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June 12, 2023
By
The Admiral Staff
A 26-year-old earning $50k annually with $21k in student loan debt is weighing whether to pay off the debt entirely before moving out of their parents’ home. The article highlights the common struggle of young adults burdened by student loan debt and presents a mixed perspective on whether prioritizing debt repayment or independence is the better financial move, ultimately prompting readers to share their own opinions and experiences.
June 7, 2023
By
The Admiral Staff
The article discusses the challenges of managing finances across multiple payment methods like credit cards, debit cards, and PayPal. It suggests streamlining to one method if possible, recommending cash for those struggling with budgeting, debit cards for those prone to overspending, and credit cards for those who can manage balances responsibly. For those using multiple payment methods, it highlights budgeting tools like Level, Mint, and Mvelopes to track expenses and gain a clearer financial picture.
May 30, 2023
By
The Admiral Staff
The article explores the benefits of group living as a way to save money and gain more space, potentially leading to financial stability. Two group-living experts share their experiences and advice for creating a successful group house. Key steps include establishing a lifestyle goal for the house, carefully selecting roommates, finding a house in a less popular (and therefore more affordable) neighborhood, setting clear ground rules for finances and responsibilities, and fostering a sense of community through shared meals and activities.
May 28, 2023
By
The Admiral Staff
Entrepreneur Scott Alan Turner and his wife Katie successfully toilet-trained their cats to eliminate the cost and mess of traditional litter boxes, saving an estimated $2,000-$3,000 over the cats’ lifetimes. They created a DIY toilet training system, initially selling instructional DVDs (“Scoop No More!”) and now offering free training videos on YouTube. The process involves gradually transitioning a litter box into the toilet bowl, increasing the hole size until the cat uses the toilet directly. While requiring
May 21, 2023
By
The Admiral Staff
Expecting parents in the U.S. often face unpaid parental leave, creating a potential income gap. Financial planner Kim Tran suggests proactively saving to ease this transition. Her strategy involves scaling back non-essential expenses like student loan payments and diverting the extra funds into savings to cover income loss during leave and anticipate increased utility bills due to factors like winter and visiting family.
