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October 30, 2024
By
The Admiral Staff
Once you’ve built a $1,500 cushion, it’s time to consider longer-term financial goals. The article suggests four options: investing in multi-family real estate through CalTier (even with a small budget), comparing car insurance rates using EverQuote to potentially save money, investing in companies like Amazon and Google with Stash for as little as $1, and using AmOne to consolidate credit card debt with a lower-interest loan.
September 20, 2024
By
The Admiral Staff
Simplifi, a new budgeting app from Quicken, aims to simplify personal finance by automatically creating personalized, flexible spending plans based on your income and bills. It acts like a “GPS” for your bank account, helping you reach financial goals, from paying rent to saving for a home, and adjust for unexpected expenses. Easy to set up and customizable, it’s earned recognition as the best budgeting app of 2020 by Wirecutter and offers a 30-day money-
September 15, 2024
By
The Admiral Staff
The article emphasizes that budgets rarely align perfectly with actual spending. To effectively manage money, it’s crucial to regularly compare budgeted amounts with what was actually spent, identifying areas of overspending and underspending. This process allows for adjustments to unrealistic budgets, helps catch errors in billing, and provides an opportunity to strategically allocate surplus funds toward financial goals instead of frivolous purchases.
March 21, 2024
By
The Admiral Staff
Many people create budgets but still struggle to meet their financial goals. Common mistakes include creating budgets that are too strict, budgeting for a lifestyle they can’t afford, lacking a clear purpose for budgeting, forgetting about irregular expenses, and not having a financial cushion. The article suggests building wiggle room into budgets, starting with income and expenses rather than desired spending, setting goals to motivate budgeting, planning for infrequent costs by saving small amounts regularly, and including a buffer for unexpected expenses.
March 17, 2024
By
The Admiral Staff
This article details a young woman’s journey to paying off nearly half of her student loan debt while earning $15 an hour. She emphasizes that budgeting is key to taking control of your finances. The process involves tracking spending, setting financial goals, analyzing expenses, building a budget (using tools like YNAB, spreadsheets, or pen and paper), assigning a purpose to every dollar, staying vigilant with spending, and being realistic with adjustments. The author stresses that budgeting isn’t rigid and encourages incorporating
