My Cell Phone Origin Story When my parents decided to get involved with cell phones, they – like virtually everyone else we knew – selected Verizon as their carrier. I was eventually allowed to join their plan, which I stayed on throughout high school and college. After graduating from college and started my working life, … Read more
Starting a new job and not quite sure what to make of their retirement plan? Read on to learn about the minimum you should consider investing.
When it comes to money management, I try to strike a balance between maximum simplicity and maximum effectiveness. I care where my money is going and how it is growing, but at the same time, I am not interested in tracking every dollar spent. Instead of budgeting my money, I use a version of this … Read more
My money management strategy has three major components: bank accounts, investment accounts, and credit cards. This is not unique – I hope that your financial life includes these three components, too! However, I take a few slightly unconventional and very effective approaches that I’d like to share with you today. If you are looking for … Read more
As the name of this website implies, I have built a number of frugal practices into my daily life. Some money-saving strategies make a huge difference, such as living in a modest home vs. the most expensive one you can afford. Other times, we make choices that don’t seem so important in the moment. Here … Read more
If you have read our About Us page, you already know that I completed two years of service as an AmeriCorps VISTA member. AmeriCorps paid me living allowance stipend of about $11,000 – $14,000 plus a Segal AmeriCorps Education Award per year. Yikes. However, between the two Segal Awards, my savings, and then a few months at my … Read more
Despite my income putting me in the 22% tax bracket for the 2019 year, my effective tax rate was only 11.4% – essentially half of the marginal tax rate! Maybe this already makes sense to you. However, there definitely seems to be some misconceptions out there surrounding one’s tax liability (what you owe in taxes) … Read more
The U.S. government expects you to contribute a certain amount of money each year, which is referred to as your “tax liability.” What do they want from me? For the average person, your taxable liability will be determined based on the pay you earn from working a job. During tax season (typically January – April), … Read more