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: Saving Money
The 2019 W4 Form and How to Complete It
The new tax reform resulted in updates to IRS 2019 W4 Form, but that doesn’t mean you necessarily need to make any changes. If you don’t know, the W4 form is the form everyone must fill out before starting a new job. It determines how much federal taxes will be taken out of your pay. […]
How Much Do I Need to Retire?
If you’re like most people, you’ve probably wondered: How much do I need to retire? It’s not easy to know how much you need to retire. You might not even know what you are having for dinner tonight, let alone how much money you’ll need many years from now. But it’s good to think about […]
An Easy Way To Sell Your Old Phone For Extra Cash
If you’ve read our post on how to use Marie Kondo’s KonMari Method then you know we are huge fans of getting rid of junk you no longer use or need. It’s even better when you can make some money off of it as well. If we get a new phone, one of us will […]
Money Can’t Buy Happiness
Bigger, faster, stronger. Newer, nicer, better. We’ve all been conditioned from an early age to seek more. More things. More respect and prestige. And a lot more money. But, what if I told you that money can’t buy happiness? Research shows that after you have enough to cover the basic necessities in life, all of those […]
Rich Vs Wealthy: Here’s Why It’s Better To Be Wealthy
There’s a BIG difference between being rich vs wealthy. But most people don’t realize that. At some point in time the meanings of the words ‘wealthy’ and ‘rich’ merged. Ask your friends the difference between wealthy and rich and you’ll be met with blank stares. Nowadays, most people think that they mean the same thing. […]
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 […]
5 Best Things You Can Do With A Tax Refund
Tax refunds are one of the largest inflows of cash that many families receive at once. This means that knowing the best things to do with your tax refund are super important. If you’re here, you are probably wonder what to do with tax refund yourself. This influx of cash is always nice to have, […]
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 […]