5 Mistakes That Can Hurt Your Chances For Retirement

5 Mistakes That Can Hurt Preparing For RetirementSadly, there are many out there who do not save enough money when preparing for retirement. In fact, according to Zacks Investment Research, 72% do not save enough for retirement each month.

Also, according to a different survey done by Bankrate.com, 36% of people in the United States have absolutely NOTHING saved for retirement.

These numbers are very alarming.

I believe that saving for retirement is possible, and it’s something more people should be working towards and succeeding at.

While many believe the economy ruins their chances for retirement, in reality most retirement preparation problems have to do with the specific beliefs people have towards retirement.

There are many reasons for why a person might be horrible at saving for retirement. By looking at the various reasons for why preparing for retirement doesn’t seem to be working for someone, I feel that more people can be aware of and overcome their retirement preparation problems.

Related articles:

Below are five different ways you may by hurting your chances for retirement. Continue reading if you are interested in preparing for retirement but want to avoid common mistakes! [Read more…]

The Effect of Just $20/hr on a Student Loan

The Effect of Just $20hr on a Student LoanHello! Enjoy this post from a blog friend of mine.

I think most of us would agree that earning more would allow us to save more. Contrarily, SPENDING more is going to save you more, and I’ll illustrate how.

Fact. The average college graduate has $33,000 in student loans at graduation.

In a generation with abundant information, I’m always amazed at how the post-college world is mystified, and how the approach to student loans thus far has not been met with solutions, only an explanation of the problem.

When I finished school, I started making $20 per hour designing logos for friends and family. If I worked just 5 hours per week, I’d make $400 per month. In a year that’s $4,800. That second income, the Side-Stream, was HUGE for me.

In 4 years, I’d have earned $19,200.

So let’s talk about debt and how this $20 can earn and save money at the same time.

With an average of $33,000 and a common 6% interest rate and ten-year term, you owe just under $400 per month. But with interest added, your actual debt becomes nearly 30% higher, assuming you only pay the minimum monthly payment: [Read more…]

4 Interesting Ways To Make Side Income Including Sleeping and Selling Your Poop

4 Interesting Ways vTo Make Extra Income Including Sleeping and Selling Your PoopThere are many different ways to make a side income out there. You can make money at a part-time job, a full-time job, online, offline, and any other way that you are able to.

Side income can come in handy, and sometimes you may want to branch out and try something different.

Maybe you need a significant amount of side income to pay off a large unexpected expense or maybe you are just looking for a more interesting way to make money.

Whatever your reason may be, there is something out there for you to do.

If you’re interested in reading about the ways I’ve made extra money, read 10 Things I’ve Done To Make Extra Money. Also, don’t forget that even if you don’t have a blog, you can still make money through your social media accounts such as Twitter and Instagram!

Below are four interesting side income ideas:

 

1. Sleep for extra money.

The first of the four side income ideas I will discuss today is the NASA sleep study.

Getting paid to sleep sounds interesting, right? Well for some it can pay fairly well, to the tune of $18,000. All you have to do is lay in a bed for 70 days. [Read more…]

Is Your Budget Going Up in Smoke?

If we’re being 100% honest with ourselves, there are usually some corners that we have not fully cut when it comes to our budget. Maybe we’re among the many people who simply can’t give up the weekly or daily latte from our favorite coffee shop? [Read more…]

January Goals Update and New February Goals – We FINALLY Eliminated Cable

January Goals Update and New February Goals - We FINALLY Eliminated CableHello everyone! Time for another life update post.

January was another good month for us. We worked out a good amount, we ate fairly well, and it was a month full of exciting planning for our future.

Last month, we decided to put our house on the market and find a new place to live. We definitely sped up our moving timeline a decent amount, but I’m excited for all of the changes we are about to experience.

During the last week of January, we traveled to Colorado in hopes of finding a rental house. We spent a week there and found one that we really liked. I talked about that here.

 

We got rid of cable!

Yes, you read that right. We finally cut cable out of our lives. We are about to move, so it made the decision a little easier. I figured we wouldn’t have time to watch TV the next few weeks, so I thought this would be the perfect time to cut it out because we probably wouldn’t miss it at this time anyways.

The cable company did beg for us to stay. They offered us probably 5 or 6 different options, even putting our cable on hold for free until we decided we wanted it back again. While that was a tempting option, I knew that it just wouldn’t be worth it.

We spend way too much time watching TV, so it really wasn’t just about the money that we were wasting. In just the past week that we haven’t had cable, we have done much more than we would have ever been able to do if we would have kept it turned on.

I think this is a decision we will never regret.

[Read more…]

We’re Moving To Fruita, Colorado! And My Moving Bucket List

We’re Moving To Fruita, Colorado! And My Moving Bucket List Fruita HouseWe are moving to Fruita, Colorado! Fruita is a small town near the town of Grand Junction (which is small as well), on the western side of Colorado.

Even though we came across many Craigslist scams, we found one house that we absolutely loved. We loved the location, the house was nice (the picture in this post is of the house we are renting), and it was below our budget.

We had everything pretty much riding on this one house though. We didn’t find anything else in the area that we liked and rentals seemed to go very fast in this small county.

We were nervous, but submitted an application and were accepted just a few days later.

The rental house is $1,400 per month, which is more than what we pay for the house we currently own. However, I’m still happy with this amount as our budget was $2,000 per month, which was an amount that I didn’t want to really reach.

Some of you may be wondering why we chose Fruita of all places in Colorado. It wasn’t even on our radar until recently, so I’ve never talked about this small town on my blog until today. [Read more…]