On a recent episode of the podcast, Pete and I discussed alternatives to the “cash envelope” method of budgeting. If you’re not familiar with the ol’ cash envelope system, I’ll explain. First, you’ll get a few envelopes and write different…
Hopefully you enrolled in your employer’s retirement savings program as soon as you could. Just as you have money automatically withheld from your paycheck to fund a 401(k) – or similar – account, did you know that you can have money…
As the COVID-19 crisis continues, the severity of the economic impact on households is becoming clearer and more widespread. For some, the impact may be prolonged. As the ability to postpone creditor payments diminishes over time and emergency savings whither,…
Well, here we are living life during quarantine. Watching way too much TV and eating far too many carbs. But we also have the opportunity to use some of this new-found free time to improve our financial well-being, taking care…
Dear Pete, I’m 58 and for the first time ever, retirement seems real to me. The problem is, I don’t have any money. I make a lot ($200k a year) at my new job, but due to a large number…
You’ve heard stories about the wealth gap, the gender pay gap and even the income gap at large, but now due to a recent credit scoring change, you may officially live in the world of credit score gaps. Fair Isaac, the…
Dear Pete, My wife and I have been married for seven years this February. We get along great, except for one minor issue. Well, it’s not that minor. She spends a tremendous amount of money, which makes achieving our financial…
Dear Pete, I just retired at 60. I am a single, head-of-household male with no children. When I retired, my annual salary was about $120,000. I have had my mortgage paid off for about four years and have no monthly debt load. I have approximately…
Dear Pete, I am now 65 and on the verge of retiring. I am reluctant to retire but am feeling it is time to leave my position for various reasons. I hope to continue working part time if I find…
Introducing Power Percentage™. You have been trying to measure your financial life for years. You measure it by your credit score, your net worth, your income, your savings or retirement account balances… yet none of those reward you for good behavior…
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