Category: Money Management Tips
Money Management Tips
My Biggest Personal Finance Flaw
by Kyle Burbank
Last month (actually just a couple of weeks ago) marked seven years since I started writing about personal finance. Over that time, a lot has changed for me personally, professionally, and — most relevant to this writing — financially. Namely, the more time I've spent covering money topics and apps, the greater understanding I've gained of financial topics while also discovering helpful tools. Thus, it's easy to say that I'm... Money Management Tips
Should You Accept an Early Inheritance? What to Consider
by Kyle Burbank
In his book Die With Zero, one of the topics Bill Perkins explores is the idea of giving early inheritance. As he notes, giving your children funds when they're in their 20s or 30s may make more sense than making them wait until their in their 50s or 60s. After all, during those youthful years, they may want the money to buy a house, allow compound interest to work its... Money Management Tips
5 Biggest Barriers to Living a More Minimalistic Lifestyle
by Kyle Burbank
Over the past few years, my wife and I have strived to live a more minimalistic lifestyle. By this I mean that, while you'd be hard-pressed to call us "minimalists," we have adopted some of the principles and have worked to downsize in certain areas. And while we still have plenty of stuff that could be deemed unnecessary, we have managed to keep things much tidier than we did previously.... Money Management Tips
What's the Car-Buying Process Like in 2023?
by Kyle Burbank
When my wife and I purchased our most recent car in 2019, we opted for a "more modern" solution by buying online and retrieving our new (used) vehicle from a vending machine. Despite such platforms growing in popularity, believe it or not, there is still the old fashioned way: visiting a dealership. That's exactly what we did this week as we accompanied my mother-in-law on a test drive and, to... Money Management Tips
Do I Really Need a College Degree?
by Kyle Burbank
Looking back on my life so far, there are, of course, a few regrets I could name. Among the top things that I wish I did differently would be taking better care of my teeth and not having my dad get me a condo in Phoenix right before 1) the market sank and 2) I decided to move to California. In addition to that, I've often wondered how things might... Money Management Tips
Why I've Finally Been Consolidating My Bank Accounts
by Kyle Burbank
As I've mentioned many times over the years, I have far too many banking accounts. At this point, the number would probably be best described as "dozens" (although several of FinTech accounts I've tried have folded over time). However, in more recent months, I've found myself consolidating the number of places in which I keep my cash. While I've always maintained a few primary accounts amid my growing list of... Money Management Tips
How a Financial Advisor Has Helped My Family in a Terrible Time
by Kyle Burbank
"What's the point of having a financial advisor if everything you need to know is on the Internet?" Truth be told, that was pretty much my sentiment since I started becoming interested in personal finance. On the one hand, I understood why rich people might be willing to pay someone to manage their money for them — but why should we normies turn over our hard-earned cash just to have...