One of my goals for 2017 was to have a savings rate of 55%. Considering the average person in America saves a measly 5.7% of their salary—or $5.70 for every $100 in after-tax income they make—it is fair to say that I am setting myself up for success. I have written numerous times about the [...]

In order to build wealth, you need to build a gap by having your income exceed your expenses. Using a budget is perhaps the most powerful tool you can use to analyze this gap. Why the budget? The budget tells you exactly what your money is being used on. To put it simply, it shows [...]

5 Ways to Save Money in New York

Recently I spent a week in New York and it was expensive! My dad was running the New York marathon so my family thought we could turn it into a nice little trip. As many readers of this blog know, we are from the Caribbean island of Trinidad and Tobago. Salaries are far lower on [...]

If you lost your job tomorrow, do you know how you will pay your bills? Your pet has to go to the ER. Your car breaks down. You unexpectedly need to go to the hospital. Can you pay these bills without going into debt? For 63% of Americans the answer is no. Chances are, if [...]

The rent vs. buy debate will forever rage on. Today, Amanada from CentsiblyRich.com will gives us her take on why it is better to rent in a new city. Amanda is a wife, mom, black belt and creator of CentsiblyRich.com, where she shares tips and insights gained through paying off $100,000 in debt on one income, [...]

Utilize Small Wins to Save More

With my CPA exam tomorrow, I thought today was the perfect time for a guest post. Today, Thias will enlighten us about the power of small wins to save money. Thias is a husband, father, and accountant living in Wisconsin who blogs about pursuing financial freedom (an interview series I was a part of) and [...]

Rationalizing the Price of Rent

After accepting job offers from an accounting firm this summer a colleague and I decided we wanted to live together after we graduated from university to lower our rent expense. Today I want to walk you through our decision process for renting an apartment and let you decide if we made the right choice or [...]

This guest post comes from Aliyyah of Rich and Happy Blog. She is a twenty-something professional who graduated from college with no debt and is working towards financial independence. You can find more about her Pinterest and Twitter. I hope you enjoyed her post as much as I did: Budgeting is an important part of [...]

It is graduation season! In May hundreds of thousands of college students will graduate college/university and enter the real world. Many will feel excited and scared at the same time. When I graduated last May I was excited for the new opportunities that were going to come my way. Since I graduated I have gone [...]

How often has this happened to you: You look at your bank account balance or your credit card statement and think, “How is this possible?” This happens more often than not sadly. I have a friend who goes to the mall every weekend and spends $25 on clothes, food and whatever else she may buy. [...]