There are several good reasons why you should buy a used car over a new one. There are two reasons in particular that I find very convincing. Depreciation of Value Depreciation is the difference between the original cost and the current value over time. This is the most convincing factor from a financial standpoint as to why you should buy a used car. The moment […]
As some of you know, Jake and I are getting married in late October. With less than 8 months to go, it’s finally starting to feel real and I’m so excited! As you can imagine, I am pretty much in full planning mode and loving every minute of it. Eight months seems so far away, but I know it will go by quickly. While I […]
If you took any high level business class in college, you most likely learned about a SWOT analysis. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is an awesome tool that many businesses use to analyze internal and external factors that will affect the company’s future performance. Another great aspect about this tool is that it can be applied to your personal finances as […]
An emergency fund is a very essential part of your financial well-being. It acts as an air-bag would for a car. If you have some kind of unexpected crash in your expenses you can deploy your emergency fund to keep your finances alive! So, how do you actually start and keep an emergency fund in practical terms? This post will give you a step by […]
People have very different feelings about credit cards. Some people do not believe in them while others love to take advantage of their rewards. Jake and I have pretty different views of credits cards so see below for our opinions! Maia’s Opinion I am actually a fan of credit cards but would only recommend them if you can afford to pay them off each month. […]
I read various articles and blog posts throughout the week to pass time and get inspiration for our blog. Recently when I was reading a post on Making Sense of Cents, I came across this questionnaire that I thought would be fun to fill out. Do you avoid a lot of the expenses that many of your peers spend money on, such as technology and […]
Up until yesterday when mother nature decided to dump some snow on us, we have had a pretty mild winter in S. Jersey. However, it has also been rainy and overcast so whenever the sun is out, I try to get out as well. The other day I wanted to go for a walk right after work while it was still light out, but didn’t […]
A lot of people play the lottery dreaming of things they could do and buy with the winnings. The problem is they are putting their hope into something so insurmountably stacked against them that they don’t see their awful misuse of their hard earned money. So, when should you play the lottery? The short answer is almost never. The Long Answer Mathematically speaking, you are […]
It’s hard to believe it’s already February. I for one am not complaining though – the quicker winter goes by, the better. Now that February has begun, I can’t help but think that I need to get started on my taxes. I know they aren’t due until 4/18 this year, but I feel like my financial statements have been begging me to be entered into […]
Ever wondered what you are worth in financial terms? It’s called owner’s equity and this post will give you the tools to find out what your personal owner’s equity is. What is Owner’s Equity? The official definition is as follows: Owner’s Equity is the total assets of an entity minus its total liabilities. In layman’s terms, it is the difference between everything you own that […]