This page consists of blog posts that discuss the topics of saving money, budgeting, earning more interest, and paying less interest. You will find information on banking, borrowing, budgeting, and creative ideas on saving.
Door Dash has partnered with Clerkie, a debt and money assistant. As a Dasher, you have the option to join Clerkie 6 months for free. They can help manage your finances, pay off debt, negotiations and refunds, and more. They can also help build up your credit, reduce or eliminate overdraft fees, and help you gain access to emergency cash. As a member, you are assigned your own personal financial assistant. You can install Clerkie from the iOS App store…
If you need to save money fast, here are some ways you can spend less immediately. 1. Buy Generic - You can easily save up to $50 per month on groceries by buying the generic brand. In most cases, the generic brand has the same ingredients and tastes the same. 2. Eat-in, drink-in - Eating out is very expensive. A weekend of eating out is much more expensive than a week of groceries. In addition, bottled water is a waste…
The concept of Velocity Banking revolves around paying off your loans in large chunks using borrowed money from a line of credit, allowing you to save thousands in interest and many years off in paying your amortized loans. As a Velocity Banker, you take what is left over in your account each week or each month and use it to pay down your Line of Credit. When you have a bill to pay, borrow money from your low interest line…
BlockFi is a crypto company that offers Interest Accounts, Trading Accounts, and Crypto-backed Loans. If you use Coinbase or another brokerage for buying your Bitcoin, Ethereum, or other crypto, you can transfer your money to BlockFi's Interest Account and earn as high as 8.6% APY on your crypto. I started using BlockFi back in January of 2021 by transferring 2.4 ETH of my Ethereum. Within the past 2.5 months, I have earned $38.40 in interest. Starting a few weeks ago,…
Growing up you were probably taught how important it was to save your money. Maybe it was your parents or a friend or teacher who convinced you to save. Most people just use the same bank their parent's used, or they open a savings account with a local bank because of the convenience. Brick & mortar banks are often the worst banks to use for your savings. They usually charge fees, have minimum balance requirements, and have very low interest…
There are two mindsets when it comes to money. You can be someone who likes to borrow or you can be someone who likes to save. On March 19th, I received an email from Betterment explaining that my Cash Reserve APY is going down from 0.4% to 0.3%. I quickly checked some other high yield bank accounts and found that Discover just went from 0.5% to 0.4% APY. I expect more banks and brokerages to lower their rates soon. In…
Around Christmas of 2020, I decided to start my own personal finance blog Finance Throttle. My objective with this blog was to help people accelerate their net worth and learn more about personal finance along the way. Within a week, I created the blog and website through a Bluehost referral link and published the site on December 31st, 2020 for a January 1st, 2021 reveal. I started off publishing a new blog post EVERY DAY. This wasn't easy since I…
No parent is perfect. Even I admit making some of these mistakes when teaching my daughter about money. Here are 9 mistakes that parents make when teaching their children about finance. 1. Keeping Quiet The biggest financial mistake a parent can make is not teaching their children about money at all. If you want to give your children the tools to understand the concepts of money and grow their savings, you need to have frequent conversations with them. One way…
I have been passively investing with Betterment since 2015, but I recently opened another brokerage account and Roth IRA with M1 Finance. I also convinced my wife to open her first Roth IRA with Wealthfront so that I can use and compare all three. I have written comprehensive reviews on all three platforms so I won't go into every feature offered by these three companies. If you want to skip the reading, scroll down to see the table comparing the…
IRS Section 1031 is a code that allows you to swap one of your investment properties for another, as many times as you want, allowing capital gains taxes to be deferred. It is called a 1031 exchange and it is only applicable to investment properties of like-kind. You can do a 1031 exchange on an investment property that used to be your primary residence, but it must be classified as an investment property for at least 1 year at the…
