Everyone knows that kids are expensive. In addition to the cost of daycare or the loss of income staying home to care for a child, there is also another mouth to feed, another body to clothe, and activities needed to entertain. This all adds up. But how much exactly does this all cost? There are … Continue reading How Much Does It Cost To Raise A 3-Year-Old And A Newborn?
How Much Does It Cost To Raise A 2-Year-Old?
Raising kids is expensive, but it is hard to find out how much it costs to raise a child at different ages. Obviously, this varies from family to family, but real-world information can be helpful to those considering having kids and trying to plan for future expenses. I previously shared how much it costs to … Continue reading How Much Does It Cost To Raise A 2-Year-Old?
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
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?
Learn How To Budget In Microsoft Excel
Budgeting is an important skill to learn to be financially successful. According to the U.S. National Financial Capability Study, 19% of individuals reported that their households spent more than their income in 2018. That means that approximately 1 in 5 Americans spend more money than they earn. This can often happen when people do not … Continue reading Learn How To Budget In Microsoft Excel