Expected value
Would you pay $10 for a 1% chance to win $1000? Different people might evaluate this gamble differently depending on their risk tolerance and life experiences. What about $10 for […]
Reduce housing expenses
Housing is the biggest budget line item for everybody. The general recommendation is to not exceed 30% of your gross income, which is actually a much higher percentage of your […]
Maximize starting income
A recent report in Time shows that millennial incomes are on average 4% worst off than the previous generous. This is part of a larger economic trend of decreasing real […]
Rising interest rates and prices
Given the recent spike in interest rates amid concerns about inflation, the markets are responding with some turmoil. Prices are changing, but it’s not as dramatic as it seems because […]
Valentines: memory-to-cost
It’s easy to frantically search for the perfect gift on Valentines, but that rush is exactly why you may not be properly evaluating the best gift to give. The most […]
Travel credit cards
Credit cards come in all sorts of flavors with various benefits. While some are suited for specific uses, like store specific cards, or up to 5% cash back (with restrictions), […]
Decision fatigue and money
When we wake up refreshed and ready for a new day, our minds are also refreshed to make a whole new days worth of choices and decisions. However, just as […]
529 plans save for school
529 plans are the most underutilized of the tax advantaged accounts which include 401K’s, IRA’s and HSA’s. Whereas the others are intended for larger expenses, 529 plans are specifically for […]
Renters insurance must knows
One of the best ways to improve overall well being is by purchasing renters insurance to bring peace of mind at a very low cost. If you have roommates, invite […]
Open an IRA at age 18
By the time I learned that $5K invested per year from age 18 to 25 is the same as $5K invested from age 26 to the rest of your life, […]
Get paid for knowledge, not work
Everyone is paid differently even for the same roles. Not all the reasons are justified, but often wage differences are due to differences in knowledge and skills. Here are some […]
401K contribution limit is really $55k
Ideally, we should strive to maximize our 401k contributions, but what does this really mean and how can we do it? All of us are told about the employee contribution […]
Beating Expectations ~ Money & Travel ~ 