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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

Stocks. Asset or Liability?

Forum: Investment
Moore Income
My mentor defines an asset as something that is putting money in your pocket on a monthly basis. A liability on the other hand takes money out. With that in mind he asked me once if the stocks I owned we're an asset or a liability. I instantly said asset, but the more I thought about it, the more I wondered. I decided to take a look at the stocks I had bought through the Stash app and I was surprised to find most of my stocks paid me 0 in dividends. I then found one that paid a small...Read More...

Investments for Beginners

Forum: Investment
Suze Knisley
i have managed to save a chunk of money that is just sitting in the savings account. I have a 401k through work but want to put my savings to work as well as I am nearing retirement age. If you had $50k, how would you invest it?Read More...
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.Read More...
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 HappyRead More...
Last Reply By Former Member · First Unread Post

Rebate apps for purchases you already made?

Forum: Save Money
Wen Dee
I am curious are there and apps that give you rebates for something you already purchased? I know Ibotta you select the item first, then submit receipt. Ex: I purchased items on Amazon last week, without using Ibotta or Ebates....Is there anyway to still get rebates for these purchases? ThanksRead More...
ThanksRead More...
Like @Jeff said you could try Paribus. I believe it did work on an Amazon purchase I made, but that was a while ago. I am not sure if it would work retroactively though.Read More...
Last Reply By Wen Dee · First Unread Post

Save Money on Travel

Forum: Save Money
Moore Income
Almost everyone I know likes to travel, but few people do it much. One of the primary reasons for this is the lack of finances. But if done right and properly planned, there are ways to travel without spending a ton of money. My wife and I have been able to go quite a few places although we don't have a ton of money, we just have to plan well ahead of time. So I figured it would be a good idea to start this thread for people to talk about ways they personally save money on travel and for...Read More...
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.Read More...
Last Reply By LaKisha Dillingham · First Unread Post

How I Paid Off My Student Loans By Selling on eBay

Forum: Make Money
Six on a Budget
As a stay at home mom of four kids, I've been selling on eBay for about ten years. I paid off my student loans in 18 months! It has been a flexible, lucrative option. Here are details of how you too can get started: https://sixonabudget.com/i-pai...-a-stay-at-home-mom/Read More...
@Carlos Ortega I personally do a lot more estimating. I do however have a scale which I use sometimes. I generally charge FREE shipping so I just try to estimate a number into the price. One thing you can also do is if you are selling a similar item that other people have listed, if you go to their item and click on the "sell one like this" link, it will copy the weight and dimensions that person has set. This is not always accurate but you can get a ballpark number. For the most accuracy I...Read More...
for a new comer like me...how should i approach the shipping aspect of e-bay...more specifically, do you own a scale to determine postage? trying to map my mind around the whole process. thanks everyone!Read More...
Last Reply By Moore Income · First Unread Post

Marketing Without Money

For the group members who are rocking it with profitable full and/or part-time businesses, you are probably well aware that keeping expenses as low as possible in your personal and professional lives has had the biggest impact on your success. This post may not be of much interest to you. For the rest of us looking to attract more followers and/or clients and customers, I just want to offer a book suggestion, "Marketing Without Money" by author Nicholas E. Bade. The most recent publication...Read More...
Thanks for the suggestion. I will add it to my list. I personally like purchasing my books from Thrift Books, you get free shipping if you spend $10 and you can get several books in good condition for less than the price of a new book.Read More...
TIP: I have collections of price shopping tools in my wheelhouse of wheels. My favorite resource for books is Bookfinder.com. Most of my "keeper" books are around $3, delivered.Read More...
Last Reply By Moore Income · First Unread Post

Tax Reform 2019

Forum: Taxes
Lisa Eichinger
Hi, I am a tax preparer and have been doing taxes for over 20 years. Here are a few changes that are going into effect this year: - Personal Exemptions have been removed - Standard deductions have been almost doubled - Tax brackets have been changed. They have gone down. - Business expenses for non self employed personnel have been eliminated. I will be happy to explain any of these for anyone who would like. Those are just a few.Read More...
Brianna, What exactly do you mean?Read More...
How are you supposed to file as an independent contractor?Read More...
Last Reply By Lisa Eichinger · First Unread Post

Finances - What Do You Struggle With?

Forum: Think Bank
Moore Income
Money - its a topic most of us have been aware of/talk about often. Although I personally grew up with parents who were pretty good with money, we were by no means wealthy and it was a topic that intrigued me from an early age. I was just 14 years old when I first started looking for a way to earn money online while we were living in Nicaragua, Central America. Unfortunately, I am ashamed to say that when I left Nicaragua and returned to the States and got a job, I did not handle my money...Read More...
FinancialRead More...
Last Reply By tashalynn85 · First Unread Post

Budgeting for 2019!

Forum: Budgeting
Rob Loftus
I Resolve To Budget! Everyone wants to start off the New Year right, in one form or another. One out of the top 20 most common New Year's resolutions is to start a budget. Starting a budget is a popular resolution that many have difficulty accomplishing. Keeping this resolution often requires a major reduction of people's comfort and conventional habits which is something many people don’t want to give up. However, nothing good worth doing is going to come without sacrifice. So, do you feel...Read More...
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...Read More...
Last Reply By Nicole · First Unread Post
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