Latest Buzz

How many savings accounts do you have?

Forum: Banking
Grace Schweizer
I'm working on straightening out where my direct deposits go and when. I have two checking accounts and two savings accounts -- one set I plan to use for bills/debt payoff and emergency savings, and one set I plan to use for regular spending and short/long term savings goals. That plan seems right, but I've also thought about opening another savings account (or five) to keep everything separate. How many is too many? How many do you have and how do you distribute your funds?Read More...
I have one checking and one savings personally, but my son and I use a Household checking account for all our household expenses. I transfer a specific amount each payday to that account for utility, mortgage and improvement/maintenance costs. My personal stuff, I track on a spreadsheet. I am considering where my "side" income gets deposited because I want to live within my means of my full time job. Keeping all my funds in one account gives me better interest returns on those funds while I...Read More...
I have 2 checking and several (6) savings, at a few different banks. Keeping it separate makes it easier for me to save for different things. Emergency fund, longer term save, one for each kid (2), 1 for the car, 1 for misc, then a CD that I don't touch. I get my check direct deposited into three different accounts. Sounds complicated, but it really makes my life easier.Read More...
Last Reply By SMcLain · First Unread Post

This week in... The Penny Hoarder Community!

Briana
Happy Tuesday, Penny Hoarders! For those of you who might be new here, each week we'll be showcasing the latest community news and updates in an announcement post. This is a great way to keep you all up-to-date on the latest happenings. Announcements Exclusive Penny Hoarder Community offer I couldn’t help but notice that there are quite a few of you asking about Aspiration - for those wanting to try it out, here’s a really cool announcement - for a limited time, you can get $100 for opening...Read More...
It was another good week! Hard to believe that a month has already flown by and it is time to announce the new member of the month! I am not sure who it will be this month as we have had several people interacting a lot more frequently on here. Look forward to seeing who it is!Read More...
Last Reply By Moore Income · First Unread Post

The Importance of Taking Action

Moore Income
If you hang around any internet marketing or "make money online" circles for any length of time, you are sure to hear all about the importance of taking action. And rightfully so, because taking action truly is what separates those who succeed from those who don't. This past Saturday I had an experience that reminded me just how important taking action is and how it can be profitable. Friday night, I was searching Facebook marketplace for potential items to resell on eBay. I found this one...Read More...
@KellyFromKeene great resource and idea, thanks for sharing! To everyone else, I encourage each of you to take action on a daily basis. And feel free to share anything you are taking action on in this thread!Read More...
@KellyFromKeene This is a very helpful idea. It's simple, too. I love it!Read More...
Last Reply By Moore Income · First Unread Post
Hi every one I'be been interested for years having my own santa software and some other ones made for me. I'm just not sure where to go and how much these would cost. Any one have any ideas or can help. Thanks bonnieRead More...
BJLEE thank youRead More...
@Bonnie Squires You're welcome. This is a very smart idea. Good Luck to you!Read More...
Last Reply By Bonnie Squires · First Unread Post

Starting your own business, first time entrepreneurs.

mintjulep
We've successfully managed a business from our home for more than 20 years. We had a bit of an advantage because I also had a job that brought in income while my partner in life was able to quit his job to get the business started. I was a self-employed, experienced real estate agent with a good client base so I could take over paying bills. If one does not have that reliable income to fall back on, it's important to have some source of savings or a business loan to support your normal...Read More...
I had my own business for 12 years and it really was the best job I ever had Life necessitated that I make some changes to a traditional 9-5 with benefits for the time being, but I have every intention to return to being my own boss full-time in the future. I have been hitting around the idea of doing it again part-time, just not sure if it's the right time for that.Read More...
@mintjulep This is great information. Thank you and congratulations on your successful business. I've been considering starting my own business for a while. I just need to take that leap.Read More...
Last Reply By KellyFromKeene · First Unread Post

Cutting the Cord

Forum: Save Money
I'm looking at possibly ending my cable services in a couple of months when my contract ends. I already have Netflix and also Hulu(free through my subscription with spotify). Have any of you cut the cable cord and what other services have you used to watch your TV/movies? I've heard of Sling, HBO Go, and CBS All Access but i want to make sure i choose the right service combination that cutting the cord would be worth it financially. Thoughts?Read More...
Okay that sounds good. I'll be trying to weigh my options these next couple of months. Thanks so much for the insightRead More...
I use Netflix, Hulu, and Amazon. I can also stream a few of stations like the CW for free.Read More...
Last Reply By BJLEE · First Unread Post

Has anyone put carbon offsets into their budget?

Forum: Budgeting
Adam
For Earth Day I was talking to an environmental professor about saving money and helping the environment. He had a simple but profound idea: When buying services that are necessary but bad for the environment (like a long flight), factor in the cost of something called a carbon offset. Basically, carbon offsets are small investments in green programs like replanting forests or conserving land. There are calculators that tell you how much pollution your small purchase is offsetting, and it's...Read More...
@Adam I love this idea. I recently joined Arcadia Power after an article The Penny Hoarder published. It's wonderful knowing I'm making a difference without it costing me anything. This, however, would take me a little further down the right path. Thank you for sharing this!Read More...
Ah TY for letting me know. The link should be working now, and good luck implementing his idea! Let me know if it works out for you.Read More...
Last Reply By TheSugarFreeLife · First Unread Post

Paid off Debt, however Credit Score stayed the same....Why?

Forum: Debt
Wen Dee
Curious why did my credit score not improve, even though I paid off my debt and the creditors have reported it to the 3 credit bureaus. My credit report indicates all the debts were paid off. Any advice is appreciated. ThanksRead More...
@Moore Income I will, thanks.Read More...
Let us know when it does change for you. I am interested to know how much time it takes.Read More...
Last Reply By Wen Dee · First Unread Post

Retirement

Forum: Retirement
I retired in 2015 from a corporate position. After a few weeks I went to elementary school to deliver lunch to my grandkids and I was asked to work by the principal. I started at the school and several years later I am still working. I have at least a few days off a month, I do not have to attend meetings or plan lessons. I have the summers off, and if I want to work full time it is available. They have a great benefit package with a 7% matching fund. It takes 5 years to be vested. This job,...Read More...
@Teachable Grandma that is awesome that you were able to find something that works well for you and that you enjoy!Read More...
No, Actually I was a Manager of Quality Assurance at a Pharmaceutical Company. I loved my job but after 43 years, I left to help take care of my grandchildren. They grew up and I wanted to do more but I wanted to continually learn and found it is better for me to be in an educational setting. Many jobs pay more but I no longer wanted to work 60-70 hours a week, attend 4-6 hours of meetings, and be on call for the job. This has worked out great for me.Read More...
Last Reply By Moore Income · First Unread Post

Confessions of a Shopaholic

Forum: Save Money
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...Read More...
Like @Maureen Sullivan , I unsubscribe from marketing emails to reduce the temptation to buy things I don't need. I throw away catalogs without looking at them, and I don't wander around stores to kill time (usually). I just try to reduce the temptation to spend when I can. Why make it hard for myself, you know?Read More...
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...Read More...
Last Reply By KellyFromKeene · First Unread Post

1million +to retire

Forum: Retirement
From 18 to 26, save $200. A month. Then don't touch it until age 65. You should have over $1.6 million. If you didn't start until age 26, and saved $200, per month until age 65, you would only have $1.3 million, after saving all those years! This is "The Time Value of money".Read More...
Interesting but like every one else i like to know how you get to that 1.6 millionRead More...
Interesting to think about. I am curious to know what has to happen to the money you save in order for you to get to that $1.6 million by 65?Read More...
Last Reply By Bonnie Squires · First Unread Post

Budgeting and saving money.

Forum: Budgeting
Tlawonn
I'm starting my own cleaning business...well taking it over all on my own. I want to budget my income...and start saving ...even if it's small at first. I need financial literacy. I've signed up for a quick books class... Unfortunately it don't start till the fall. I'm extremely busy ATM. But any quick info..ideas...tricks, if u will...would be greatly appreciated and put to the test. I need a spreadsheet or something to organize my income and bills to pay...etc. help......if u can🤣🤨🤪Read More...
Also once you look at some of the others, you could probably created your own that's catered just for youRead More...
Sounds like a fun little venture. I wish you the best as you get started! I always like to check Udemy for training on different topics. I searched for Quickbooks and found these 3 FREE training courses and they have quite a few that are paid. You can also get training on a bunch of other topics related to business. If you search on the site and then click on "All Filters" you can select to see only FREE courses on the topic you are interested in. For their paid courses, usually you can get...Read More...
Last Reply By BJLEE · First Unread Post

All about checks

Forum: Think Bank
I used to hear that it was possible to get free checks. I am running low on checks and want to see what ideas you have before I buy them. Any ideas?Read More...
@KellyFromKeene Thank you for this!Read More...
https://secure.checksinthemail.com/ I use this website to order my checks. I don't go through too many because most of my banking is online. But I do write checks for costs associated with the kids- makes it easier to track.Read More...
Last Reply By MsKimberly · First Unread Post

This week in… The Penny Hoarder Community

Briana
Happy Tuesday, Penny Hoarders! For those of you who might be new here, each week we'll be showcasing the latest community news and updates in an announcement post. This is a great way to keep you all up-to-date on the latest happenings. Announcements Community threads are now going to be included in our articles! You can check out what they look like in this post (if you scroll down, you’ll be able to see what this looks like). We’ll be including the latest threads that correspond the best...Read More...
So glad to see all the different topics that the community discusses and the ways that it's helping everyone become financially fit.Read More...
I like what your doing BRIANA with what your doing adding parts of the community articles to pages its helpful. Congrats on helping out here. I seen that awhile ago under your name was going to say some thing but wasn't sure what to say. For the next month $25 gift card good luck to every one.Read More...
Last Reply By BJLEE · First Unread Post

Pet Insurance

Forum: Insurance
MeganC1041
I've been considering purchasing pet insurance for my 2yr old puppy. Is it worth the cost and can anyone recommend a site where you can price compare? Much appreciated!Read More...
BJLEE fish can get costly to. I have had so many fish. I even started breeding them. I could tell when a fish was going to have babies. lolRead More...
BECKATSILA that was the credit card i was talking about for pets. I can't get it credit score not high enough or some thing.Read More...
Last Reply By Bonnie Squires · First Unread Post

This week in… The Penny Hoarder Community

Briana
Happy Tuesday, Penny Hoarders! For those of you who might be new here, each week we'll be showcasing the latest community news and updates in an announcement post. This is a great way to keep you all up-to-date on the latest happenings. Announcements We’re halfway through the month of April, which means halfway to announcing our new Member of the Month! The Member of the Month is a contest that awards the most active member (posting, likes, comments) with a $25 gift card to a place (or...Read More...
No autoresponder here =)Read More...
PAUL FLURRY29 doing good thanks.Read More...
Last Reply By Briana · First Unread Post

Any one open a Aspiration bank account?

Forum: Think Bank
Bonnie Squires
Hi every one I was wondering if any one has opened a Aspiration bank account? I just open mine and they are asking for my idea by taking a picture of it and renaming it with my social Security number to confirm my info is rite. I'm wondering is this safe to do. They give you a link which they say is safe. Thanks bonnieRead More...
BJLEE thank youRead More...
I have heard f Aspiration bank but i have not yet used it or did much research for it. Most banks will ask for your ID or SSN number when trying to open a new account.Read More...
Last Reply By Bonnie Squires · First Unread Post

Would you let your child use your pay pal account for Twitch?

Forum: Think Bank
Bonnie Squires
My 16 year old son has started on twist and he opened a twiiter and youtube account to. He wants to use my pay pal account so he can get paid. He just starting out and learning to do the video's. There a guy with 1,000 followers who has been helping him to. I don't no a hole lot about Twitch but i do know its for gamer. Our oldest son was talking about it before we moved but the internet to slow where we use to live. I like to know your thoughts on this one. I don't mind him using my pay pal...Read More...
@Bonnie Squires its all good. I completely understand!Read More...
MOORE INCOME thank you some times i'm not thinking rite so don't all ways get every thing rite. This month has stunk for me health wise. But still trying to push on.Read More...
Last Reply By Moore Income · First Unread Post

Have you used drop shipper USA or over seas?

Forum: Think Bank
Bonnie Squires
Hello every one I was wondering if any one used dropped shippers before. The pros and cons of using them. I've not used a drop shipper in about 10 years. When I did use them they was in the USA. I no longer no where to find any good ones. All so I've brought from over seas but never used a drop shipper from over seas be to afraid with the item getting there so late. To I know people would be doing allot of charge backs if they don't get there items in a timely manor. I've used over seas...Read More...
MOORE INCOME thank you for your input. That's my problem the ones i did use went out of business or got into every thing else but what they use to sell and what they sell is junk now.Read More...
I have used both USA drop shipper and Chinese drop shipper and resold products from both. My experience with overseas dropshippers was not good to say the least. Out of all the items I sold over one fourth of them never arrived and almost all of them arrived late. It took a few negative feedback and some headaches before I decided I probably won't be using them again. With USA drop shippers, I have had different experiences. Some are good, some are okay and some are terrible or outright...Read More...
Last Reply By Bonnie Squires · First Unread Post

Have you found a "Money Buddy" yet?

Briana
The challenge: Find your Money Buddy We all know that reaching our goals is a lot easier, and much more enjoyable when we have someone to cheer us on and check in on us, right? In our latest post on The Penny Hoarder, we're talking about how finding a Money Buddy can set you up for success. What's a Money Buddy you ask? You can read more about it here . I'm curious -- have any of you found a Money Buddy in this community yet? Someone to check in with, share ideas with and someone who is...Read More...
MOORE INCOME thanks i missed that postRead More...
@rschmidt Feel free to reach out to me as well and message me with any questions you may have about eBay selling. I also know that @Six on a Budget has experience selling on eBay and has written a post here about how she paid off student loans with eBay sales!Read More...
Last Reply By Bonnie Squires · First Unread Post

How to repair my credit

Forum: Credit
Hello. I’m looking to significantly increase my credit score however I no longer wish to pay a company to do what I believe I can do on my own. Question is, how do I actually Repair my credit on my own? How long will it take me to repair my own credit score?Read More...
The Penny Hoarder has written quite a few helpful articles on this topic which I will link to. Hopefully these can help you get started in the right direction! - I Used These Tricks to Repair My Credit After Destroying My FICO score - Here’s How 5 People Added up to 284 Points to Their Poor Credit Scores - She Ditched Her Debt Collectors — and Raised Her Credit Score Nearly 200 Points I think you are right in thinking you can do a lot of what a credit repair company would do on your own. The...Read More...
Last Reply By Moore Income · First Unread Post

In need of.

Soulflowaa1
Hello I am need of a refurbished computer or laptop, if anyone may have one their not using or don't need, I am unemployed and could really use one to work from home, it would really change my life for the better, I have been doing a lot of research and searching for help with the this, I know it's a stretch, my apologies for any inconvenience if caused. Namaste.🙏🏽Read More...
You may have better luck searching around locally (on Facebook or asking friends and family). Shipping on such an item can be quite expensive and might not be worth it depending on the condition. Also, in my case I have two laptops but I use both on a regular basis. Laptops are harder to come by but if you are able to come up with a little money, you may be able to find an older used computer at a thrift store or an estate sale or garage sale that might not cost too much.Read More...
SOULFLOWAA1 there people that use there phones to make money these days. All so if you can't get a computer or lap top you can use the libary computer.Read More...
Last Reply By Moore Income · First Unread Post

Best credit card for travel rewards

Forum: Credit
Grace Schweizer
Does anybody have a credit card they LOVE for its travel rewards? I'm looking to open a new one soon, and would like to be able to put points toward some upcoming travel I'm planning this year and next.Read More...
I have just recently started exploring more into travel cards as my wife and I plan to do a lot more travel in the near future. I got a Discover Miles card when we went on our honeymoon but the rewards are really bad in my opinion and after putting all our travel on that card, I think we only ended up with about $25 worth of points. My wife recently got an American Airlines card because they were offering a decent sign up bonus. It gives points on purchases and also some perks for flying...Read More...
I’m told by a close friend that CHASE Sapphire Reserve Card is excellent... I’m working on qualifying for it.Read More...
Last Reply By Moore Income · First Unread Post

Close credit card accounts?

Forum: Credit
Greetings! I got some great advice a while back about not closing credit card accounts that are paid off and didn't close them. What about accounts that have a yearly fee though? Is the impact on my credit score worth $75 a year? Thanks!Read More...
@FreebiePharm that sounds like a good plan!Read More...
GREAT ADVICE! I would be hesitant to keep a card with a yearly fee. My husband actually has one right now that's $35 and he giggles at me because it bothers me so my plan is to pay off one of his other cards $2,500 balance and close that yearly fee card which has a balance of zero to hopefully offset the negative impact closing the one will cause.Read More...
Last Reply By Moore Income · First Unread Post

Can't decide on a debt pay-off method

Forum: Debt
Taylor Moran
I have read several competing theories on the best way to tackle outstanding debt and can't decide what the best method is for me... I have a couple of credit cards with lower balances and lower interest rates and a credit card with a higher balance and a higher interest rate. I also have student loans with really low interest rates but a high balance. Per debt snowball I would tackle my debt from lowest balance to highest despite they varying interest rates, but I've read in several places...Read More...
Thanks MooreRead More...
I have considered both methods when it comes to my personal credit cards but I have not really followed a specific method. My approach has been to pay as little interest as possible and so I tend to go for the card with the highest amount in interest. But up until recently, I wasn't really paying any money in interests as I was able to open several different cards over time and utilize their 0% intro APR offers. I then would focus on paying off the ones that the offer was going to end...Read More...
Last Reply By friardave · First Unread Post
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