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Savings Rate

The Quarterly Savings Rate Challenge

Do you think you are saving enough money?  If you are like the vast majority of American’s my guess is the answer is no.  A full 2/3 of Americans can’t cover a $1,000 emergency.  To combat this I see all sorts of gimmicky money saving challenges on Facebook, that usually …

Save money on your electric bill

How To Save Money On Your Electric Bill

It seems that over time electric bills will grow if you don’t pay attention to them.  We buy more devices, we slowly stop turning off lights and appliances when we leave the house and before we know it we are paying over a hundred bucks a month for electricity.  Over …

stack your money and act broke

Stack Your Money And Act Broke

The most important parts of personal finance are the simplest. Last week I came across this image on Facebook and fell in love with its simplicity.  Stack your money and act broke.  6 words, but a whole lot of power. I must be on the wrong track with writing 1,000 word …

*A 7% annualized rate of return was used to determine years to FI

How To Increase Your Savings Rate, and Why

There are three major factors that influence retirement savings; time frame, market returns, and your savings percentage.  By far the most crucial factor is your savings percentage.  The rule of thumb thrown around all the time is to save 10% to 15% of your income.  This may work if you …