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Something On My Mind Personal Finance

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Feb 25, 2021

The budget tip of the week reveals that the cost for owning cars including the payments, gasoline, insurance and maintenance can be the largest collective cost in the monthly budget.

Part of this cost is for tires than can be $500 - $1,000 to replace. One solution is to buy quality used tires online and the cost can...


Feb 22, 2021

Is it more beneficial to choose the standard deduction or itemize deductions? They also review many of the common deductions that many tax filers qualify for.

In addition, the goal is not to receive a tax return; the average refund is $3,000 and this money can be used to pay down debt such as credit cards and car loans...


Feb 18, 2021

The budget tip of the week discusses how much money that you save by cutting back on buying coffee from a barista. 

It is possible that a family of four can spend up to $7,700 per year. 

Next: how much money can be accumulated by investing the savings and letting the compound interest grow.

 

 


Feb 15, 2021

This episode discuss the details about how to allocate assets in your 401(k), Roth 401(k), 403(b) and 457(b) plans.

What are the many types of mutual funds that invest in the stock market including large-cap, mid-cap, small-cap, international funds, value funds, balance funds, bond funds, and money market funds?

For the...


Feb 11, 2021

The budget tip of the week details how to prevent Americans from wasting 40% of the food that they buy. In fact, the average household wastes $3,080 per year and investing that savings can add up to over $300,000 over a 30-year time span.