The following post was provided by fellow blogger Jennifer Willard. If you are interested in being a guest contributor for My Money Design, please feel free to contact me. Saving money for retirement, or even a rainy day, has become much harder over the last couple of years. Prices for necessities have risen, while income levels have grown stagnant. However, this doesn’t mean that it is impossible to save for the future and learn how to stop spending money. You just have to be a savvier shopper. Of course, there are always ways to save money when shopping. Using coupons, taking advantage of sales, and even buying in bulk is great ways to save money. But the real trick to savvy shopping and saving money is to understand how retailers … [Read more...] about How to Stop Spending Money – 5 “Psych Outs” that Trick You to Spend
Tips for Achieving Early Financial Independence
The following post is a guest contribution from Early Financial Freedom. Giving the state of the economy, can you really achieve early financial independence? Is it a mirage that you can only imagine? My wife and I would like to assure you that it is real and attainable if you are serious about it. The bottom line is that you need to desire financial freedom in order to achieve it. The desire is the driving force for making early scarifies for later pleasures. How We Got There: Let me introduce myself. I am an engineer from New York and am happily married with a wonderful 7-year-old son. After working 10+ years as a hands-on engineer and later as a supervisor, I resigned in April 2012 to stop working for others and join forces with my … [Read more...] about Tips for Achieving Early Financial Independence
Six Beginner Strategies for 529 Savings Plans
The following post is from guest author Ryan Jones. Ryan is a contributory writer associated with Debt Consolidation Care and has written several articles for various financial websites. He holds his expertise in the Debt industry and has made significant contribution through his various articles. A 529 plan is a kind of savings plan which is especially designed so as to encourage savings for the future college or any other mode of higher education. These savings plans have some tax advantages and are also legally known as the “qualified tuition plans”. The 529 savings plans are named so because they follow Section 529 of the Internal Revenue Code and are mainly administered by the different state agencies and the organizations. Six … [Read more...] about Six Beginner Strategies for 529 Savings Plans
