Very interested to know what is on your bucket list. Here are mine: Financial Bucket List Get promoted by 2019 to a higher VP level. I currently make 6 figures at my full time job as a VP, Digital Marketing and I am motivated to eventually become SVP within 5 years Pay off my $34K student loan debt by June 2019 Contribute 20% of my income to my company’s 401K/Roth consistently after I pay off my…
What percent of your budget is allocated towards housing expenses (rent or mortgage, electricity, gas, water), transportation (car payment, bus pass, insurance, maintenance, and gas), food (groceries, restaurants), and the rest (debt, savings)? I use a free, simple iPhone mobile app called EveryDollar to manage my monthly budget. I do not like using Mint or any app that needs to connect to my actual financial accounts. I feel like mobile apps are intrusive enough. Every…
What is your ideal number of different savings or checkings accounts to have? How did you come up with that number? Based on my experience I have found that I needed multiple savings and checkings accounts to keep funds organized. 4 REASONS TO HAVE MULTIPLE SAVINGS AND CHECKINGS ACCOUNTS Have 1 checkings account. This is a convenience factor because a checkings account is one of the easiest ways to get cash quickly. Compared to a…
Is there an ideal number of savings or checkings accounts a person should have? How many do you have? Why? I currently have 3 savings accounts and 1 checkings account. I have 1 savings and 1 checkings account through a college credit union that I have kept all these years. This gives me access to co-op credit union branches when I want to deposit or withdraw cash in person. Separately I have 2 different online…
What are your favorite side hustling gigs? I would love to explore new side hustle ideas outside of ebay or similar resell ideas. I have a side gig of buying and selling sports trading cards. Well, it is not so much a gig as it is a hobby. Here too is another money moron mistake I am making to this day. I get attached to my sports cards because it reminds me of the 90’s…
As a self professed money moron (I was and partially still am), attending an out of state college was one of my biggest financial regrets. It would not be a blog without the flipside, right? I try not to be such a negative person and when it comes to finance, you have to think beyond what happened in the past. The financial mistakes I have made in the past are sunk costs so I can…
In my 20’s I ignored my massive student loan debt and eventually went into default. One of the worst possible things financially you can do. I went into default only a few years out of college. This is the reason I started this personal finance blog. For cringeworthy money moron moments, give the post a look for a quick rundown of my financial mistakes. I experienced credit cards getting cancelled, paying a crazy interest rate on car…
This post lists some of my podcast recommendations on: Real Estate Real Estate Investing Unlike the personal investing or personal finance podcast recommendations, I have not found as many well respected real estate podcasts. Let me know if you have suggestions. I spend a lot of time passive listening and active listening to podcasts, so expect my recommendations to be updated. Real estate is something that I am just getting into so I expect to…
Let me start off by saying that my regret going to a four year Big 10 college is my own doing because I was a money moron. Looking back to high school when I was coming up with a list of 4 year colleges, all I knew is I wanted to experience living on my own and to get a good undergraduate degree in Marketing. Notice anything missing from my thought process? I did not…
This post lists some of my podcast recommendations on: Personal finance investing General investing I spend a lot of time passive listening and active listening to podcasts, so expect my recommendations to be updated. I basically leave it on as background noise. I love to learn. When I subscribe to a podcast, I listen to as far back as possible. If podcasts have their first episode available to listen, then I start there. For some…
I made financial mistakes. Cringe worthy financial mistakes. Admittedly voluntary because I had no financial intelligence. Being a money moron started when I was considering college. In my previous post about the top 5 financial things to consider when applying to college, I did not fully provide my point of view. I am a firm believer that everything happens for a reason. HERE ARE 3 THINGS I WOULD DO DIFFERENTLY WHEN CONSIDERING COLLEGE. The honest…
What I write in this post is purely from my own experiences. I am not a financial guru. I am not a financial ninja. I do not have a podcast. I do not do interviews or guest posts. I am passionate about my full time job as VP, Digital Marketing. But. I am a money moron. I am here to share the 1st part of the mind boggling, voluntary financial mistakes I made in the…
I am a money moron. I REALLY am. I kid you not. Hear me out. It started when I was applying for college. Apparently I decided during my junior/senior years that I was going to get into MASSIVE student loan debt by attending an out of state 4 year Big 10 university. Apply for scholarships? Maybe just a few because it took SO much of my free time. I was a champion of senioritis. $40,000…
Welcome to my finance blog. Yes, I am a money moron. Really. You should check out my future posts. Check my about me page to get a 50,000 foot view of who the heck this money moron is. I am in my mid 30’s. I do not have a family I support and do not have kids. I do like to help out my parents though such as buying my mom a plane ticket overseas…
