Rent to Own home

Too Good to Be True: The Pitfalls of Rent to Own Homes

Renting a home is cheaper than buying one — this is a mentality that persists among many American adults. It is true: the average rental price in all 50 states in America is at around $500-1,500, while the average monthly housing payment plus mortgage ranges at $1,500-2,500. Homeownership offers financial security, however, making it more attractive than renting for the …

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Cluttered garage

A Clutter-Free Life is the Key to Frugal Living

We’ve been talking about ways to keep home and personal expenses straightforward through a myriad of cost-cutting strategies and smart money management. I now want to offer advice that’s not exactly related to money, but can nevertheless have an impact on a person’s finances: Keep your home free of clutter. Just as a cluttered mind makes it difficult to focus …

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Banking Is a Service: Is Your Bank Up to Scratch?

Your choice of bank is crucial for your personal finance management and savings growth. When choosing a bank, consider the interest rate for savings accounts, customer assistance services, additional fees, and the availability of online and mobile apps. Let’s take a closer look at these criteria. Interest on Savings Accounts Don’t be swayed by the glossy advertising of most major …

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Couple reviewing their finances

Reordering: An Insidious Bank Practice You Should Watch Out For

Banks, for the most part, accommodate customers’ personal banking needs and provide perks that encourage saving. On the other hand, they have questionable practices that endanger people’s finances. Reordering is an example of this practice. When people come up to me for bank recommendations, I don’t give a definite answer. Instead, I advise them to choose a bank based on …

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Man climbing the stairs of success

Aim High: Careers that Promise High Salaries

Everyone wants to become wealthy, or at least have the luxury of not having to worry about paying rent on time, sending the children to a good school, and having enough funds for retirement. Everyone needs to understand, though — teenagers, most especially — that nothing “just happens,” unless you win the lottery for 10 million dollars or some other …

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Man stacking coins

Bulk Buying Lets You Save More (Just Not Always)

It’s no secret that buying in bulk gives you more savings than when buying per piece. You don’t even have to understand economies of scale to know this; a walk through any grocery store will suffice. Food establishments, likewise, also in on the bulk-buying mania. They offer food platters or group sharing packages, providing a variety of dishes at a …

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