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Is Investing Riskier Than Saving? – The Cozy Nest Egg Podcast
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Cheaper Groceries? Depends What and Where You’re Buying: Grocery Store Price Changes from June to November 2021 in State College, PA
Inflation has been a big topic of late, as everyone has watched prices rise in recent months. Indeed, the Consumer Price Index (CPI), a measure of inflation tracked by the U.S. Bureau of Labor Statistics (BLS), has risen 6.2% over the past year (ending in October 2021), the largest 12-month increase since 1990. However, this…
Be Wary about Job Scams that Promise You Quick Ways to Wealth
The COVID-19 pandemic has triggered the highest unemployment rate (14.8% in April 2020) since the Great Recession. Millions were out of jobs and struggled to make ends meet. As states eased restrictions and began to reopen, the economy has geared up to return to the pre-pandemic normal. More than a year has passed since then,…
How I Spent No More than 10 Bucks on a Boden Jumper
I recently bought a Boden sweater for less than $10. No, I did not find my bargain at a local goodwill or thrift store; in fact, I bought a brand new sweater shipped directly from Boden. Even though I cannot guarantee the strategies stated below are going to land you the same deal, they can…
How to Use Cashback Monitor to Maximize Your Savings
The coronavirus pandemic has made us more reliant on online shopping than ever. According to the latest Digital Commerce 360 analysis, consumers in the U.S. spent $861.12 billion online in 2020, up 44% from $598.02 billion in 2019. Statewide lockdowns and fear of contracting the virus deterred consumers from visiting brick-and-mortar stores, resulting in the…
Don’t Take Out Personal Loans To Invest
A recent survey by MagnifyMoney found that a significant portion of investors, particularly younger investors, have taken on debt to invest. Out of about 1000 investors surveyed, 40% took on debt to invest. Here’s how that broke down by age group: Generation Percent who took on debt to invest Z 80% Millennials 60% X 28%…
Is Investing Riskier Than Saving?
We’ve all heard that investing in the stock market is risky and have encountered stories about people losing it all when investing poorly. People say that in order to keep your money safe, you should store it in the bank. That way you know it’ll be there when you need it. But is this really…
Everything You Need To Know About Emergency Funds
Life is full of uncertainties. You may be having a perfectly fine day, and then all of a sudden, disaster strikes. Whether it’s losing your job or ending up in the hospital, or even a more minor unexpected problem like your car breaking down, these setbacks can be devastating to those who are not prepared.…
Save Money By Switching To Healthier, More Satisfying Meals
Food-related expenses are the third largest category of expenditures for American families, according to the 2019 Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics. We previously published an article about how to save on your grocery bill, but another way to save money is by switching up your meal choices with cheaper (but…
Why I Like Covered Calls
Investing can be simple, or it can be quite complex. For most people, simplicity is the best choice. Just invest in a total market or S&P 500 index fund, and you’ll be good to go (check out The Simple Way To Become A Millionaire). This allows you to take advantage of compounding in the stock…
Which Is More Important For Reaching Financial Independence: Increasing Income or Increasing Savings Rate?
Many people think that the primary way to become financially independent is by increasing your income so that you can quickly build up a nest egg. Others think that your savings rate is the most important. The truth is there are pros and cons to both approaches, and the fastest way to FI is by…
The Simple Way To Become A Millionaire
Everyone wants to be a millionaire, but no one wants to work for it. Here’s the good news: you don’t have to! There’s a simple way to become a millionaire with almost no extra work. It only takes three steps.
Infographic: Student Loan Debt – Is It Really A Crisis?
There has been a lot of talk about student loan debt in the news over the past couple years. The prevailing wisdom is that this debt, which students had to incur to pursue an education for a better life, is burdening the young generation and preventing them from succeeding. Recently, President Joe Biden has expressed…
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