Buying a house in today’s market can seem impossible. 30-year mortgage rates are hovering around 7%, which is more than double what they were about a year ago. The median home price in America is at $427,000, which is over 13% higher than this time last year. Couple those stats with record inflation, and the […]
I’ve been busy recession proofing. Many analysts say that a recession is coming, and many believe that we are already in one. So, what can you do to prepare? Here is how I’ve been preparing. No Debt One of the best ways to ride out a downturn in the economy is to get rid of […]
How much did you spend on Valentine’s Day? Maybe you didn’t celebrate and ended up spending nothing. Or, you could have gone all out. Here are a few averages. Average Spending According to the National Retail Federation the average couple plans to spend around $175 this year. Total spend of all Americans celebrating the holiday […]
Budget setback? Don’t worry.
The following is a guest post from my friend Ethan. Given the retirement crisis, learning how to handle setbacks in personal budgets is relevant to many. I hope you find it useful.
Effective budgeting typically lies at the core of a successful, long-term financial strategy. Whether it is a relatively informal register of income and expenses, or a detailed, categorical log of household cash flow, keeping track of your money increases financial security.
Raman Venkatesh is the founder of Ten Factorial Rocks. Raman is a ‘Gen X’ corporate executive in his mid 40’s. In addition to having a Ph.D. in engineering, he has worked in almost all continents of the world. Ten Factorial Rocks (TFR) was created to chronicle his journey towards retirement while sharing his views on the absurdities and pitfalls along the way. The name was taken from the mathematical function 10! (ten factorial) which is equal to 10 x 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 = 3,628,800.