I Heart Frugal

Are you thinking about retirement? Even if you haven’t saved as much as you need, there are ways to boost your retirement. If you need help in this area, you are going to love this guest post from 
Danielle Kunkle Roberts from her personal blog entitled Danielle K Roberts.

Learn How to Boost Your Savings Before Retirement

Did you know that the average retiree only has around $50,000 saved once they retire? For most people, that will cover less than two years of expenses.

And living prices are skyrocketing. So much so, that even a million dollars doesn’t automatically mean that you will retire comfortably.

However, that doesn’t mean that you can’t prepare for your future. It also doesn’t mean that all hope is lost for you. Here are 3 ways to boost your savings for retirement, that won’t feel like a chore.

(more…)

Is emotional spending taking over your finances?

Often times we spurge because of feelings. Yes, there is a psychology behind how we feel about money. And emotional spending could be ruining your finances. It is best to find your spending triggers so you can set up a solid financial foundation and keep your emotional spending in check.

(more…)

Use the 30-Day rule to help you save more and stop spending frivolously.

Have you ever saw something in a store or online and just had to have it? Something caught your eye and that adrenaline rush started making your heart thump!

You quickly threw it in your cart or hit the “buy button” only to feel buyers remorse after a few minutes pass? Perhaps you even return the item when it arrives which is a hassle and sometimes cost you more money for shipping.

This is where the 30-day rule comes in. 

The 30-day rule is a tool to help you decide if you really want or need an item you want to buy. By using the 30-rule you will delay buying and avoid buyers remorse. It also leaves impulse buys as a thing of the past.

According to a Pew study, 46% of Americans spend more than they make. Yes, that is almost half the country.

It is not uncommon to have a spending problem and advertising and celebrities glorify a glitzy lifestyle, leaving many people feeling like they need to keep up.

Not to mention, Americans have a habit of lifestyle creep. This means that if you get a raise, instead of saving it, you spend more on lifestyle and do not necessarily have more money in the bank.

Yet, if you use the 30-day rule, you can do yourself a favor and make a spending decision with a clear mind instead of making an impulse buy. Do you know how to use the 30-day rule? This post will help you out.

(more…)

Are student loans driving you into debt? Find out how Alexis from FITnancial paid off her loans the day she graduated and use her tips to become debt-free.

With over $1.56 trillion in total U.S. student loan debt and the average monthly student loan payment amounting to $393, I knew I had to do my best to lower my student loans and pay them off when I could. I did not want to be paying off student loans for the next 20 years.

Before I applied to college years ago, I had little to no idea how financial aid and student loans worked. All I knew was that it was common for people to graduate with tens of thousands in student loan debt. And knowing that little fact made me start a journey of learning as much as possible about money.

(more…)