Many of us who are employees of a business receive a matching contribution to our retirement plan that ends up being equal to around 3% of our pay. However, there are some people who are fortunate enough to have their employers contribute a much larger percentage of their income to their retirement account without the employee having to contribute anything. If you receive a large contribution to your retirement account without having to contribute anything yourself, should you still save your own money for retirement?
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Is Saving Boring? Can It Be Exciting?
4 minute read
It’s that time of year where we’re thinking more about spending than we’re thinking about saving. Black Friday has come and gone, but retailers are still going to provide plenty of “deals” and advertisements to entice you to spend money during the holiday season. People are obsessed with getting a deal, even if it’s not really a deal but we think it is anyways. But, what if we were just as obsessed with saving our money?
4 Ways to Save for Your Child’s College Education
4 minute read
College is expensive, and the costs of attendance generally continue to rise at a significant rate. Many people want to at least help their children through college financially, if not pay for it for them completely. But should you?
Increase Your Net Worth By 7,307% In One Year? It Can Happen.
< 1 minute read
Today, I’m going to take the opportunity to brag on Amanda’s financial progress. From July 31, 2017 to July 31, 2018, she was able to increase her net worth by 7,307%. I think that’s pretty incredible.
To Roth or Not to Roth
3 minute read
We all know by now that we need to start saving for retirement early. However, that funny word comes up every now and again that we don’t quite understand: Roth. More employers continue to add Roth options to their 401(k) plans and, depending on your situation, taking advantage of the Roth option could provide a great benefit to you in the future.
Using the Dependent Care FSA to Save Money on Child Care Expenses
2 minute read
Raising a kid is expensive. Really expensive. According to a United States Department of Agriculture study published in 2017, it would cost an average of $233,610 to raise a child born into a middle-income family in 2015 through age 17. That’s a lot of money.
The 35-Year-Old with Almost 3X Salary Saved
3 minute read
In my opinion, there’s a lot to be said for living a simple life. I see a lot of value in a life where you don’t feel the need to get caught up in all of the latest trends, to compare yourself to others, or to spend money to impress others.
Apparently young people don’t want to hear about saving for retirement
3 minute read
Last week, Alessandra Malito published an article for MarketWatch titled Money Milestones: This is how your finances should look in your 30s which caused an uproar among millennials on Twitter.
An Easy Way to Save Money on Insurance
2 minute read
Insurance. It’s the necessary evil, right? Hopefully, we never have to use it.
Saving Money While Traveling: Hiking & Brewery Tours
2 minute read
As I’ve written before, Amanda and I love to travel and we try to do so relatively frugally. Two things that we really like to do that don’t cost much at all are to hike and to take brewery tours.
