The Finance Doc’s Net Worth Exposed!

Despite being an avid saver since my 20s, I have never been curious enough to determine my net worth. In hindsight, this was likely due to me knowing in the back of my mind that my net worth number was far away from my financial independence number. However, as I have become more analytical in […]

Top Practical Personal Finance Posts from Week Ending 07/15

This post is a part of weekly assorted practical personal finance posts shared by others in the previous week. Last week’s links can be accessed here. If you have a quality post you would like considered for the following week, please submit it here. 1. How to save in a global destination like New York […]

Stash Your Cash and Manage Your Savings

Managing your savings is equally as important as accumulating them in the first place. If a deliberate savings structure is not in place, excess cash and saved funds can be easily mishandled, converted into unnecessary expenditures or handed over to financial institutions in the form of obscure fees (e.g., one of the worst offenders, Bank […]

Slash Food Expenses While Eating Healthy: Part 1

Food expenses are typically our third largest expenditure (after housing and transportation), with 10 – 15% of our spending going towards food consumption. Unlike with the other two major expenses, one can implement changes immediately to increase cash flow, completely avoid up-front costs, and have savings (accelerate) or build upon themselves, since the expenses are […]

Cheap Phone Plans to Dump Your Costly Carrier

Few these days get by without a cellphone and the monthly expense associated with a cell phone plan is ripe for savings since recurring expenses can really add up. Consider unlimited data plans for one line with either AT&T ($60 + $6/mo incl. taxes/fees) or Verizon ($80 + $8/mo), which works out to $800 – […]

Top Practical Personal Finance Posts from Week Ending 07/08

1. Raise cash by getting rid of old or non-functioning electronics.   2. With recent Fed rate increases, it’s time to re-evaluate your liquid savings account.   3. Free things to do on a vacation. I would add getting a guide book at the library and following a suggested walking tour.   4. SavingAdvice readers […]