A few weeks ago I discovered a new podcast called, ‘The Planner and the Geek’. In one of their episodes, they mentioned that April was Financial Literacy Month. I had no idea there was a month dedicated to financial literacy … Continue reading April is Financial Literacy Month
I’m exactly 2 years into my lease and I’ve got 2 more years to go, but here’s the thing…I no longer need my car. Back in October, my wife and I moved closer to her job for a couple of … Continue reading This is a big lesson I’ve learned from leasing my car…
Since January 2018, my credit score was stuck at 799 and it was killing me that I was 1 damn point away from my personal goal. So you can only imagine my dance celebration when I saw my FICO score … Continue reading It’s been 3 years in the making and I finally made it to the 800 club!
Have you noticed the competition in the credit card industry? It seems like new premium cards with incredible cash back and points offers are introduced to the market every year. I’ve been tempted to play with all of these points … Continue reading This is why I use charge cards and not credit cards
A friend of mine and I go on and off on when exactly is the right time invest. Do I buy stocks? ETF’s? index funds? We seem to just talk about it, but never exactly make that move. For starters, … Continue reading Opinion: Is it the right time to invest?
Infidelity can wreck a marriage, but so can financial infidelity. Imagine this, you are reconciling your credit cards, bank accounts and all transactions at the end of the month and you begin to see payments you don’t recognize…$500 at Nordstrom, … Continue reading Opinion: Financial infidelity
Diversifying your portfolio can be as simple or as complex as you’d like to make it. My personal advice is to not over do it. There is such a thing as too much diversification. Extreme diversification can spread your risk … Continue reading My personal diversification strategy and 3 simple tips for your portfolio
I must have this conversation with my peers at least 3 times a month and it always goes something like this… Peer: Wait, you mean to tell me that I need to have a savings account I never touch unless … Continue reading Stop! Don’t touch that emergency fund
$1M dollars seems like a lot, but it unfortunately isn’t much when you really think about it from a retirement planning perspective. So how much do you really need for retirement? This simple question needs a compounded response because a … Continue reading $1M sounds great, but is it really enough?
This past Saturday morning I was moved by an incredible and inspiring story from Melissa. I met Melissa in a personal finance community I’m a part of and I reached out to her to learn more about her financial journey … Continue reading This is how Melissa is breaking the paycheck to paycheck cycle
I was prompted to write this post a few weeks back when I was talking to Alex about our financial plan and we got to talking about what we considered being “wealthy” was. Funny enough what Alex consider’s wealthy and … Continue reading Opinion: Wealth is not about money and possessions
Before I begin with my post, I have to give a quick shout out to one of our family friends Janet and Hermes who introduced us to this new coffee hack! 🙂 Last year I wrote about how you can … Continue reading This new coffee hack is saving us an additional $510.50 this year
I’ve shared before that 2018 is going to be the year that I focus on my family’s net worth. I’ll be honest, my net worth wasn’t a number I cared about but 2 years ago our net worth weighed very … Continue reading 5 quick tips to increase your net worth in 2018
2017 has been the year for cryptocurrency. On November 29th, Bitcoin hit $10,000. This means that one bitcoin is worth $10,000. It was at this moment it garnered the attention of investors, the media, banks, your friends, co-workers, regular people … Continue reading What is cryptocurrency?
Have you ever had the fear of missing out? Recently, I’ve experienced this on a small scale when I was giving the Bitcoin and cryptocurrency some deep thought. Lately, A LOT of my friends have been chatting with me about … Continue reading I’m a HUGE skeptic of Bitcoin, but this crypto has caught my attention
Everyone loves to travel, have new experiences, learn about new cultures, taste delicious food, but what holds most people back from traveling is money. After paying for airfare and all the fees, figuring out ground transportation and paying for hotel … Continue reading How I traveled to Asia for 2 weeks for Only $1,000
oh 2017…this definitely has been one of the most rewarding and most challenging years of my life. Ever since we embarked on this personal finance blog journey, I’ve decided that at the end of every year I want to share … Continue reading This is how we lived below our means and saved nearly $60,000 in 2017
It’s a Griswold family Christmas and we’re going to have the hap, hap, happiest Christmas since Bing Crosby tap-danced with Danny f***ing Kaye! I am a huge Christmas Vacation fan, and when I mean huge, I mean I own the … Continue reading 5 Lessons I Learned From Christmas Vacation
‘Tis the season to be jolly. Fa-la-la-la-la, la-la-la-la. Strike the harp and create your budget. Fa-la-la-la-la, la-la-la-la. I love this time of year because my home is full of Christmas tree and sugar cookie scents and it creates the best environment … Continue reading My 2018 Budget
I know that New Years is around the corner when car dealerships quadruple their advertising efforts. I’m bombarded with TV advertisements from our local car dealerships and I’ve lost count to how many times I’ve heard the name Braman and … Continue reading Should You Lease or Buy a Car?
The holidays are always a magical time of year. There are Christmas songs, hot chocolate, festive lights and decorations, and generally good cheer. This is the time of year that is supposed to bring families together and reflect on the … Continue reading How to Keep Your Financial Sanity During the Holidays
To all of my shopaholics Recently Alex and I got back from an unbelievable vacation in Europe. We explored, we ate, we drank, we partied, and naturally, we shopped. Him and I love to travel and come back with a … Continue reading Shopping Spree + Tax Incentives!
If you’re a Millennial, like me, then chances are that you and your friends are starting to think seriously about home ownership. Is it worth it? Have I saved enough? Is it too great a risk? Is it really better … Continue reading Public Policies that affect Home Owners
Before I became a personal finance freek, I had no idea there are 3 types of IRA accounts. To be honest, I didn’t even have an IRA account until 2 years ago! I thought I was killing my savings/retirement game … Continue reading Is Your Cash Simple, Roth, or more Traditional? Check Out Which IRA is Best For You!
There is a difference between a “want” and a “need”. It is also important to factor in an emotional decision and a logical decision. The “want” is the emotional decision and the “need” is the logical one. On my personal … Continue reading Holiday Sales – Don’t Impulse Buy
Wealth in America is growing! You’ve read this and probably thought, “yea, this is obvious,” but I’m referring to 401(k) balances. According to a Fidelity Investment analysis, 401(k) balances have grown 9.6% since last year and the average 401(k) balance … Continue reading 401(k)s in America
So it’s time for you to leave the comforts of home, spread your wings and fly or you’re just moving into a new home or apartment. Whatever the case may be, you’re moving on up to the east side to … Continue reading Don’t Break the Bank When You Move
Capital gains is a fancy word for the profits you made from selling your investment or real estate assets. While this term and what surrounds it may seem pretty straight forward, the tricky part of it comes down to how … Continue reading Capital Gains in Layman’s Terms
To all of you smokers out there, including my very own friends, I’ve got a message for you. No, my post does not include one of those creepy and disturbing videos of a person peeling off their skin when buying … Continue reading The Impact Of Your Smoking Habit
Article reposted with permission from Amandacees.com My very good friend and lifestyle blogging guru, Amanda Cee recently wrote an amazing article highlighting unique and inexpensive date nights around the 305 for each day of the week. Going on dates can be … Continue reading Date Nights In Miami
I’ve been asked several times, why am I so conservative with my money? What has driven my passion to become financially fluent? Normally, I would always respond with something like, “my goal is to be debt free, so I’m using … Continue reading How 3 Economic Crises Have Shaped Me
Let’s bring it down to the basics. In the investment world, there are 3 main asset classes: equities (stocks), fixed income (bonds), and cash equivalents (money market). To further explain asset classes, think of it as a type of investment … Continue reading What Are The Differences Between Stocks, ETFs, Mutual Funds, And Bonds?
Truth is, many people are not ready to invest. Financial planning can be compared to building a home because you’ve got to lay a strong foundation – an emergency fund, insurance coverage to mitigate risk, and very low to zero … Continue reading It Can’t Get Any Easier
This post goes out to all my recently engaged couples out there who have begun to plan their wedding. First and foremost, congratulations! This is the beginning of an amazing journey! As someone who’s married and is a wedding planner … Continue reading Don’t Let Your Wedding Break The Bank
Early on in my career I learned that paying myself via retirement contributions and investing was the biggest opportunity to build my wealth. Many of you might not be comfortable with investing because you believe it’s complicated, you don’t trust … Continue reading Doing Nothing Is Your Biggest Mistake
There is probably nothing more annoying than to deal with credit card fraud. I am impressed by how these hackers get my card information and purchase groceries from a supermarket nearly 50 miles away from my home. Great, you got … Continue reading Have You Recently Dealt With Credit Card Fraud?
If you’re anything like me, you’re eager to grow your wealth by investing in stocks, mutual funds, ETFs, etc. You should be cautious about jumping head first. I recommend that you take a hard look at your finances and ask … Continue reading Read This Before You Start Investing
There are a lot of emotions pre, during, and post a hurricane. As I write this post, I haven’t had power for 4 days and millions of Floridians are patiently waiting for their utilities to get back on track and … Continue reading The Unpredictable And Unexpected
Last week I asked my friends on Facebook for insight on which investment apps they were using. Many mentioned Acorns, Betterment, and Robinhood. Some even mentioned the big banking institutions. Well, I’ve done a TON of research on all of … Continue reading Here Is How I’ll Be Investing My Stash
I live 36 miles from my job and if you’re thinking to yourself “holy cow that’s a lot”, well, it is. On average, it takes me an hour and 15 minutes each way; I absolutely hate my commute. It is … Continue reading Don’t Get Stuck In A Housing Jam
You’ve been saving for several months and you think you’ve got what it takes to begin the home shopping phase, but you’re hesitant because you’re not even sure how much home you can afford. This question can be easily answered … Continue reading How Much Home Can I Afford?
Normally, I hate cutting luxuries from my monthly budget, but when the going gets tough, the first thing that goes are my Starbucks trips, Ipsy subscription, and the one that breaks my heart the most, the gym. For some, the … Continue reading That Boujee Gym Membership Doesn’t Belong In My Budget
When my wife and I were home shopping for our very first home, one of the biggest fears we had was that nearly every home we saw needed some sort of repair or a huge makeover! Back track to 2 … Continue reading 8 Ways To Pay For Your Home Projects
Recently, I was talking to my husband about my upcoming promotion and I asked for his advice on salary negotiations. I told him my predecessor made significantly more money than they were going to offer me and that I was … Continue reading Opinion: Be Bold, Negotiate Your Salary
One of the greatest things about owning a home is that you are building your net worth! Many American households take advantage of this worth and equity via a home equity line of credit (most referred as HELOC) or a … Continue reading Home Equity Line Of Credit vs Home Equity Loan
Hey everyone, Thanks for following our blog and for being an awesome supporter! I’m writing to let you know of an update and some changes. We are transitioning FinancialFluency.org to MoneyQlip.com and here’s why: Over the past 2 months, Vania and I have been working with a team of designers and engineers to develop a really cool product! We are projecting this product to be in market in 8-12 months. As you may know, financial literacy in this country is only at 57% and we are focused on creating a solution for the remaining 43% of the population. That is why MoneyQlip … Continue reading Update About Our Blog
Being in debt has been normalized for many of us. Mention that you’re swimming in it and the response is always “who isn’t?”. We have been conditioned to believe that having debt is something we will always live with. I … Continue reading From Financially Clueless To Savvy in Under A Year!
I’ve heard many folks complain about their PMI and how it increases their monthly payments by $100 – $150. With some folks, it’s like the PMI has a bad rep. I think what they forget is that the PMI has … Continue reading PMI May Be The Reason You Are Getting Your Home!
My wife and I are about to enter the mortgage refinance market because we want to get rid of our private mortgage insurance (PMI). What gives us confidence in entering this market is the rate of growth in our equity, … Continue reading 5 Reasons To Refinance
You’ve found the home or your about to get started with your search but you are in the “crunching the numbers” phase and the question arises, should we pick a 15 or 30 year fixed mortgage? Well, there’s a lot … Continue reading 6 Things To Consider Between A 15 and 30 Year Mortgage