The subtle financial habits keeping you ahead of the curve

Sign #1: You set aside at least a little every month towards your goals

Even if you’re only able to set aside a few dollars right now, being able to save toward your goals is a great sign for two reasons. First, it signals that you can and do live consistently below your means. And as a result, you’re far less likely to fall into debt in the event of job loss or any other unplanned financial setback. …


Chances are, you’re not giving yourself enough credit.

When it comes to personal finance, it’s easy to beat ourselves up whenever we fall short of perfection. At the same time, there’s no shortage of shamey personal finance advice out there insisting that the occasional Starbucks is singlehandedly keeping us from ever reaching our money goals. But the reality is is that the all-or-nothing approach to money is self-defeating at best and entirely counterproductive at worst.

Even if you’ve just experienced a major setback or are struggling to make meaningful progress towards your goals, giving yourself credit for what you’re already…


7 steps to making your paycheck work for you

Prior to the pandemic, a 2019 Charles Schwab survey found that 59% of American adults were living paycheck to paycheck. Further, 44% have credit card debt and only 38% have an emergency fund. And living paycheck to paycheck wasn’t necessarily found to just be a low-income problem. A more recent study conducted by advisory firm Willis Towers Watson found that 18% of six-figure earners were also living paycheck to paycheck.

While the skyrocketing cost of housing and education, the prevalence of high-interest consumer debt, and now the global pandemic have made…


How I’m saving an extra $10,440 this year with minimal effort

Habit #1: Mending my clothes — Approximate yearly savings: $400

I used to be rather quick to throw out anything in my closet that was worn, torn, or that no longer fit. But once I learned to sew buttons, patch holes, and perform simple alterations at home, I’ve been able to significantly prolong the shelf life of my favorite pieces. This past year, my at-home mending has allowed me to avoid buying a new pair of work pants, replacing two sweaters, and purchasing a well-fitting interview outfit. …


What to look out for and what you can do about it now

According to Gartner, roughly half of Americans are spending more money every month than they’re making. At the same time, only 37 percent of Americans have enough in savings to cover a $500 emergency. And being strapped for cash isn’t necessarily a problem confined to low-income earners. GoBankingRates found that of those making $150,000 or more, nearly 30 percent had less than $1,000 saved. …


Photo by Mathieu Stern on Unsplash

How I’m saving an extra $6,000 this year with minimal effort

About 18 months ago, I fully embraced the frugal lifestyle so that I could finally break a few bad spending habits and arrive at a much healthier relationship with money. In recent months, however, I’ve found myself backsliding a bit toward my old ways of spending. In order to prevent a complete resurgence of my old money habits, I went back to trimming all of the fat that I could find from my budget. This time around, I even came up with a few new ways to save. …


Here’s how I’m spending even less at the supermarket in 2021

Since the pandemic and extreme weather events across much of the American South last month, food prices across the board have been on the incline. Last month, CPI data showed that food prices have increased relative to the previous year by 3.60 percent. And this notable rise in food prices is expected to continue as fuel prices increase and global supply chains remain hampered. …


How I saved a full six-month emergency fund fast as a recent grad

A string of moderately bad luck hit me hard just as I’d graduated college and moved halfway across the country for a dream job that had quickly turned into a nightmare. Much of the stress associated with my car breaking down, unplanned hospital bills, and leaving a toxic job, stemmed from the fact that I had very little savings to fall back on. So once I got settled in a new job, I resolved to set myself up for stability moving forward. …


How I cut my monthly bill by over 50%

Behind housing and transportation, food is one of the average household’s largest recurring expenses. And while most of us tend to pay for housing and transportation costs as a lump sum each month, food spending tends to eat up our budget little by little. Consequently, overspend in this category is remarkably easy to overlook. The good news is is that by putting a few of these tips to the test in the supermarket, you can cut your bill significantly without having to forgo the foods you enjoy.

Tip #1: Avoid the…


Practical, effortless advice that you can implement today

According to Slickdeals, the average American overspends their budget by $7,429.24 each year. The biggest budget breakers were found to be grocery shopping, online shopping, and subscription services. Whether you consider yourself to be good with money already, or are a total novice when it comes to managing your finances, these tricks work like a charm to keep you well within your budget without feeling deprived.

Habit #1: Shop With a List

I used to only shop with a list for fear of forgetting to bring home the items that I needed…

Rachel Gideon

Hi, I’m Rachel. I’m passionate about beauty, personal finance, and how the two often intermingle.

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