Savings Archives - Penny Thots

7 Absolute Best Personal Finance Books To Change Your Life

I love personal finance. Ever since my senior year of high school when I was introduced to economics, I’ve loved the world of finance. I even went to college for finance and worked in the financial services field for over 15 years. I love personal finance so much, I even read about it in my free time. Because I’ve read so many books on the topic, I decided to share with you my favorite personal finance books. Below you will find the books I recommend as well as a short reason as to why I think the book is so powerful in helping you to improve your finances. I also link to some of these books in my resources section as well. So without any more waiting, let’s get to my list of the absolute best personal finance books! … [Read more...]

5 Best Reasons To Save Money Instead Of Spending

When you have a little bit of extra cash, it’s easy to want to spend it instead of saving it. Spending gives you instant gratification for purchasing something you’ve always wanted or for experiencing something new. That instant gratification is what marketing companies are hoping you will continue to seek, and it can create a financial problem for people who are big on shopping and spending. While spending money isn’t always bad, it’s important to be mindful of your purchases and make saving a priority. The reason is simple. Saving money allows you to have options in life. Below, I explore these options, showing you why you should consider saving some money instead of spending it. … [Read more...]

4 Simple Steps For Teaching Kids About Money

Since personal finance isn’t taught in school, most of us learn money habits from our parents. If our parents were bad with money, chances are we will be bad as well. If you are a parent, you can teach your child good money habits, regardless of your financial situation. Here are four ways you can help your children develop a healthy money relationship by teaching kids about money. 4 Strategies For Teaching Kids About Money #1. Include Them When you are sitting down to pay your bills or balance your accounts, don’t keep it all a secret from your kids. This is a great opportunity for teaching kids about money. Be open about things. Explain to them what a credit card is, how it is beneficial and how it can be a bad thing if not used … [Read more...]

How To Make Money Illegally

Do you ever watch a movie about a guy pulling a fast one and walking away with millions? Or maybe you see on the news a story about a guy holding up a jewelry store and making off with bags of diamonds. While both of these examples are ways to make money illegally, they both make us fantasize, even for a brief moment, what it would be like to make that kind of money in a short amount of time. Let's face it, if you make money the honest way like the majority of us do, you know there are a lot of factors that come into play if you want to be wealthy. You need time since you can't make a boatload of money overnight. You need to keep your expenses in line too during the years as you your earn an income and you need to save and invest so that … [Read more...]

Wondering How To Get Wealthy? Follow These 4 Simple Tips

Money is more than depositing a fat check into the bank account. Money is more than growing your savings. What’s money then? And how to get wealthy? You can comprehend the actual form of money, but only when you stop allowing emotions to influence your financial decisions. Let me share something with you, something which you are not expecting: rich people never mix emotions with investing or any other financial decision. Their portrayal as emotionless people in movies and TV tropes are valid to some extent. How To Get Wealthy Everyone wants to get wealthy, but very few know how to get wealthy. The reason making money remains a dream for the majority is they overestimate money and underestimate themselves. As Warren Buffett once said, … [Read more...]

The Easiest Way To Save Money. Say Hello To Digit

[Update: Digit is no longer free. They are charging $2.99 a month and as a result, I don't recommend it to the majority of my readers. I still encourage you to read this post so you can learn what Digit is all about as there are some similar options that are free. One of the best is Qapital.] Do you have a hard time saving money? Of course you do! We all do! But I have found what I feel is the Holy Grail to saving money. I realize this is going to sound like a late-night infomercial pitch to you, but really, there are no strings attached and it really is as good as it sounds. And yes, it is free. It is called Digit. What The Heck is Digit? Digit is a platform that is designed to help you save money. Here are the guts to how it works. … [Read more...]

111 Birthday Freebies – Get Free Stuff On Your Birthday

Happy Birthday!! If it’s not your birthday, be sure to come back and re-read that first line again when it is your birthday! Regardless if it’s your birthday or not, this list is full of birthday freebies that you can take advantage of on your special day. As I was compiling this list, I knew of a handful of companies that offered a free item on your birthday. In fact, I thought that the list would be so small that I wouldn’t even have a blog post. Well, as I began to research, I was pleasantly surprised. The list kept growing and growing. As a result, I had to break it down into categories! I will add to this on a regular basis as I come across more great birthday freebies for you to take advantage of. Enjoy!! 111 Birthday Freebies … [Read more...]

3-Step Mental Ju-Jitsu Trick to Stop Sabotaging Your Savings

Ever feel you are your own worst enemy when it comes to your money? Well it’s true… But your mind can also work for you rather than against you. I’m going to share the exact steps I use to eliminate mental sabotaging of my financial goals. It’s a 3-step mental trick, a shortcut of sorts,which performs mental ju-jitsu for me, and may be just what you need to take the inner fight out of frugality. Let’s jump right in. I was a terrible saver. Sure, I had lofty goals, but when I saw something I wanted – I couldn’t resist… As you can imagine, this blew my budget repeatedly, and struggling to make ends meet financially seemed to be a monthly cycle of struggle, debt and sweat, only to repeatedly find myself in the same situation the … [Read more...]

5 Tips To Save Money On Auto Insurance

Auto insurance is a big expense for many consumers. But, there are a handful of ways that you can save money on auto insurance. You just have to be willing to find them. In this post, I list 5 ways to save money on auto insurance. I think you will find that most are ones you never thought of previously. So what are you waiting for? Read on to see if you can apply these to your situation and start saving money today! Own A Common Car The amount you pay for car insurance is tied to the type of car you drive. If you drive a sporty car, expect to pay more for insurance. But along with that, the more popular the car is with thieves, the higher the rate of insurance you will pay as well. … [Read more...]

Saving Money With Your Baby

We all know that raising a child is hard work and is expensive. To help ease the expense, I’ve compiled a small list of coupons, discounts, and freebies to help you towards saving money with your baby! Check out the list below... 6 Ways For Saving Money With Your Baby Gerber Gerber has a variety of great offers on its website. This includes an email list that will net you over $100 in coupons, special offers on Gerber life insurance, and even offers on clothing. Note that while I mention the life insurance, I do not recommend it. The idea behind life insurance is to provide for someone should something happen to you. For example, if you work while your spouse stay as home to raise the kids, the working spouse should have a life … [Read more...]