Archive for the ‘Money Lessons’ Category

Setting up your automatic savings plan.

Monday, November 12th, 2007

I've never really gone into many details of my savings plan besides it surpassing the $1,500 mark and $30/week gets automatically transferred into it. Keep in mind that I'm a 20 year old student with a part-time job so what works for me might not work for you. Here's 3 ...

Money Lessons: My emergency fund evolution.

Wednesday, August 29th, 2007

Roughly 45 weeks ago I decided I would contribute $30 a week to an "emergency" fund. At a measly $30/week it's grown to $1350+ today. I barely noticed the $30 automatically deducted from my checking account every week too. The trick is not occupy yourself with checking how much is ...

Money Lessons: Frugal vs Cheap

Thursday, April 12th, 2007

This week's edition of "money lessons" is about the difference between being cheap and being frugal. Being "frugal" and being "cheap" to me are two different things. Here's how I define each of them: In being frugal you make responsible choices with your money with the goal of getting the most for ...

Money Lessons: High Yielding Bank Accounts

Wednesday, April 4th, 2007

I believe every dollar in your possession should be working for you. Working how? Earning more money. This is where high yield bank accounts come into play. In the past, most banks required a hefty minimum balance to earn decent interest. Today, that's no longer true with the advent of ...

Money Lessons: Credit Cards

Wednesday, March 28th, 2007

I feel credit cards are a great financial tool when used right. If you're disciplined with your finances, credit cards should enable you, not hold you back. I prefer to use my credit card for almost everything and try to stay away from using cash. If you pay in full, you're ...

Money Lessons Index

Tuesday, March 27th, 2007

"Money Lessons" is a series of posts about financial topics, they'll be posted once a week, generally on Wednesdays. Money Lessons: Credit Cards High Yielding Bank Accounts Frugal vs Cheap