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May 3, 2023
By
The Admiral Staff
The author, who struggled to save money despite being frugal, discovered Digit, an app that automatically transfers small amounts ($5-$50) from their checking account to a savings account based on income and spending patterns. After 10 months, they saved nearly $2,000 for an emergency fund. While the app has limitations – it offers no interest, requires bank account access, and isn’t ideal for those with low balances or a need for precise control – the author found it
April 29, 2023
By
The Admiral Staff
A wedding guest, having given a cash gift of £100, received a follow-up email from the couple requesting an “adjustment” to their contribution, seemingly referencing the guest’s recent inheritance. The guest, feeling pressured and insulted, responded with a simple question, “I assume this was some sort of mistake?” The incident highlights the increasing trend of cash-requesting weddings and the awkwardness surrounding money discussions, while emphasizing the importance of gratitude and avoiding blatant greed.
April 20, 2023
By
The Admiral Staff
A recent article challenges the common advice to have a specific multiple of your salary saved for retirement by a certain age, citing Fidelity’s chart which suggests having 10 times your salary saved by age 67. The author conducted a poll among colleagues and found most didn’t meet these recommendations, arguing that such charts rely on unrealistic assumptions like retiring at 67 and living to 92, and require a 15% savings rate—difficult for many given rising housing costs and
April 10, 2023
By
The Admiral Staff
This article encourages readers to embrace the “Reduce, Reuse, Recycle” mantra to save money and help the environment. It offers practical tips for each “R,” starting with **reducing** consumption by minimizing food waste, thoughtfully evaluating purchases, and choosing products with less packaging. Next, it suggests creative ways to **reuse** items like old furniture, clothes, cardboard tubes, and glass jars through upcycling projects. Finally, it highlights various **recycling** options, including selling scrap metal, donating shoes
April 8, 2023
By
The Admiral Staff
An article from The Penny Hoarder explores the idea of peeing in the shower to conserve water and save money. Calculations suggest this practice could save up to 579 gallons of water per person annually, potentially leading to savings of around $153.30 per year for a family of four, plus reduced toilet paper costs. While research indicates urine isn’t sterile, the bacteria levels are generally low and unlikely to cause illness. Plumbing experts state it’s unlikely to cause drain
