Tagged With "save"

Topic

The American Dream v2.0

Rob Loftus ·
Out With The Old And In With The New The American Dream. A house in the suburbs, 2.5 children, fancy car in the driveway and a job with a pension and gold watch. This may sound a little bit outdated, but it’s still the structure, on the whole, of the American Dream. However, there has always been one flaw in this dream. DEBT. 78% of Americans live paycheck to paycheck and are literally two paychecks away from losing everything. When this happens, and it does, people find themselves losing...
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Re: Budgeting for 2019!

Nicole ·
We live on a strict budget but do use the credit cards for everything to get the cash back bonus each December. I have had to create a new budget column (Last August) for hospital parking for when we can't get the free parking on the street. I make a grocery list each month to do our big monthly shop & stick to the dollar amount, there are no extras, milk & produce is bought weekly after that with the remainder. The credit card is paid off in full each month. With the credit cards...
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Re: Save Money on Travel

LaKisha Dillingham ·
Hopper (App) and Google Flights allow you to monitor the price of airfare for your destination and recommend when the ideal time is for you to purchase tickets.
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Re: Investments for Beginners

Michael Molnar ·
Dont worry abt markets up and down just put something away every month in a good Fidelity Investments or Vanguard mutual fund. General Market fund. Look at it in 40 years and you will be Happy
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Re: Investments for Beginners

Michael Molnar ·
A 1 yr CD or Treasury Bills or money mkt with a Broker aka Fidelity, No stocks
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Re: Investments for Beginners

Former Member ·
Could you put it in an IRA? Even though you're close to retirement age, you wouldn't be taking the whole amount out the day you retire - so beyond your distribution, the money in your account would still have opportunity to grow.
Topic

Nickel Hoarding

Moore Income ·
I know, I know, this is The Penny Hoarder. But personally I have taken the concept of penny hoarding up a notch and instead, I hoard nickles! And, by the way, The Penny Hoarder even has a post about Nickle Hoarding here . The post above pretty much sums up the reasons I hoard nickels but I hadn't actually read that post until today when I was doing a little research. I personally like hoarding nickels because it is a great way for me to save money. Nickles are one coin I don't really spend...
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Re: Nickel Hoarding

FreebiePharm ·
Unique post...I have started taking my change from transactions and saving them as an additional small savings fund.
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Re: Nickel Hoarding

Caitlin Constantine ·
I love the idea of saving up change but when I've tried to do it in recent years, I've found my stash always stayed pretty small because I just don't use cash that much anymore. When you do your nickel-hoarding, is it with change you randomly find, or do you still use a lot of cash?
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Re: Nickel Hoarding

Moore Income ·
@Caitlin Constantine I actually go to the bank and withdraw money from my checking account in nickels for the purpose of hoarding. Because generally the money in my checking account is for spending, it is a way for me to save money that would otherwise be spent. I usually just get $10 in rolls of nickels when I go to the bank. I used to get $20 but then they started telling me that when anyone orders $20 or more in nickels, they charge $2.50. (Makes no sense to me why they charge money to...
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Day 16: Track Your Money (28 Days of Financial Fitness Challenge)

Moore Income ·
We are already over half way through the month and well on our way to creating a better financial future! If this is your first time seeing one of these challenge posts, feel free to check out the challenge tag where you will find all the previous and future days. Today's challenge is to take the time to track your money and your financial progress. While it is simple to do, it does take some effort on our part to do it effectively. Today was the first Saturday in a while that I was not...
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Re: Nickel Hoarding

Makingithappen2019 ·
Although this isn't just about nickels, something that has worked for me is getting a large old water bottle and not only putting all your spare change in it, but also every 5 dollar bill. I've done this for the last 2 years, and both times I ended up with between 700-900 dollars- and it was very painless!!
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Re: Nickel Hoarding

Moore Income ·
@Makingithappen2019 I like this idea. I think I need to turn it up a notch and start saving this way too! Thanks for sharing!
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Re: Nickel Hoarding

Nicole ·
In Canada, pennies were retired in 2012. So I have joked on the Penny Hoarder FB site that I'm a Nickel Hoarder as we don't have pennies anymore. Currently I save my change for school needs (a few pizza days, snacks at school movie night, field trips), the tooth fairy & any last minute money needs. If I am going to the bank & have an excess amount of change, I will deposit it to our chequing account to put back into the cashflow. Any change I find in my travels goes into a vacation fund.
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Re: Nickel Hoarding

Bonnie Squires ·
This is odd because my husband was talking to 2 of our son about saving a nickle day but add an extra nickel on a day or 2 and see what they have at the end of the year. I buy my change off our son. He works in a store so he all ways have change on him. My saving change came from my mom she all ways saved changed and soda cans and beer cans and she cash the cans in once a month. When I first got with my husband he worked in a gas stations and he saved his change in a 5 gallon water jug. When...
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Re: Nickel Hoarding

Moore Income ·
@Bonnie Squires little bits of change here and there sure does add up!
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Re: Nickel Hoarding

Bonnie Squires ·
@Moore Income so very true
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Re: Nickel Hoarding

KellyFromKeene ·
We all save the change for vacation spending money for the kids. That way they are (ideally!) not asking me for money while we are on vacation, when I've already saved up for and spent for the vacation itself.
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Re: What has been your money epiphany?

Moore Income ·
The moment I recognized the need to save money was when I finally took the time to take a close look at where I was financially. Before, I had avoided looking deeper at my finances than just checking the balance of my checking account. More than just saving money, this really woke me up to the fact of how little I knew about managing my money. This caused me to start saving, investing and working on a plan to eliminate debt. It also sent me on a journey of searching for knowledge about how...
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Re: What has been your money epiphany?

Deon Christie ·
I have to be honest and say during my late 30's. Been a bit of a wild one before that, and never gave the "rainy day" much thought. Especially going through the DJ stage after finishing my diploma as an Electrician. A method that works quite well for me is a linked bank account to stash a little something with each payday. And of-course my Payoneer account linked with Bank of America. The profit I generate on the internet then goes into this account. That's two methods I use to have a little...
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Re: What has been your money epiphany?

Sid ·
Excellent! Forced savings is number 2 on my "Road to financial freedom journey" list. I find apps such as Stash and Acorns to be extremely useful. Oh and by the way, what kind of music did you play as a DJ?? Best, -Sid
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Re: What has been your money epiphany?

Sid ·
Hey there, I can kind of relate to your story. Piles of debt mounted and then I realized, oh ****, something needs to be done about it. All the best for this beautiful journey!! -Sid
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Re: Day 10: Save Money Often (28 Days of Financial Fitness Challenge)

Former Member ·
One way my family has saved is by switching our cell plan to cricket. My husband prefers a flip phone and I have an older iPhone. He has just talk and text and I have 2gb. While I realize that isn’t a lot of data it is more than sufficient. By switching we went from paying about $125 a month to $55 a month. I realize there may be cheaper plans but this has worked well for us with service reliability. 😀
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Re: Day 10: Save Money Often (28 Days of Financial Fitness Challenge)

Moore Income ·
@Former Member that is awesome! I am also a Cricket customer. My family is on a plan and me and my wife came on last and technically mine is only $20 a month and my wife's is free but I give my mom $40 a month to help everyone else out. I have the 4gb plan which is more than enough for me. I usually only use about 2gb of that anyway. I used to be interested only in plans that offered unlimited but I realized that when you pay for "unlimited" you never end up needing that much! I use WiFi so...
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Day 10: Save Money Often (28 Days of Financial Fitness Challenge)

Moore Income ·
Today's financial fitness step is something I think a lot of us think about when it comes to money, but we also fail to do it on a consistent basis. Learning to save money is a lesson that we all need to learn and one that is directly related to our financial success. When I speak of saving money often, I am referring to "saving money" in two different ways. The first and most common is to save money in a savings account or in a piggy bank. The second way to "save money" is to find ways to...
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Day 12: Check for Deals (28 Days of Financial Fitness Challenge)

Moore Income ·
This financial fitness step goes hand in hand with saving money that we talked about on Day 10. But since it was something I applied specifically, I figured it would be good to touch on the subject. I will start by saying that some people might find this to be time consuming or not worth the effort but as I have reiterated over and over, I truly believe that every penny counts when it comes to creating a better financial future. Today we traveled back from the Chicago area where we went to...
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Re: The Financial Benefits of Living Your Best Life

Briana ·
I love this! I've actually created a weekend routine out of finding a free yoga class in town -- luckily in St. Pete, most of the places where free yoga is held there are beautiful parks or Saturday markets nearby to walk around in after! Free workout, sunshine, and company. What could be a better way to spend a Saturday? A few girls and I opt to stay in sometimes on Friday nights and hold a book club, where we can cook dinner, drink wine and talk about the latest book we're reading. Another...
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Re: The Financial Benefits of Living Your Best Life

ERoberts ·
I am also a free-yoga finder! I'd love to join your wine book club!
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Re: The Financial Benefits of Living Your Best Life

Briana ·
Yes! And we'll also have to trade free yoga spots -- I'm always looking for new ones!
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Re: The Financial Benefits of Living Your Best Life

Moore Income ·
I can appreciate your viewpoint on this topic. Far too many people waste time on trivial things not realizing that they are wasting away the most valuable thing in their life! My wife and I bought one when we moved into our apartment but we rarely use it. One day my friend came over and asked me why we still had the "yellow energy sticker" on it from when we bought it. We realized we actually use it so little we didn't even realize it was there and didn't take the time to remove the sticker...
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Re: The Financial Benefits of Living Your Best Life

ERoberts ·
Haha! Yeah, I think leaving the sticker on is a clear sign that the TV isn't sparking too much joy into your lives! That is awesome that you and your wife have taken the time to consciously acknowledge which items/activities will help you reach your dream of travel and which are hindering it! Looking forward to hearing more from you!
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Re: The Financial Benefits of Living Your Best Life

Bonnie Squires ·
For me I'm home most of the time with my husband because he needs 24/7 care but i'll be getting a library card and checking out some books to read. To i got a bum knee and need that checked out having problems walking. I use to walk allot its one thing i loved to do and it kept the weight off of me.
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Re: The Financial Benefits of Living Your Best Life

Leah Caldwell ·
I like everyone idea here..I been house bound for 2 years now and going crazy in the house..I really only get out is when I'm going to my trillion of doctors...I'm more mobile now than I had been in 2 years... I want to enjoy life like I used too before my illness set in...I'm in the house too much and it is depressing..
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Re: The Financial Benefits of Living Your Best Life

ERoberts ·
Hi there, Leah! I am sorry to hear that. Sending you healing thoughts for a speedy recovery! Maybe when you have doctor's appointments in the future, you can research a coffee shop or new lunch spot that looks good to you and plan a fun event around it
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Re: The Financial Benefits of Living Your Best Life

Leah Caldwell ·
@ERoberts ..Thank you! I was thinking that too..I need fresh air and to get back into life...I'm trying to build myself back up...It is weird not working in corporate world but I'm blessed to be here...I will have Dr for the rest of my life and take meds and have treatments but I have to let this illness know it do not have control of me nomore. I actually was out the house on Sat all day and was sleep all day Sunday...My body was overwhelm but I enjoy it..
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Re: The Financial Benefits of Living Your Best Life

Anna Matetic ·
My "living the best life" kind of conflicts with your article, but still fits. I pay for an NHL TV subscription. I am a huge hockey fan and, luckily, live outside the market area (MN resident who is a Pittsburgh fan). This is a big part of my social life - watching games with friends. However, instead of spending money periodically at sports bars and only getting to watch a few games that way, I spend in one year for the NHL TV and Hulu TV monthly app a lot less than I spent at sports bars.
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The Financial Benefits of Living Your Best Life

ERoberts ·
I've noticed a theme in our "Save Money" vertical with many of our articles titled like, "How to Save Money Streaming" or, "10 Ways to Life-Hack Your Next Dinner Out". This got me thinking, why are we so focused on finding ways to save on activities that will always have a price tag attached to them when there are plenty of free (dare I say, more enriching ) substitutes? For example, substitute your nightly Netflix binge with a trip to your local library and hunt for a page turner. Benefits:...
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Re: Confessions of a Shopaholic

Lisa Eichinger ·
@ERoberts , I am a women, but dislike shopping. I get those urges maybe a few times a year and I'm like "let's go shopping", after about an hour I am over it. However, I am one of those people that will bundle my Kohls coupons and Kohls Cash and go on the most beneficial day (where all the coupons can be used). My fiancee is so shocked that I can take a $110 bill and only pay $25 after all of the coupons and such. I don't like to spend more than a certain amount on clothes or shoes. I cringe...
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Re: Confessions of a Shopaholic

Shannon H ·
I'm not a material girl.... my only splurge is on shoes as I buy great quality cross training shoes as plantar fasciitis in both feet.... I dislike clothes shopping so I avoid it unless I need to replace something that I've worn out. I have 1 very nice purse that will last many many years.
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Re: Confessions of a Shopaholic

ERoberts ·
It's awesome that you have devoted splurges to things that you know will bring you comfort and last for a long time!
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Re: Confessions of a Shopaholic

Maureen Sullivan ·
I have found the best way to escape this “buy more, save more” mentality is to unsubscribe from all brand emails. When I plan on “big shopping” ( clothes, shoes, holiday) I sign up for whatever will send me a coupon/discount then I unsubscribe after I use the discount. I find avoiding temptation all together the best way to stay in budget.
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Re: Confessions of a Shopaholic

Kirsten Cherry ·
Years ago, I read "The Life-Changing Magic of Tidying Up" by Marie Kondo and "purging" my belongings has been a thrill to me ever since. I'm not a minimalist by any means, but I don't like "stuff" to weigh me down. When I feel like "stuff" is taking over my house, I get very anxious until I am able to go through it all and donate, throw away, or better organize my belongings. Knowing exactly what is under the bathroom sink is what really brings me joy I love being able to walk around the...
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Confessions of a Shopaholic

ERoberts ·
If you, like Madonna, are a material girl and find yourself having visceral reactions to a store-wide sale notification landing in your inbox, this one's for you. I love clothes. And jewelry. And shoes. And bags. I think a lot of guys and gals out there do. While I know I am not alone, and feel no shame surrounding my constant impulse to shop (or my "shopping is my cardio" tank top) there comes a time in every adult's life when other things start to garner more financial prudence over...
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Re: Pay More to Buy Less: Thoughts on Quality Over Quantity in the Home

Former Member ·
As a renter, I like to splurge on items that I know can come with me wherever I land next, like cookware and small appliances. But that doesn't mean spending money just hoping something will hold up over time. Before buying practical items for home I like to check out Consumer Reports and Wirecutter - sometimes quality isn't too expensive! I also like to check out photos for estate sales if there are any teasers posted on Nextdoor before the day of the sale. I got a really durable, pretty...
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Re: Pay More to Buy Less: Thoughts on Quality Over Quantity in the Home

Moore Income ·
I am starting to approach this from a much more minimalist approach. Even though I don't have a lot of stuff to begin with, I have found that I just naturally start to accumulate stuff including household items and even furniture. Ultimately, a lot of this stuff just ends up taking up space for the sake of taking up space. Whatever you decide to buy, just make sure that you will consistently use it, or else it will just end up taking up space .
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Re: Pay More to Buy Less: Thoughts on Quality Over Quantity in the Home

ERoberts ·
Thanks, @Former Member and @Moore Income ! I particularly agree with Moore here. My new place is considerably smaller than my last and has more built in features which is a nice space saver (and I don't have to purchase storage)! I love the minimalist look and it has proved much easier to clean. I'll occasionally find myself lusting over a chair or an ottoman I see online, but then I remember how I am perfectly happy with my couch and can't be sitting in two places at once! Thanks again!
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Re: Pay More to Buy Less: Thoughts on Quality Over Quantity in the Home

Former Member ·
"Can't be sitting in two places at once" This made me laugh! It's true though!
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Re: Pay More to Buy Less: Thoughts on Quality Over Quantity in the Home

Nicole ·
When we purchased our 1st condo, we bought furniture that we loved & would last. We still have most of it now that we are in a house nearly 18yrs later. We have added some items, re-purposed some items & gotten rid of some that didn't work for us anymore. Oddly enough, my parent & my in-laws had maple wood kids furniture that is very similar and they kept it after my husband & I moved out, so it was perfect that we got it for our kids. We have inherited some pieces that we...
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Re: Pay More to Buy Less: Thoughts on Quality Over Quantity in the Home

MrsD08 ·
Having moved more times than I care to admit...I think it depends on your financial situation. I don't think I would go into debt for furniture. Check Facebook Marketplace, LetGo, etc. You can find some great high quality furniture.
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Pay More to Buy Less: Thoughts on Quality Over Quantity in the Home

ERoberts ·
I just moved. I also sold all of my furniture in hopes of starting fresh in my new space. However, when I began to build up my bookmarks online with pages and pages of couches, rugs, and new bedding I found myself to be faced with a dilemma. Should I splurge on furniture that I love and know will last me a long time, even if it will set me back budget-wise? What happens if I am in the same situation a year or two from now where I have to clean house again before I move? My question to you...
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