Category: Save Money

How We Bought Two New Used Cars With Cash

We have been hitting the road towards debt freedom pretty hard for the past three years now. The car loan on one of our cars was the last big thing we had to get rid of before we could start throwing more at the mortgage. How to get rid of the car loan faster was something that had been vexing me since the beginning of the year. I was getting close to an answer to pay it off faster, when it suddenly happened. We were finally able to get rid of the last car loan, and buy two new used cars, with cash only. This was a miracle! Read more

5 Ways to Be Frugal On Your Wedding, But Not Look Cheap

There are only a handful of things that a person usually experience once in their life. One of which is getting married – well, ideally. Your wedding day is your special day, and that can easily make the event astronomically expensive. On average, an American couple will spend around $22,000 for their wedding. That includes the expenses for ceremony, reception, dress, and everything else that comes with exchanging vows, But it does not have to be.

If you have money to blow, go ahead and and have the works, but if you dont , being frugal can go a long way. It is not being cheap, but being practical. Marriage is not about the immaculate church, nor the glamour of the dress but the start of having a family. Meaning money can be better spent on buying a house, and eventually, childcare. The average starter home in America is $250,000. Most lenders want 5% down, which is about $12,500. You could use that as a down payment.

If that was a bit eyeopening, let’s take a look at how you can save on your wedding. Read more

Reasons Why 46% of Millennial Borrowers Will Keep Their Kids Away from Student Loans

Most millennials have unwillingly become part of the newest class warfare of the century. What is fueling the conflict? Student loan debt and its large-scale snowball effects on the lives of millennials who have had to depend on it for their tertiary education needs.

There has been widening wealth rift between households with student loans debts and those without. In 1998, under- 35 families under the clutches of student loan debt had a 36% less net worth than households without student debt. A household with student debt had a net worth of $68,687 while the later had an average net value of $108,146.

By 2016, this rift had widened to a whopping 75%. A household with student debt was worth $29,087 while one without was worth $114,376. Read more

How to Solve 5 Common Money Mistakes Everybody Makes

We’re all human. And we all make mistakes. But some of these blunders can hurt a lot more than others—especially when they involve personal finances. People who have gone through tough times with money will tell you it’s no fun. While some things are unavoidable, there are certain common issues that can be avoided with a bit of forethought.

Here’s how to solve five common money mistakes everybody makes.

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3 Ways to Boost Your Business on a Budget

Frugality may be the order of the day, but that doesn’t mean you can’t get similar results in business to those who spend thousands on major campaigns. While money makes money, doing things on a budget can also result in a huge return on investment (ROI) and achieve business and marketing objectives that you have set out. These range from using PR stunts to get people talking, sales promotions to entice customers to your brand, and direct marketing. Read more