HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOG Do you want to achieve help your young family build wealth and achieve financial independence? Marriage, Kids and Money is the place for you. WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Kat from San Diego is looking for the best way to invest for her child's future. I share 3 ways to help both her and her child build

wealth.

THE DISADVANTAGES OF PAYING OFF YOUR MORTGAGE Fill out this form to learn how we paid off our mortgage in less than 5 years. And no, we didn't win the lottery. You'll also receive periodic updates from me 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Lately, I realized that I’ve been sharing a lot of really great things that are going on in my life (paying off our mortgage early, net worth wins and transitioning to my small business full-time).While that news fun to share and can be motivating for those of you reading my blog, I think it’s also important to share some of my money

mistakes as well.

CHILD TAX CREDIT 2021: WHAT SHOULD WE DO WITH IT? [BREAD The American Rescue Plan Act (ARPA) is expanding the Child Tax Credit this year. Nicole and I "discuss" what we want to do with the

stimulus.

10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE 10 years later, our net worth has grown to over $1,000,000 through simple investing strategies, increasing our income, and focused debt destruction. Without a mortgage, our net worth continued to soar. (We track our net worth through a free service called Personal Capital)..

5.

INDEX FUNDS VS. INDIVIDUAL STOCKS: HOW TO KEEP INVESTINGSEE MORE ON MARRIAGEKIDSANDMONEY.COM RECESSION-PROOF: FROM BANKRUPT TO YOUNG MILLIONAIRE IN 10 Patrick Aime shares his journey around the world that helped him go from bankruptcy to a young millionaire in a decade even in the midst

of a recession.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

$400,000 HOME PAID OFF IN LESS THAN 4 YEARS 2014 Mortgage Pay Down Details Sale of Last Home ($195,000 – $33,600 = $161,400) After living in my 1,100 square foot bachelor pad for nearly 10 years, Nicole and I HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOG Do you want to achieve help your young family build wealth and achieve financial independence? Marriage, Kids and Money is the place for you. WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Kat from San Diego is looking for the best way to invest for her child's future. I share 3 ways to help both her and her child build

wealth.

THE DISADVANTAGES OF PAYING OFF YOUR MORTGAGE Fill out this form to learn how we paid off our mortgage in less than 5 years. And no, we didn't win the lottery. You'll also receive periodic updates from me 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Lately, I realized that I’ve been sharing a lot of really great things that are going on in my life (paying off our mortgage early, net worth wins and transitioning to my small business full-time).While that news fun to share and can be motivating for those of you reading my blog, I think it’s also important to share some of my money

mistakes as well.

CHILD TAX CREDIT 2021: WHAT SHOULD WE DO WITH IT? [BREAD The American Rescue Plan Act (ARPA) is expanding the Child Tax Credit this year. Nicole and I "discuss" what we want to do with the

stimulus.

10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE 10 years later, our net worth has grown to over $1,000,000 through simple investing strategies, increasing our income, and focused debt destruction. Without a mortgage, our net worth continued to soar. (We track our net worth through a free service called Personal Capital)..

5.

INDEX FUNDS VS. INDIVIDUAL STOCKS: HOW TO KEEP INVESTINGSEE MORE ON MARRIAGEKIDSANDMONEY.COM RECESSION-PROOF: FROM BANKRUPT TO YOUNG MILLIONAIRE IN 10 Patrick Aime shares his journey around the world that helped him go from bankruptcy to a young millionaire in a decade even in the midst

of a recession.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

$400,000 HOME PAID OFF IN LESS THAN 4 YEARS 2014 Mortgage Pay Down Details Sale of Last Home ($195,000 – $33,600 = $161,400) After living in my 1,100 square foot bachelor pad for nearly 10 years, Nicole and I MORTGAGE PAYOFF STATEMENT: WHAT IS IT AND WHY DO I NEED ONE? This is a copy of our family's Mortgage Payoff Statement. Let's pay this thing off! Why Do I Need a Mortgage Payoff Statement? Perhaps you’ve been paying down your mortgage for a while and you're ready to completely pay it off. Requesting a mortgage payoff statement is

the first step in

PODCAST – MARRIAGE KIDS & MONEY Andy Hill is the award-winning blogger and podcaster behind Marriage Kids and Money which is dedicated to helping young families build wealth and thrive.. Andy's personal finance experience has been featured in major media outlets like CNBC, Business Insider, MarketWatch and NBC News.Trusted as a personal finance influencer by national financial brands, Andy’s message of family INDEX FUNDS VS. INDIVIDUAL STOCKS: HOW TO KEEP INVESTING Index funds and individual stocks each have advantages and disadvantages. So, how do you know which one is right for you? In recent years, the investing app Robinhood launched with a commission-free trading model. WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP) The racial wealth gap in our country has a tragic history. Anne-Lyse Wealth shares how the gap came to be and what we can do to close it. SHOULD I INVEST IN CRYPTOCURRENCY? 13 PERSONAL FINANCE Photo by CardMapr.nl on Unsplash. Honestly, I don’t know. I’m a crypto newbie. In the past, I’ve sort of dismissed it as a distraction toward more simplified investing strategies like buy-and-hold index fund investing. HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Related Podcast: How Do I Get My Spouse on Board with Budgeting?. Option 2: One Account with Budget Categories. Combine all of your earnings into one joint checking account; Create categories in a budgeting system like Mint (or fav), Tiller, Personal Capital or Honeyfi that allow you to have the same freedom and autonomy as separate checking accounts without all of the hassles of MY HUSBAND WANTS SEPARATE BANK ACCOUNTS (BUT I DON'T Rachel Cruze joins me to answer a question from Anonymous: “My husband wants separate bank accounts and I don't. What should I do?” We discuss the options available to our anonymous friend, including the importance of clear communication and even asking for support from a marriage counselor. HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Fill out this form to learn how we paid off our mortgage in less than 5 years. And no, we didn't win the lottery. You'll also receive periodic updates from me WHY I DID A 401K ROLLOVER AFTER LEAVING MY JOB (AND HOW I After I left my old job, I had to decide what to do with my 401k. I decided to move it to an IRA and I'm glad that I did. Here's why it was a smart move and how I got it done fairly quickly. HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOG and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. CHILD TAX CREDIT 2021: WHAT SHOULD WE DO WITH IT? [BREAD Based on our income this year, we will be receiving the tax credit starting in July and could be upwards of $250 per month (per child) starting in July. Once again, Nicole and I completely disagree with what to do with this new money. We debate how we should use it and options for other families to figure out their plans for the stimulus

money.

5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! THE DISADVANTAGES OF PAYING OFF YOUR MORTGAGE Con #2: Less Liquidity. Another counterpoint to a paid off house is less liquidity. Again, I could not agree more. Our home is paid off and it’s valued around $450,000. That’s $450,000 that we can’t touch, invest or use unless we sell the home or borrow from it with a Home Equity Line of Credit. INDEX FUNDS VS. INDIVIDUAL STOCKS: HOW TO KEEP INVESTINGSEE MORE ON MARRIAGEKIDSANDMONEY.COM $400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

RECESSION-PROOF: FROM BANKRUPT TO YOUNG MILLIONAIRE IN 10 In March of 2019, he crested the million-dollar mark in his net worth. Despite the Great Recession and his bankruptcy, Patrick became a young millionaire. Then, July of that same year, he essentially doubled his credit score. After filing for bankruptcy, he says his credit score

was around 415.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOG and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. CHILD TAX CREDIT 2021: WHAT SHOULD WE DO WITH IT? [BREAD Based on our income this year, we will be receiving the tax credit starting in July and could be upwards of $250 per month (per child) starting in July. Once again, Nicole and I completely disagree with what to do with this new money. We debate how we should use it and options for other families to figure out their plans for the stimulus

money.

5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! THE DISADVANTAGES OF PAYING OFF YOUR MORTGAGE Con #2: Less Liquidity. Another counterpoint to a paid off house is less liquidity. Again, I could not agree more. Our home is paid off and it’s valued around $450,000. That’s $450,000 that we can’t touch, invest or use unless we sell the home or borrow from it with a Home Equity Line of Credit. INDEX FUNDS VS. INDIVIDUAL STOCKS: HOW TO KEEP INVESTINGSEE MORE ON MARRIAGEKIDSANDMONEY.COM $400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

RECESSION-PROOF: FROM BANKRUPT TO YOUNG MILLIONAIRE IN 10 In March of 2019, he crested the million-dollar mark in his net worth. Despite the Great Recession and his bankruptcy, Patrick became a young millionaire. Then, July of that same year, he essentially doubled his credit score. After filing for bankruptcy, he says his credit score

was around 415.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

INDEX FUNDS VS. INDIVIDUAL STOCKS: HOW TO KEEP INVESTING More risk involved. When you buy single stocks, you take a bigger risk than if you buy index funds. Investing in individual stocks is essentially picking which companies will be the future winners. Electric (GE) ‘s average stock price was around $51. The stock price progressively declined and traded at PODCAST – MARRIAGE KIDS & MONEY Andy Hill is the award-winning blogger and podcaster behind Marriage Kids and Money which is dedicated to helping young families build wealth and thrive.. Andy's personal finance experience has been featured in major media outlets like CNBC, Business Insider, MarketWatch and NBC News.Trusted as a personal finance influencer by national financial brands, Andy’s message of family SHOULD I INVEST IN CRYPTOCURRENCY? 13 PERSONAL FINANCE Just this morning, we moved $5,000 over from our individual stocks in the more crypto to kind of just play the crypto wave that's going on right now.”. 13. Melissa (from Traveling Wallet) “It's intriguing. There's still a lot about cryptocurrency that a lot of us don't

understand.

WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP) In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

MY HUSBAND WANTS SEPARATE BANK ACCOUNTS (BUT I DON'T With money fights being a top reason for marital fights and divorce, this is an important issue to tackle for couples. In our podcast interview, Rachel and I also discuss her thoughts on the Enneagram Test, how she differs in opinions from her Dad (Dave Ramsey) and what she thinks of the FIRE Community. My Husband Wants Separate Bank

Accounts.

HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. 140 EMPOWERING QUOTES ABOUT MONEY AND PERSONAL FINANCE Quotes About Making Money. “Diligence is the mother of good luck.”. — Benjamin Franklin. “What you do speaks so loudly that I cannot hear what you say.”. — Ralph Waldo Emerson. “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each WHY I DID A 401K ROLLOVER AFTER LEAVING MY JOB (AND HOW I Simplify the Portfolio. Another major benefit of rolling over the 401k accounts was the simplification that came with our updated portfolio. Before we did the move . Nicole’s 401k was with JP Morgan. My 401k was with Lincoln Financial. Our IRA accounts were with Fidelity. It was just too many accounts with too many different partners. HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOG and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. CHILD TAX CREDIT 2021: WHAT SHOULD WE DO WITH IT? [BREAD Based on our income this year, we will be receiving the tax credit starting in July and could be upwards of $250 per month (per child) starting in July. Once again, Nicole and I completely disagree with what to do with this new money. We debate how we should use it and options for other families to figure out their plans for the stimulus

money.

INDEX FUNDS VS. INDIVIDUAL STOCKS: HOW TO KEEP INVESTINGSEE MORE ON MARRIAGEKIDSANDMONEY.COM THE DISADVANTAGES OF PAYING OFF YOUR MORTGAGE Con #2: Less Liquidity. Another counterpoint to a paid off house is less liquidity. Again, I could not agree more. Our home is paid off and it’s valued around $450,000. That’s $450,000 that we can’t touch, invest or use unless we sell the home or borrow from it with a Home Equity Line of Credit. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

$400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOG and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. CHILD TAX CREDIT 2021: WHAT SHOULD WE DO WITH IT? [BREAD Based on our income this year, we will be receiving the tax credit starting in July and could be upwards of $250 per month (per child) starting in July. Once again, Nicole and I completely disagree with what to do with this new money. We debate how we should use it and options for other families to figure out their plans for the stimulus

money.

INDEX FUNDS VS. INDIVIDUAL STOCKS: HOW TO KEEP INVESTINGSEE MORE ON MARRIAGEKIDSANDMONEY.COM THE DISADVANTAGES OF PAYING OFF YOUR MORTGAGE Con #2: Less Liquidity. Another counterpoint to a paid off house is less liquidity. Again, I could not agree more. Our home is paid off and it’s valued around $450,000. That’s $450,000 that we can’t touch, invest or use unless we sell the home or borrow from it with a Home Equity Line of Credit. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

$400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! PODCAST – MARRIAGE KIDS & MONEY Andy Hill is the award-winning blogger and podcaster behind Marriage Kids and Money which is dedicated to helping young families build wealth and thrive.. Andy's personal finance experience has been featured in major media outlets like CNBC, Business Insider, MarketWatch and NBC News.Trusted as a personal finance influencer by national financial brands, Andy’s message of family KID'S BOOKS ABOUT MONEY: 10 CHILDREN'S STORIES TO DEVELOP 6. One Cent, Two Cents, Old Cent, New Cent: All About Money. Similar to other Dr. Seuss books, this one includes creative rhymes and illustrations that keep kids engaged. They also walk through interesting facts about money, different denominations, and where the idea of money even came from! WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP) In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

SHOULD I INVEST IN CRYPTOCURRENCY? 13 PERSONAL FINANCE Just this morning, we moved $5,000 over from our individual stocks in the more crypto to kind of just play the crypto wave that's going on right now.”. 13. Melissa (from Traveling Wallet) “It's intriguing. There's still a lot about cryptocurrency that a lot of us don't

understand.

RECESSION-PROOF: FROM BANKRUPT TO YOUNG MILLIONAIRE IN 10 In March of 2019, he crested the million-dollar mark in his net worth. Despite the Great Recession and his bankruptcy, Patrick became a young millionaire. Then, July of that same year, he essentially doubled his credit score. After filing for bankruptcy, he says his credit score

was around 415.

HOW WE PAID OFF OUR MORTGAGE IN 5 YEARS 15-Year Mortgage ($161,400 – $11,977 = $149,423) We decided to go with a 15-year mortgage to allow for higher principal payments and an overall shorter window for paying it all off. We got a 3% fixed rate with no points. Going with a 15-year mortgage versus HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each WHY I DID A 401K ROLLOVER AFTER LEAVING MY JOB (AND HOW I Simplify the Portfolio. Another major benefit of rolling over the 401k accounts was the simplification that came with our updated portfolio. Before we did the move . Nicole’s 401k was with JP Morgan. My 401k was with Lincoln Financial. Our IRA accounts were with Fidelity. It was just too many accounts with too many different partners. HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOG and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

$400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. RECESSION-PROOF: FROM BANKRUPT TO YOUNG MILLIONAIRE IN 10 In March of 2019, he crested the million-dollar mark in his net worth. Despite the Great Recession and his bankruptcy, Patrick became a young millionaire. Then, July of that same year, he essentially doubled his credit score. After filing for bankruptcy, he says his credit score

was around 415.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOG and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

$400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. RECESSION-PROOF: FROM BANKRUPT TO YOUNG MILLIONAIRE IN 10 In March of 2019, he crested the million-dollar mark in his net worth. Despite the Great Recession and his bankruptcy, Patrick became a young millionaire. Then, July of that same year, he essentially doubled his credit score. After filing for bankruptcy, he says his credit score

was around 415.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each HOW TO START INVESTING TODAY IN 10 SIMPLE STEPS Photo by Zach Betten on Unsplash. Now that we’ve talked about where to invest, let’s talk about how to invest. If you want to keep things simple because you have a million other things to worry about, I’d recommend looking into index funds.. Index funds track an index, like the S&P 500, and they mirror their performance. PODCAST – MARRIAGE KIDS & MONEY Andy Hill is the award-winning blogger and podcaster behind Marriage Kids and Money which is dedicated to helping young families build wealth and thrive.. Andy's personal finance experience has been featured in major media outlets like CNBC, Business Insider, MarketWatch and NBC News.Trusted as a personal finance influencer by national financial brands, Andy’s message of family INDEX FUNDS VS. INDIVIDUAL STOCKS: HOW TO KEEP INVESTING More risk involved. When you buy single stocks, you take a bigger risk than if you buy index funds. Investing in individual stocks is essentially picking which companies will be the future winners. Electric (GE) ‘s average stock price was around $51. The stock price progressively declined and traded at 26 SMART WAYS FOR MOMS AND DADS TO MAKE MORE MONEY 8. Public Speaking. While many people list public speaking as their biggest fear, if you are comfortable speaking in front of groups of people, you can make money as a public speaker. You can get hired by events, conferences, schools, universities, corporations, and more. 9. HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. THE DISADVANTAGES OF PAYING OFF YOUR MORTGAGE Con #2: Less Liquidity. Another counterpoint to a paid off house is less liquidity. Again, I could not agree more. Our home is paid off and it’s valued around $450,000. That’s $450,000 that we can’t touch, invest or use unless we sell the home or borrow from it with a Home Equity Line of Credit. THE TOP 3 REASONS MARRIAGES END (AND HOW TO PREVENT IT 30. One of the most important decisions anyone can make is who you choose to spend your life with. Marriage impacts us emotionally, socially, legally, financially, and in so many other ways. While the divorce rate in America is dropping, so is the marriage rate. That means married couples understand marriage is important, we might not

know

HOW WE PAID OFF OUR MORTGAGE IN 5 YEARS 15-Year Mortgage ($161,400 – $11,977 = $149,423) We decided to go with a 15-year mortgage to allow for higher principal payments and an overall shorter window for paying it all off. We got a 3% fixed rate with no points. Going with a 15-year mortgage versus WHEN AN 18-YEAR OLD LEARNS HOW TO BECOME A MILLIONAIRE Investing in low cost index funds at 18-years old is an excellent way to become a millionaire and retire comfortably. Since not all of us are 18, I'm sharing 5 easy ways for us to have a comfortable retirement and reach 7-figure status as well. WHY WE'RE QUITTING OUR JOBS AND MOVING TO HAWAII (AND WHY There’s a movement taking place amongst our generation. A movement that says, “Don’t work at a job you hate just because it pays well.”. Today, I interview someone who, after 14-years of working the corporate life, has decided to leave their full-time job HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOGANDY HILL MARRIAGE KIDS AND MONEYMARRIAGE KIDS AND MONEY PODCASTMARRIAGE AND FINANCES RELATIONSHIP and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! $400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP)THE RACIAL WEALTH GAPUNDERSTANDING THE RACIAL WEALTH GAPTHE RACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP CHARTRACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP OVER TIME In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW TO ACHIEVE FINANCIAL INDEPENDENCE AND RETIRE EARLY Like running a marathon, becoming debt free or losing 100 pounds, they require focus, patience and a whole lot of perseverance. This monumental financial status allows you the freedom to do what you want when you want and have the location independence you desire. Author Deacon Hayes joins me today to talk about his new book, You Can Retire

Early!

WHEN AN 18-YEAR OLD LEARNS HOW TO BECOME A MILLIONAIRE Investing in low cost index funds at 18-years old is an excellent way to become a millionaire and retire comfortably. Since not all of us are 18, I'm sharing 5 easy ways for us to have a comfortable retirement and reach 7-figure status as well. HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOGANDY HILL MARRIAGE KIDS AND MONEYMARRIAGE KIDS AND MONEY PODCASTMARRIAGE AND FINANCES RELATIONSHIP and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! $400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP)THE RACIAL WEALTH GAPUNDERSTANDING THE RACIAL WEALTH GAPTHE RACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP CHARTRACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP OVER TIME In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW TO ACHIEVE FINANCIAL INDEPENDENCE AND RETIRE EARLY Like running a marathon, becoming debt free or losing 100 pounds, they require focus, patience and a whole lot of perseverance. This monumental financial status allows you the freedom to do what you want when you want and have the location independence you desire. Author Deacon Hayes joins me today to talk about his new book, You Can Retire

Early!

WHEN AN 18-YEAR OLD LEARNS HOW TO BECOME A MILLIONAIRE Investing in low cost index funds at 18-years old is an excellent way to become a millionaire and retire comfortably. Since not all of us are 18, I'm sharing 5 easy ways for us to have a comfortable retirement and reach 7-figure status as well. HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each HOW TO START INVESTING TODAY IN 10 SIMPLE STEPS Photo by Zach Betten on Unsplash. Now that we’ve talked about where to invest, let’s talk about how to invest. If you want to keep things simple because you have a million other things to worry about, I’d recommend looking into index funds.. Index funds track an index, like the S&P 500, and they mirror their performance. MORTGAGE PAYOFF STATEMENT: WHAT IS IT AND WHY DO I NEED ONE? This is a copy of our family's Mortgage Payoff Statement. Let's pay this thing off! Why Do I Need a Mortgage Payoff Statement? Perhaps you’ve been paying down your mortgage for a while and you're ready to completely pay it off. Requesting a mortgage payoff statement is

the first step in

WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. 26 SMART WAYS FOR MOMS AND DADS TO MAKE MORE MONEY 8. Public Speaking. While many people list public speaking as their biggest fear, if you are comfortable speaking in front of groups of people, you can make money as a public speaker. You can get hired by events, conferences, schools, universities, corporations, and more. 9. HOW TO INVEST ON YOUR OWN WITHOUT A FINANCIAL ADVISOR With this new knowledge, you can have more engaged conservations with a fee-only financial advisor and you’ll feel more equipped to invest on your own if you choose to. If you’d prefer to listen to your books instead of reading them, try Audible for free for 30 days. I love it. 3. Choose a Low-Cost Brokerage Firm. HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. 140 EMPOWERING QUOTES ABOUT MONEY AND PERSONAL FINANCE Quotes About Making Money. “Diligence is the mother of good luck.”. — Benjamin Franklin. “What you do speaks so loudly that I cannot hear what you say.”. — Ralph Waldo Emerson. “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP) In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

HOW WE PAID OFF OUR MORTGAGE IN 5 YEARS 15-Year Mortgage ($161,400 – $11,977 = $149,423) We decided to go with a 15-year mortgage to allow for higher principal payments and an overall shorter window for paying it all off. We got a 3% fixed rate with no points. Going with a 15-year mortgage versus HOW TO INCREASE YOUR NET WORTH TO $1,000,000 IN 10 YEARS Funded our daughter's 529 Savings Account with $10,000 when she was born. Traveled to Puerto Rico for a nice getaway over the holidays. ** Net Worth Total (February 2013) = $210,000 **. 6. Get a 15-Year Mortgage. When we finally bought our dream home, the cash savings we amassed allowed us to put down 45%. HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOGANDY HILL MARRIAGE KIDS AND MONEYMARRIAGE KIDS AND MONEY PODCASTMARRIAGE AND FINANCES RELATIONSHIP and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! $400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP)THE RACIAL WEALTH GAPUNDERSTANDING THE RACIAL WEALTH GAPTHE RACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP CHARTRACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP OVER TIME In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW TO ACHIEVE FINANCIAL INDEPENDENCE AND RETIRE EARLY Like running a marathon, becoming debt free or losing 100 pounds, they require focus, patience and a whole lot of perseverance. This monumental financial status allows you the freedom to do what you want when you want and have the location independence you desire. Author Deacon Hayes joins me today to talk about his new book, You Can Retire

Early!

WHEN AN 18-YEAR OLD LEARNS HOW TO BECOME A MILLIONAIRE Investing in low cost index funds at 18-years old is an excellent way to become a millionaire and retire comfortably. Since not all of us are 18, I'm sharing 5 easy ways for us to have a comfortable retirement and reach 7-figure status as well. HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOGANDY HILL MARRIAGE KIDS AND MONEYMARRIAGE KIDS AND MONEY PODCASTMARRIAGE AND FINANCES RELATIONSHIP and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! $400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP)THE RACIAL WEALTH GAPUNDERSTANDING THE RACIAL WEALTH GAPTHE RACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP CHARTRACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP OVER TIME In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW TO ACHIEVE FINANCIAL INDEPENDENCE AND RETIRE EARLY Like running a marathon, becoming debt free or losing 100 pounds, they require focus, patience and a whole lot of perseverance. This monumental financial status allows you the freedom to do what you want when you want and have the location independence you desire. Author Deacon Hayes joins me today to talk about his new book, You Can Retire

Early!

WHEN AN 18-YEAR OLD LEARNS HOW TO BECOME A MILLIONAIRE Investing in low cost index funds at 18-years old is an excellent way to become a millionaire and retire comfortably. Since not all of us are 18, I'm sharing 5 easy ways for us to have a comfortable retirement and reach 7-figure status as well. HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each HOW TO START INVESTING TODAY IN 10 SIMPLE STEPS Photo by Zach Betten on Unsplash. Now that we’ve talked about where to invest, let’s talk about how to invest. If you want to keep things simple because you have a million other things to worry about, I’d recommend looking into index funds.. Index funds track an index, like the S&P 500, and they mirror their performance. MORTGAGE PAYOFF STATEMENT: WHAT IS IT AND WHY DO I NEED ONE? This is a copy of our family's Mortgage Payoff Statement. Let's pay this thing off! Why Do I Need a Mortgage Payoff Statement? Perhaps you’ve been paying down your mortgage for a while and you're ready to completely pay it off. Requesting a mortgage payoff statement is

the first step in

WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. 26 SMART WAYS FOR MOMS AND DADS TO MAKE MORE MONEY 8. Public Speaking. While many people list public speaking as their biggest fear, if you are comfortable speaking in front of groups of people, you can make money as a public speaker. You can get hired by events, conferences, schools, universities, corporations, and more. 9. HOW TO INVEST ON YOUR OWN WITHOUT A FINANCIAL ADVISOR With this new knowledge, you can have more engaged conservations with a fee-only financial advisor and you’ll feel more equipped to invest on your own if you choose to. If you’d prefer to listen to your books instead of reading them, try Audible for free for 30 days. I love it. 3. Choose a Low-Cost Brokerage Firm. HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. 140 EMPOWERING QUOTES ABOUT MONEY AND PERSONAL FINANCE Quotes About Making Money. “Diligence is the mother of good luck.”. — Benjamin Franklin. “What you do speaks so loudly that I cannot hear what you say.”. — Ralph Waldo Emerson. “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP) In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

HOW WE PAID OFF OUR MORTGAGE IN 5 YEARS 15-Year Mortgage ($161,400 – $11,977 = $149,423) We decided to go with a 15-year mortgage to allow for higher principal payments and an overall shorter window for paying it all off. We got a 3% fixed rate with no points. Going with a 15-year mortgage versus HOW TO INCREASE YOUR NET WORTH TO $1,000,000 IN 10 YEARS Funded our daughter's 529 Savings Account with $10,000 when she was born. Traveled to Puerto Rico for a nice getaway over the holidays. ** Net Worth Total (February 2013) = $210,000 **. 6. Get a 15-Year Mortgage. When we finally bought our dream home, the cash savings we amassed allowed us to put down 45%. HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOGANDY HILL MARRIAGE KIDS AND MONEYMARRIAGE KIDS AND MONEY PODCASTMARRIAGE AND FINANCES RELATIONSHIP and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

$400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. RECESSION-PROOF: FROM BANKRUPT TO YOUNG MILLIONAIRE IN 10 In March of 2019, he crested the million-dollar mark in his net worth. Despite the Great Recession and his bankruptcy, Patrick became a young millionaire. Then, July of that same year, he essentially doubled his credit score. After filing for bankruptcy, he says his credit score

was around 415.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOGANDY HILL MARRIAGE KIDS AND MONEYMARRIAGE KIDS AND MONEY PODCASTMARRIAGE AND FINANCES RELATIONSHIP and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

$400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. RECESSION-PROOF: FROM BANKRUPT TO YOUNG MILLIONAIRE IN 10 In March of 2019, he crested the million-dollar mark in his net worth. Despite the Great Recession and his bankruptcy, Patrick became a young millionaire. Then, July of that same year, he essentially doubled his credit score. After filing for bankruptcy, he says his credit score

was around 415.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each HOW TO START INVESTING TODAY IN 10 SIMPLE STEPS Photo by Zach Betten on Unsplash. Now that we’ve talked about where to invest, let’s talk about how to invest. If you want to keep things simple because you have a million other things to worry about, I’d recommend looking into index funds.. Index funds track an index, like the S&P 500, and they mirror their performance. PODCAST – MARRIAGE KIDS & MONEY Andy Hill is the award-winning blogger and podcaster behind Marriage Kids and Money which is dedicated to helping young families build wealth and thrive.. Andy's personal finance experience has been featured in major media outlets like CNBC, Business Insider, MarketWatch and NBC News.Trusted as a personal finance influencer by national financial brands, Andy’s message of family INDEX FUNDS VS. INDIVIDUAL STOCKS: HOW TO KEEP INVESTING More risk involved. When you buy single stocks, you take a bigger risk than if you buy index funds. Investing in individual stocks is essentially picking which companies will be the future winners. Electric (GE) ‘s average stock price was around $51. The stock price progressively declined and traded at 26 SMART WAYS FOR MOMS AND DADS TO MAKE MORE MONEY 8. Public Speaking. While many people list public speaking as their biggest fear, if you are comfortable speaking in front of groups of people, you can make money as a public speaker. You can get hired by events, conferences, schools, universities, corporations, and more. 9. THE DISADVANTAGES OF PAYING OFF YOUR MORTGAGE Con #2: Less Liquidity. Another counterpoint to a paid off house is less liquidity. Again, I could not agree more. Our home is paid off and it’s valued around $450,000. That’s $450,000 that we can’t touch, invest or use unless we sell the home or borrow from it with a Home Equity Line of Credit. HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. THE TOP 3 REASONS MARRIAGES END (AND HOW TO PREVENT IT 30. One of the most important decisions anyone can make is who you choose to spend your life with. Marriage impacts us emotionally, socially, legally, financially, and in so many other ways. While the divorce rate in America is dropping, so is the marriage rate. That means married couples understand marriage is important, we might not

know

HOW WE PAID OFF OUR MORTGAGE IN 5 YEARS 15-Year Mortgage ($161,400 – $11,977 = $149,423) We decided to go with a 15-year mortgage to allow for higher principal payments and an overall shorter window for paying it all off. We got a 3% fixed rate with no points. Going with a 15-year mortgage versus WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP) In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

WHEN AN 18-YEAR OLD LEARNS HOW TO BECOME A MILLIONAIRE Investing in low cost index funds at 18-years old is an excellent way to become a millionaire and retire comfortably. Since not all of us are 18, I'm sharing 5 easy ways for us to have a comfortable retirement and reach 7-figure status as well. HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOGANDY HILL MARRIAGE KIDS AND MONEYMARRIAGE KIDS AND MONEY PODCASTMARRIAGE AND FINANCES RELATIONSHIP and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! $400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP)THE RACIAL WEALTH GAPUNDERSTANDING THE RACIAL WEALTH GAPTHE RACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP CHARTRACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP OVER TIME In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW TO ACHIEVE FINANCIAL INDEPENDENCE AND RETIRE EARLY Like running a marathon, becoming debt free or losing 100 pounds, they require focus, patience and a whole lot of perseverance. This monumental financial status allows you the freedom to do what you want when you want and have the location independence you desire. Author Deacon Hayes joins me today to talk about his new book, You Can Retire

Early!

WHEN AN 18-YEAR OLD LEARNS HOW TO BECOME A MILLIONAIRE Investing in low cost index funds at 18-years old is an excellent way to become a millionaire and retire comfortably. Since not all of us are 18, I'm sharing 5 easy ways for us to have a comfortable retirement and reach 7-figure status as well. HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOGANDY HILL MARRIAGE KIDS AND MONEYMARRIAGE KIDS AND MONEY PODCASTMARRIAGE AND FINANCES RELATIONSHIP and live financially free. If you're looking to take your young family to the next level and experience more wealth and happiness, you're in the right place. This isn't about becoming rich, it's about developing the life you've always dreamed of. A life of financial freedom and a family legacy that will last for generations. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Here are 5 major money mistakes I’ve made in my life. Hopefully, by sharing these money mistakes, it’ll help you avoid them in the future. 1. Buying an Expensive Home I Couldn’t Afford. In 2004, I bought my first home. I was so proud to be a homeowner at 22 years old. My First House! $400,000 HOME PAID OFF IN LESS THAN 4 YEARS Huge Down Payment ($350,000 – $155,000 = $195,000) By living on a consistent monthly budget and saving over 50% of our income for multiple years, we were able to amass $155,000 for our down payment. This was essentially 45% down on the new house! We figured, the less mortgage we had, the quicker we’d be able to pay it off. 10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE If paying off your mortgage sounds interesting to you, here are 10 compelling benefits of a paid off house. 1. Decreased Annual Living Expenses. According to the US Department of Labor, the largest expense in the typical American family’s household budget is their mortgage

or rent.

WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP)THE RACIAL WEALTH GAPUNDERSTANDING THE RACIAL WEALTH GAPTHE RACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP CHARTRACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP OVER TIME In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY Cut your mortgage into thin strips. Mix one cup of flour and one cup of water. You may need to double or triple this amount depending on the size of your balloon. Dip mortgage papers in the flour-water mixture and place them on the balloon. Set your paper mache covered

balloon off to

HOW TO ACHIEVE FINANCIAL INDEPENDENCE AND RETIRE EARLY Like running a marathon, becoming debt free or losing 100 pounds, they require focus, patience and a whole lot of perseverance. This monumental financial status allows you the freedom to do what you want when you want and have the location independence you desire. Author Deacon Hayes joins me today to talk about his new book, You Can Retire

Early!

WHEN AN 18-YEAR OLD LEARNS HOW TO BECOME A MILLIONAIRE Investing in low cost index funds at 18-years old is an excellent way to become a millionaire and retire comfortably. Since not all of us are 18, I'm sharing 5 easy ways for us to have a comfortable retirement and reach 7-figure status as well. HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Once you've determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him) You could break that up the amount for each HOW TO START INVESTING TODAY IN 10 SIMPLE STEPS Photo by Zach Betten on Unsplash. Now that we’ve talked about where to invest, let’s talk about how to invest. If you want to keep things simple because you have a million other things to worry about, I’d recommend looking into index funds.. Index funds track an index, like the S&P 500, and they mirror their performance. MORTGAGE PAYOFF STATEMENT: WHAT IS IT AND WHY DO I NEED ONE? This is a copy of our family's Mortgage Payoff Statement. Let's pay this thing off! Why Do I Need a Mortgage Payoff Statement? Perhaps you’ve been paying down your mortgage for a while and you're ready to completely pay it off. Requesting a mortgage payoff statement is

the first step in

WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. 26 SMART WAYS FOR MOMS AND DADS TO MAKE MORE MONEY 8. Public Speaking. While many people list public speaking as their biggest fear, if you are comfortable speaking in front of groups of people, you can make money as a public speaker. You can get hired by events, conferences, schools, universities, corporations, and more. 9. HOW TO INVEST ON YOUR OWN WITHOUT A FINANCIAL ADVISOR With this new knowledge, you can have more engaged conservations with a fee-only financial advisor and you’ll feel more equipped to invest on your own if you choose to. If you’d prefer to listen to your books instead of reading them, try Audible for free for 30 days. I love it. 3. Choose a Low-Cost Brokerage Firm. HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. 140 EMPOWERING QUOTES ABOUT MONEY AND PERSONAL FINANCE Quotes About Making Money. “Diligence is the mother of good luck.”. — Benjamin Franklin. “What you do speaks so loudly that I cannot hear what you say.”. — Ralph Waldo Emerson. “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP) In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

HOW WE PAID OFF OUR MORTGAGE IN 5 YEARS 15-Year Mortgage ($161,400 – $11,977 = $149,423) We decided to go with a 15-year mortgage to allow for higher principal payments and an overall shorter window for paying it all off. We got a 3% fixed rate with no points. Going with a 15-year mortgage versus HOW TO INCREASE YOUR NET WORTH TO $1,000,000 IN 10 YEARS Funded our daughter's 529 Savings Account with $10,000 when she was born. Traveled to Puerto Rico for a nice getaway over the holidays. ** Net Worth Total (February 2013) = $210,000 **. 6. Get a 15-Year Mortgage. When we finally bought our dream home, the cash savings we amassed allowed us to put down 45%. HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOGANDY HILL MARRIAGE KIDS AND MONEYMARRIAGE KIDS AND MONEY PODCASTMARRIAGE AND FINANCES RELATIONSHIP Do you want to achieve help your young family build wealth and achieve financial independence? Marriage, Kids and Money is the place for you. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Lately, I realized that I’ve been sharing a lot of really great things that are going on in my life (paying off our mortgage early, net worth wins and transitioning to my small business full-time).While that news fun to share and can be motivating for those of you reading my blog, I think it’s also important to share some of my money

mistakes as well.

10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE 10 years later, our net worth has grown to over $1,000,000 through simple investing strategies, increasing our income, and focused debt destruction. Without a mortgage, our net worth continued to soar. (We track our net worth through a free service called Personal Capital)..

5.

WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP)THE RACIAL WEALTH GAPUNDERSTANDING THE RACIAL WEALTH GAPTHE RACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP CHARTRACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP OVER TIME The racial wealth gap in our country has a tragic history. Anne-Lyse Wealth shares how the gap came to be and what we can do to close it. $400,000 HOME PAID OFF IN LESS THAN 4 YEARS 2014 Mortgage Pay Down Details Sale of Last Home ($195,000 – $33,600 = $161,400) After living in my 1,100 square foot bachelor pad for nearly 10 years, Nicole and I WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY After paying off our mortgage, we wanted to celebrate this big occasion in our lives. Here are 4 fun ways that we decided to celebrate our complete debt freedom as a family. HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Related Podcast: How Do I Get My Spouse on Board with Budgeting?. Option 2: One Account with Budget Categories. Combine all of your earnings into one joint checking account; Create categories in a budgeting system like Mint (or fav), Tiller, Personal Capital or Honeyfi that allow you to have the same freedom and autonomy as separate checking accounts without all of the hassles of WHEN AN 18-YEAR OLD LEARNS HOW TO BECOME A MILLIONAIRE Investing in low cost index funds at 18-years old is an excellent way to become a millionaire and retire comfortably. Since not all of us are 18, I'm sharing 5 easy ways for us to have a comfortable retirement and reach 7-figure status as well. WHY I DID A 401K ROLLOVER AFTER LEAVING MY JOB (AND HOW I After I left my old job, I had to decide what to do with my 401k. I decided to move it to an IRA and I'm glad that I did. Here's why it was a smart move and how I got it done fairly quickly. HOME – MARRIAGE KIDS & MONEYABOUTRESOURCESWORK WITH MECONTACTPODCASTBLOGANDY HILL MARRIAGE KIDS AND MONEYMARRIAGE KIDS AND MONEY PODCASTMARRIAGE AND FINANCES RELATIONSHIP Do you want to achieve help your young family build wealth and achieve financial independence? Marriage, Kids and Money is the place for you. 5 MAJOR MONEY MISTAKES I'VE MADE (AND HOW YOU CAN AVOID THEM) Lately, I realized that I’ve been sharing a lot of really great things that are going on in my life (paying off our mortgage early, net worth wins and transitioning to my small business full-time).While that news fun to share and can be motivating for those of you reading my blog, I think it’s also important to share some of my money

mistakes as well.

10 INCREDIBLE BENEFITS OF A PAID OFF HOUSE 10 years later, our net worth has grown to over $1,000,000 through simple investing strategies, increasing our income, and focused debt destruction. Without a mortgage, our net worth continued to soar. (We track our net worth through a free service called Personal Capital)..

5.

WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP)THE RACIAL WEALTH GAPUNDERSTANDING THE RACIAL WEALTH GAPTHE RACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP CHARTRACIAL WEALTH GAP EXPLAINEDRACIAL WEALTH GAP OVER TIME The racial wealth gap in our country has a tragic history. Anne-Lyse Wealth shares how the gap came to be and what we can do to close it. $400,000 HOME PAID OFF IN LESS THAN 4 YEARS 2014 Mortgage Pay Down Details Sale of Last Home ($195,000 – $33,600 = $161,400) After living in my 1,100 square foot bachelor pad for nearly 10 years, Nicole and I WHAT TO DO AFTER YOU PAY OFF YOUR MORTGAGE: THESE 10 STEPS 1. Request a Mortgage Payoff Statement. I thought we could just send in the last mortgage payment and we’d be all set. Nope! Evidently, you need to call your mortgage company and verbally request a “mortgage payoff statement”. A mortgage payoff statement is a document that details your loan balance – how much you owe on your

mortgage.

HOW TO CELEBRATE PAYING OFF YOUR MORTGAGE EARLY After paying off our mortgage, we wanted to celebrate this big occasion in our lives. Here are 4 fun ways that we decided to celebrate our complete debt freedom as a family. HOW DO WE SPLIT EXPENSES AS A MARRIED COUPLE? Related Podcast: How Do I Get My Spouse on Board with Budgeting?. Option 2: One Account with Budget Categories. Combine all of your earnings into one joint checking account; Create categories in a budgeting system like Mint (or fav), Tiller, Personal Capital or Honeyfi that allow you to have the same freedom and autonomy as separate checking accounts without all of the hassles of WHEN AN 18-YEAR OLD LEARNS HOW TO BECOME A MILLIONAIRE Investing in low cost index funds at 18-years old is an excellent way to become a millionaire and retire comfortably. Since not all of us are 18, I'm sharing 5 easy ways for us to have a comfortable retirement and reach 7-figure status as well. WHY I DID A 401K ROLLOVER AFTER LEAVING MY JOB (AND HOW I After I left my old job, I had to decide what to do with my 401k. I decided to move it to an IRA and I'm glad that I did. Here's why it was a smart move and how I got it done fairly quickly. HOW TO START INVESTING TODAY IN 10 SIMPLE STEPS Photo by Zach Betten on Unsplash. Now that we’ve talked about where to invest, let’s talk about how to invest. If you want to keep things simple because you have a million other things to worry about, I’d recommend looking into index funds.. Index funds track an index, like the S&P 500, and they mirror their performance. 26 SMART WAYS FOR MOMS AND DADS TO MAKE MORE MONEY 8. Public Speaking. While many people list public speaking as their biggest fear, if you are comfortable speaking in front of groups of people, you can make money as a public speaker. You can get hired by events, conferences, schools, universities, corporations, and more. 9. MORTGAGE PAYOFF STATEMENT: WHAT IS IT AND WHY DO I NEED ONE? This is a copy of our family's Mortgage Payoff Statement. Let's pay this thing off! Why Do I Need a Mortgage Payoff Statement? Perhaps you’ve been paying down your mortgage for a while and you're ready to completely pay it off. Requesting a mortgage payoff statement is

the first step in

WHAT IS THE BEST WAY TO INVEST FOR MY CHILD'S FUTURE? Put in a conservative 7% interest rate. Hit “Calculate”. Take that total amount and multiply it by 4% to understand how much you can safely live on in retirement. (ex. $1,000,000 x 4% = $40,000 per year) Ask yourself if you can live on that amount comfortably in retirement. HOW TO INVEST ON YOUR OWN WITHOUT A FINANCIAL ADVISOR With this new knowledge, you can have more engaged conservations with a fee-only financial advisor and you’ll feel more equipped to invest on your own if you choose to. If you’d prefer to listen to your books instead of reading them, try Audible for free for 30 days. I love it. 3. Choose a Low-Cost Brokerage Firm. HOW THIS TEACHER MADE A MILLION DOLLARS IN THE STOCK Ever want to know how regular people make a million dollars in the stock market? High school teacher Brian Weitzel tells us how he did it. By age 35, high school teacher Brian Weitzel already had a net worth of a million dollars, a successful photography business, several rental properties, and a padded nest egg. Before 40, he's amassed a million-dollar investment portfolio. WHY THE RACIAL WEALTH GAP EXISTS (AND WHAT YOU CAN DO TO HELP) In, “ The economic impact of closing the racial wealth gap, ” McKinsey & Company highlights that the racial wealth gap between a White family and a Black family grew from $100,000 in 1992, to $154,000 in 2016. According to a recent study by Northwestern University for every dollar a White family has, a Black family has one

cent.

140 EMPOWERING QUOTES ABOUT MONEY AND PERSONAL FINANCE Quotes About Making Money. “Diligence is the mother of good luck.”. — Benjamin Franklin. “What you do speaks so loudly that I cannot hear what you say.”. — Ralph Waldo Emerson. “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark HOW WE PAID OFF OUR MORTGAGE IN 5 YEARS 15-Year Mortgage ($161,400 – $11,977 = $149,423) We decided to go with a 15-year mortgage to allow for higher principal payments and an overall shorter window for paying it all off. We got a 3% fixed rate with no points. Going with a 15-year mortgage versus HOW TO INCREASE YOUR NET WORTH TO $1,000,000 IN 10 YEARS Funded our daughter's 529 Savings Account with $10,000 when she was born. Traveled to Puerto Rico for a nice getaway over the holidays. ** Net Worth Total (February 2013) = $210,000 **. 6. Get a 15-Year Mortgage. When we finally bought our dream home, the cash savings we amassed allowed us to put down 45%.

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BEST BUDGET APPS (2021): 15 CHEAP OR FREE ONLINE BUDGETING APPS

FEBRUARY 4, 2021

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There are mobile apps for just about everything nowadays. This includes online budgeting apps designed to help you improve your

personal finances.

Using a budget is an excellent way to eliminate debt, save money, and reach your financial goals faster. With new budgeting apps available to download every year, which ones are the best for you and your family to improve your finances? Here are 15 online budgeting apps that we like. EXPLORE TOP ONLINE BUDGETING APPS

MINT

One of the most established budgeting apps, Mint allows you to sync your accounts so you can tracking spending in real-time. Users can create categories to break down spending further, which allows you to analyze your budget in a way other apps don’t. Mint also lets you track bills and set alerts so you never miss a payment. If that wasn’t enough, you can also check your credit score for free through Mint. Lastly, you can receive budget suggestions if you need some extra help setting yourself up for success. PRICE: Free_ (ad supported_) _RELATED ARTICLE__: __Create Your Budget on Mint in 10 Simple Steps_

PERSONAL CAPITAL

If you are looking for a comprehensive money management program, Personal Capital is a solid choice for your family. Like other apps, you link your bank and investment accounts to be able to track spending, saving, see current balances, and check on portfolio performance. Personal Capital’s app is free to use, but they are looking to upsell you to their other financial services. The good news is you don’t have to upgrade to use their app, which is available on most

devices.

PRICE: Free _(will try to sell you financial services)_ RELATED POST: Why You Should Track Your Net Worth (And How to Do It

Easily)

RELATED POST: Personal Capital Review: Free Tools to Help You Build

Wealth

YNAB

_You Need A Budget_ (YNAB ) is budgeting software that allows you to set up and track budgets seamlessly on any device. They allow you to sync your bank accounts

easily to the app.

One of the best features is the ability to set and track financial goals. YNAB will break down how to reach those goals, which is

extremely helpful.

Get the support you need as well, through forums, easy to use guides, weekly videos, podcasts, and live workshops. YNAB is free to use for 34 days, then just $11.99 a month. YNAB users average $6,000 in savings in their first year of use, which makes the monthly charge a great investment. PRICE: $11.99 per month / $84 per year RELATED INTERVIEW: You Need a Budget (And Here's Why) – with Jesse

Mecham

TILLER

Tiller is the budgeting app that isn’t actually an app. Wait, what?! Tiller believes in the power of spreadsheets. Their research shows people are more aware of their financial habits using spreadsheets over a “one size fits all” app. Tiller automatically updates Google Sheets and Excel daily with all your spending, balances and

more.

Use customized templates that fit your needs. Because it’s cloud-based, you can access your information from anywhere on any device and also share access with your spouse. Tiller works with 21,000 financial sources so all your accounts are covered. Tiller will improve your financial awareness without all the manual entry normally needed with keeping spreadsheets. It’s the best of

both worlds.

PRICE: Start with a free 30-day trial and then pay just $6.58 a

month ($79/year).

RELATED POST: Mint vs. Tiller: Which Budgeting Tool is Better for You? RELATED POST: Tiller Money Review: Take Your Spreadsheet Budget to the

Next Level

ZETA

Looking for a budgeting app that caters to couples? Zeta

has you covered.

Zeta allows you to track all of your accounts, whether they are personal or shared. You can track spending, set financial goals, and

budget together.

I love that you can tag your partner on specific transactions. Other features include bill reminders and money coaching. Zeta now has a joint bank account that has no fees and no account minimums. It also comes with debit cards and has a built-in financial

assistant.

PRICE: Free

RELATED ARTICLE: _Zeta Review: Personal Finance Budgeting App for

Couples

_

HONEYFI

Similar to Zeta, Honeyfi is a budgeting app with couples in mind. Family finances are always more successful when both partners are actively invested in money management. You can create a customized budget and set up payment alerts right on your phone. What makes Honeyfi different from other online budgeting apps is their commitment to communication with the ability to share notes on transactions with your spouse. Honeyfi gets everyone on the same page, saves time (and money) and gets you closer to achieving all your financial goals together. PRICE: $60 per year (or $5 per month) RELATED ARTICLE: _Honeyfi Review: Budgeting App for Couples_

EVERYDOLLAR

This popular budgeting app comes from Dave Ramsey

. You can start

by creating an account and then set up your zero-based budget. EveryDollar offers a free version and a paid version (EveryDollar Plus). EveryDollar is now part of Ramsey+. Unfortunately, you can only connect to your bank and view account balances in the paid version. The free version still allows you to create unlimited budgets, track expenses against your budgets, and get email support. Your EveryDollar account comes with a free trial of EveryDollar Plus, which costs $129.99 a year after the trial ends. PRICE: EveryDollarPlus with Ramsey+ $59.99 per 3 months, $99.99 per 6 months, $129.99 per year RELATED ARTICLE: _How to Save $1,000 in Dave Ramsey's Baby Step 1

_

MVELOPES

Are you familiar with the envelope system for budgeting money? The concept of envelope budgeting works, but most people don’t actually handle cash very often anymore. Mvelopes takes that concept and digitizes it with their

budgeting app.

With Mvelopes, you can split up your money into different categories. You can connect your bank account and track your income and expenses. The Mvelopes app also allows you to set a monthly budget and savings

goals.

PRICE: Mvelopes offers 3 different plans: * Basic: $5.97/month * Premier: $9.97/month

* Plus $19.97/month

Mvelopes Plus and Complete include varying amounts of live financial coaching help as part of their package.

QUBE MONEY

Another budgeting app that uses the envelope system model is Qube Money (formerly known as Proactive Budget). Qube simplifies budgeting by splitting your money into several digital accounts, giving every dollar a job. Qube stands out from other top online budgeting apps. One reason is that customers also receive a Qube debit card. They transfer money to the card and then categorize every dollar into virtual envelopes, called qubes. When it’s time to make a purchase, open the app, and choose which qube you want to pull money from before using your card. As a safeguard, your card is declined if you skip this step. While Qube is a bit more extreme than other budgeting apps, it works. It tracks all of your spending too, so you don’t have to worry about forgetting any details. Qube now offers lifetime memberships, with options for companion and kid cards. The Qube card requires you to choose a qube through your smartphone. There could be potential issues if you don’t have your phone at the time of purchase or have trouble connecting to the app. PRICE: Qube Money offers 4 different plans:

* Basic: $0

* Premium: $8/month

* Family: $15/month

* Platinum: $25/month Related Video: Why Digital Cash Envelope Budgeting Wins

COUNTABOUT

For a simple budgeting tool to use, check out CountAbout . It’s a web-based budgeting tool that allows users to import from other programs like Quicken and Mint. Users can quickly sync account information from your bank and other financial institutions. Other helpful features include:

* Budgeting

* Scheduling payment

* Tracking payments

* Financial Reports

* Recurring transactions * Attaching receipts and images Access to specific features depends on whether you have the basic version and a premium version of CountAbout. There’s also an add-on feature for small business owners for an extra fee. CountAbout is also available on iOS and Android for budgeting on the

go.

PRICE: CountAbout offers 2 different plans:

* Basic: $9.99/year

* Premium: $39.99/year * Other add-ons available for a cost

WALLY

Wally is a simple budgeting app that allows you to follow expenses, create a working budget

,

and set financial goals for yourself. It is completely free, although they are working on an upgraded version they will release in the future that will have a fee. Some of the better features of Wally include the ability to save frequent shopping locations for easier data entry as well as assigning recurring income and expenses within the app. Wally also allows you to scan and save receipts. If you are looking for an app that offers more than just budgeting or can connect to your accounts, one of the other options on our list might serve you better

than Wally.

PRICE: Free

POCKETGUARD

Pocketguard is another budgeting app. This one allows users to link their accounts to the app to track spending,

including:

* Bank accounts

* Investment accounts

* Loans

* Credit cards

With Pocketguard, you can build a customized budget based on your spending habits. One nice feature is that it lets you know when you have leftover “pocket” money after paying bills and other expenses. Pocketguard allows you to set savings goals, like paying off debt or adding money to investment accounts. You can link a goal and goal account, and Pocketguard will deduct from it monthly from your

pocket money.

Pocketguard is relatively easy to use and features charts and graphs to help you visualize where your money is going and what to watch for

in the future.

The budgeting app also makes suggestions on how users can save money through partner financial services. PRICE: Pocketguard offers 2 different plans:

* Free: $0

* Pocketguard Plus: $4.99/month, $10.99/quarter, or $34.99 annually

HONEYDUE

Honeydue is one of the best budgeting apps available for couples. Maybe you have separate bank accounts or perhaps you've joined your

accounts together

.

Possibly, you have a combination of the two. Honeydue can tackle it all and help you and your partner get on the same page screen

financially.

After downloading the app and creating an account, both partners choose which accounts to add. Options include checking, savings, credit cards, loans, and investments. The more accounts you connect, the more of your financial picture you can see in one place. Of course, if you're looking to keep some things private (no ruined birthday surprises, for instance!), you can customize what information is available to your partner. As you make different transactions, the app will record them for you. Additionally, you do have the option of customizing the transactions

as well.

Find Honeydue in the App Store for iPhones and on Google Play for

Android users.

PRICE: Free

GOODBUDGET

You may be wary of linking all of your financial accounts with your online budget. The good news is you don’t have to. That’s where Goodbudget comes in. Goodbudget is like other budgeting apps that utilize the envelope system. Instead of syncing up your personal accounts, users manually enter information. Yes, it’s more work, but it also keeps you fully invested in what’s going on with your money. It’s a nice middle ground between fully-automated budgeting and reverting to paper envelopes and a pencil. Goodbudget has a free version, as well as a paid version, which gives you unlimited envelope categories and customer support through

email.

Using a less automated app requires discipline for sure, so if that’s not you, opt for an app that does the work for you. But sometimes doing the work yourself allows you to see where your money is falling through the cracks. PRICE: Goodbudget offers 2 different plans:

* Free: $0

* Plus Plan: $7/month or $60/year

SIMPLIFI BY QUICKEN

Recently named the best budgeting app by Wirecutter, Simplifi rounds out our list of top online budgeting apps. This budgeting tool aims to help users in four main ways. Use Simplifi

to…

* Get a broad view of your finances overall. * Track your spending and monitor areas of overspending. * Set and reach savings goals. * Plan for short-term and long-term goals, savings and otherwise. PRICE: $39.99 billed annually or $3.99 per month WHICH OF THE TOP ONLINE BUDGETING APPS IS BEST FOR YOU? Regardless of what method of budgeting you use, the above apps can help you gain control of your family finances. Like any financial tool, these apps only work if you give them the attention they need to work properly. Some financial apps require more work upfront, connecting accounts and setting goals. Others are more

straightforward.

Most of the apps listed are either free or offer a free trial so you can test them and see what works best for you. ------------------------- WHICH ONE OF THESE ONLINE BUDGETING APPS ARE YOUR FAVORITE? PLEASE LET US KNOW IN THE COMMENTS BELOW! ------------------------- -------------------------

KEVIN PAYNE

Kevin Payne is a freelance writer specializing in personal finance and travel. He is a regular contributor to Forbes, The Ascent, Student Loan Planner, and FinanceBuzz. His work has also been seen on sites such Credit Karma and Millennial Money. Kevin is the budget and family travel expert behind FamilyMoneyAdventure.com.

6 COMMENTS

*

Financialpilgrimage.com

February 18, 2019

Thanks for sharing! We just started using Mint in January as a way to automate tracking our spending. Trying to get a little better all the

time…

Reply

*

Andy Hill February 18, 2019 I LOVE Mint! We’ve been using it for almost 7 years. I look forward to following your next goals!

Reply

*

SG February 19, 2019 I love YNAB and Personal Capital. I still use the old version of YNAB as I paid a one time fee for it (as I refuse to pay for subscriptions – yes, I’m cheap). As for Personal Capital, it’s a nice way to view only our investment and retirement accounts, and I love how it tracks contributions and fees.

Reply

*

Andy Hill February 21, 2019 Personal Capital has helped me a ton to track my net worth and analyze my fees for my retirement portfolio. You can’t argue with the price

of FREE either!

Reply

*

mFino Inc March 26, 2019 Hey, Kevin thanks for sharing this wonderful list of budgets apps. In this era everybody spending money but managing or tracking & keeping records is also important as well in daily life to make personal finance goal easy. Thanks Keep Sharing.

Reply

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