5 Money Mistakes I Made This Month

I think it's important to be honest with ourselves when it comes to our money. Moreover, it's important to take stock of our personal finances regularly. Doing so allows us to nip problems in the bud. We become accountable to ourselves, which helps us financially. Therefore, here are five money mistakes I want to own up to from the past month: 1. I Forgot to Review My Subscribe and Save I've signed up to receive a variety of items through Amazon's Subscribe and Save program. Overall, this benefits Read more [...]

Money in the Year of the Ox

Today is Chinese New Year, also called Lunar New Year. This year is the Year of the Ox. More specifically, it's the Year of the Metal Ox. It's always interesting to take a look at astrology to get some insight into personal finance. Whether or not it's "true" isn't really the point. Instead, you can glean helpful tips and ideas from this type of information. So, what can we learn about money in the year of the ox? What Is The Year of The Metal Ox? Every year in the Chinese calendar is represented Read more [...]

One Simple Step to Simplifying My Taxes

I've worked as a freelance writer / independent contractor for well over a decade. Some years I do better than others with money management. Which in turn means that some years it's a lot easier than others to complete my taxes. At the start of 2021, I've made a super simple change that will simplify my taxes immensely. Operating as a Sole Proprietor Without a Business License People often ask me what my business legal structure is. Am I registered as an LLC or DBA? Do I have an Employee Identification Read more [...]

Getting Real: How My Mental Health Impacts My Finances

I'm going to be really honest with you because I think it's important to do so: I struggle with depression. It's chronic, recurring, and although it's well-treated, I'll probably deal with it off and on for the rest of my life. I share this because it's an important part of my money story. And because I know that a lot of you out there have stress, trauma, and mental health issues that might affect your finances, too. My Mental Health and My Money Can't Be Separated I used to really beat myself Read more [...]

What Are the Alternatives to Filing Bankruptcy?

If you're overwhelmed by debt then you might think about filing for bankruptcy. This is a viable option for many people. However, it deeply affects you financial life. Therefore, people usually only turn to this option as a last resort. Before you go that route, make sure that you know the alternatives to filing bankruptcy. Find a Way to Pay Down Debt If at all possible, the best of all alternatives to filing bankruptcy is to pay down your debt. Of course, if you're looking at bankruptcy, then Read more [...]

5 Ways to Better Understand Your Money Psychology

I have a Masters degree in psychological studies. Therefore, it's no surprise that I'm very interested in the psychology of money. The way we approach finances should be logical but many of us respond emotionally to money instead. Better understanding your own money psychology can help you better work with your finances. Here are 5 ways to better understand your relationship with money. 1. Journal About Money We all have complicated feelings about money. Uncover yours by keeping a journal about Read more [...]

How to Deposit a Check Made Out to a Deceased Person

There was a huge debacle this year with the stimulus checks. The government sent out quite a few checks made out to a deceased person. Family members were distraught because of the unexpected reminders of their loved one. Moreover, they were confused by what to do with these checks. Stimulus checks are different from other checks, but it made many people start to wonder: How do I deposit a check made out to a dead person? Is It Illegal to Deposit a Check Made Out to a Deceased Person? In the Read more [...]

5 Ways to De-Stress When Money Challenges Overwhelm You

I hate to admit it but money has overwhelmed me a lot lately. I think of myself as someone who is generally level-headed when it comes to money. But let's face it: times are tough. The stress has gotten to me. Here's something important that I know: stress makes money problems worse. When we let stress take over our brains, we don't think as clearly. We react, instead of acting from an intentional place. So I find myself wasting money when I need to be saving it. Or I find myself overworking Read more [...]

Is FAANG Losing Its Luster?

In August 2018, Apple hit the $1 trillion market cap mark for the first time. Then, in September, Amazon reached the milestone too. It seemed like high-growth tech stocks were taking the world by storm. However, things shifted during 2018’s third quarter. The NYSE FANG+ index has fallen by 12 percent since mid-September, and many are wondering if FAANG is losing its luster. What Are FAANG Stocks? FAANG is an acronym that refers to five high-performing and popular tech stocks. Facebook, Read more [...]

Should You Hire a Life Coach for Personal and Financial Goals?

Whether you have goals and don’t know how to begin or simply feel lost in your personal or financial life, the idea of hiring a life coach may be enticing. These professionals tout their ability to help guide you through difficult periods, find a direction, or even discover your passions, all of which can lead to a more fulfilling life. But what's a life coach anyway, and is hiring a life coach a good idea? Here’s what you need to know. Life Coach Standards First and foremost, it’s Read more [...]