How Much Cash Should You Keep In Savings? (Plus Where to Keep It)

They say everyone should have three-to-six months’ worth of expenses in an emergency fund. Unfortunately, if you follow this rule you probably have quite a bit of cash earning almost nothing in interest--and losing money to inflation. Where you save your money can be just as important as how much you have saved. Here’s what you need to know about where you should be stashing your rainy day money: Cash Savings at Home Anyone who … [Read more...]

Beam (beta) Review: Is 4% Savings in a Gamified Banking App For Real?

I've been using Beam since April 25th, 2018 and I can report that yes, as part of the beta test they did pay a nice baseline 2% APY on up to $15,000. That's a top-tier rate as of June 2018, even if you compare it to other high-interest online accounts. I felt comfortable with my money there, despite concerns from other online reviewers. I spoke with the Beam team and I believe they're on an earnest mission to help people save more … [Read more...]

The 4 Big Reasons Why We’re Fixing Our Finances and Pursuing Financial Independence

In the marketing industry people often talk about selling the benefits ("hey, look how this thing can change your life") vs the features ("hey, look at this thing with all the bells and whistles - here’s how to use it"). I’ve always been more of a features guy myself. I want to know the steps involved and understand the individual components that go into whatever it is I’m buying. Leave out the fluff. When it comes to "buying" the idea of fixing my finances … [Read more...]

How to Track Your Net Worth [+ My Net Worth]

You're probably reading this site because you want to see your financial life improve? Maybe move toward financial independence? Good on you, my friend! A great way to get better at something is to start tracking it. Let's talk about measuring and tracking your net worth. Simply put, your personal net worth is equal to your assets (the things you own) minus your liabilities (i.e. debts). The trick to getting an accurate number is to carefully examine what you … [Read more...]

052: Master Your Money (and Your Side Hustle) with PT

I can safely say that this episode of the podcast is unlike any other I’ve done. If you’ve listened to at least one other episode, you know that I interview someone new every week and find out all about when they decided to become a master of their money, what tools they use to manage their finances, and the one thing they’ve done that has had the biggest impact on their financial success. But today, PT is in the hot seat. I asked my friend and former guest on the … [Read more...]

52 Week Money Challenge [New Printable for 2019]

Download the full 52 Week Money Challenge Printable Spreadsheet below. So you want to save more money? It's as good a day as any to get started saving more. Today I thought I'd share my thoughts on the 52-week money challenge and see how many of you would do something like this. How the 52 Week Money Challenge Works - Download the Printable The idea is simple: deposit $1 into your savings account (if you don't have one, open one) on week one of this … [Read more...]

The Important Things We’re Saving For (Our Savings Goals for 2018)

Each year I take a moment to consider my annual savings goals: retirement, emergency, short-term, etc. What do I want to get done with my savings in 2018 to feel like I made a solid push towards my plan for financial independence? Let's take a look. I’m a believer in being intentional and putting carrots out there for myself. So, here we are. If you want to have success with your finances and move towards financial independence I … [Read more...]

35 New Year’s Resolutions For Your Finances

The New Year is upon us! Naturally, now is a good time to reflect on last year's successes and failures and to make plans for a prosperous new year. If you need some ideas to get you started, I've provided a huge list of potential financial goals for you to set in the new year. But first, know that these are just a list of things to do that I've come up with. Like any process of self-improvement, it's best to start with the WHY behind YOUR goals. I'm more … [Read more...]

Upromise Review: A Little Extra Savings for College

I joined Upromise several years ago to start saving money for my kids' college education. I had heard of Upromise before, but I procrastinated on signing up. I shouldn’t have, and neither should you! I'm going to give you the full review below. But if you want to make better use of your time, just sign up with Upromise and get started. This is really one of those things everyone should sign up for as soon as they can. Upromise is a free, … [Read more...]

051: Map Your Money Adventure with Nick True of Mapped Out Money

Nick is a 20-something financial blogger who lives in Chattanooga, TN with his wife Hanna and 3 fur children. His website is MappedOutMoney.com where he focuses on budgeting and helping people learn all of things about money they didn't learn in school. Let’s dig in. Let’s meet today’s Master of Money…. Listen to the Episode with Nick True Listen to it on iTunes. Stream by clicking here. Download as an MP3 by right-clicking here and choosing "save … [Read more...]

049: Money Moves to Make Before 30 with David from Money Under 30

David Weliver is the founder of the personal finance website MoneyUnder30.com and co-founder of Moneymentals, a 7-week course that helps students save more and spend better. Let’s dig in. Let’s meet today’s Master of Money…. Listen to the Episode with David Weliver Listen to it on iTunes. Stream by clicking here. Download as an MP3 by right-clicking here and choosing "save as." I hope you enjoyed that. A big thank you to David for giving us … [Read more...]

047: Savvy Money Moves with TEDx Speaker and Filmmaker Adam Carroll

Adam Carroll is an internationally recognized financial literacy expert, author, and two-time TED talk speaker, creator of the Broke, Busted & Disgusted documentary, and founder of Mastery of Money. He has presented at over 700 college and university campuses. So let’s dig in. Let’s meet today’s Master of Money…. Listen to the Episode with Adam Carroll Listen to it on iTunes. Stream by clicking here. Download as an MP3 by right-clicking here and … [Read more...]