Tag: budget

Advice

Student loan forgiveness: It actually happened

Key Points and Takeaway Biden forgave $10k of student loan debt ($20k for Pell Grant Recipients) for individuals with income below $125,000 ($250,000 for married couples). Current students are also eligible. Moratorium on payments will end and payments shall resume on January 1, 2023 Information on how to claim student loan relief will be coming soon. Sign up here to be notified when information is … Continue reading Student loan forgiveness: It actually happened

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Advice

PrizePool: friends have benefits with this prized-based savings account

A dollar saved is a chance to win $10,000 every week. PrizePool is another prize-based savings account similar to Yotta. The accounts have a lot in common: FDIC insured through Evolve Bank & Trust up to $250,000 Users win interest via a lottery system with recurring tickets awarded for saving money Users get debit cards for easy access to funds Rewards for referrals and not … Continue reading PrizePool: friends have benefits with this prized-based savings account

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Reviews

Bobbie’s Book Briefs: The Millionaire Next Door

Recommendation: 10/10 Best Version: AudiobookVersion Consumed: Kindle e-book and Audiobook While this book and the underlying study comes from the 1990s much of the information is still relevant to those seeking to be financially independent today. Some of their metrics – such as not buying a home that is more than double your income – would not hold true today since the market was very … Continue reading Bobbie’s Book Briefs: The Millionaire Next Door

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Advice

That’s a Yotta scratchers: Instantly win up to $1,000 for joining in March

Yotta is a prized-linked savings account that offers “lottery tickets” each week for saving money with them. You can win up to $10 million dollars, a Tesla, or just a decent APY. Recently, Yotta has rolled out new features, including crypto buckets, which hold your money in stablecoin and pay you 4.5% APY plus extra lottery tickets for staking your crypto with them. Other new … Continue reading That’s a Yotta scratchers: Instantly win up to $1,000 for joining in March

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Advice

That’s a Yotta Crypto? The best high-yield savings account is now offering more

Yotta is a FDIC-insured, lottery-based, high-yield savings account. Previously, I’ve written an article singing the praises of this app (link). The current system offers you 0.2% APY plus lottery winnings. This averages out to be around 1.5 to 1.9% APY. While this return is lower than the 3% offered by Porte and HMBradley, you only have to put money in Yotta to get the APY. … Continue reading That’s a Yotta Crypto? The best high-yield savings account is now offering more

Bob Bennett3 Comments
Advice

Coffee shops are a privilege, not a right: Luxury is the new normal

Millions of Americans start their day with coffee that they buy from a coffee shop. They drive out of their way to wait in lines to pick up their morning caffeine fix for outrageous mark-ups. This “luxury” of not having coffee at home has infected people so much that they can not contemplate giving up their daily Starbucks run, or maybe two if it is … Continue reading Coffee shops are a privilege, not a right: Luxury is the new normal

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Advice

Porte, the 3% APY savings account – What’s the catch?

High-yield savings accounts (HYSA) do not feel high-yield anymore. The national average APY for US savings accounts is 0.06% according to the FDIC. 0.06% APY means that for every $10,000 you have tied up in a savings account, you are paid $6 per year. Obviously 0.06% will not protect you from any level of inflation, which means that these savings accounts are useless. Other online … Continue reading Porte, the 3% APY savings account – What’s the catch?

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Advice

Buying homes with friends: Millennials’ new recipe for drama

With the price of homes still at record highs, some Millennials are coming up with a new strategy to get into home ownership: buying homes with friends. Millennials are growing tired of paying higher rents and losing out on building equity in real estate and the appreciation on home values. Therefore, some are partnering with friends and roommates to buy a nicer home than any … Continue reading Buying homes with friends: Millennials’ new recipe for drama

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