For most college students, financial considerations stop once they receive their financial aid package. However, more financially responsible or savvy spenders are always looking for ways to beef up their finances. And there’s no better time than winter break. As students return home for roughly a month or two, they have limitless opportunities to seize […]
Category: Budgeting
How I’ll Pay Off Over $200K In Student Loans
It’s no secret that the cost of an education is getting out of hand. Estimates put the total amount of student debt in the U.S. at $1.5 trillion. Yikes. With $200,000 in student loans, I am a part of these eye-popping figures. Thankfully, I have a plan to pay off my student loans. While many […]
What Is Compound Interest?
Professional sports is full of stories about young adults becoming millionaires overnight. Sadly, many also seem to go broke overnight. But one player is doing his part to teach his teammates about how to manage their money. Today’s lesson: compound interest. In the clip below, you can see NFL player Carl Nassib explaining the power […]
Healthy Habits – Being Unhealthy is Expensive
Building healthy habits can seem daunting, but being unhealthy is more costly than people realize. It’s no surprise that healthcare is the largest sector of the economy and the #1 employer in the U.S. But sadly, medical bills alone are enough to cripple any well-planned and executed retirement plan. Building healthy habits just seems so […]
Is It Better To Rent Or Buy
Both of us have always rented because we’ve basically been in school our whole lives. But it seems like we spend more and more time on Zillow looking at homes every year. So naturally we always ask ourselves is it better to rent or buy a home. When it comes to buying vs. renting a […]
The Sandwich Generation: The Group You Didn’t Realize You Belonged To
What Is The Sandwich Generation The Sandwich Generation refers to the group of adults who care for their parents while supporting children of their own. This is a concept that most people are familiar with, but don’t realize actually has a formal name. If you are here, there’s a decent chance you are a member […]
5 Personal Finance Lessons I Learned In Medical School
The Finance Twins is run by identical twins, Camilo and Francisco Maldonado. While The Twins collaboratively work on most articles, this one was written by Francisco. One of my first memories was asking my twin brother, Camilo, to play doctor with me. His job would be to fake an illness. Mine was to mend his […]
10 Personal Finance Lessons From Alexander Hamilton
How does a bastard, orphan, son of a whore and a Scotsman, dropped in the middle of a forgotten Spot in the Caribbean by Providence, impoverished, in squalor Grow up to be a hero and a scholar? Alexander Hamilton’s story is nothing short of remarkable. His rise to the top was so swift it became […]
8 Money Mistakes We’ve Made
It’s easy to look at the way other people spend money and pass judgement. “Wow, I can’t believe they spent that much on a meal”, you might say to yourself. And it’s honestly something everyone has done at one point in time. And while it’s easy to judge other people for their habits, it’s a […]
Your Personal Savings Rate – The Most Important Thing You Can Track
We’ve written about the importance of budgeting. And about how critical it is to understand how much money you need for retirement. We’ve even written about how being intentional with your money and prioritizing experiences over physical products will make you happier. But NONE of those things are as important as your personal savings rate. […]