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…

Taking the stress out of long-term expenses

Just as I graduated college, moved halfway across the country, and started my first job, a months-long string of bad luck hit me hard. My first week at work, I got hit with a thousand-dollar repair bill due to my car running into some serious engine trouble. A month later, I had a severe allergic reaction while traveling for work and had to be taken to the hospital. A few weeks after that, I spent hundreds on a night guard, which of course was not covered by insurance, to address my newfound stress-induced…

How we got here and what you can do to protect your money now

While we’re hopefully reaching the end of the global pandemic and the economy is beginning to get back on its feet, the record highs of the stock market can’t be fully explained by hopes of a swift recovery and a relatively frictionless return to normal alone. A full economic recovery has already been priced into the stock market since the initial market rally in the spring of 2020. Consequently, the driving forces behind these new all-time highs warrant a closer examination.

The underlying fundamentals of most…

How I stopped living paycheck to paycheck and started building wealth for good

I haven’t always been good with money. In fact, up until about two years ago, I was downright terrible with it. Worse still, my years-in-the-making shopping problem showed no signs of slowing down and nearly landed me in a mountain of debt. It wasn’t until I got hit with a few unexpected expenses and left a miserable job that I realized just how precarious of a position I’d put myself in. From then on, I realized not only that my inflated lifestyle could not continue, but that I also had to fundamentally change my mindset.

While I initially embarked on…

A definitive guide to earnings season

January 19, 2021

Bank of America, Goldman Sachs Group, Halliburton, Netflix, State Street, J.B. Hunt Transport Services, Comerica, Zions Bancorp., and Interactive Brokers Group

January 20, 2021

UnitedHealth Group, Procter & Gamble, Morgan Stanley, United Airlines Holdings, U.S. Bancorp, Bank of New York Mellon, Discover Financial Services, Kinder Morgan, Alcoa, Citizens Financial Group, Fastenal, Plexus, and BOK Financial

January 21, 2021

IBM, Travelers, Union Pacific, PPG Industries, Truist Financial, CSX, Charles Schwab, Fifth Third Bancorp, CommScope Holding, KeyCorp, M&T Bank, Northern Trust, Intuitive Surgical, SVB Financial Group, Citrix Systems, and People’s United Financial


Rachel Gideon

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

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