If you’ve read our detailed article on the steps to personal finance, you know that getting out of debt is a key component. It’s critical to pay off your debt because it will hold you back financially and prevent you from building true wealth. But you have to remember that this doesn’t mean you shouldn’t […]
Category: Budgeting
How To Save Money – The Complete Guide
If you don’t know how to save money, that’s okay. Because saving money is hard. Saving money is REALLY hard when you are living paycheck to paycheck. You feel like you are stuck between a rock and hard place and don’t know where to start. It sucks. Trust us, we’ve been there too. If you […]
The Beginner’s Guide to Personal Finance & How To Manage Money
We started The Finance Twins because we were broke growing up and vowed to end the cycle. We didn’t know the first thing about personal finance or how to manage money when we were in high school, but we knew it was important and read everything we could about money for YEARS. The truth is […]
Here Is Why You Need A High Yield Savings Account
If you aren’t earning 2% on your money, you need a high yield savings account now. Yes, you. Let us explain why. Picture yourself on a sweltering summer day in a bustling city like New York. It’s late August and the concrete has absorbed sunlight all day and it’s radiating back at you. It feels […]
You Need An Emergency Fund Now – Here Is Why
“Ahhhh”, I winced in agony, knowing it was too late. My fate had been sealed, or rather the fate of my tires. Thankfully, I had an emergency fund. But first, I had to make sure we were okay. I was driving my brother to drop him off at the airport when I slammed into a […]
7 Finance Experts Share The Best Financial Decisions Of Their Lives
For us, no financial decision was more impactful or transformative than investing in our education. Coming from another country, we knew that we had to take advantage of every opportunity and education was the way we were going to level the playing field. It wasn’t easy, and there were MANY days when we didn’t sleep […]
High Interest Savings Account – Why You Need One
You need a high interest savings account. Yes, all of you. Let us explain why. Listen to this example. Picture yourself on a sweltering summer day in a bustling city like New York. It’s late August and the concrete has absorbed sunlight all day and it’s radiating back at you. It feels like you’re walking […]
Is Your Relationship With Money Broken?
When did Americans’ relationship with money break? Why did saving become the enemy? When the topic of saving money comes up, it seems to have a negative connotation. You’ve probably noticed that it goes something like this: “I’d love to save, but I just can’t afford to.” Instead of something positive like, “I know how important it […]
How To Budget – A Step By Step Guide To Making Your First Budget
Benjamin Franklin famously said, “Failing to plan is planning to fail.” And it wouldn’t surprise us if he were talking about money and how to budget. There seems to be common feeling that if I make a lot of money, I’ll be set. But that’s just not the case. Making money is only half the […]
10 New Year’s Resolutions That Will Bring You More Money And Happiness
1. Make A Monthly Budget We already know what you are thinking. A budget? Really? Yes. A budget. Hear us out here. A budget is the #1 way for the vast majority of people to take control of and transform their relationship with money. If you can’t answer the following questions, then you need a […]