Five Money Saving Tips for Shopping at Target

Why Target? I have become a fan of Target lately. At first, I only shopped for baby products (e.g., diapers, baby food, toddler clothes and shoes) at Target. It makes sense to shop there for those things--it is a one-stop shop for all of them, and products are priced fairly. However, when I examined my … Continue reading Five Money Saving Tips for Shopping at Target

Top 6 Ways To Use Your Stimulus Check In Order Of Priority

My wife and I recently received our stimulus check. For anyone who doesn't already know, the amount this time is $1,400 for an individual earning up to $75,000 and $2,800 for a married couple earning up to $150,000. You also get $1,400 for each dependent. This was the largest of the stimulus payments we have … Continue reading Top 6 Ways To Use Your Stimulus Check In Order Of Priority

Despite Earning Below Average Income, We Saved 30% Last Year. Here’s How

2020 was a good year for us savings-wise. We managed to save 30% of our income, which is significantly better than the national average for 2020 of 16%. This is even more impressive considering our income is rather mediocre. According to the 2019 Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics, the average … Continue reading Despite Earning Below Average Income, We Saved 30% Last Year. Here’s How

Five Places to Look for Used Kidswear

According to USDA's most recent report, Expenditures on Children by Families, 2015, otherwise known as "The Cost of Raising a Child," the estimated clothing expenditures on a child could be as high as $960 per year for a married-couple household with less than $59,200 of before-tax income. In fact, the report also points out that … Continue reading Five Places to Look for Used Kidswear

How Do Average Americans Spend Their Paychecks?

According to a joint survey by the Association of Young Americans and AARP, 55% of Americans spend equal to or more than they earn, which means that more than half of Americans are not able to save any money at all on a regular basis. But where does this money go? What are the common … Continue reading How Do Average Americans Spend Their Paychecks?

Five Money Mistakes to Avoid in Your 20s

My childhood aspiration for adulthood was almost immediately dashed as soon as I reached adulthood. Being an adult is so hard! On top of forging a successful career and handling real-life responsibilities such as taking out the trash and folding laundry, I had to learn the ins and outs of managing my own finances, making … Continue reading Five Money Mistakes to Avoid in Your 20s

What Is Inflation And Why Should You Care?

When I wrote a recent article about emotional investing and optimal investing strategies, I did not take inflation into account, as I was following the methodology of the Seeking Alpha article called The Shocking Returns Of The Investor Who Only Bought At Market Tops. However, the more I thought about the setup, the more unrealistic … Continue reading What Is Inflation And Why Should You Care?

How Much Does It Cost To Raise A 1-Year-Old?

When you're thinking about having children, a common question is how much it will cost to raise a child. Now that my son is almost 2, I can share how much we have spent on him this last year. Hopefully this will provide some guidance for anyone curious about the extra expenses of raising a … Continue reading How Much Does It Cost To Raise A 1-Year-Old?

Will Home Prices Decrease When Mortgage Rates Increase?

As we are currently experiencing rock-bottom mortgage rates under 3% for a 30-year fixed mortgage, it's only natural to wonder what will happen to home prices when interest rates finally increase again. This is particularly important for first-time homebuyers who are planning to buy a house in the near future but still have to wait … Continue reading Will Home Prices Decrease When Mortgage Rates Increase?

Five Tips to Reduce Your Grocery Bill

On average, food costs are the third largest monthly expense for households, according to the Bureau of Labor Statistics, following only housing and transportation costs. Average food expenses per month in 2019 were $680.75, and of that, $386.92 came from grocery bills. That accounts for 5.6% of the average monthly income or 7.4% of the … Continue reading Five Tips to Reduce Your Grocery Bill