Learn how to live the frugal life with our helpful hints and tips.
Nontraditional Families Need Nontraditional Financial Support American families have changed dramatically over the past several decades—and so have their finances. While growing up in a nuclear family may have once been the norm, today’s children are far more likely to be raised in what researchers call “blended,” “fluid,” or “complex” family structures. As cited by […]
Lots of Americans own pets—more than half of us, in fact. When it comes to dogs and cats alone, 36.5% percent of Americans owned dogs in 2012 and 30.4% owned cats—and for good reason. Beyond being Facebook-worthy adorableness, pets bring indisputable health benefits to their owners, including stress reduction and heart disease prevention. We pay […]
While the labor force continues to grow, Bankrate’s most recent Financial Security Index survey reveals that the savings rate Americans continues to trend downward. In January, only 39% of people surveyed said they had enough in their savings account to cover an unplanned expense of $1,000 (this was especially true for those making less than […]
We may have been told that money can’t buy happiness, but research shows that for most of us—at least up to a point—the two really are linked. In January 2018, the journal Nature Human Behavior published a study that that says individuals reach a point of “income satiation” when they earn between $60,000 and $75,000 […]
A yard sale offers the allure of profitable decluttering—what better way to clear out all your unneeded sports equipment and gently used furniture than to sell it all to happy buyers! If you’re not realistic, however, you may just be left with handful of small bills, piles of remaining items you now need to donate, […]
Looking to save money? The answer might be right at home. According to research by the Environmental Protection Agency, the average American household spends $2,000 on energy costs each year, with nearly 30% of those costs spent on appliances, lighting, and electronics. When you realize that more than 10% of that amount goes to lighting […]
It’s not hard to believe that people who have managed to set aside money in case of emergencies enjoy a greater sense of “financial wellbeing.” Freedom from worrying about the “what ifs” and a sense of pride in achieving a monetary goal would make anyone feel good. In reality, however, barely half of Americans have […]
When the U.S. economy took a plunge back in 2008, the amount of money Americans spent eating out took a parallel plunge. But since 2010, that number began to rise once again. In fact, it surpassed 2007’s previously highest dollar amount just 2 years later. We get it. Eating out is convenient: there’s little planning, […]
Most credit card holders think that late fees, annual charges, and interest rates are set in stone. Yet a 2017 survey by CreditCards.com found that 84% of cardholders who picked up the phone and asked for better terms were told “yes.” When negotiating with credit card companies, it helps to have a strong credit history […]
Imagine your spouse of 30 years dies suddenly of a heart attack, and amid your fog of grief, you don’t realize you haven’t paid your power bill for three months. The power company is threatening to shut your lights off, and you don’t have the money because you drained your savings account to pay for […]
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