How to Deal with Outstanding Student Loans

Student loan

Student loan debt is so bad that it’s now considered a crisis, with over $1.5 trillion owed among 44 million borrowers in the U.S. alone. These astronomical numbers are second only to mortgage debt and a number of students are suffering with the burden of paying off student loans well into adulthood. People who graduate […]

this that and the mba, baby reading book, baby reads

529: It is never too early to start

With so many people I know having children, this question comes up a lot.  What is a smart investment that you can give a baby?  As a parent it is essential to start saving for your child at a very young age.  The power of compounding can work wonders! Today more than ever people are entering college to pursue advanced degrees.  I think setting up a 529 plan for your child is a great decision for their future.  Who knows what the future holds but you can be certain that saving for an education for them is a safe bet.  So what does 529 mean or where did it derive its name?  529 refers to Section 529 of the Internal Revenue Code which has established the plans.  Giving the parents a 529 … [Read More...]

Hindsight is 20/20

This post is a little different than the others on this site.  On Friday I told some people at work that I had a personal finance website and thought that I should disclose some to you as well!  To that I will let you into why I chose to pursue the finance path.  I went to a liberal arts college in NY and initially had hopes and dreams of becoming a chemist.  Well as I dove head first into Chemistry my freshman year of college I began to think more and more about a career path.  Chemistry was great, I enjoyed learning about all periodic table and all the labs that went along with it, but I just didn’t find my calling.  I always had an affinity for numbers. I enjoy accounting and … [Read More...]

Five For Friday: New Logo, Below 200k, Stats are thriving, It is getting warm out, The Goodness is Neverending

What an interesting week it has been.  My Alexa rank dropped below 200,000 thanks to you, really I couldn’t have done it without you so I thank you!! I had a logo created for my site so take a look and let me know what you think! This weekend atleast where I live it supposed to be in the upper 60’s so that is making me feel anxious to get outside and do some yard work! So here they are in no particular order, the Five For Friday!  J  Money on how far would you go to pick up a penny?  So how far would you go? How far would you let your family go?  Take a look at the article that Michelle at Making Sense of Cents wrote this week.  I really do not know what I would do.      I … [Read More...]

Beating debt, this that and the mba, mba, thisthatandthemba

Dear Debt, I am going to defeat you!!!

What does national financial literacy month mean to you? Well for my wife and I, we have set up a plan to pay down some of our debt.  We have accumulated some debt over the past few years.  It was by choice so that she could stay home with our two beautiful children.  I wrote a post the other day asking you to take a moment to review your situation because April is National Financial Literacy Month. Did you take a few moments to see where you stood?  Are you going to do anything about your situation? Our goals are to have all of this done by June 1.  She has 4 payments left on her car and then it is ours baby!!!!  It will be nice to receive that title and see no liens.  Our approach is … [Read More...]

gas, gas prices, oil

Gas prices got you down?

I was sitting there having a mind freeze on what to write and I looked over to my wife and asked her for a topic.  She said, “gas.”  Sitting there thinking that was out of left field, I pretended not to hear and said huh.  Gas prices, Ahh gotcha! Well if you haven’t noticed gas has been creeping up, it seems as though every time I drive past a gas station it is 10 cents higher than it was an hour ago.   I read an article the other day that crude prices over $100 a barrel are going to be the new norm.  There are over 160 different types of oil so they use the terminology of barrel to describe all these types.  A barrel is approximately 42 gallons.    The basic law of supply and demand … [Read More...]

Storage Wars, storage unit, this that and the mba, thisthatandthemba, mba

Yuuuuuuup…….What can Storage Wars teach us about investing?

In case you are not aware of what Storage Wars is, it is a television show on A&E where people bid on lockers at storage facilities.  They get 5 minutes to look inside from the doorway and they cannot open or touch anything in the units.  The show follows 4 personalities as they go from facility to facility, each one having their own style and persona.    One of the lead personalities is David Hester who owns Hester Auctions.  He did not always own the thrift shop and auction house; in fact in 2005 the shop was a furniture store.  Hester always had a knack for selling items, when he was younger he sold his father’s train set piece by piece over a 5 year period.  Hester is known as the … [Read More...]