Betterment: Where We Invest Money for Non-Retirement Goals

Not long ago, my wife and I were buried in five-figures worth of student loan debt and no investment savings outside of small 401K balances.  Investing seemed silly at the time because any extra money we came across could simply go toward exhausting the student loans earlier.  But in 2014, my wife became pregnant with our daughter and our priorities shifted.

We still had about $14,000 left on our student loans, but the interest rate was only 2.5%.  We decided to invest before paying off all our non-mortgage debt.  The move wasn’t as risky as it sounds — we adjusted our spending habits […]

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2017-05-16T16:44:06+00:00 May 18, 2017 6:30 am|Categories: Investing, Recommendations|Tags: , |0 Comments

The $50,000 Starbucks Latte Habit

Do you ever think that, since it’s “only” $4 for a Starbucks latte, you’re not really throwing your money away?  I mean, $4 for a cup of coffee is nothing compared to your brand new $30,000 car.  Or $50,000 in student loan debt.  Or your $250,000 mortgage.  Right?  What’s another $4?

In the example I am about to share, a $4 Starbucks latte habit over the next decade costs your future self over $50,000.

Before you get your calculator and tell me I am wrong, follow along and I will show you.  This […]

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How to Build A Website Quickly and Inexpensively

Hey there, Lacking Cents reader!  We are about a dozen posts in, and it’s about time I finally document for you how I created this website and blog in case you want to start your own blogging journey.

We have grown to nearly 3,000 Twitter and 1,000 Instagram followers since launching just two months ago, and I believe our growing readership is directly related to the incredible tools that allow me to create and maintain this website.  Our server has been spectacular (never a second of down time!), the theme has been enjoyable to customize, and WordPress is without a […]

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2017-05-05T12:19:55+00:00 April 28, 2017 6:00 am|Categories: Featured, Recommendations, Website Tips|Tags: , , , |0 Comments

4 Ways Dave Ramsey’s Baby Steps Miss the Mark

Since you’re reading a blog about personal finance, there’s a good chance you have heard of Dave Ramsey and maybe even follow some of his financial advice. Much of it is very helpful, simple advice that working adults managing their own finances should know.

If you are not familiar with Dave Ramsey, he hosts a syndicated radio show on personal finance and is the author of several books, including The Total Money Makeover.  The show instills his Christian beliefs and a very very anti-debt message.  In fact, he is so anti-debt that some of his advice misses several basic financial perks that leave individuals better […]

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Budgeting 101: Your Monthly Expenses Need An Overhaul

I was flicking through the channels on my cable TV years ago when I stumbled upon premium movie channels HBO and Showtime. “Cool!” I remember thinking to myself…knowing when I signed up for my Time Warner cable package, I had only signed on for a lower package. “Free premium channels!”

You’re probably not as naïve as I was then. As you may have guessed, this was part of a free trial that later expired…but the premium channels stuck around at their regular monthly prices. My old self did not budget whatsoever, and with autopay set up the increasing cable bill went […]

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2017-05-02T21:45:00+00:00 March 16, 2017 7:00 am|Categories: Budgeting, Recommendations|Tags: , , |0 Comments