Category: Finance 101

  • Debit versus Credit (card)

    As many of you may recall I recently attended the first ever financial blogger conference where I met more than a hundred other finance bloggers. While introducing myself and this blog they’d often ask if I primarily blog about credit and debit cards. I was asked many times if I blog about the difference between the two […]

  • Three Money Moves To Make With A Pay Raise

    Pay raise? What pay raise? I know what you are thinking. But, believe it or not, many Americans received a pay raise this year. Many receive a pay raise as a cost of living adjustment every year from their pension or an annual increase in their salaries from their employer. The United States military, for example, received a 1.4% pay raise this past January, and they have received a raise every year since the end of World War II. Every American actually received a pay raise this year also, and many did not even realize it.

  • Monthly Money Review: March

    It may be cold and much too white outside for spring to be just around the corner (unless you’re lucky enough to live in Phoenix) but that does not give you an excuse to neglect your finances. To makes things easier for you I’ve decided to begin a monthly money review series to give you […]

  • Debit versus Credit

    You likely know the difference between using your credit card or your debit card, but do you know when it’s more appropriate to use your credit card rather than your debit card, or vice versa? The most obvious difference between using your credit card or your debit card is the way the funds are taken […]

  • The Rule of 72

    I’m a huge fan of math tricks, especially when it makes solving complex issues just a little bit easier. There’s a great trick that can be used to easily figure out how long it will take compounding interest to double your investment: it’s called The Rule of 72. This is an easy trick. You simply […]

  • Determining Your Future Return With A Fixed Income Investment

    If you’ve ever wondered how much money you’ll have at the end of a certain amount of time after investing in a fixed-income investment then this formula will come in quite handy. It’s called the compound interest formula and is actually quite easy to work with. Future Return = P(1 + R)^T Don’t be intimidated […]

  • Credit Cards 101

    What is a Credit card? How do I choose one? Why should I use a credit card instead of cash? I’ve been asked questions like these over and over again, usually by young people who are just starting to learn about the world of credit and personal finance. However it’s never too late (or too […]