to propel yourself forward. And I didn’t even mention the awesome feeling you get when you zoom past a bunch of cars that are stuck in traffic!

One of the best pieces of technology in the past few years has been the emergence of the bikeshare system…

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