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...]
How Can Saving Money Affect Economic Growth?
How can saving money affect economic growth? It depends on what you mean by the question; there is personal economic growth and the kind of growth that happens under a national economy. This question isn’t twofold; they are really two entirely separate issues. How Saving Money Can Affect A National Economy There are scholarly studies about the effects of saving money on the national economy; one cannot underestimate the power of the ebb and … [Read more...]
Generate More Income With A Side Gig
Do you know how to generate more income with side gigs? No, we’re not talking about getting a job as a server, a bartender, or working in a coffee shop. For our purposes here, the term “side gig” refers to something you could conceivably turn into an important stream of income or even a “side career”. Side gigs are not always easy to land. It helps to know someone in the industry you want to break into, because the first thing you will want to … [Read more...]
Simple Ways To Save Money In 2020
Do you need some simple ways to save money in 2020? There are many ways to save money but the hardest thing to do sometimes is just to get started with the first deposit. As with any big task that seems a bit too overwhelming to tackle, getting your money-saving routines started can be simpler than you realize. Start with the smallest, most easy-to-accomplish task and move ahead from there. In this case, one of the easiest things to do is to … [Read more...]
How To Recover From Holiday Spending
Holiday spending is stressful, and many Americans overextend their credit cards, take credit card cash advances, and apply for new credit during their holiday shopping. How can you recover from all of the money you spent on Christmas presents or similar shopping “obligations”? The Simple Start: New Year Austerity Measures? Some people cannot afford to spend much after the holiday season, others choose not to purchase. No matter whether you’re … [Read more...]