You've heard both extremes: "debt is a tool" and "debt is pure evil". I'm not that extreme, but I do lean towards the second option. It's often believed that debt can be used as leverage, and that it can get you where you want to go faster than living debt-free. That can be true, but living with debt can also get you bankrupt faster than living without debt. Yes, … [Read more...] about Understanding Debt: How and Why to Live Without Debt
Archives for February 2016
Can Poor Internet Security Put Your Retirement in Jeopardy?
The Money Mini Blog proves its success in the quality of its content, providing information for beginner and experienced savers alike. I look forward to each of their posts and highly recommend this recent piece on successful habits you should be implementing into your life. The internet and online accounts have made it easier than ever to keep your accounts in check and … [Read more...] about Can Poor Internet Security Put Your Retirement in Jeopardy?
5 Tips on Turning Change Into Real Money
Note From Kalen: I think saving change is awesome. My wife bought an iPod with saved change, and when I used to work for tips, I would save an extra couple hundred dollars every few months. Here's how to make the most of saving change... We all have loose change; jangling around in our pockets, in our cars, in drawers, and often just jangling around in the washing machine; … [Read more...] about 5 Tips on Turning Change Into Real Money
3 Crucial Rules to Remember When Trading in Currency
Note From Kalen: As with anything, invest at your own risk. I like to show all of the different investing options, but it's up to you to make wise investing decisions. This is a topic that has not been covered much here so far, so here's some insight to currency trading. In 2014, it was estimated that the daily volume of foreign exchange trading stood at an impressive $5.3 … [Read more...] about 3 Crucial Rules to Remember When Trading in Currency
Understanding Consumerism: How to Save Money in a World of Spending
Consumerism has turned into an addiction. As a society, we are addicted to consumption. We consume products, food, things...at an alarming rate. I'm starting this "Understanding Series" with consumerism for a reason. I'm going to go in-depth with every area of your finances throughout this series, but it all starts right here. If you don't understand consumerism and … [Read more...] about Understanding Consumerism: How to Save Money in a World of Spending