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

What Is It Like To Be A First-Time Homebuyer In The U.S.?

As a young married couple with a small child, my wife and I have talked a lot recently about when would be the right time for us to buy a house. We like the idea of building home equity rather than renting, especially at today's low mortgage rates, and we believe that owning a house … Continue reading What Is It Like To Be A First-Time Homebuyer In The U.S.?

What Is The Average Change In Net Worth Per Year?

Everyone wants their net worth to grow, but it's nice to have a benchmark to compare your growth to in order to see how you are doing. Unfortunately, it's not easy to find the average annual change in net worth. It is possible to find annual net growth targets, as in this Financial Samurai article, … Continue reading What Is The Average Change In Net Worth Per Year?

How I Made Over $2,000 in One Month on Fiverr

I got paid $2480 in a single month for my editing gig on Fiverr last January. With more stores closing due to Covid-19, the days when you moonlight at a part-time side gig at a Gap factory store, folding T-shirts for a few hours a day during the holiday season, are long gone. Fret no … Continue reading How I Made Over $2,000 in One Month on Fiverr