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I Bought a JetSki and it was the Worst Financial Decision!

ByGrayson Bell 05/31/202305/31/2023

It’s Monday and I think I am going to go a little personal today. The purpose of Debt Roundup is to show you that we are all human and we make mistakes. We also have to learn from those mistakes and grow. If we don’t, then we are going to make the same mistakes over and over again. I don’t know about you, but I don’t like to repeat failure. I only like to repeat my successes. On that note, I want to share one of my biggest money mistakes. I would say it is embarrassing, but stuff happens and I just learn how to deal with it.

Fighting Debt | Saving Money

Top 6 Best Budgeting Apps for 2024: Time to Get Your Finances In Check!

ByGrayson Bell 04/15/202304/15/2023

In 2023, managing finances has become easier than ever with the help of budgeting apps. These apps can help users track their expenses, set financial goals, and create budgets to achieve those goals. With so many budgeting apps available, it can be overwhelming to choose the right one. However, by comparing features and user reviews,…

Investing

What Is the Average Return of the S&P 500? Understanding the Long-Term Performance of America’s Most Popular Stock Index.

ByGrayson Bell 04/14/202304/14/2023

The S&P 500 is a stock market index that measures the performance of 500 large companies listed on stock exchanges in the United States. It is widely regarded as a benchmark for the overall performance of the U.S. stock market. Investors often use the S&P 500 as a way to gauge the health of the…

Saving Money

The Best Online Savings Accounts in 2024 – Where to Stash Your Cash

ByJosh Patoka 01/06/202301/06/2023

The secret to becoming wealthy is spending less than you earn, but what do you with that extra money? You can keep it under your mattress or a free checking account. However, you might not earn passive income with either of these two options so you can make money while sleep. Instead, you should consider…

Saving Money

Rocket Mortgage Is Trying to Get Us to Do a Cash-Out Refinance, But I Refuse

ByGrayson Bell 11/04/202211/04/2022

Back in 2020 (and 2021), we refinanced our mortgage to get those really low interest rates. At first we refinanced our 30-year down to a 15-year because the rates were low. As the rates lowered more, we refinanced back out of a 15-year to a 30-year. The reason was simple, the rates were below 3%…

Saving Money

Cash is King Again and I’m Glad I Saved

ByGrayson Bell 10/19/202210/20/2022

It’s been a long time coming, but savers are finally being rewarded again with higher interest rates on savings accounts and CDs. Cash is King again!! While it’s no match for the 8%+ inflation rate we are dealing with, I’d rather earn 3% on my cash than be losing 25%+ on my investments. For a…

Investing | Money Shorts

Should I Keep Investing When the Stock Market is Down?

ByGrayson Bell 09/22/202209/22/2022

If you’ve been living under a rock or in a place without any connection to the outside world, we are in a recession. It was official already though some still think there is one to come. But by definition, the United States is in a recession. With the government raising rates, inflation at an all-time…

Featured | Saving Money

What is the Coinstar Fee and How to Find a Machine Near You

ByGrayson Bell 02/03/202206/02/2023

Coinstar is a popular coin counting and sorting machine that is available in many grocery stores and most Walmarts around the country. They even have a nice international presence. They provide the service of counting your unrolled coins and getting cash immediately in the matter of minutes. The current Coinstar fee is 12.5% + $0.50…

Money Shorts

What is an Emergency Fund?

ByGrayson Bell 11/15/202111/15/2021

If you’re interested in saving money, you should have an emergency fund. So what is it and how do you create one? Plain and simple, an emergency fund is money you have set aside in case of an emergency. These can range from an unexpected bill, car repair, home repair, medical bill, job loss, etc….

Money Shorts

What is the Debt Avalanche?

ByGrayson Bell 11/07/202111/07/2021

The Debt Avalanche is another popular debt repayment method which focuses on paying off debts in a calculated manner by focusing on how much interest you pay. Unlike the Debt Snowball method, you pay off debts based on the interest rate. When I was in over $75,000 of debt, the debt avalanche is what I…

Money Shorts

What is the Debt Snowball?

ByGrayson Bell 11/05/202111/07/2021

If you’re looking to pay down debt, then you’ve probably heard of the Debt Snowball. This debt repayment method was made famous by Dave Ramsey as part of his 7 Baby Steps. The Debt Snowball is used as part of Step 2. In this money short, we ask what is the debt snowball and give…

Making Money

101 Side Hustle Ideas to Make Money and Pay Off Debt in 2024

ByJosh Patoka 09/29/202109/19/2022

Making extra money is the best way to change your financial situation. The good thing is that in our current time, there are so many ways to earn extra money through the classic side hustle. Basically this is a “job” you do on the side of your main job. You can earn money with your…