Category: Money Management Tips

Money Management Tips

Should You Accept an Early Inheritance? What to Consider

by Kyle BurbankAug 29, 2023

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 BurbankAug 15, 2023

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 BurbankAug 1, 2023

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 BurbankJul 25, 2023

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 BurbankJul 11, 2023

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 BurbankJun 13, 2023

"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...

Money Management Tips

Are People Just Now Learning About Vegas' Tricky Game Rules?

by Kyle BurbankMay 30, 2023

Vegas casinos want your money! Okay, that part you knew — but were you aware of some of the tricky tactics they use to try to get more of it? Earlier this week, the Wall Street Journal published a report that gamblers lost nearly $1 billion at Las Vegas Strips casino Blackjack tables last year, amounting to the second-highest total on record. Yet, the reasons cited for this increase weren't...

Money Management Tips

7 Ways to Save Money on Streaming Service Subscriptions

by Kyle BurbankMay 16, 2023

Once upon a time, the idea of streaming television and movie content was not only novel but was mostly limited to just a few services — including some free ones. Well, that's definitely changed in recent years as nearly every major media conglomerate has launched its own streaming platform. And, while you'd think that the increased competition would mean lower rates, the financial realities of the medium are starting to...