Single Mom, Single Income, Financial Success Story
Build Your Emergency Fund Do you know how long it should take you to build your emergency fund? Will it take years or months? I have a secret. It depends. Your emergency fund should be funded based upon three to six months of your living expenses. The length of funding (how long it takes) it depends on you. There is… Read More
Invest in a Roth IRA and Retire Early I do not want to work until the age of 62. My plan is to invest in a Roth IRA and retire early. And when I say retire early, I mean well before the age of 62 or even 59. If I plan to work up until that age it will be… Read More
If you want to get the biggest bang for your buck, you should consider opening a prize-linked savings account. Prize-Linked Savings Accounts are accounts that reward members with prizes and cash for saving money. You can look at as a lottery ticket of some sort. In fact, some states look at is as illegal gambling which is why it’s not… Read More
Financially kicking someone to the curb is a necessary thing. When financially kicking someone to the curb you are in essence saying “No” to their constant borrowing. What do I mean when I say financially kicking someone to the curb? I mean not being their: Crutch Automatic Teller Machine Go to person for every financial crisis Mom Dad Financially kicking… Read More
A lot of us need to just do it: save, invest, spend and be happy. Most of us have the spend and be happy part down, but not the save and invest part. There is or should be an order regarding money and how people deal with money. People should save money, then invest it and once it earns a… Read More
What can you do on a $25 a month entertainment budget for two? At the time I devised this plan, I had about $38,000 of debt remaining. This debt included a student loan, car note, and credit card debt. Between 1999 and 2006 (I paid off all my debt around 2008), I had refinanced my mortgage and paid off some… Read More