Personal Finance Basics

Personal finance basics is here to help you understand your money so you can better manage your money. It covers budgeting, saving, planning, and setting goals.

The Best Personal Finance Books for Law Grads with Massive Debt

In case you didn't know, April is financial literacy month. I know, that as a lawyer, you are well read in areas of the law. And likely well read in a few other areas too, but you might have missed the memo about personal finance books. As someone who had read a good few personal finance books, I wanted to share my favorites. Especially, the ones which I thought were best for those of us with ...

FAFQ: How important is my credit score?

Frequently asked financial questions are questions that I've seen pop up over and over again.  I thought I'd take the time to answer them in this new Series. So each post will have a short quick answer to these frequently asked financial questions followed by a longer more detailed answer. How Important is My Credit Score? Pretty damn important if you ever want to borrow money or open up a line of credit. If you're already rich and can ...

March 2017 Debt Accountability & Income Report

I know I missed February but it wasn't all that exciting of a month anyway. March had a lot more going on. It included lots of trips to the vet for a sick puppy and a trip out to the Seattle to hang out with my sister and her kids. Onto my accountability report and my second income report on the blog. March 2017 Debt Progress Updates Car Loan: $5,486.27 difference: +$358.63 I put a good chunk of my tax refund towards ...

Frequently Asked Financial Questions – How Can I Afford to Travel When I Have Debt?

Frequently asked financial questions are questions that I've seen pop up over and over again.  I thought I'd take the time to answer them in this new Series. So each post will have a short quick answer to these frequently asked financial questions followed by a longer more detailed answer. 5. How can I afford to travel when I have debt? When you're drowning in debt and dreaming about travel, it can feel like the world is against you. ...

FAFQs Series – Will My Student Loans Really Be Forgiven?

Frequently asked financial questions are questions that I've seen pop up over and over again.  I thought I'd take the time to answer them in this new Series. So each post will have a short quick answer to these frequently asked financial questions followed by a longer more detailed answer. 4. Will my student loans really be forgiven? Lots of student loan borrowers take advantage of income-driven repayment plans for federal loans and think that at the end of ...

FAFQ – Can I Afford to Buy a House?

Frequently asked financial questions are questions that I've seen pop up over and over again.  I thought I'd take the time to answer them in this new Series. So each post will have a short quick answer to these frequently asked financial questions followed by a longer more detailed answer. 3. Can I afford to buy a house? I think everyone at least thinks about buying a house at some point. Everyone debates not only if it's right for ...

FAFQs – How Much Do I Need to Have in Savings?

Frequently asked financial questions are questions that I've seen pop up over and over again.  I thought I'd take the time to answer them in this new Series. So each post will have a short quick answer to these frequently asked financial questions followed by a longer more detailed answer. 2. How much do I need in savings? Pretty much every personal finance expert out there will recommend you have some savings, they may call it an emergency fund, ...

Frequently Asked Financial Questions – Do I Really Need a Budget?

Frequently asked financial questions are questions that I've seen pop up over and over again.  I thought I'd take the time to answer them in this new Series. So each post will have a short quick answer to these frequently asked financial questions followed by a longer more detailed answer.   1. Do I really need a budget? Short Answer: Yes, if you find yourself struggling living paycheck to paycheck, then yes a budget would be a good idea. You should ...

How I’ve Made All My Money

First things first, this is not a post about starting a business and growing it into amazing income, and it's definitely not a get rich quick story. In this post, I'm going to share with you all the ways I've made money. Every single job and gig, going back to when I was a kid. Sure some people get wealthy from one job or by inventing something or starting a wildly successful business. But most ...

Financial Goals: How to Set and Achieve Them

Now that the dust has settled on the New Year and a mountain of resolutions that you've probably already decided you won't really pursue at least half of. I want you to focus on setting financial goals. Specific financial goals. Attainable financial goals. Financial goals that you will accomplish this year. Now you may already have surmised this financial goal is sounding a whole like a SMART goal, and it is, but I'm not going to ...