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…
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…
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….
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…
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…
What Do You Want To Do With Your Money? Welcome to Wealth Bytes, where we’re about as passionate about your money as we are with our own. After struggling with massive debt and fighting through it, I’ve come to realize that too many are in the same position I was. After paying it all off…
I’m going to be the first to admit that I work too much. For years I have been hustling and grinding in order to achieve success. How did I measure success? Money! It seems cliche, but I’ve attributed success with having money. For too many years, I thought having flashy things made me a success,…
One of the longer running pieces of personal finance advice is to never buy a new car. Seriously, most experts use the word “NEVER!” I am cool with that, especially as someone who has purchased quite a few new cars, I have learned my lesson. The justification of this advice is you can save a lot of money by just buying a car one or two years old. The majority of depreciation happens within the first year. After that, most cars depreciate on a sliding scale. Some do it slower than others, but I am not getting into that. So, let’s talk about this “never buy a new car” advice.
I was getting ready for tax season and decided to download my interest earnings from my regular big bank. It was after I logged in that I realized how bad of an interest rate my small savings account had. It blew me away how banks can get away with this. They get to provide me with some insignificant rate, while then go out and loan this money to someone for 9% APY. What a business model! How good is your savings account interest rate?
I’ve long been a proponent of Amazon for buying all items for my house and generally everything. I was an Amazon Prime member for years because I liked the convenience of Amazon and the Amazon app. Unfortunately, my stance on Amazon has changed slightly for my personal buying decisions and I wanted to explain here…
Happy Father’s Day! I hope all of you get to celebrate with your family and maybe have a chance to relax. I know I will be having fun on my golf weekend, but I will miss the opportunity to celebrate Father’s Day with my dad. It upsets me a little bit because as a new father, I would love to celebrate with my father. Oh well, there will be others. I am taking this time to write a letter to my father. I hope he gets to read it.
Working from home jobs have become very popular lately with all of the opportunities out there and the faster internet running through our society. It’s becoming a reality for more and more who are able to support themselves while working from home. Have you fallen for a work from home scam in the past but…
