• Price vs. Cost – Why You Need to Know the Difference

    What is price? This may seem like a silly question, but it is, in fact, important to understand what price is and what it isn’t. Price is the dollar amount stated on the sticker. For example, when you buy airfare from a discount airline, the price of your ticket to fly from NY to LA might be $299. $299 may well be the price, but anyone who has had the pleasure of flying on a discount airline knows full well that won’t be the full out-of-pocket cost.  What is cost? Cost is the total cumulative amount you will have to pay to purchase, utilize, and maintain whatever it is you’re…

  • How to Quit Hemorrhaging Money

    Hemorrhaging money, bleeding money, wiping out your bank account. Whatever you want to call it, you’ve realized that you’ve been overspending…a lot. Now, what can you do about it? Hemorrhaging money happens for a variety of reasons Pressure from friends…

  • 9 Ways to Learn New Skills Online

    Whether you are looking to simply improve yourself or impress your boss, there is no shortage of platforms that can help you learn new skills from home. The accessibility and flexibility of these platforms truly mean that the world is…

  • Managing DINK (Dual Income No Kids) Finances

    Move over Yuppie, there’s a new acronym vying for the spotlight. In case you forgot, Yuppie is in fact a slang term that stands for young upwardly mobile professional or young urban professional. However, it certainly wasn’t the first acronym…

  • 3 Strategies to Avoid Lifestyle Inflation

    Jake is a smart guy and does his best to make good financial decisions. He’s a natural saver, has a great budget, invests consistently for retirement, and has a well-established emergency fund. While Jake doesn’t live high on the hill,…

  • The 5 Bank Accounts Every Adult Should Have

    If you’ve ever felt uncertain about the best way to organize your money and what type of bank accounts you should have, you’re not alone. A 2019 survey found that 62% of Americans don’t understand the basics of banking, including…

  • 6 Important Reasons Why Debt is Bad

    Debt is one of those things that seems like a relatively simple concept. That is, right until you get into all the nitty-gritty details of it. Most of us understand that debt is generally a bad thing. However, there’s also…

  • The Importance of Saving Money

    Let’s be honest. For most of us, spending money is way more fun than saving it. But, the importance of saving money cannot be overstated. So whether or not the habit of saving money comes easy to you, it’s helpful…

  • How to invest in a recession

    The National Bureau of Economic Research (NBER) announced that the United States officially entered a recession in February 2020. The economic peak in February 2020 came after the longest period of expansion in US history – a period which lasted…