Personal Finance Archives - Page 2 of 4

How Long Do You Have To Hold A Stock To Get The Dividend?

August 23, 2020August 24, 2020

I get it. You heard about buying dividend stocks as a way to get some passive income. Now you’re wondering how long it’s going to take to get your next payout. Or maybe you’re wondering what’s the minimum time you need to be a shareholder to qualify for the dividend. That’s something I wondered about when I first heard about dividend stocks. Here’s the short answer: The length of time you’ve held onto a stock …

How to Reduce Your Healthcare Costs in the US

August 30, 2020August 17, 2020

Did you know that medical debt is the number one reason for personal bankruptcy filings in the U.S.? If you didn’t, I’m guessing that probably didn’t surprise you. Healthcare expenses are unavoidable and expensive. Worst of all, sometimes your insurance won’t cover everything, leaving you with a fat bill to take care of. If you’re having trouble managing your healthcare expenses, here are some tips to help cut your costs. They can’t make all the …

23 Simple Ways to Save Money for College Students

August 30, 2020August 10, 2020

College is expensive. Nothing new about that. But that doesn’t mean you can throw up your hands and say “Well I’m broke anyways, might as well splurge on the $6 left in my bank account”. NO! If you want to minimize the impact of student loan interest, you need to find ways to save money anywhere you can. The best time to start saving is now while you have decades of compounding growth ahead of you. …

101 Home Business Ideas with Low Startup Costs

July 26, 2020August 3, 2020

With the virus situation going on and everyone staying at home, I’m guessing a lot of people have been looking into starting their own home business. One of the biggest advantages of starting a home business is low overhead and startup costs. You don’t have to rent out a location to run your business (usually) and you have a much bigger online audience you can reach out to. This means there’s high potential for bigger …

12 Easy Ways to Save Money at Home

August 30, 2020July 27, 2020

$2,000 a year. That’s how much you can save if you apply these easy money saving tips at home. And that’s a conservative estimate (you can check the numbers yourself). That’s like a small raise! Sometimes small changes today can make all the difference in the long run. With these easy money saving tips, you can take your first steps towards saving big. No more excuses about living paycheck-to-paycheck or not having anything left to …

How to Budget for a Road Trip and Save Money

July 12, 2020July 20, 2020

Summary: To budget for your road trip, plan ahead and don’t eat out that much. Tip: Order some Huel for cheap, healthy, and convenient meals for the road. Download my spreadsheet to make budget planning easy and organized. When I think about a road trip, I think about driving for 1,000 miles with some broke college friends on a low budget spring break trip for a couple hundred bucks. Reality, however, is often much different …

How to Build an Investment Portfolio for Total Beginners

August 30, 2020July 13, 2020

Summary: Building an investment portfolio involves determining your risk tolerance and investing in assets accordingly. If you’re risk-averse you want to invest more in cash equivalents and bonds. If you have a high risk tolerance, you can put more of your investments in stocks. The rest of this post will tell you the specifics. Investing intimidates a lot of people. In fact, about 65% of young adults (aged 18-39) thought investing was scary or intimidating. …

The Complete Guide on How to Choose Your First Credit Card

June 28, 2020July 6, 2020

Summary: A credit card is a secure and convenient method of payment that can also offer benefits and rewards. There are a few factors you should consider to decide how to choose a credit card. These include APRs, qualifications, and benefits. Ultimately, choosing a credit card comes down to what works best for your particular situation. Credit cards are everywhere. You see them at the cash register. You see them as the default payment method …

Financial Milestones by Age: How to Prioritize Your Money

June 29, 2020June 29, 2020

As you go through different life stages (raise kids, buy a house, get divorced, re-marry, retire, prepare to die, etc.) your financial goals will probably change. Some of your concerns might be long term, like saving for retirement, and some could be short term, like saving for a down payment. Whatever your goals might be, there’s a good chance your priorities can be categorized based on your current life stage. Odds are, if you’re a …