While sure, knowing the difference between an ira vs 401k is important to figure out when it means contributing money to your future, so you want to ensure it’s the best choice for your financial situation, but prior to getting to that point, it may be time to look at your whole financial picture.  It certainly is not easy to handle the household finances, otherwise everyone would not be in debt and would be ahead, instead of living paycheck to paycheck.  I understand money can be tight, but … [Read more...]

While spending your hard-earned money on nice cars can be flashy and luxurious, living beyond your means is not the best move, especially if it means that you mortgage payment or car least takes up most of your take-home pay.  In order to free up extra money every month, sacrifices have to be made, whether that is avoiding going out to eat on a regular basis and opting for going grocery shopping and preparing your meals at home, or even finally deciding that you can actually cut the cable cord … [Read more...]

Reducing expenses is a great way to free up extra money each month and put your hard-earned wages towards something more important such as building up an emergency fund of a few months’ worth of expenses, or saving for retirement.  If you have been lacking in the long-term future and find yourself asking what an ira vs 401k are, now may be the time to get ahead on your finances and start out 2018 on the path to financial freedom.  Whether you are already on top of your expenses or you are … [Read more...]

Credit cards can get a bad reputation at times and not for good reason.  I guess when I was a kid there was always the perception that using a credit card was bad, like meaning that you didn’t have the money to make the purchase.  Maybe that was just what it seemed like years ago, while now it seems like everyone uses a credit card.  While sure, you can easily go into debt if you are not careful with spending and are unable to pay off the statement balance by the due date, but actually using a … [Read more...]

Going out to eat is a huge expense that will quickly add up throughout the month.  What starts as little as grabbing coffee in the morning on the way to work, going out to lunch, or taking the family out to eat, could be in the hundreds of dollars every month.  For a fraction of that, if you prepare your meals and snacks at home by going grocery shopping, you can watch the savings add up.  Even buying a programmable coffee pot for around $25 you can set the timer to have your coffee finished … [Read more...]

Now you may not have the money of the highest paid player in the NFL to be considered rich.  I’m sure there are different variations of the word “rich”, but I think it’s a pretty good judgement of the word if you are free of debt, have a good emergency fund built up, a 401(k) account to draw off of in retirement, not to mention having some side income coming in on a monthly basis.  To me that would be in pretty good financial shape, seemingly above most common folk, and could be considered by … [Read more...]