finances http://www.wisebread.com/taxonomy/term/7885/all en-US Read "AgeProof: Living Longer Without Running Out of Money or Breaking a Hip" to Live Your Best Life http://www.wisebread.com/read-ageproof-living-longer-without-running-out-of-money-or-breaking-a-hip-to-live-your-best-life <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/read-ageproof-living-longer-without-running-out-of-money-or-breaking-a-hip-to-live-your-best-life" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_happy_smile_498296950.jpg" alt="Woman learning how to be Age Proof" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Even though the world is filled with unique individuals pursuing their own unique goals, we're all seeking an abundance of two things: health and wealth. And while the paths to these goals can require different choices, the methodologies behind the success in each are actually quite similar.</p> <p>Jean Chatzky, acclaimed author and financial editor of NBC's <em>Today</em>, and Dr. Michael Roizen, longtime wellness expert at the Cleveland Clinic, have brought their respective areas of expertise together in a new book to show readers how to become <em><a href="http://amzn.to/2m1NzYp">AgeProof</a></em>. They create easily actionable steps to achieve healthful longevity with enduring financial security with the same habits. They take the guesswork out of how to live longer and become richer. Is there anything better than that?</p> <p>Here are the best bits of wisdom from <em><a href="http://amzn.to/2m1NzYp">AgeProof</a></em> that'll show you how to live your best life.</p> <h2>1. Instant Gratification Is the Enemy</h2> <p>One of the first things Chatzky and Roizen mention is that we often pit instant gratification against long-term security. And that habit tends to affect health and wealth at every turn. If we learn how to manage the need to have something <em>right now</em> so that we could have much more in the future, our lives would vastly improve. Terrible financial and health-related decisions are made on impulse, and can have negative ramifications. But patience feels like a sacrifice, and Chatzky and Roizen want to teach you that you don't have to sacrifice in order to gain health and wealth. There is a middle ground that can work for you.</p> <h2>2. You Need to Acknowledge Your Longevity</h2> <p>The reason it's so important to strive for optimal health and wealth is because people are living longer lives. No matter how old you think you'll get, technology and medicine is improving at a rapid pace, so you'll probably live longer than you think. So if your goal is to enjoy a healthy life with a thick financial cushion, you need to master this interconnecting skill now in order to make that possible. And it's one thing to just survive to an old age with money in the bank, but it's another thing entirely to thrive until your very last day.</p> <h2>3. Science Is Your Friend</h2> <p>Sure, it would be easy to use medical statistics and financial statistics separately to reinforce the concept that health and wealth are important, but Chatzky and Roizen incorporate scientific data at the beginning of each section to show how these two are directly linked. Because in order to believe something can work for you, it's helpful to see how it has already helped others. It makes the goal seem even more achievable, and Chatzky and Roizen are your biggest cheerleaders here &mdash; even sharing some of their own personal anecdotes in the margins.</p> <h2>4. You Never Have to Settle for a Mediocre Life</h2> <p>One of the most important things Chatzky and Roizen reinforce is that you can dig yourself out of any hole. It doesn't matter if your finances are a complete disaster and you're in the worst shape of your life. These are both common problems that are easily reversible, and they provide small, actionable steps to getting back on track. At the end of each chapter, they even offer a list of three AgeProof Essentials that you can tackle right away.</p> <h2>5. Nobody Achieves Anything Alone</h2> <p>Building a strong community is crucial to going the distance in finance and health. Isolating yourself in either, or both, areas of your life adds stress, while sharing your progress in a social setting gives you space to reflect on your goals, as well as helping others feel less alone in those same struggles. Keeping a proper team, both professionally and personally, will aid you in your path to achieving health and wealth, and Chatzky and Roizen show you how.</p> <p>Pick up <a href="http://amzn.to/2m1NzYp">AgeProof: Living Longer Without Running Out of Money or Breaking a Hip</a> today!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/janet-alvarez">Janet Alvarez</a> of <a href="http://www.wisebread.com/read-ageproof-living-longer-without-running-out-of-money-or-breaking-a-hip-to-live-your-best-life">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-50-money-moves-you-need-to-make-when-big-changes-happen">Flashback Friday: 50 Money Moves You Need to Make When Big Changes Happen</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-tips-from-playbook-for-tough-times-thatll-help-you-live-your-best-life">5 Tips From &quot;Playbook For Tough Times&quot; That&#039;ll Help You Live Your Best Life</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-money-lessons-to-take-from-the-great-depression">9 Money Lessons to Take From the Great Depression</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/these-5-money-saving-hacks-are-a-huge-waste-of-time">These 5 Money-Saving Hacks Are a Huge Waste of Time</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-dumb-ways-youre-going-to-waste-money-this-summer">9 Dumb Ways You&#039;re Going to Waste Money This Summer</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Budgeting age proof budgeting finances frugal living healthy living jean chatzky living longer Thu, 16 Mar 2017 10:30:20 +0000 Janet Alvarez 1910225 at http://www.wisebread.com 9 Things You Can Do Online Besides Watch Cat GIFs http://www.wisebread.com/9-things-you-can-do-online-besides-watch-cat-gifs <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/9-things-you-can-do-online-besides-watch-cat-gifs" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-484720224.jpg" alt="smart ways to kill time on the computer" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>On the rare occasion that you have some free time, there are a variety of productive, frugal ways to browse the Internet &mdash; other than watching an endless stream of cat videos on YouTube. By taking advantage of your free time and getting the most out of your browsing, you can improve your life and achieve your goals more quickly. You can even save time and earn money along the way. Here are a few ways to wisely use your web time.</p> <h2>1. Review Your Finances</h2> <p>Check your online statements to balance your bank accounts and credit cards. This will help ensure that your budget is on track for the month. While you're at it, you can also pay your bills and check in on your investments. (See also: <a href="http://www.wisebread.com/5-tricks-to-consolidating-your-debt-and-saving-money?ref=seealso" target="_blank">5 Tricks to Consolidating Your Debt and Saving Money</a>)</p> <h2>2. Organize Your Computer</h2> <p>Organize the files on your computer so that you can be more productive at work. You can also run computer cleaners to clear away junk files, free up space, and even increase computer speed. (See also: <a href="http://www.wisebread.com/make-your-computer-last-almost-forever-with-some-simple-tricks?ref=seealso" target="_blank">Make Your Computer Last (Almost) Forever With Some Simple Tricks</a>)</p> <h2>3. Take a Class</h2> <p><a href="http://www.wisebread.com/9-cheap-ways-to-increase-your-knowledge-and-earning-potential?ref=internal" target="_blank">Online classes</a> span an endless range of subjects. They can help you learn a new skill or explore a new hobby. You can even study for a certification in your field to advance your career and help you seek new employment. (See also: <a href="http://www.wisebread.com/7-certifications-that-add-big-to-your-salary?ref=seealso" target="_blank">7 Certifications That Add Big to Your Salary</a>)</p> <p>Whether you want to learn something new or would like to improve your craft, anything can be accomplished with online courses. If you don't want to sign up for a course, consider finding an e-book that highlights your new skills. (See also: <a href="http://www.wisebread.com/7-things-you-need-to-know-before-taking-online-classes?ref=seealso" target="_blank">7 Things You Must Know Before Taking an Online Class</a>)</p> <h2>4. Learn to Code</h2> <p>Not everybody can master coding, but if it's something that interests you, there are endless free resources to get you started. Spend some time on sites like <a href="https://www.codecademy.com/" target="_blank">Codecademy</a> during your free time if you'd like to build a website or learn to decipher code.</p> <h2>5. Learn a Language</h2> <p>Learn a new language with sites like <a href="https://www.duolingo.com" target="_blank">Duolingo</a>, which is free to use. Best of all, you'll feel like you're playing a game while you learn a new language. (See also: <a href="http://www.wisebread.com/you-can-learn-a-new-language-just-use-one-of-these-3-apps?ref=seealso" target="_blank">You Can Learn a New Language</a>)</p> <h2>6. Learn to Speed Read</h2> <p>You can learn to speed read using free online apps like <a href="http://www.spreeder.com/" target="_blank">Spreeder</a>. This can save you time, help you read faster, and increase your productivity. (See also: <a href="http://www.wisebread.com/17-cool-jobs-for-book-lovers?ref=seealso" target="_blank">17 Cool Jobs for Book Lovers</a>)</p> <h2>7. Network</h2> <p>Spend some time fixing up your LinkedIn page and reach out to colleagues and contacts. This can improve your working relationships and help you find a new job when you need one. (See also: <a href="http://www.wisebread.com/30-minutes-to-a-linkedin-profile-that-gets-you-hired?ref=seealso" target="_blank">30 Minutes to a LinkedIn Profile That Gets You Hired</a>)</p> <h2>8. Write</h2> <p>Whether you are interested in writing articles, have a knack for poetry, or have considered starting your own blog, use your free time online to pursue your passion for prose. Best of all, you can even make some money in the process. (See also: <a href="http://www.wisebread.com/22-websites-that-will-pay-you-to-write-for-them?ref=seealso" target="_blank">22 Websites That Will Pay You to Write for Them</a>)</p> <h2>9. Play Games and Watch Videos for Cash</h2> <p>While playing games on your computer might not seem productive, you can actually make money while doing so. Sites like <a href="http://swagbucks.7eer.net/c/27771/19503/799" target="_blank">Swagbucks</a> will give you points for playing games, watching videos, answering surveys, shopping online, and searching the Internet. You can later trade in your points for cash or gift cards. (See also: <a href="http://www.wisebread.com/what-pays-more-online-surveys-or-the-gig-economy?ref=seealso" target="_blank">What Pays More: Online Surveys or the Gig Economy?</a>)</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/9-things-you-can-do-online-besides-watch-cat-gifs">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/beware-the-nasty-secret-of-the-craigslist-free-section">Beware, The Nasty Secret Of The Craigslist Free Section</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/life-without-tv">Life Without Television</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/going-off-the-grid-is-a-lot-harder-than-you-think">Going Off the Grid Is a Lot Harder Than You Think</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-85-best-ways-to-save-on-halloween-this-year">Flashback Friday: 85 Best Ways to Save on Halloween This Year</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/give-your-career-a-boost-with-one-skill">Give Your Career a Boost With One Skill</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Technology blogging coding computer computer games emails finances free time Internet online classes Thu, 19 Jan 2017 10:30:32 +0000 Andrea Cannon 1876779 at http://www.wisebread.com 5 Tips From "Playbook For Tough Times" That'll Help You Live Your Best Life http://www.wisebread.com/5-tips-from-playbook-for-tough-times-thatll-help-you-live-your-best-life <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-tips-from-playbook-for-tough-times-thatll-help-you-live-your-best-life" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_happy_work_93573781.jpg" alt="Woman living her best life thanks to playbook" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p><em>Editor's Note: Congratulations to Cheryl, the winner of a copy of Donna Freedman's book, &quot;Playbook for Tough Times!&quot;</em></p> <p>When you're stuck in a financial rut, it can be difficult to summon the strength to pull yourself out. And it often requires way more than just strength. You need a plan, you need willpower, you need guidance, and you need the right tools. All of those things can be found in Donna Freedman's new book, <a href="http://amzn.to/2eLFRcE" target="_blank"><em>Playbook For Tough Times: Living Large On Small Change, For The Short Term Or The Long Haul</em></a><em>.</em></p> <p>Freedman doesn't just offer incredible advice, she shares her personal struggles. She understands what it's like to scrape by as a young single mom. She has had to find creative and frugal ways to shop for groceries on a very limited budget. She also knows what it's like to have a bank account emptied by a lengthy divorce &mdash; and while caring for a special-needs child and attending college later in life. Freedman doesn't sugarcoat her financial tips because she knows there's nothing sweet about being broke. Her book reads like a conversation with your savvy best friend &mdash; she understands you, and she wants to help you. Here are some of her best tips for <a href="http://www.wisebread.com/4-brilliant-tips-from-smart-mom-rich-mom">weathering any financial storm</a>.</p> <h2>1. Don't Take It Personally</h2> <p>It's easy to look at your money woes and fixate on where it all went wrong, or at what point you screwed everything up. But if you obsess over what you specifically did wrong, you end up living inside that dark cloud of self-blame instead of seeking a solution. Freedman knows this cycle of negativity all too well.</p> <p>&quot;During my own difficult times I'd sometimes wonder, <em>Why me?</em> Ultimately I realized the answer: <em>Why </em><strong><em>not</em></strong><em> me?</em> Stuff happens. Life happens. It's not personal. So I worked to fix what I could and made my peace with the rest of it. No, life isn't fair. But unless your fairy godmother drops off a winning Powerball ticket, you have to play the hand you were dealt,&quot; Freedman writes.</p> <h2>2. Stay Frugal When Flush to Reach Financial Goals</h2> <p>It's no longer 2008, and we're inching our way out of the aftermath of the Great Recession. Back then, frugality meant survival, so there was no other way to live. Now that the economy is becoming more stable, people are starting to spend more, and save less. But living frugally doesn't need to be an emergency-only money strategy. The frugal lifestyle can help you reach your financial goals.</p> <p>Whether you're striving for an early retirement, paying off all your debt in the next few years, starting a family, or taking a much-needed vacation &mdash; as long as you make a conscious effort to save as often as possible, you'll be able to achieve the goals you want.</p> <h2>3. Understand That Frugality Is Fabulous</h2> <p>Freedman's mantra, &quot;Save where you can so you can spend where you want,&quot; is exactly what the world needs. You don't have to settle for eating ramen noodles for every meal for the rest of your life, but you also shouldn't overspend on everyday essentials that you can get for free or very cheap.</p> <p>Having the money to splurge occasionally, while also knowing how to get by when times get tough is a skill set that will make you financially invincible. And whenever the frugal life seems overwhelmingly tough to master, think about this bit of wisdom from Freedman:</p> <p>&quot;Ultimately I wanted more than rice and beans, thrift-store clothing, and part-time jobs that didn't pay well. But I was well aware that having those things made me luckier than a whole lot of people in this world. A rich life is not necessarily determined by the number of dollar signs in it.&quot;</p> <h2>4. Find All the Freebies</h2> <p>Why pay for something when you can get it for free? When a big chunk of your spending is entertainment-based &mdash; going to the movies, visiting museums, or embracing your bookworm side &mdash; Freedman shows you how to do all of that fun stuff for zero dollars.</p> <p>She also provides brilliant methods for slashing health expenses that can add up quickly, and lists foundations that provide free or reduced-price mammograms, dental work (including orthodontics), utility assistance, and eye exams and glasses. After all, there ain't no shame in the freebie game.</p> <h2>5. Embrace the Financial Fire Drill</h2> <p>The best tip, by far, is implementing what Freedman calls a &quot;financial fire drill.&quot; It's essentially a budget makeover that focuses on cutting down the number of bills you need to pay, and shifting into a smarter way to use your available funds. She breaks it down into three simple steps:</p> <ul> <li>On paper, build a baseline budget &mdash; which is the absolute minimum you need to survive.</li> </ul> <ul> <li>Pretend that your household lost some or all of its income.<br /> &nbsp;</li> <li>Subtract the baseline from the income that remains (including unemployment, if that's an option). If the answer is a negative number, time to take another look at those wants and needs.</li> </ul> <p>Doing this when your finances are stable gives you a head start into a better life, and also protects you from a major financial setback should tough times arise.</p> <p>Feeling motivated yet? For more of Freedman's honest brilliance, check out <a href="http://donnafreedman.com/">her blog</a>, or pick up your copy of <a href="http://amzn.to/2eLFRcE" target="_blank"><em>Playbook For Tough Times: Living Large On Small Change, For The Short Term Or The Long Haul</em></a>, on sale today!</p> <p><strong>Editor's Note</strong>: Donna has donated one paperback, Kindle or PDF copy to be given away to a Wise Bread reader. Leave a comment below for your chance to win. U.S. residents only, comment must be left before December 31, 11:59 am Pacific Time. Winner will be announced first week of January.</p> <p>In addition, Wise Bread has negotiated <strong>a short-term discount for the PDF version of the book</strong>: <a href="https://www.e-junkie.com/ecom/gb.php?c=cart&amp;ejc=2&amp;cl=315870&amp;i=1507332">Go to this link</a> and enter WISEBREAD in the &quot;discount code&quot; box and receive 'Playbook' for just $5. The code will be good through December 31.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/5-tips-from-playbook-for-tough-times-thatll-help-you-live-your-best-life">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/read-ageproof-living-longer-without-running-out-of-money-or-breaking-a-hip-to-live-your-best-life">Read &quot;AgeProof: Living Longer Without Running Out of Money or Breaking a Hip&quot; to Live Your Best Life</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-50-money-moves-you-need-to-make-when-big-changes-happen">Flashback Friday: 50 Money Moves You Need to Make When Big Changes Happen</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-money-lessons-to-take-from-the-great-depression">9 Money Lessons to Take From the Great Depression</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-dumb-ways-youre-going-to-waste-money-this-summer">9 Dumb Ways You&#039;re Going to Waste Money This Summer</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-38-money-lessons-we-can-learn-from-celebrities">Flashback Friday: 38 Money Lessons We Can Learn From Celebrities</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Budgeting budgeting donna freedman finances frugal living money master playbook for tough times Mon, 28 Nov 2016 23:39:47 +0000 Chrissa Hardy 1819952 at http://www.wisebread.com 7 Financial Reasons 2016 Needs to Be Over ASAP http://www.wisebread.com/7-financial-reasons-2016-needs-to-be-over-asap <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-financial-reasons-2016-needs-to-be-over-asap" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/2016_money_78468345.jpg" alt="Why 2016 needs to be over ASAP" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The year is winding down, and for many of us, it can't end soon enough. From a financial standpoint, 2016 was a mixed bag, at best. Of course, there's no guarantee that next year will be markedly better. But here are a bunch of financial reasons why we're ready to put up a new calendar.</p> <h2>1. Poor Economic Growth</h2> <p>For most of the time after World War II, Americans could count on a growing economy, usually to the tune of at least 3%, and often significantly higher. These days, the gross domestic product (GDP) of the United States is stuck on a slower growth path. While the economy did have a good third quarter, it's likely that growth for the year will be under 3% because of a dismal first half of the year. It's better than being in a recession, but this slower growth could have big implications on incomes, investment returns, and Americans' overall quality of life over time.</p> <h2>2. Mediocre Investment Returns</h2> <p>So far in 2016, the S&amp;P 500 has increased in value by a little over 7%. That's not bad, but many investors were hoping for a bigger jump after an increase of less than 2% in 2015. In the post World War II period, there have been only about a dozen instances when investment returns didn't average at least 5% annually over a two-year period. This will be the eighth consecutive year of positive market returns, and that's a good thing. But the last couple of years have fallen into the &quot;good, not great&quot; category, and that may force a lot of people to adjust their overall retirement projections downward.</p> <h2>3. Fewer People Working</h2> <p>America's unemployment rate is 4.9%, and that's historically quite low. So good news, right? Well, any excitement over that number is tempered by the fact that overall participation in the labor force is at one of its lowest points in the last 50 years. About 63 million people are considered part of the civilian workforce, but that's down from 67 million 15 years ago. The unemployment rate does not consider people who have voluntarily left the workforce or have been out of work for a very long time.</p> <p>There are a variety of reasons why fewer Americans are working, and not all of them are bad. An aging population means more people are retiring. More people are pursuing advanced education. The Affordable Care Act has made it easier for some people to get health insurance without the need to get it through an employer. People who choose to be out of the workforce for too long may lose skills that will make them more employable later. And a declining workforce also has a negative impact on household incomes, consumer spending, and, ultimately, economic growth.</p> <h2>4. Paltry Interest Returns</h2> <p>We've been in an ultralow interest environment for years now. Many of us have benefitted from the low cost of borrowing, but this also means that our savings accounts aren't generating much return. This is bad for anyone starting out saving and for older retirees who rely on interest income. It's also generally a sign from the Federal Reserve that the economy still needs some propping up. Low interest rates can be helpful to us in some respects, but most economists yearn for a time when rates weren't hovering near zero.</p> <h2>5. Flat Wages</h2> <p>Did you get a raise in 2016? If not, you're probably not alone. Real wage growth has been basically flat for years, and this year has been no exception. The U.S. Department of Labor reports that real average weekly earnings rose just 1% in September compared to the same month a year ago. The average worker earns just 11 cents per hour more than this same time last year, when you factor in inflation. This stubborn wage stagnation has a negative impact on the middle class, especially when you consider things like the rising cost of education. Will 2017 be better?</p> <h2>6. Brexit Reax</h2> <p>The world pretty much freaked out over the summer when people in the United Kingdom voted to have their country leave the European Union. It was a result that many believed could not happen, and sent stock markets around the globe tumbling. The British Pound lost a good chunk of its value, and overall uncertainty of what happens next has led to a drag on the economy and England and Europe as a whole.</p> <h2>7. Fumbling Phone Makers</h2> <p>In recent years, companies that make smartphones and other digital devices have been huge drivers of the stock market and the economy. Apple and Samsung certainly come to mind. But in 2016, it was a lot of bad news and disappointment.</p> <p>Samsung was forced to recall and stop production on its Galaxy Note 7, after reports that the phones were catching fire. This news virtually wiped out all of the company's profits for the third quarter of 2016.</p> <p>Meanwhile, Samsung's top competitor, Apple, hasn't exactly taken advantage. The company sold 45 million of its popular iPhone in the most recent quarter, compared to 48 million in the same period last year. And reviews of the newest iPhone 7 have been tepid. Shares of the company are up about 8% this year, which is solid growth but less than what we've come to expect from the tech behemoth. There is hope for 2017, however, as Apple says it will spend a whopping $16 billion on capital expenditures next year.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/7-financial-reasons-2016-needs-to-be-over-asap">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-money-goals-you-can-still-reach-by-2017">13 Money Goals You Can Still Reach by 2017</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-the-election-could-impact-your-wallet">Here&#039;s How the Election Could Impact Your Wallet</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-we-headed-toward-a-bull-or-bear-market">Are We Headed Toward a Bull or Bear Market?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/do-we-really-need-help-in-getting-more-debt">Do we really need help with getting more debt?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/uk-banks-are-blocking-customers-credit-cards-will-the-usa-be-next">UK banks are blocking customers&#039; credit cards. Will the USA be next?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance 2016 2017 Economy employment finances jobs New Year news stock market wages Tue, 08 Nov 2016 09:00:09 +0000 Tim Lemke 1828890 at http://www.wisebread.com 3 Good Money Examples Every Parent Should Set http://www.wisebread.com/3-good-money-examples-every-parent-should-set <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/3-good-money-examples-every-parent-should-set" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_19397725_MEDIUM.jpg" alt="every parent should set these money examples for their kids" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Here's a scary statistic for you: <a href="https://corporate.troweprice.com/Money-Confident-Kids/images/emk/2016pkmresultsdeckfinal-160322181149.pdf">71% of parents are reluctant</a> to discuss financial matters with their kids. I think the reason so many parents hold back from talking about money with their children is because they feel like they have nothing to offer. Or that kids don't need to learn about money until they're old enough to get a job. But there's a great deal they can learn from you during their younger years.</p> <p>No matter what your financial situation is, how much debt you have, or what you make per year, you can master better financial habits that your kids can learn from. Lead by example with these three important practices.</p> <h2>Maintain a Giving Heart</h2> <p>When your kids are driving you nuts, and you just want to get from your car into the store or restaurant as fast as possible, someone begging for money can seem like an inconvenience. It can be tempting to blow off the person with thoughts like, <em>Get a job</em>, or <em>I don't even have enough money for my own family.</em> Instead, offer to buy the person a meal at the restaurant or a grocery item at the store you are about to enter.</p> <p>This shows your children how to be giving and thoughtful of others. If the person does accept your offer, you can turn it into a simple teaching moment with your children. Say something like, &quot;You know how we always have food to eat or how you have a bed to sleep in? Some people don't have anything.&quot;</p> <p>Many times, the person in need will just want money. This is another great teachable moment. Encourage your children to help meet basic needs, but to not just foolishly throw their money at people. This goes for both homeless people and friends/family members who try to take advantage of others.</p> <h2>Avoid Impulse Buys</h2> <p>We see it in places like Target all the time: A child begs for every toy or sparkly thing. While the mother says, &quot;no&quot; firmly, she also has no reserve as she tosses a cute blouse and table décor into her cart.</p> <p>I'm guilty of this, too. I'm pretty good at keeping my children in check with impulse buys at the store, but I didn't immediately realize that I needed the same lesson. Now when we shop, and my four-year old asks if we can buy something, I try to make that a teachable moment for both of us. I say, &quot;Honey, I know you want a lot of things here, and so do I, but it is so important for us to buy only what we need today.&quot;</p> <p>Does this mean you can never buy anything fun? Of course not. But plan and budget for the fun items, including your children in the process. Maybe saying something like, &quot;Today we are going to pick out some holiday decorations. Our budget is $20 today. Can you help me pick out something?&quot;</p> <p>See also:&nbsp;<a href="http://www.wisebread.com/5-easy-things-science-says-you-should-do-for-your-family?ref=seealso">5 Easy Things Science Says You Should Do for Your Family</a></p> <h2>Set Financial Goals</h2> <p>Goals are extremely important in life. I'm not talking about vague and lofty goals such as, getting out of debt or saving $20,000 by January 1. You need to set concrete goals that have actionable steps, and keep progress of your goals until completion. Don't be afraid to tell older kids what your financial goals are for the year, and give them progress reports. It is important for children to learn that they can accomplish a huge variety of tasks &mdash; saving money, getting healthy, learning a skill, etc. &mdash; if they set and follow through with their goals.</p> <p>To make this a family matter, come up with a fun vacation you can take together. Figure out the cost (don't forget to budget in money for unexpected extras) and the date. For example, if you are planning on spending $2,500 for a weekend vacation in six months, then you would need to save about $100 each week. Make it a fun game by drawing a chart that tracks progress.</p> <p>Another way to help your child understand how to set financial goals is to have them set their own. For example, if they want a certain toy at the store, figure out how much it will cost. Then make a savings jar and a progress chart for them that relates to how much they earn per week through chores. Frugal-mama.com has a&nbsp;<a href="http://www.frugal-mama.com/wp-content/uploads/2010/01/FrugalMamaSavingsProgressThermometerChart.pdf">free savings goal printable</a> to help you track progress.</p> <p>See also:&nbsp;<a href="http://www.wisebread.com/8-reasons-frugal-families-love-boardgame-night?ref=seealso">8 Reasons Frugal Families Love Boardgame Night</a></p> <p>Whether you don't want to burden your kids with your financial woes or you feel like you don't have enough information to give them, think again. You don't have to share every money worry or goal with them, but show them how you manage money and teach them basic financial fundamentals in a fun manner.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/3-good-money-examples-every-parent-should-set">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-fun-books-that-will-get-your-kids-excited-about-money">10 Fun Books That Will Get Your Kids Excited About Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-use-new-toys-to-teach-kids-about-money">How to Use New Toys to Teach Kids About Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-money-lessons-you-can-learn-from-your-pets">6 Money Lessons You Can Learn From Your Pets</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/24-tips-for-having-a-baby-without-going-broke">24 Tips for Having a Baby Without Going Broke</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-money-lessons-we-can-learn-from-the-easter-bunny">6 Money Lessons We Can Learn From the Easter Bunny</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Budgeting Family finances financial lessons kids lead by example money lessons parenting Thu, 27 Oct 2016 09:30:25 +0000 Ashley Eneriz 1821540 at http://www.wisebread.com This Simple Journal May be the Fix for Your Finances http://www.wisebread.com/this-simple-journal-may-be-the-fix-for-your-finances <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/this-simple-journal-may-be-the-fix-for-your-finances" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_happy_notebook_88108789.jpg" alt="Woman using journal to fix her finances" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you'd like an organized system to help you track the past, plan the present, and look to the future, a bullet journal is just what you need. If you already live your life according to a to-do list, then this journal will help you organize the millions of to-do lists that you have for every part of your life.</p> <p>A bullet journal, originally created by Brooklyn-based digital product designer Ryder Carroll, is a to-do list that can help you manage your finances, track your expenses, and budget more effectively. You can even use it to help you save more. Your spending book can assist with financial planning by helping you set goals and track them on a daily, weekly, monthly, and even yearly basis.</p> <h2>How to Use It</h2> <p>A bullet journal can be used for whatever you need. It can help you keep better track of your work projects, organize your daily life, or improve your finances. The purpose of this journal is to jot down quick bullet point notes, rather than writing out full sentences. This is referred to as &quot;rapid logging&quot; and can help save you time.</p> <h2>How to Make One</h2> <p>You can find a number of bullet journal budget layouts online. The most important thing is to have a quality journal that is the right size, so you can take it with you anywhere you need. Most journal enthusiasts recommend getting a journal with dotted lines, as this makes it easier to adapt to different layouts. Some bullet journal enthusiasts also recommend finding a journal that already has a blank index and numbered pages to save you more time.</p> <p>To get things started, there are some standard sections that are traditionally included in most bullet journals:</p> <ul> <li><strong>Index:</strong> Each page in your journal should have a page number, which you can reference in your index. This will help you quickly find whatever you need.<br /> &nbsp;</li> <li><strong>Daily Log:</strong> Keep track of everything you need to get done for the day. Tasks, events, and notes should be tracked for each day. For important bullets, mark them with a star to the left, so your eye will automatically go to this important task. Once you complete a task, add an X to the left, so you can see that it's been completed. When you're planning for the following month, simply move over any tasks that did not get completed (with an X) from the prior month.<br /> &nbsp;</li> <li><strong>Monthly Log:</strong> This will be split into each day of the month and can be used as a traditional monthly calendar.<br /> &nbsp;</li> <li><strong>Monthly Task List:</strong> Write down everything you need to get done over the month, such as paying bills.<br /> &nbsp;</li> <li><strong>Future Log:</strong> This can help you keep track of future events and goals, and can put your year at a glance. It's ideal for long-term goals, such as paying off a particular bill or increasing your monthly contribution to your retirement accounts.</li> </ul> <p>To make your journal more effective, you'll need to master a few simple symbols so that you can easily categorize your tasks. The most commonly used symbols include:</p> <ul> <li>A <strong>bullet</strong> is a to-do.</li> <li>An <strong>X</strong> marks a task completed.</li> <li>An <strong>O</strong> marks a big event.</li> <li>A <strong>&mdash;</strong> marks a note or quick thought.</li> <li>A <strong>&lt;</strong> marks a scheduled event.</li> <li>A<strong> &gt;</strong> means you procrastinated and need to move that task to the following day, week, or month.</li> </ul> <p>If you don't like these symbols, you can use whatever you prefer. If you tend to get confused or can't remember what the symbols mean in the beginning, simply keep a key in the front or back of your journal.</p> <h2>How the Journal Relates to Your Finances</h2> <p>With a bullet journal, your past, present, and future can meld into one. This will allow you to look back and see what has worked and what hasn't. In order for this to work, you need to track your successes along the way. Think of it as your financial diary. Be honest about what you purchased, whether those purchases were worth it, how you saved extra money every month, and how much closer you're getting toward your financial goals.</p> <h2>Track a Single Goal</h2> <p>If you have trouble with one particular task, and you feel gratification from crossing things off your to-do list, then consider focusing on one goal that you can track in your journal. Simply set one line for each month (with numbers for each day of the month) and cross off each day that you are able to achieve this goal. Some of the best things to track include taking lunch to work every day (saving you a hefty sum every month) and not spending money on an expensive habit (like drinking, eating out, or buying cigarettes).</p> <h2>Determine What You're Saving For</h2> <p>First, you want to figure out what you're saving for and when you'd like to reach that goal. Separate one page into four sections, for this year and the next three years. Mark what you'd like to save for in each year. You can also keep a page of things that you want, so you can keep your eye on the prize, rather than just buying everything you want on the spot.</p> <p>Find <a href="https://www.instagram.com/p/BAkY4AlRy8T/">fun ways to save</a> for certain future events, such as a vacation, new car, or wedding. For a <a href="http://www.hellodeborah.co.uk/app/uploads/2016/07/bullet-journal-savings-goals-1024x722.jpg">basic savings plan</a>, mark what you're saving for with a rectangle that includes small boxes for every $100 that you need to save. Once you save $100 toward that goal, you can fill in the box, so you can see how much closer you're getting to your goal.</p> <h2>Track Your Bills and Expenses</h2> <p>You can <a href="https://www.pinterest.com/pin/113364115598769829/">track expenses</a>, plan out how you'll achieve your financial goals, check off that you met your budget every week, and <a href="https://bulleteverything.com/bills-finance-tracker/">track your bills</a> paid and due. You can even flag your expenses with <a href="https://www.pinterest.com/pin/302726406184978726/">different symbols or colors</a>, based on the category or necessity, so you can get a better idea of what you're spending the most on and what you can cut out. Try to set up at least two pages to track your expenses and income.</p> <p>To track your bills due, note all of the bills you pay regularly. Separate these expenses into how often they need to be paid down the side of the journal page. At the top, split each month into three sections: Amount, Due Date, and Paid (which you will mark with an X once the bill or expense has been paid). This will ensure that you never miss a payment again.</p> <p>For your expenses list, separate one page into categories, so you can mark what you've spent toward each category, such as gas and groceries. Separate your monthly expenses spread into three columns: Date, Description, and Cost. You can also add another column for how you paid (by cash, check, or card), if you're trying to use cash or a particular card more often. You can even color code the expenses, based on whether you wanted them or needed them. This can serve as your checkbook registrar, so you can keep track of what's been spent and where. It'll give you a better estimate of what you're spending on each category, so you can make future projections.</p> <h2>Keep a Financial Spread</h2> <p>Keep track of what your financial goals are and how often you should be saving for them. This will ensure that you save enough without having to save more than you're able to afford.</p> <p>These are the basics of starting and using a bullet journal. Your journal is what you make of it, so <a href="https://www.buzzfeed.com/nicolenguyen/genius-ways-you-can-customize-your-bullet-journal?utm_term=.dadNDYGmK#.hcgV6Y3B0">customize it</a> in any way you choose. Just try to keep it fun and organized, so it can help you achieve the ultimate financial freedom. If you want to delve more deeply into this powerful to-do list, there is <a href="http://bulletjournal.com/get-started/">endless information online</a> and you can even find inspiration on Pinterest and Instagram.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fthis-simple-journal-may-be-the-fix-for-your-finances&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FThis%2520Simple%2520Journal%2520May%2520be%2520the%2520Fix%2520for%2520Your%2520Finances.jpg&amp;description=This%20Simple%20Journal%20May%20be%20the%20Fix%20for%20Your%20Finances"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/This%20Simple%20Journal%20May%20be%20the%20Fix%20for%20Your%20Finances.jpg" alt="This Simple Journal May be the Fix for Your Finances" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/this-simple-journal-may-be-the-fix-for-your-finances">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-budgeting-skills-everyone-should-master">11 Budgeting Skills Everyone Should Master</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/stop-making-these-7-basic-budget-mistakes">Stop Making These 7 Basic Budget Mistakes</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-build-your-best-travel-budget">How to Build Your Best Travel Budget</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-easy-ways-to-budget-for-summer-vacation">7 Easy Ways to Budget for Summer Vacation</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-simple-ways-to-save-money-by-tracking-your-receipts">6 Simple Ways to Save Money by Tracking Your Receipts</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Budgeting Organization bullet journal expenses finances goals keeping track saving money to do lists Wed, 26 Oct 2016 10:30:09 +0000 Andrea Cannon 1820846 at http://www.wisebread.com Flashback Friday: 38 Money Lessons We Can Learn From Celebrities http://www.wisebread.com/flashback-friday-38-money-lessons-we-can-learn-from-celebrities <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/flashback-friday-38-money-lessons-we-can-learn-from-celebrities" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/john_oliver_91926655.jpg" alt="Learning money lessons from John Oliver" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Whether you become rich first, or famous first, the two eventually go hand in hand. In order to maintain that financial success, you need to be smart about how all that money is spent. Otherwise, you'll lose both. Here are 38 money lessons we can learn from famous people.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/dwayne_johnson_000018755909.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/6-money-lessons-we-could-all-learn-from-dwayne-the-rock-johnson?ref=fbf">6 Money Lessons We Could All Learn From Dwayne &quot;The Rock&quot; Johnson</a> &mdash; After his football career ended, The Rock had just $7 left to his name. He has since turned that into an impressive acting career, and millions of dollars. He never gave up on his dreams, and neither should you.</p> <p><a href="http://www.wisebread.com/4-money-lessons-we-can-learn-from-jk-rowling?ref=fbf">4 Money Lessons We Can Learn From J.K. Rowling</a> &mdash; She was a single mom and living on government assistance when she wrote the first book in the wildly popular <em>Harry Potter </em>series. Rowling is also the first female billionaire novelist creating a brand worth $15 billion. She knows a thing or two.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/beyonce_knowles_000016852365.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/7-money-lessons-we-can-learn-from-beyonc?ref=fbf">7 Money Lessons We Can Learn From Beyoncé</a> &mdash; Bow down to Queen Bey, because she knows how to manage her money like a baller. She might be one-half of the biggest power couple in the world, but she has also created a diversified career in entertainment, and could easily stand on her own.</p> <p><a href="http://www.wisebread.com/zooey-deschanel-never-pays-late-fees-and-5-other-smart-money-lessons-from-celebrities?ref=fbf">Zooey Deschanel Never Pays Late Fees and 5 Other Smart Money Lessons From Celebrities</a> &mdash; Did you know that Kristen Bell is a coupon clipper? Or that Mindy Kaling returns most of the clothes she buys? Celebrities are just like us! Even though they are raking in the dough.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/john_oliver_12450865504_98a7a40631_z.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/7-best-money-management-tips-from-john-oliver?ref=fbf">7 Best Money Management Tips From John Oliver</a> &mdash; John Oliver might be a famous funny man, but his weekly show on HBO often covers financial news stories that everyone should pay attention to. From zombie debt to creating a reliable retirement plan, John Oliver knows all.</p> <p><a href="http://www.wisebread.com/8-financial-lessons-from-adele?ref=fbf">8 Financial Lessons From Adele</a> &mdash; Adele might say &quot;Hello from the other side&quot; of extreme wealth, but she lives a surprisingly relatable lifestyle. She shops at thrift stores and one of her most extravagant purchases was a plasma TV.<em> I know! </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/flashback-friday-38-money-lessons-we-can-learn-from-celebrities">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-50-money-moves-you-need-to-make-when-big-changes-happen">Flashback Friday: 50 Money Moves You Need to Make When Big Changes Happen</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-85-best-ways-to-save-on-halloween-this-year">Flashback Friday: 85 Best Ways to Save on Halloween This Year</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-34-ways-fitness-can-improve-your-finances">Flashback Friday: 34 Ways Fitness Can Improve Your Finances</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-38-money-misconceptions-we-need-to-stop-believing">Flashback Friday: 38 Money Misconceptions We Need to Stop Believing</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-brilliant-tips-from-smart-mom-rich-mom">4 Brilliant Tips From &quot;Smart Mom, Rich Mom&quot;</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Frugal Living Entertainment Adele Beyoncé budgeting celebrities fbf finances flashback friday frugal living jk rowling john oliver money lessons Fri, 14 Oct 2016 10:00:11 +0000 Chrissa Hardy 1812616 at http://www.wisebread.com Flashback Friday: 85 Best Ways to Save on Halloween This Year http://www.wisebread.com/flashback-friday-85-best-ways-to-save-on-halloween-this-year <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/flashback-friday-85-best-ways-to-save-on-halloween-this-year" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/girl_halloween_witch_74979483.jpg" alt="Learning best ways to save on Halloween this year" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Halloween is just around the corner, as is the rest of the seriously pricey holiday season. We spend so much time budgeting for Christmas that we forget about how expensive Halloween can be. With the candy, costumes, decorations, and theme parties, it's very easy to blow your holiday budget before November even begins. Let's be better this year. Here are the 85 best ways to save on Halloween 2016.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/halloween-3801440-small.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/13-sites-to-find-your-halloween-costume-cheap?ref=fbf">13 Sites to Find Your Halloween Costume Cheap</a> &mdash; You want a complete costume with attire and accessories, but you also want it for cheap. You're only going to wear it once anyway, so get your Halloween costume from any of these sites and you'll save mega bucks.</p> <p><a href="http://www.wisebread.com/13-scariest-halloween-frights-you-can-make-from-trash?ref=fbf">13 Scariest Halloween Frights You Can Make From Trash</a> &mdash; One person's trash is that same person's Halloween craft treasure, apparently. There are tons of cute decorations you can make from recycling stuff you already have. Plus, it's fun!</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/dog_halloween_costume_000076280051.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/13-diy-halloween-costumes-for-your-pets?ref=fbf">13 DIY Halloween Costumes for Your Pets</a> &mdash; Pet owners usually love dressing their pets up in Halloween costumes because the level of cuteness is astounding. But since your pet has no idea what's going on, and probably isn't a huge fan of wearing clothes, use these tips to create a cheap and adorable DIY costume instead of buying one.</p> <p><a href="http://www.wisebread.com/20-simple-and-cheap-halloween-costumes-for-kids?ref=fbf">20 Simple and Cheap Halloween Costumes for Kids</a> &mdash; Halloween costumes for kids don't need to be elaborate or costly. Plus, they'll probably grow out of the costume by the time trick-or-treating is over anyway, right? All of these ideas are creative, frugal, and all kinds of cute.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/000021549896.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/25-diy-halloween-treats-that-trick-or-treaters-will-love?ref=fbf">25 DIY Halloween Treats That Trick-or-Treaters Will Love</a> &mdash; Skip the candy corn &mdash; because nobody actually eats that anyway &mdash; and make any of these DIY Halloween treats. Your home might become the best one on the block.</p> <p><a href="http://www.wisebread.com/the-big-list-of-money-saving-coupon-codes-for-halloween-2016?ref=fbf">The Big List of Money-Saving Coupon Codes for Halloween 2016</a> &mdash; Looking to save some extra cash while doing your Halloween shopping this year? Look no further than this massive and magnificent list of money-saving coupon codes.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/flashback-friday-85-best-ways-to-save-on-halloween-this-year">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-44-sneaky-shopping-traps-to-avoid">Flashback Friday: 44 Sneaky Shopping Traps to Avoid</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-38-money-lessons-we-can-learn-from-celebrities">Flashback Friday: 38 Money Lessons We Can Learn From Celebrities</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-50-money-moves-you-need-to-make-when-big-changes-happen">Flashback Friday: 50 Money Moves You Need to Make When Big Changes Happen</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-47-best-back-to-school-shopping-hacks-ever">Flashback Friday: 47 Best Back-to-School Shopping Hacks Ever</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-34-ways-fitness-can-improve-your-finances">Flashback Friday: 34 Ways Fitness Can Improve Your Finances</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Shopping budgeting fbf finances flashback friday frugal living Halloween halloween candy halloween costume Holidays Fri, 07 Oct 2016 10:00:06 +0000 Chrissa Hardy 1807574 at http://www.wisebread.com Flashback Friday: 34 Ways Fitness Can Improve Your Finances http://www.wisebread.com/flashback-friday-34-ways-fitness-can-improve-your-finances <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/flashback-friday-34-ways-fitness-can-improve-your-finances" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_stretching_90742145.jpg" alt="Woman learning how fitness can improve her finances" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you look closely, you can find helpful money lessons everywhere &mdash; even in your workouts. The skills required to get in shape, gain strength, and improve your balance on the yoga mat are the same as becoming a money master. Here are 34 ways exercise can make help you get your money in shape, too.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/iStock_000076935935_Large.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/5-things-yoga-can-teach-you-about-money?ref=fbf">5 Things Yoga Can Teach You About Money</a> &mdash; Mindfulness, flexibility, and balance won't just help you on the mat. They'll help you take charge of your financial wellbeing, too. Yoga is basically the answer to everything, even learning how to master your money.</p> <p><a href="http://www.wisebread.com/get-a-great-workout-for-free-with-11-simple-moves?ref=fbf">Get a Great Workout for Free With 11 Simple Moves</a> &mdash; It's tempting to splurge on the latest fitness trends, but finding ways to get fit for free will serve as a reminder that you have the willpower to remain frugal in other areas as well. Why pay anything when you can get away with paying $0?</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/martial_arts_000064696395.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/7-money-lessons-i-learned-from-martial-arts?ref=fbf">7 Money Lessons I Learned From Martial Arts</a> &mdash; Much like yoga, becoming skilled in martial arts requires focus and balance. But it also helps you strengthen your patience, awareness, and become more confident. And a confident, patient, fully aware person can do anything, even save money like a boss.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/family-roleplaying-178431199-small.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/5-things-play-teaches-you-about-personal-finance?ref=fbf">5 Things Play Teaches You About Personal Finance</a> &mdash; Just as important as work, is play! And playtime isn't just for kids. Adults need time to run around, cut loose, and be silly, because it allows us to step away from a task and come back later with a fresh mindset. Your money needs that every now and then.</p> <p><a href="http://www.wisebread.com/6-ways-meditation-can-make-you-a-money-master?ref=fbf">6 Ways Meditation Can Make You a Money Master</a> &mdash; Although you don't necessarily break a sweat during mediation, it's still an extension of yoga and requires basically all the same skills. The only muscle you'll be flexing is your brain, but that's also the one that will keep you striving for a better financial life.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/flashback-friday-34-ways-fitness-can-improve-your-finances">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-50-money-moves-you-need-to-make-when-big-changes-happen">Flashback Friday: 50 Money Moves You Need to Make When Big Changes Happen</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-the-119-best-fitness-hacks-for-busy-people">Flashback Friday: The 119 Best Fitness Hacks for Busy People</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-the-99-best-fitness-hacks-of-all-time">Flashback Friday: The 99 Best Fitness Hacks of All Time</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-76-new-years-resolutions-thatll-make-2017-your-year">Flashback Friday: 76 New Year&#039;s Resolutions That&#039;ll Make 2017 Your Year</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-85-best-ways-to-save-on-halloween-this-year">Flashback Friday: 85 Best Ways to Save on Halloween This Year</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Health and Beauty budgeting exercise fbf finances fitness flashback friday frugal living personal finance yoga Fri, 30 Sep 2016 10:00:06 +0000 Chrissa Hardy 1802807 at http://www.wisebread.com Here's What Your Vote Says About Your Money Style http://www.wisebread.com/heres-what-your-vote-says-about-your-money-style <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/heres-what-your-vote-says-about-your-money-style" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/kid_vote_patriotic_78663835.jpg" alt="Learning what your vote says about your money style" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Does your philosophy toward money influence your politics? Do you support or oppose certain candidates based on your own spending or investing style?</p> <p>There are plenty of stereotypes out there, but also a good amount of evidence suggesting that the way we vote is a reflection of our approach to money. The studies sampled below vary in size and quality, so take them with a grain of salt, to be sure &mdash; but here's what they tell us about your vote and your money.</p> <h2>1. Conservatives Save, Liberals Spend</h2> <p>This is a generalization, but it does appear to be backed up by some data. A 2014 Gallup poll revealed that 64% of self-identified conservatives prefer saving money over spending it, compared to 54% for self-identified liberals. And this difference in attitude appears to exist even among young people, though there is growing evidence that Millennials learned to become more frugal after the Great Recession.</p> <h2>2. Democrats Have More Credit Cards, But Use Them More Wisely</h2> <p>A survey from Credit Sesame last year revealed that people in Democratic (or &quot;Blue&quot;) states have more credit cards and higher credit limits than those in Republican-leaning states. Republican states, on the other hand, use fewer cards and have less debt overall, but had 34% more people who have gone over their credit limit.</p> <h2>3. Beliefs Guide Investing</h2> <p>If you have strong feelings on certain social or political issues, it may impact how you shop and how you invest. A conservative voter might not want to invest in movie studios that make violent films, or have sexual content. An anti-gun voter would avoid a mutual fund that invests in Smith and Wesson. Environmentally conscious investors will research a company's record on sustainability or pollution before becoming shareholders.</p> <p>These days, there are hundreds of socially conscious mutual funds that exclude companies for a reasons ranging from their sale of tobacco or alcohol, their use or production of nuclear power, their role in the defense industry, or their labor practices.</p> <h2>4. If Your Candidate's Winning, You're More Optimistic</h2> <p>If the candidate you support is in the lead, then you feel good about the future. And an optimistic person is more likely to invest their money, under the assumption that the economy and stock market will do well. Research shows this is true whether you're a Democrat or a Republican. A study titled, <a href="http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1509168"><em>Political Climate, Optimism, and Investment Decisions</em></a> showed that Democrats were more optimistic about the economy after 1992 and 1996, but that trend reversed in 2000, when a Republican took office.</p> <h2>5. You Should Vote the Way You Should Invest &mdash; With Your Eyes on the Horizon</h2> <p>Accumulating wealth requires patience and time and a willingness to look at the big picture. The best investors take a long view with their money, rather than buy and sell on a whim. And it's possible to vote with a similar mindset. When voting, do you wonder which candidate is best equipped to plan for the nation's long-term health? Voters taking the long view might be attracted to candidates who talk about things like infrastructure investment, the cost of entitlements, or future changes in technology or demographics.</p> <p><em>Do any of these money and politics links ring true for you?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/heres-what-your-vote-says-about-your-money-style">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-to-make-the-moment-you-get-a-promotion">8 Money Moves to Make the Moment You Get a Promotion</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-siri-can-be-your-personal-finance-assistant">9 Ways Siri Can Be Your Personal Finance Assistant</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/21-things-that-young-adults-absolutely-need-to-know-about-money">21 Things That Young Adults Absolutely Need to Know About Money</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-personal-finance-tips-for-introverts">8 Personal Finance Tips for Introverts</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-biggest-lies-we-tell-ourselves-about-money">The 10 Biggest Lies We Tell Ourselves About Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Clinton conservative democrats finances investing liberal republicans saving trump voting Fri, 09 Sep 2016 09:00:14 +0000 Tim Lemke 1788931 at http://www.wisebread.com Flashback Friday: 50 Money Moves You Need to Make When Big Changes Happen http://www.wisebread.com/flashback-friday-50-money-moves-you-need-to-make-when-big-changes-happen <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/flashback-friday-50-money-moves-you-need-to-make-when-big-changes-happen" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_holding_cash_91828121.jpg" alt="Woman making money moves when big changes happen" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You wanna win at life? Be flexible. Learn how to adapt to change. Because life is long and change is inevitable. And when you're facing a major shift in your daily routine, it might be time to reevaluate your money. Here are all the money moves you need to make when big changes happen.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/iStock_000077659843_Large.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/11-financial-moves-to-make-the-moment-you-get-fired?ref=fbf">11 Financial Moves to Make the Moment You Get Fired</a> &mdash; Getting fired sucks, and at some point, it happens to a lot of us. Lessen the blow by being financially prepared in case you walk into work one day and walk out with your stuff in a box.</p> <p><a href="http://www.wisebread.com/8-money-moves-to-make-the-moment-you-get-a-promotion?ref=fbf">8 Money Moves to Make the Moment You Get a Promotion</a> &mdash; If you work hard and stay focused, chances are you'll get promoted. So when you get a pay bump and a new corner office, make sure your money goals reflect your new success.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/woman_happy_credit_card_000089299163.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/9-money-moves-to-make-the-moment-your-credit-cards-are-paid-off?ref=fbf">9 Money Moves to Make the Moment Your Credit Cards Are Paid Off</a> &mdash; Reaching debt-free status with your credit cards is everyone's goal, and it's a good one to strive for. So once you reach it, you need to put a plan in place to keep that money momentum going. Otherwise, you'll end up right back where you started.</p> <p><a href="http://www.wisebread.com/12-money-moves-to-make-the-moment-you-decide-to-retire?ref=fbf">12 Money Moves to Make the Moment You Decide to Retire</a> &mdash; Before you leave the workforce and become an official retiree, examine your savings and confirm that you won't ever have to work again. That's what retirement is all about, right?</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/friends_hands_heart_29104258.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/5-money-moves-to-make-the-moment-you-decide-to-get-married?ref=fbf">5 Money Moves to Make the Moment You Decide to Get Married</a> &mdash; Weddings are expensive, and deciding to share your life with another person can bring about all kinds of major money choices. Make sure you're both on the same page, and are set up for a blissful partnership.</p> <p><a href="http://www.wisebread.com/5-money-moves-to-make-the-moment-you-decide-to-get-divorced?ref=fbf">5 Money Moves to Make the Moment You Decide to Get Divorced</a> &mdash; Not everyone will end up divorced, but if you find yourself in this boat, it's definitely a good time to make sure your finances are in order. Divorce is stressful and heartbreaking enough, so ensure your financial sanity by planning and protecting yourself from ending up broke.</p> <p><em>What other money moves should you make throughout your life? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/flashback-friday-50-money-moves-you-need-to-make-when-big-changes-happen">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-34-ways-fitness-can-improve-your-finances">Flashback Friday: 34 Ways Fitness Can Improve Your Finances</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-85-best-ways-to-save-on-halloween-this-year">Flashback Friday: 85 Best Ways to Save on Halloween This Year</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-38-money-lessons-we-can-learn-from-celebrities">Flashback Friday: 38 Money Lessons We Can Learn From Celebrities</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/read-ageproof-living-longer-without-running-out-of-money-or-breaking-a-hip-to-live-your-best-life">Read &quot;AgeProof: Living Longer Without Running Out of Money or Breaking a Hip&quot; to Live Your Best Life</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-44-sneaky-shopping-traps-to-avoid">Flashback Friday: 44 Sneaky Shopping Traps to Avoid</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Budgeting budgeting fbf finances flashback friday frugal living money moves personal finance smart Fri, 12 Aug 2016 10:00:14 +0000 Chrissa Hardy 1770843 at http://www.wisebread.com How to Clear Out Financial Clutter http://www.wisebread.com/how-to-clear-out-financial-clutter <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-clear-out-financial-clutter" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_85246829_LARGE.jpg" alt="clearing out financial clutter" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Clearing clutter out of your home can make you instantly more organized and can simplify your life. Clearing away any unnecessary items can also help you find happiness. The same concept goes for your finances. By clearing out financial clutter, you can decrease financial stress in your life, save time during tax season, and get a better grip on your personal finances.</p> <h2>What to Keep</h2> <p>The first step in clearing away paper clutter is deciding what to keep and what to toss.</p> <h3>Tax Records</h3> <p>It is crucial that you keep any tax records for seven years, as the IRS can audit you up to seven years later. This is especially important if you are self-employed. If you are ever hit with an IRS audit, you may need to produce physical documents, so it's a good idea to keep the records together in a large envelope or folder for each tax year. (See also: <a href="http://www.wisebread.com/to-shred-or-not-to-shred-how-long-to-keep-your-tax-records?ref=seealso">To Shred or Not to Shred: How Long to Keep Your Tax Records</a>)</p> <p>According to LearnVest, you'll want to <a href="https://www.learnvest.com/2014/08/how-to-organize-your-finances/2/">keep the following for tax purposes</a>:</p> <ul> <ul> <li>Previous income tax returns</li> <li>Pay stubs</li> <li>Financial statements for investment accounts</li> <li>Bank statements</li> <li>Credit card statements that have a record of tax-deductible items you purchased</li> </ul> </ul> <p>If any of the above items can be pulled up online and printed, then you won't need to keep a paper copy.</p> <h3>Important Personal Documents</h3> <p>Certain items should never be thrown away, such as a marriage license, birth certificate, will, life insurance policies, and record of paid mortgage. You want to keep these in a secure place, like a filing cabinet or safety deposit box. It's also a good idea to keep medical bills and canceled insurance policies for at least three years.</p> <p>Anything related to your home, such as repair bills and the bill of sale, should be kept for as long as you own the home. The same rule applies to your vehicles.</p> <p>You will also want to keep contracts, insurance documents, and retirement plan records for as long as they are still valid. You may also want to keep receipts for major purchases, like expensive furniture, in case you need to file an insurance claim in the future.</p> <h3>Warranties</h3> <p>It is important that you keep any warranties or guarantees for as long as they are valid. If the warranty requires you to send the original UPC code, simply staple the warranty, scan code, and receipt together. Write the warranty expiration date on the front so that you can go through your warranties and toss any expired ones at the end of the year.</p> <h3>The One-Year Rule</h3> <p>In most cases, you can dispose of the following items after one year, once they've been reconciled with your W-2 and annual statement:</p> <ul> <ul> <li>Paycheck stubs</li> <li>Bank records</li> <li>Cancelled checks</li> <li>Quarterly investment statements</li> </ul> </ul> <p>If you need any of these items for tax purposes, then it's best to keep them for at least three years.</p> <h2>What to Toss</h2> <p>According to the National Association of Professional Organizers, <a href="http://www.nbcphiladelphia.com/contact-us/community/TIPS-FROM-THE-NATIONAL-ASSOCIATION-OF-PROFESSIONAL-ORGANIZERS-278382951.html">80% of what we file</a> never gets looked at again, so it's time to start tossing unnecessary files and paperwork.</p> <h3>Monthly Statements</h3> <p>In most cases, any utility, phone, credit card, and loan statements can be pulled up online, so there's no reason to keep a paper copy for your records. Some financial institutions will even offer a discount to customers if you choose to receive your statements online or via email. You can also call and request statements later, if needed. If you like keeping financial statements around, consider just keeping the year-end statement for your records. (See also: <a href="http://www.wisebread.com/5-ways-to-finally-make-your-finances-paperless?ref=seealso">5 Ways to Finally Make Your Finances Paperless</a>)</p> <h3>Receipts and ATM Slips</h3> <p>Unless you will need the receipt for tax purposes, in most cases, it's a good idea to throw the receipt away. If you think you may need to return the item at some point, then keep the receipt until the return period has expired. Once you balance your checkbook, you can also dispose of any ATM deposit slips.</p> <h3>Mutual Fund Prospectuses</h3> <p>Mutual fund prospectuses can pile up rather quickly. Instead of keeping the financial clutter around your home, simply look through the prospectus for important changes or information and then chuck it. You can always pull up the prospectus online if you need it.</p> <h3>Close Accounts You Don't Need</h3> <p>Once you've gotten a handle on your bills and which accounts you have, you may find that you have accounts open that you don't need. For instance, if you have more than one bank account, it may be a good idea to close the ones with the highest service fees. Having fewer accounts makes tracking, monitoring, and balancing your budget easier.</p> <p>If you have various investment accounts or retirement accounts from former employers, you may want to roll over your old accounts to your new employer's plan so that you won't have to worry about managing investments all over the place. This can also save you money on investment account fees. If you're planning on selling stocks or investments, then you'll want to keep the records for at least three years as documentation for capital gains taxes.</p> <h2>What You'll Need to Buy</h2> <p>For especially important documents, such as stock certificates and government savings bonds, you may want to consider investing in a safety deposit box. This will ensure that you know where the documents are at all times and that they are safe from harm. A quality <a href="http://www.wisebread.com/the-5-best-paper-shredders">paper shredder</a> can also help you securely shred and dispose of documents, so you won't have to worry as much about identity theft.</p> <p>To make organizing more fun, you may also want to invest in colorful folders or organizational tools that you like. This will also help keep you organized in the future, so you'll never have an unpaid bill hiding under a mess of paperwork again.</p> <h2>Make It Fun</h2> <p>Organizing your financial life doesn't need to be something you dread. Play some good music or have a glass of wine while you organize. You may also want to treat yourself at the end of a large decluttering session with a good meal or movie.</p> <h2>What to Do Next</h2> <p>Once you've cleared out the clutter, consider organizing your accounts in a spreadsheet or updated budget. The more your budget and finances are organized, the less paperwork you'll need going forward.</p> <p>Cleaning out your financial clutter can lead to less risk of identity theft, more organized records, and better financial planning. So the sooner you get started, the sooner you can enjoy these valuable benefits. It can also help you get a better idea of what your financial assets and debts are, so you can create a better budget for your life.</p> <h2>It's Not a Sprint &mdash; It's a Marathon</h2> <p>Organizing your financial clutter is means for celebration. However, this doesn't mean that the work is done. It's important to continue organizing your financial documents consistently so that they don't become overwhelming again. Try organizing all of your financial documents and spend 15-30 minutes per week going through your bills, financial statements, and other important documents that require your attention. This will ensure that you are not dealing with another mess of papers again in the near future.</p> <p><em>Do you have other tips for clearing out financial clutter? Please share your thoughts in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/how-to-clear-out-financial-clutter">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-smart-ways-to-keep-your-entire-life-clutter-free">10 Smart Ways to Keep Your Entire Life Clutter-Free</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/this-is-how-you-declutter-and-keep-your-stuff-too">This Is How You Declutter and Keep Your Stuff, Too</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-things-you-wont-ever-use-again-and-should-throw-out-today">12 Things You Won&#039;t Ever Use Again and Should Throw Out Today</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/15-things-in-your-kitchen-you-should-throw-out-today">15 Things in Your Kitchen You Should Throw Out Today</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-in-your-basement-you-should-throw-out-today">10 Things in Your Basement You Should Throw Out Today</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Organization clutter declutter finances financial clutter managing money money Tue, 09 Aug 2016 10:30:09 +0000 Andrea Cannon 1768493 at http://www.wisebread.com How to Escape the Paycheck-to-Paycheck Cycle http://www.wisebread.com/how-to-escape-the-paycheck-to-paycheck-cycle <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-escape-the-paycheck-to-paycheck-cycle" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_80116831_XLARGE.jpg" alt="stop living paycheck to paycheck" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you're living paycheck to paycheck, you probably think it's a normal part of life and accept it for what it is. To that, I stick my tongue out and blow. There are plenty of people who've broken free from this rut, but your particular cycle won't break until <em>you </em>break it.</p> <p>Living paycheck to paycheck can mean you're one paycheck away from being without lights, a car, or a home &mdash; and that's just not acceptable. Granted, this is worst-case scenario, but it's a possible scenario. This isn't meant to scare you, of course, but it is meant to build motivation to help you improve your financial outlook and say so long to a house-poor existence. Here's what you need to do to stop living on the edge. (See also: <a href="http://www.wisebread.com/5-ways-to-grow-your-savings-without-a-steady-paycheck?ref=seealso">5 Ways to Grow Your Savings Without a Steady Paycheck</a>)</p> <h2>1. Take Stock of What You're Working With</h2> <p>If you want to stop living paycheck to paycheck, you have to live below your means. It's that simple. Some people are happy just to break even every month, but if you never have extra income, you'll never achieve some of your goals.</p> <p>To stop the cycle, do a financial checkup.</p> <p>Here's a little exercise: Comb through your most recent bank statements, credit card statements, and receipts, and then write down every monthly expense from housing to groceries. Calculate how much you're spending on clothes, miscellaneous items, groceries, fuel, etc.</p> <p>Once you have this figure, compare it with your take-home pay. The amount you're spending every month may be the equivalent of what you bring home, or more than what you bring home. If the latter is the case, it's time to trim.</p> <h2>2. Cut the Fat</h2> <p>Don't listen to anyone who says living paycheck to paycheck is normal. It's not, and whoever says that will probably be sad for the rest of their life. Alas, many people have been conditioned to think this way, and it's this exact thinking that keeps people stuck.</p> <p>There's a better way to live, and it starts with trimming your expenses. At this point, it's not about your wants; you have to focus on your needs and get rid of any unnecessary expenses. What to cut? These extras:</p> <ul> <li>Gym memberships</li> <li>Eating out for lunch</li> <li>Grabbing coffee</li> <li>Spending $50 a week on entertainment</li> <li>Subscription services</li> </ul> <p>These costs don't seem like a lot, but they add up. Getting rid of nonessential expenses can give your budget some wiggle room, creating more disposable income than you thought possible.</p> <h2>3. Stop Being Enslaved to Debt</h2> <p>The more debt you have, the more likely you are to live paycheck to paycheck. This is because debt robs you of extra money. Even if you can't get rid of your house payment, car payment, or student loan debt immediately, you can start chipping away at credit card balances.</p> <p>Take the money you're saving from trimming unnecessary expenses and dump all or a large portion of this cash on your debt. You can tackle your debt with the smallest balance first, or the debt with the highest interest rate first. It doesn't matter which approach you choose, as long as you're paying down balances. The less you owe, the more you can keep. To help you, I've recently written an <a href="http://www.wisebread.com/topic/5-day-debt-reduction-plan">entire five part series on eliminating debt</a>.</p> <h2>4. Pay Yourself &mdash; No Matter What</h2> <p>Once you've got a handle on your debt, it's time to start paying yourself. If you build a cushy savings account, you may never have to borrow money or use a credit card again &mdash; at least not for an emergency or an unexpected expense.</p> <p>Take the money you were putting toward <a href="http://www.wisebread.com/fastest-way-to-pay-off-10000-in-credit-card-debt">debt repayment</a> and set up an automatic savings schedule. Each pay period, automatically transfer a specific amount from checking into savings. Schedule this transfer before you pay your bills to ensure you're always paying yourself first.</p> <h2>5. Create Additional Income for Yourself</h2> <p>Sometimes, it isn't enough to trim expenses and pay off debt. You may earn just enough to get by, and despite living simply, you're still trapped in a cycle of living paycheck to paycheck. The truth is, getting ahead may require more income.</p> <p>Now, as a freelancer, I can run down a list of <a href="http://www.wisebread.com/can-you-really-make-a-living-in-the-gig-economy">side hustles to increase your income</a>. This includes moonlighting as a consultant, cutting lawns, buying and selling online, watching pets, renting out extra space in your home, etc. But I also realize that not everyone has the entrepreneurial spirit. But even if you don't want to be your own boss, there are ways to build your income.</p> <p>Depending on your circumstances, a part-time job might fit your schedule perfectly. If you can earn as little as an extra $20 a day, you'll have an extra $400 a month. For example, you can search online for local office-cleaning companies, and call these companies to see if they're looking for part-time help in the evenings. I have a friend who cleans a small office every day after work. It only takes two hours and the cleaning company pays him $20 per cleaning. It's not the most glamorous or high-paying part-time job, but it's easy work and pays okay.</p> <h2>6. Learn How to Say &quot;No&quot;</h2> <p>One of the best ways to improve a budget is to learn how to say no. If you have a large social circle, there's always someone inviting you to a restaurant, a movie, or another event. If you get into a pattern of constantly saying yes and accepting invitations, you could end up broke. You should never sacrifice your bank account at the expense of fun, especially when there are too many ways to enjoy yourself for free. The key is having an airtight entertainment budget. Decide what you can realistically afford to spend on fun, and then stick to this budget. I learned how to say no, and now &quot;No&quot; is my favorite word.</p> <h2>7. Face Reality and Downsize</h2> <p>Making simple adjustments to your budget can improve cash flow tremendously, but not when you're too far in the hole. Accept that you'll have to let go of stuff. Ideally, your house payment should be no more than 28%-30% of your gross income. If you're paying more, you're overspending and it's time to face reality. You're never going to get ahead when you're struggling to keep up with the basics. Downsizing your house can create a smaller house payment, cheaper utilities, and less maintenance. Your finances also may improve if you downsize from an expensive car. You can enjoy a lower car payment and cheaper insurance premiums.</p> <p><em>Are you living paycheck to paycheck? What are you doing to change the situation? Let's discuss in the comments below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/how-to-escape-the-paycheck-to-paycheck-cycle">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/uk-banks-are-blocking-customers-credit-cards-will-the-usa-be-next">UK banks are blocking customers&#039; credit cards. Will the USA be next?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-manage-your-money-no-budgeting-required">How to Manage Your Money — No Budgeting Required</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/tips-for-increasing-your-financial-literacy">Tips for Increasing Your Financial Literacy</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/another-path-to-recovery-higher-incomes">Another path to recovery: higher incomes</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Debt Management debt management finances income paycheck paycheck to paycheck payday personal finance Fri, 17 Jun 2016 10:30:04 +0000 Mikey Rox 1732946 at http://www.wisebread.com 6 Money Myths About Stay-At-Home Moms http://www.wisebread.com/6-money-myths-about-stay-at-home-moms <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-money-myths-about-stay-at-home-moms" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000054774912_Large.jpg" alt="busting stay at home mom myths" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>For most of the last five years, I've been a stay-at-home mom. Now, I've also done other things (like write for Wise Bread!) because I just can't help myself, but most of that time has been spent with my kids. I've wiped tears, changed diapers &mdash; the whole bit. And I chose that. It's what worked best for our family at the time, for a number of reasons.</p> <p>I've talked to a lot of people about my choice to stay home while the kids were little and, along the way, I've run into a lot of misconceptions like, &quot;So, you wear pajamas all day, right?&quot; Um, no. We actually leave the house most days.</p> <p>And a good number of those misconceptions are financial, or have financial implications. I have found these conversations both interesting and frustrating. Interesting, because I have come to know and understand how other people see me, and frustrating because they are usually so, so wrong. (See also: <a href="http://www.wisebread.com/4-common-money-misconceptions-about-women?ref=seealso">4 Common Money Misconceptions About Women</a>)</p> <p>Here are a few common myths about stay-at-home moms. Hopefully, this list will help you think about staying at home &mdash; or about friends who already stay at home &mdash; differently.</p> <h2>1. SAHMs Don't Make Money</h2> <p>I've had a good number of people assume that staying at home with my kids is all or nothing. I'm either out there working and bringing in income, or I'm at home, making zero dollars. The truth is, there's a huge amount of middle ground between those two scenarios. If we have an unexpected expense, I pick up writing and editing jobs to help cover it. If we decide we want to go on a trip that exceeds our current budget, I do the same thing.</p> <p>Most of the stay-at-home moms I know have some sort of side job that they do when or if they need to make some money. Sure, they don't bring in as much as they used to, but they are not entirely dependent on their significant other's income, either. And they do everything. So staying at home doesn't necessarily mean bringing in zero income.</p> <h2>2. SAHMs Wish They Made Money</h2> <p>I've had so many people ask me if it's hard for my husband and I to have him bringing in the majority of the income. &quot;Don't you wish you could at least make your own spending money?&quot; they'll ask.</p> <p>The truth is, before I started staying home with our kids, we had some hard conversations. Through those, we made decisions. All of our money, right now, is ours. It's not his or mine, but ours. What he brings in and what I bring in both go into a communal pot, and we can both spend from there as we see fit. We also budget together, so we jointly decide on financial goals and pursue them together.</p> <p>That's not to say that I never wish that I was making more money. But me staying home is a decision we made together, and my lack of income is not causing problems in my marriage.</p> <h2>3. SAHMs Are Penny Pinchers</h2> <p>Some people think that my family lives in borderline poverty because I stay at home. They assume that I clip coupons, shop sales, know thrift stores well, etc. While I'd probably be a better manager of our funds if I did all of that, I don't. I don't have to be frugal all the time, because we've budgeted in such a way that we have some financial freedom even though I'm not working.</p> <p>Not all stay-at-home moms are penny pinchers. I know myself, and I know that I'd go crazy if I had to make sure I saved on everything, so we have structured our lives in such a way that I don't. Sure, I love sales as much as the next person, but I don't limit myself to them.</p> <h2>4. SAHMs Spend Too Much</h2> <p>On the other hand, some people think that, because I stay at home, I spend a lot of money. I think these people have a picture in their head of a &quot;yummy mummy,&quot; or a wealthy housewife on a reality show, and that's not just me, nor is it any of the stay-at-home moms I currently know. Being at home really hasn't changed how I think about spending, though I do buy different things now than I used to.</p> <p>I've even had people say things like, &quot;Oh, you must, like, spend so much at Starbucks.&quot; Nope. I didn't buy a lot of expensive coffee before I stayed at home and I don't now. I suppose that someone who overspends before they stay home would be likely to continue those habits, but there's nothing inherent in staying home that makes a person develop expensive habits.</p> <h2>5. SAHMs Feel Like Slaves</h2> <p>&quot;But you're working for nothing,&quot; one friend said to me. &quot;Doesn't that get to you?&quot; I smiled. Not only am I saving the cost of daycare for three small children &mdash; which is not cheap, at least in our neck of the woods &mdash; but I'm doing jobs <a href="http://time.com/money/3461539/financial-habits-stay-at-home-parents/">worth over $110,000 a year</a>. Sure, I don't see that money, but I don't have to spend it, either!</p> <p>I think that some stay-at-home moms do end up feeling like slaves or servants, but most of us don't. Personally, I went into this gig with my eyes open. Sure, there's lots of manual labor, many not-so-glorious moments, and more tears and whining that I can honestly say I needed to hear, ever. But there is also the laughter, learning new things, and the moments of heartbreaking kindness that I wouldn't have seen otherwise.</p> <p>I'm not a slave. I simply chose to do some difficult things in exchange for some good ones. And which of us hasn't made that choice, sometime in our lives?</p> <h2>6. SAHMs Have It All</h2> <p>This is one of the misconceptions about being a stay-at-home mom that I run into the most, usually from other moms who have chosen to work full-time. &quot;Oh, you have it all,&quot; they will say. &quot;You're financially secure and you get to stay at home. I wish I could do that.&quot;</p> <p>Truthfully, we make sacrifices for me to stay at home. We don't drive new cars. We live in a house that is smaller, older, and less updated than those of most of our friends. We take low-key and inexpensive vacations, if we travel at all. My husband works more overtime than he'd like, so we can pay our bills.</p> <p>On the flipside, our financial security is wrapped up in one job, one company. If something ever happens to that, we will be in a world of hurt. All of our eggs, as they say, are in one basket.</p> <p>Is all of this worth it? Right now, yeah. Absolutely. But I don't have it all. I have simply chosen one set of sacrifices and joys over another.</p> <p><em>What are some other myths about stay-at-home moms (or dads)? Share with us in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/6-money-myths-about-stay-at-home-moms">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-38-money-misconceptions-we-need-to-stop-believing">Flashback Friday: 38 Money Misconceptions We Need to Stop Believing</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-bizarre-money-superstitions-people-actually-believe">9 Bizarre Money Superstitions People Actually Believe</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/an-important-financial-lesson-from-fight-club">The financial wisdom of Fight Club</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-surprising-ways-summer-will-cost-you">7 Surprising Ways Summer Will Cost You</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/read-ageproof-living-longer-without-running-out-of-money-or-breaking-a-hip-to-live-your-best-life">Read &quot;AgeProof: Living Longer Without Running Out of Money or Breaking a Hip&quot; to Live Your Best Life</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Lifestyle common myths finances money misconceptions myths stay-at-home mom stereotypes Tue, 05 Apr 2016 10:30:10 +0000 Sarah Winfrey 1684936 at http://www.wisebread.com 6 Times We Are Likely to Lie for Money http://www.wisebread.com/6-times-we-are-likely-to-lie-for-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-times-we-are-likely-to-lie-for-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000073936707_Large.jpg" alt="lying to herself about money" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The truth is, we're all more likely to lie <a href="http://www.marketwatch.com/story/thinking-about-money-leads-to-bad-behavior-2013-06-18">when money is at stake</a>. Psychologists have found that just the mere mention of money triggers something in the human brain that makes us more susceptible to give in to the temptation of behaving unethically. Namely, lying to earn more money or lying to prevent monetary loss.</p> <p>Compounding this sinister human tendency are two overarching factors: Simply having a lot of money makes us more prone to being dishonest, and so does a history of <a href="http://www.newyorker.com/tech/elements/inside-the-cheaters-mind">lying and getting away with it</a>. As it turns out, the more lies we tell, the more inclined we are to continue to lie again and again in the future.</p> <p>Of course, no two lies hold the same weight. Some are downright criminal, while others are more easily brushed under the rug. Here are the circumstances in which we're most inclined to let our love of money outshine our moral compass. (See also: <a href="http://www.wisebread.com/the-10-biggest-lies-we-tell-ourselves-about-money?ref=seealso">The 10 Biggest Lies We Tell Ourselves About Money</a>)</p> <h2>1. When We Want to Dodge a Paywall</h2> <p>A third of Americans think it's acceptable to use someone else's account login to avoid paying subscription fees for online movies, music, or news articles. And if the temptation to login to another person's Netflix account arises while you're in a dark room, psychologists say you're even more likely to give in to it. That's because the <a href="http://pss.sagepub.com/content/21/3/311">absence of light</a> actually makes us more inclined to act on an impulse to lie or cheat. Psychologists say it all boils down to the illusion of anonymity. Even though you aren't actually more anonymous in the dark, you feel as though you are. Experiencing this sense of &quot;no one's looking&quot; makes us more likely to do something dishonest.</p> <p>So, the next time you feel the urge to mooch on a friend's HBO Go account, turn on a light!</p> <h2>2. When We File Our Taxes</h2> <p>Under-reporting under-the-table income to the IRS in order to pay less in taxes is deemed acceptable by 24% of Americans &mdash; even though it could lead to prosecution. Recent research offers an inkling behind why some Americans would risk criminal penalties just to save an extra buck: We're more likely to cheat when we think there's <a href="http://www.sciencedirect.com/science/article/pii/S0749597809000247">more to go around</a>. When there are plenty of resources &mdash; in this case, Uncle Sam's piggy bank &mdash; we believe that our own behavior won't have much of an impact in the grand scheme of things.</p> <h2>3. When We Sign Up for Auto Insurance</h2> <p>A quarter of Americans think it's acceptable to lie about annual car mileage to save on insurance. If you can get away with it, this lie's potential savings ranges from 6%-14% on your annual premium. The cost of getting caught, however, is raised rates or a flat-out policy cancellation.</p> <h2>4. When We're Applying for Grant Money</h2> <p>Academics commonly feel compelled to lie on applications for grant money. Seeking to win funds, researchers in Australia and Britain <a href="https://www.insidehighered.com/news/2016/03/10/study-finds-researchers-britain-and-australia-skip-truth-get-research-grants">regularly exaggerate</a> the projected impact of their projects. Most of them say they are driven to lie due to fierce competition. &quot;If you can find me a single academic who hasn't had to bullsh** or bluff or lie or embellish in order to get grants, then I will find you an academic who is in trouble with [their] head of department,&quot; said one professor in Australia.</p> <h2>5. When We're Shopping for Life Insurance</h2> <p>Lying about marijuana use to receive lower life insurance rates is deemed acceptable by 22% of men &mdash; but just 12% of women. The potential savings of getting away with this fib is $1,000 a year. That's pretty significant. But so is the cost of getting caught &mdash; your policy could get canceled.</p> <h2>6. When We Want to Order Off the Kids' Menu</h2> <p>If the kids' meal cut-off age is seven, but little Sarah is 12, would you fib about her age to save $4 on a chicken sandwich? All told, 21% of Americans would have no qualms about lying about a child's age to receive a discount at a restaurant. And a whopping 36% of adults ages 18-34 &mdash; an age bracket that assumedly includes new and expecting parents &mdash; deem lying for a kids' meal to be acceptable.</p> <p><em>What are some of the ways you have lied for money? Share with us in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/6-times-we-are-likely-to-lie-for-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-common-money-moves-that-can-get-you-into-legal-trouble">5 Common Money Moves That Can Get You Into Legal Trouble</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-money-moves-to-make-the-moment-you-decide-to-get-divorced">5 Money Moves to Make the Moment You Decide to Get Divorced</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-money-moves-you-need-to-make-before-the-end-of-the-year">10 Money Moves You Need to Make Before the End of the Year</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-escape-the-paycheck-to-paycheck-cycle">How to Escape the Paycheck-to-Paycheck Cycle</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-clear-out-financial-clutter">How to Clear Out Financial Clutter</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance denial fibs finances lie for money lying money moves Tue, 05 Apr 2016 10:00:14 +0000 Brittany Lyte 1684935 at http://www.wisebread.com