Latest Buzz

Penny Pincher

Im always looking for a new way to earn a buck or save a penny in just about everything i do.Read More...
Morning everyone, My first day here on in this community. Looking forward to learning from y'all and some of my tips along the way as well. Regards, -SidRead More...
Shop your grocery store's clearance section! You can still use your coupons on top of the clearance prices!Read More...
Last Reply By Sid · First Unread Post
I realize that at first glance, the title might seem a little counterproductive to those of us who are trying to work towards financial freedom. But hear me out as I try to explain the step I put into practice today to work towards a better financial future. A lot of times, when it comes to finances, the first thing that comes to our mind is how can we get them for ourselves. We want to make money, enjoy life and live a life of financial freedom. But for those of us who are of a mindset of...Read More...
What an awesome way to give back! @NicoleRead More...
I agree Jon & I feel if you are generous, it will come back to you 10 fold. I donate my time to volunteer at my kids school & a children's charity that has helped my son in the past. My kids also pick up pop bottles & recycle them for money to donate to the charity (with help from me of course) It costs us time but helps so many others & gives back to a charity that was there for my family when we needed them most.Read More...
Last Reply By Moore Income · First Unread Post

How to start a blog

Forum: Make Money
Deon Christie
There are a few key factors to focus on if you want to know how to start a blog. However, starting a blog is one thing, turning it profitable is quite another. There is a huge difference between a click, a visitor and a buyer. The first and most important step of starting a blog as a professional blogger is discovering your profitable niche. When you start your first blog, it is also important to create order by using separate folders. And to start a successful blog you need to create these...Read More...

Saving money

Forum: Save Money
The first step to saving money is to figure out how much you spend. Keep track of all your expenses—that means every coffee, household item and cash tip. Once you have your data, organize the numbers by categories, such as gas, groceries and mortgage, and total each amount. Consider using your credit card or bank statements to help you with this. Bank of America clients can use the Spending & Budgeting tool , which automatically categorizes your transactions for easier budgeting in the...Read More...
The Every Dollar app is also a great budget app! Very easy to figure out, and you can add customized budget categories and it tells you when you’ve gone over your budget.Read More...
Last Reply By MiniPantherMom · First Unread Post

A beginner's guide to investing

Forum: Investment
The Saving Scientist
Hey Penny Hoarders, For the longest time, I thought that investing was reserved for the financial elite. I didn't really understand the terminology and it just sounded too complicated to be worth my time. A year after starting investing, I now know so much more and I'm happier (and wealthier) because of it. Investing is the best (and most effortless) way to create wealth. I've written down some thoughts for people who are also only starting out on their investment journey. You can find it...Read More...
I learned everything I know about investing from the Indianapolis-Marion County Public Library. Check your library for books on investing, especially "A Random Walk Down Wall Street" by Burton Malkiel and "Millionaire Teacher" by Andrew Hallam. If you're not a reader, both basically say it's almost impossible to beat the market and you should aim to match the market by buying a diverse index fund. I've managed to invest on $8.50 an hour through Stash, and I keep an emergency fund tied up in...Read More...
Last Reply By BeckAtsila · First Unread Post

Travel Insurance

Forum: Save Money
Hi. What's a good insurance to have just for travelling internationally like the Philippines?Read More...
If you're a veteran or family member of a veteran, there's Veterans Advantage, which has evacuation insurance for a small fee. Not sure about health insurance, but I know the evacuation insurance covers medical reasons and could save you a bundle if, God forbid, you need it.Read More...
Thank you, Theodora. I will keep that in mind.Read More...
Last Reply By BeckAtsila · First Unread Post

What are your favorite podcasts to listen to?

Fletch Sanders
Here are my top 3: The Aworkening (entertaining side hustle ideas) Dave Ramsey Show (financial show) Joe Rogan Experience (entertainment)Read More...
If you like Planet Money, you may like its shorter daily show, The Indicator. It's a quick take on the money news of the day. For practical advice in about 20 minutes, try Lillian Karabaic's Oh My Dollar. One of our Penny Hoarders has a personal finance podcast too: Frugal Friends!Read More...
Planet Money is a great financial podcast. I'm also hooked on The Dream right now (about MLMs).Read More...
Last Reply By Former Member · First Unread Post

A Glitch?

Forum: Think Bank
Moore Income
Hey, I am wondering if anyone else has had this experience here on the forum: Sometimes, when I go to comment on someone's post, I type out my comment and hit "post reply" and then my comment completely disappears. I thought maybe it was because it was sent to moderation but when I checked my pending posts, it was nowhere to be seen. This has happened to me before and I resubmitted twice thinking maybe it was something on my end. After it still didn't work, I just gave up but the next day I...Read More...
@Briana so I didn't repost my comment and it did get approved later so it did get sent to moderation. But on my end, all that happened is the page reloaded with no message that it was going to moderation. That is why the last time I resent it so many times.Read More...
Thanks for bringing this to our attention! We'll see if it's a glitch on our end =)Read More...
Last Reply By Moore Income · First Unread Post

A Free Resource to Make Budgeting Easier

Forum: Budgeting
The Saving Scientist
Hi Penny Hoarders! As a means to better track my own spending and sort our my financial priorities, I recently developed a budgeting Excel sheet that is unique in several ways: 1. It allows you to select your currency and year (making it customizable based on where you live and a template that you can use year on year) 2. The overview page allows you to enter your budgeted amounts and has hyperlinked buttons for each month of the year, allowing you to hop around and see how your spending has...Read More...
My pleasure Walt! Glad it's been helpful!Read More...
Excellent spreadsheet for budgeting and planning thank you for sharingRead More...
Last Reply By The Saving Scientist · First Unread Post
When it comes to finances, sometimes it can be a subject that we don't like to get too personal with. Sometimes, it can be something we shy away from when the conversation comes up. For those who want to change their financial situation, we have to be open with ourselves about where we are at and do everything we can to change it. Practicing financial fitness on a daily basis is the best way to do just that. For today's daily step towards a better financial future, I am putting into practice...Read More...

A resources tab?

Forum: Think Bank
The Saving Scientist
Hi Penny Hoarders, I was wondering whether it's a good idea to have a "Financial Resources" tab which can serve as a type of directory for readers to access resources that might help their financial situation? Whether this includes budget templates or podcasts or blog posts etc. I know that it's likely that these would be posted within some of the established categories, but I think it might be nice to have a one-stop place to find them? Thoughts?Read More...
Hey Ron, Thanks for the reply. I guess I was thinking more along the lines of: if someone found a resource (not necessarily their own, so it wouldn't be self-promotion) that was really helpful for them, then they can share that with the community? But I get that maybe this blurs the lines a little with the guidelines.Read More...
There is a page here for resources that The Penny Hoarder provides: https://community.thepennyhoarder.com/pages/resources Are you referring more to a Topic Thread where community members can share their own personal resources? There is a section here in The Guidelines that says that there should be no soliciting unless requested by the admins. I like the idea but I can see how it might get out of hand and be harder to moderate what some people would post. I think it would be a good idea as...Read More...
Last Reply By The Saving Scientist · First Unread Post
How’s this for a truth bomb – the life you are currently living is mostly the sum of all your habits. Read the following article to find out 10 financial habits that may be getting in the way of achieving your long-term goals: Stop the Paycheck to Paycheck Cycle What are some habits that you've discovered that get in the way? I'd love to hear your own experiences.Read More...
You can say that again! We tend to develop bad financial habits from an early age and they become hard to break and leave us wondering where we went wrong. I would have to say that a lot of times, life gets in the way when you are trying to stop the living paycheck to paycheck cycle. Just when you think you are getting some traction, life hits you with another surprise. I find often that bad habits such as a lack of budgeting and keeping track of finances and living above your means are...Read More...
Last Reply By Moore Income · First Unread Post
Before I begin, I would like to take a moment to say, if you do not have any debt, I sincerely congratulate you! In this day and age, it is difficult to survive without going into some form of debt. Credit card debt, student loans, mortgages, medical debt, and the list goes on and on. The fact is, nobody likes debt but it has become a part of our every day lives. Personally, from a young age I was taught not to get into debt. My parents bought there first home cash when they got out of the...Read More...
I liken budgeting to weight loss regimens. Knowing that the feeling of deprivation often leads to failure - does anyone have any tactics to weave rewards into the budgeting or saving process that are motivators (& reprieves) to stay on track? Or, is this just a bad idea that leads to self-sabotage and disaster? Discuss!Read More...
Heading over to read it now @The Saving ScientistRead More...
@The Saving Scientist Wow...this is awesome! Thanks so much!Read More...
Last Reply By Moore Income · First Unread Post

Online checking account for business - recommendations?

Forum: Banking
I have an LLC for my freelance writing/editing work, and for a few years I've had a separate checking account for those funds. I recently realized that I don't have enough cash in the account to have the monthly "maintenance" fee waived - so I'm losing $15 a month! I know my freelance business hasn't been super busy these days, but I'd certainly like to hold on to most of the money I've earned, you know? I'd love to hear about your experiences with online-only checking accounts for your side...Read More...
Hmm... That's a great question. Currently I know about a lot of personal online checking accounts but I haven't really looked into business accounts. It is definitely something I should be doing though as I do plan on launching a side hustle soon. I will keep my eye out and let you know what I find.Read More...
Last Reply By Moore Income · First Unread Post

Philo TV

Forum: Save Money
I wanted to tell everyone you get a free trial with just your cell phone number. It is cheaper than Sling and I loved it.Read More...
Clark Howard's advice is it's worth trying. I trust his advice. Think I'll try it. Cable just keeps going up.Read More...
I tried this one out as well. Not a bad option for $16/month! The selection on Hulu TV live is larger, but you get what you pay for. Has anyone tried Pluto TV? Looks like it's completely free and makes their money off of advertising. Might try it out...Read More...
Last Reply By Latee3 · First Unread Post
If you are not already investing, there is no better time to start than right now. Some advice my mentor told me is that even if your finances are tight, you should still find a way to invest at least a small portion of your money on a consistent basis. It doesn't have to start with much. $5 here and $10 there will add up over time. Sure, it might mean you will have to skip out on your daily Starbucks coffee but the reward will far outweigh the short term enjoyment. The reason you want to...Read More...
@Stimpy sorry, I should clarify, M1 is just the company that I have a Roth IRA with. I will message you with more info.Read More...
Hi! I'm familiar with a Roth IRA, but what is an m1 Roth IRA? Also, where can I open this account?Read More...
Last Reply By Moore Income · First Unread Post

Giving up cable -- what's the best replacement option?

Forum: Save Money
Alexis Grant
I've heard a lot of people talking about this lately, and I wonder if there's a way for my family to follow suit. I'd love to hear from anyone who has let go of cable for a cheaper alternative -- specifically, the logistics of exactly what you replaced it with and how much it costs / how much you saved. We only watch cable for two things: 1. Nightly news 2. Weekend soccer matches featuring UK teams We pay a crazy amount just to get these weekend soccer matches. We've kept it as a luxury...Read More...
Wanted to share an update because we found a solution that worked for us -- we can get (and record!) NBC Nightly News and soccer on NBCSC. We got a Roku (one-time fee of $29) and a YouTubeTV subscription ($39/month). Moved our cable/Internet package to just Internet, for a total savings of $70/month. Thanks for all the ideas here in this thread!Read More...
Does Hulu provide the Fox Sports channels (FS1 and FS2 I believe)? It's for fox what NBC Sports is to NBC, and CBS Sports is to CBS. If I'm not mistaken there's a BRITBox streaming service available in the US now. I assume that even if you are subscribed to Hulu you can still pay the minimal subscription fee for BRITBox if it's available as a separate add on service for ROKU, not necessarily for Hulu itself. I don't know if the FOX sports services are free or not, but CBS in monetizing the...Read More...
Last Reply By Alexis Grant · First Unread Post

Intro to Investing Resources

Forum: Book Club
Theodora
Anyone have any easy, approachable guides to recommend for beginning investors?Read More...
@Theodora I have run across them. Can't say I have looked into them much although I do plan to in the near future. Currently I am investing in Rich Uncles which is a real estate trust that focuses on purchasing commercial buildings and student housing. It is a great place to get started and the returns are decent with Rich Uncles. Fundrise is definitely on my watch list though!Read More...
Thank you @Moore Income ! Real estate is definitely an area of interest for me as well. Have you looked at Fundrise at all? A really interesting model.Read More...
Last Reply By Moore Income · First Unread Post
It is the first day of the month and the first day of my Financial Fitness Challenge where I am taking small actions on a daily basis to a better financial future. You can read more about it here . Today, I am putting into practice the principle of paying myself first. I have filed it under the "Investment" category because I believe that paying yourself is an investment in yourself (You Inc.). I first learned about this concept about a year ago when reading the book The 47 Principles of...Read More...

Summer Jobs for Teachers?

Forum: Make Money
kaitlynb
Hi y'all! Are there any teachers out there who have picked up jobs over the summer to make some extra cash? If so, I'd love to hear about which ones are worth the time! Part-time, full-time, side hustle — all are welcome!Read More...
I used to jockey car for a big hotel during my summers. I also did temp agency work many summers. Retired now, but I spent lots of summers getting grad credits for pay or degree goals.Read More...
I teach English online to students in China! There are 6-month contracts and you can work as little or as much as you want. So if you get hired, you could work more over the summer and less or not at all during the school year! (I don't think I can give out links and I don't want to spam, so DM me if you want more info!) KirstenRead More...
Last Reply By Babs · First Unread Post
I'm nervous about the solidity of some online-only banks, but there is the carrot of fabulous interest rates. I noticed the app discussed recently at Penny Hoarder, the Empower app, is FDIC insured up to $250,000. I'm interested in getting as much interest as possible on reserve cash, as anyone, but am I being overcautious here? How much confidence should we have in these online-only banks?Read More...
@mintjulep message me and I can share more details about each one and what the pros and cons are.Read More...
@Former Member Good question. I personally am just testing most of them to see howh they work and such and I usually just start with a set amount. I have moved money between a couple due to a better interest rate but I haven't really added much to the accounts besides the initial deposits. I am starting to add more to My Haven account since they have a 2% interest rate (up to 4% if you refer people) they also allow me to connect all my other accounts to manage my money in one place. So...Read More...
Last Reply By Moore Income · First Unread Post

Amazon purchases

Forum: Save Money
Carol Bontrager Sveglini
I read awhile back about some apps to use when ordering online. Planning on making several purchases on Amazon. Was Ebates one of them? Are there others? CarolRead More...
I have used Ebates a lot in the past and have gotten quite a few nice little checks from them for cashback on travel purchases and online shopping. Lately however I have been using Be Frugal as they generally tend to always offer a little more cashback at most stores than Ebates. I do have to say that I have not cashed out with them yet. They do offer a $10 bonus (message me for info) for signing up and they offer quite a few ways to cash out including gift cards that you can cash out when...Read More...
ThanksRead More...
Last Reply By Moore Income · First Unread Post

A No Spend Challenge

Six on a Budget
Doing a No Spend Challenge (meaning *only* spending money on NEEDS, not wants, for a given amount of time can really be motivating and highlight where some spending can be cut and make a BIG impact on your budget!Read More...
I'm implementing a No Spend April (February has some pet and car expenses and I'm doing a strict Keto month; March is spring break and birthdays). I'm Iooking forward to thinking outside the box on social gatherings (like hosting a potluck night) and weekend outings (picnic at local park, finish a few craft projects we already have the supplies for).Read More...
I would love to join.Read More...
Last Reply By jenakle · First Unread Post

Investment app

Forum: Investment
Ana
I just started using Acorns to invest a low amount each month and earn money. You can also link your card and they will round up your change to earn as well.Read More...
@Theodora thanks for sharing, I will have to check it out.Read More...
@Nikita I will send more info about those two.Read More...
Last Reply By Moore Income · First Unread Post
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