I recently learned a great new way to save up for those things on your wishlist. Back in 2017, YNAB introduced the idea of a Wish Farm, and you better believe that I'm officially a Wish Farmer. What is a Wish Farm, how does it work, and how does it differ from a wish list? What is a Wish Farm? We all know what a wish list is - it's a list of things you want. I think many of us started wish lists as letters to Santa. When it comes to saving … [Read more...]
Money-Saving Challenge Using a Roundup Rule
You know I love a great savings challenge, and today I have a new challenge for you - the Roundup Rule. The Roundup Rule is a simple way to save as you spend. Roundup the Change This idea should be somewhat familiar to you - Bank of America actually has a “Keep the Change” program. How this works is that for every one of your expenses, you roundup the expense to the nearest dollar. The difference between that amount and the actual cost of … [Read more...]
Can You Earn Money Selling Young Living?
Young Living is a Multi-Level Marketing (MLM) company peddling essential oils and essential oil products. If you spend any time in mom groups on the internet, you have likely come across someone talking about the "oily lifestyle." Of course, these women aren't just users of Young Living products, they're also selling them (and trying to get you to sell them as well). So let's take a look into the numbers. Can you earn money selling Young … [Read more...]
Major Assets That Can Affect Your Net Worth
I have been calculating my net worth for years. It's been a fascinating way to determine whether or not I'm actually making progress on my financial goals. Naturally, the big thing I've been focusing on is increasing my income and decreasing my expenses. It's the easiest way to see progress in my savings accounts. But net worth is more than just money in your bank accounts. So let's look at assets that affect net worth. Property … [Read more...]
What are the advantages and disadvantages of saving money?
Money. It's what makes the world go 'round, right? And those of us in the personal finance world talk a lot about ways to save money, ways to make more money, and how to make that money go farther. But what are the real advantages and disadvantages of saving money? Disadvantages of Saving Money Let's start with the disadvantages. First off, saving money means you aren't spending it. And it is possible to be too frugal. Are you doing … [Read more...]