The Worst Money Advice I’ve Ever Heard Part 2

Bad Financial Advice - Bad Advice I've Actually HeardLast summer, I published the post The Worst Money Advice I’ve Ever Heard. In that post I talked about some crazy bad advice I’ve heard. Since then, I have heard even more bits of bad financial advice that I knew I had to share.

As a personal finance blogger, I get asked many personal finance questions.

Before I respond, I usually ask the person what they believe they should do.

One of the first things I usually hear is advice that they were given by another person. Sometimes the advice is great, but other times I can’t help but cringe and then I have to try my best not to let my jaw hit the ground.

I really wish I made up the bad advice below, but sadly they are all true. Some I overheard, some I heard from others asking me if the advice was something they should follow, and some I actually heard from financial “experts” giving to a large audience on TV (AHHH!).

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Below are four bad pieces of financial advice I have heard recently.

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Top Email Scams And How To Avoid Them

Internet Fraud Scam Emails - Spotting An Email ScamNearly every single time I check my email, I will see some sort of email scam or internet fraud scheme. Some of these scam emails are obviously fake, whereas others sometimes look quite real.

While many believe that email scams are something they would never fall for, they do exist for a reason.

Someone must be falling for them.

Someone must be losing money to them or scammers wouldn’t be attempting to steal money and/or identities in the first place.

In fact, according to Ultrascan AGI, nearly $13 billion was taken from individuals just from the well-known Nigerian scam emails in 2013 alone. There are many other internet fraud schemes out there as well that account for billions more.

While I have never lost money to an email scam, I did almost fall for one around five years ago (see #3 below). I also witnessed many scam emails when we were trying to find a rental home recently, which you can read in my post Craigslist Scams I Encountered When Looking For A Rental Plus Real Scam Emails.

Below are several different scam emails that many are currently falling for. Continue reading at the end to learn about how to not become a victim of internet fraud as well. [Read more…]

Crowdsourcing Expert on Heating Oil and Propane Helps Manage Heating Costs Year-round

Screen Shot 2015-06-26 at 4.27.18 PMManaging your utilities, especially heating oil or propane can be a struggle and not a particularly pleasant task for many of us. It’s not the way we typically want to spend our precious spare time, searching for the best heating fuel prices or a reputable vendor. You can ask your friends or neighbors, seek guidance from business associates, flip through the Yellow Pages – the old fashioned way, or search the Internet. [Read more…]

9 Things We Don’t Mind Splurging On

9 Things We Don't Mind Splurging On (1)Over the past few months, I’ve been diving into older posts here on Making Sense of Cents to clean them up, add images, and so on.

While doing this I came across a post I published on splurges and I realized that it was time for an update. While I haven’t changed significantly in the past few years, my spending behaviors have changed at least somewhat.

Lately, we have been much more frugal, more minimalist, and we have been analyzing nearly everything that we spend money on. Over the past year we have realized that we have been rather wasteful and we are trying to change that.

While we are still aiming to be frugal, there are still many things in life that we splurge on.

They may make life better, easier, or a little more fun. While I am all about saving money, I do believe that money can be enjoyed as well as long as you are still saving for what is important in life (such as retirement, paying off debt, etc.).

This is something that has taken me quite some time to fully grasp. For many years, I was all about saving every last penny and not enjoying anything. I would second guess every purchase and I had a bad relationship with money.

Things are much different now though. I now know how to control money instead of it controlling me. I also have learned how to use it to better my life instead of it holding me back. Due to this, I have realized that not all splurges are bad, as long as you are realistic about them.

Below are nine things we don’t mind splurging on. [Read more…]

Mid-Year Checkup For 2015 – Why It’s Important To Check On Your Goal Progress

Tips For Setting Goals And Sticking To ThemCan you believe how quickly 2015 is passing by?

We’re nearing the end of June, which means we are almost at the halfway point of 2015.

Since we are almost halfway through the year, it’s a great time to check in on your annual goals and see how you can improve on them. A year is a long time, so you definitely want to do a major checkup on your goals at least once.

Plus, there’s still plenty of time for you to reach your goal. Just because the first half of the year may not have gone as planned for you does not mean that the rest of 2015 has to be thrown away.

You should try to take advantage of the next six months and try as hard as you can to reach your goal.

Varying financial goals (don’t forget about personal goals either though) that you may want to checkup on may include goals such as:

  • Saving more money;
  • Cutting your budget;
  • Earning more money;
  • Paying off your debt; and so on.

Below are different reasons for why it’s important to check on your goal progress. I’ve also included my mid-year checkup. [Read more…]

I’m Giving Up Everything to Travel the World. Am I Crazy?

How To Travel The World And Leave Everything BehindHello! Here is a post from a blog friend of mine. I always love reading posts about how to travel the world, so I knew I had to say yes to her post idea. Enjoy!

The quick answer to title of this post is: YES! At least that is what some people would say.

But just think about it for a second: If you had the opportunity to travel the world for a longer period of time, wouldn’t you go for it as well?

Every day when I go on Facebook, I see people talking about how their careers are really talking off, they graduated with this and that degree, they just got a mortgage for their house, what they had for dinner and so on.

And the feeling I get whenever I read all of the above, is the feeling of being unable to breathe. Well, sort of at least.

Why do I get that feeling? Because it is so far from what I want with my life and from who I am as a person.

Now is there anything wrong with a house, a car, three kids and a dog? No, not at all. It’s just not what is written in my cards. At least not at the moment.

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