Your Money Archives - Prioritized Living

How to Lower Your Credit Card Interest Rate

October 21, 2019

When it comes to your credit card debt, you have much more power than you probably realize.

You already know your card’s interest rate plays a major rule in how quickly your debt adds up . . . and how soon you’ll be free of it. But did you know that the interest rate you’ve got isn’t necessarily the rate that you’re stuck with?

Here’s a little-known secret: You can actually negotiate your interest rate with your creditor. A poll conducted by CreditCards.com found that only 25% of cardholders contact a credit card issuer to negotiate. But the astounding news is that nearly 70% of those who did landed a lower interest rate!

Best of all, joining that 70% is easier thank you think. Here’s how you can successfully negotiate your own interest rate: [Read more…]

How to Organize Your Passwords: My LastPass Review

October 8, 2019

Note: This post contains affiliate links. Read my policy here.

How many passwords do you have?

Until relatively recently, I didn’t realize just how many login credentials I own — more than 100!

Think about it: You have logins for your E-mail accounts, bank accounts, credit cards, investment accounts, your streaming video accounts, online retailers, travel sites, social media sites, utility providers . . . the list goes on!

And you might think you’ve got it under control by using variations of a few passwords across all these sites . . . uuuuuntil the day that there’s a security breach.

Yeah, that happened to me.

One day, one site was compromised. So my logins at a bunch of sites were suddenly potentially vulnerable. I knew I needed to beef up my passwords and have different passwords for every site I visited. But how on earth would I keep track of them???

The answer is a password manager.

I latched on to one out of necessity, but I will seriously never go back. Here’s why I’m obsessed with LastPass, an awesome password manager. [Read more…]

Estate Planning 101: Protect Your Family with a Trust

September 23, 2019

At eight months pregnant, I eased into a chair at a law firm specializing in estate law, and my husband and I signed and initialed a full set of estate documents.

We’d gotten the car seat, the crib, and the onesies. But doing this — ensuring our child and each other were protected — was one of our highest priorities in those last few weeks before our son was born.

Five years later, we just paid our lawyer another visit to make a few updates to our documents. And having those protections in place continues to bring us immense peace of mind.

Of course, my husband and I wanted to ensure that our son was taken care of and our wishes respected in the unlikely event that both of us died. And we wanted to spare our family the time and financial burden of chasing our assets through probate court.

But we were also able to deal with a situation that a basic will just can’t cover — what would happen to us, our son, and our assets in the event that we were temporarily or permanently incapacitated. And that’s where a living revocable trust comes in.

I am a HUGE proponent of setting up trusts for yourself and your spouse! The benefits are enormous. And trusts are not nearly as complicated as you might think.

So what is a living revocable trust? And is a living revocable trust right for you? [Read more…]

6 FIRE Movement Rules That Will Transform Your Money

August 21, 2019

Note: This post contains affiliate links. Read my policy here.

Right now, the FIRE movement is revolutionizing the way that Americans envision retirement.

FIRE — which stands for financial independence, retire early — began with the book Your Money or Your Life, authored by Vicki Robin and Joe Domingez. First published in 1992 and most recently updated in 2018, the book continues to galvanize young adults in particular in pursuing the dream of retirement in their 40s or even 30s.

But retirement for FIRE followers rarely means doing nothing. Instead, it translates to freedom to pursue the kind of work and passions you love instead of working exclusively for the paycheck.

Mr. Money Mustache, a prominent FIRE proponent, states the goal of FIRE as “complete freedom to be the best, most powerful, energetic, happiest, and most generous version of you that you can possibly be.”

Maybe FIRE is something you’d love to pursue yourself. But, even if early retirement isn’t your plan, you can mine some incredible money principles from the FIRE philosophy — principles that can put you on the path to financial health, help you grow your money, and build a secure financial future! [Read more…]

How to Manage (and Master!) Your Money with a Budget Binder

July 30, 2019

Money is . . . well, it’s messy! And complicated.

Just think about all the pieces that make up your financial life! You may have multiple sources of income, savings accounts, retirement or investment accounts, bills for your home, bills for your family, expenses that are coming up, and things you want to do with your money!

How on earth do you keep it all straight and get it all done?!

A budget binder, like My Budget Binder from Prioritized Living, is an amazing tool for mastering your finances. It takes the mess and stress of money management out of the equation and gets you moving toward your financial dreams.

CLICK HERE to grab your copy of My Budget Binder from Prioritized Living!

Here are just a few of the many things a budget binder can do for you when you incorporate it into your life: [Read more…]

Meal Planning for Beginners: How to Save Money on Your Family’s Food

July 8, 2019

For average Americans, roughly 15% of their income is spent exclusively on food. And, with the average household income sitting around $60,000, the typical family spends $9000 to keep everyone fed.

That’s no small chunk of change.

But what if you could slash your food expenses? What a massive difference that would make with your money!

After all, what could you do with the extra cash if you could whittle your food costs down to 12% every single month? To 10% month after month???

That’s precisely where meal planning comes in — a simple exercise that takes just minutes a week. And doing nothing more than sticking with a meal plan can keep your food budget small while freeing up your cash for other financial goals!

And it’s great for everyone — supermoms, busy retirees, cash-strapped students, kitchen-loving dads, and anyone looking to save money and save time.

If you’re new to the scene, you may not even know how to meal plan. No worries! This guide will take you from beginner to meal planning expert in no time. [Read more…]

5 Proven Ways to Tidy Up Your Spending

June 24, 2019

Overspending has never been easier.

In mere seconds from just about anywhere, you can mindlessly type and swipe your way to a pricey online impulse buy. And, surprisingly, overwhelming living expenses aren’t typically to blame for overdoing it with your wallet.

One NerdWallet study found that one in two Americans overspend not out of necessity but for emotional reasons like stress, excitement, and sadness. And the numbers are even greater for younger generations, with two out of three millennials admitting to emotional overspending.

Self-awareness is the first step in avoiding overspending that’s driving you into debt. And if you’ve already taken the time to tidy up your money mindset, you’re well on your way.

But there’s more you can do.

As you know, countless Americans are currently on a mission to declutter their lives and organize their homes, Marie Kondo style. But what if you could tidy up your spending?

Check out these top tips for cleaning up your spending habits: [Read more…]

23 Father’s Day Gifts Under $100

June 3, 2019

Note: This post contains affiliate links. Read my policy here. I will be compensated if you make a purchase after clicking on my links.

Father’s Day is nearly here! So that eternal question is rearing its head again . . .

What on earth can I give Dad as a gift?

And if you’re looking to buy a present on a budget? You might seriously be scratching your head.

I’ve been there. So I’m sharing 23 of my favorite gift ideas — all under $100 — for that incredible dad you love and adore every day of the year.

Whether you’re buying as a daughter, wife, granddaughter, or an agent for the kids, you’re sure to find a unique and budget-friendly gift he’ll love this Father’s Day!

[Read more…]

How to Save Money on Prescription Medications

May 13, 2019

Sticker shock is alive and well at every pharmacy across the country.

Prescription medication is expensive.

Plenty of people shell out continuously to cover treatment for chronic medical conditions. And, other times, getting a prescription is an unpleasant, pricey surprise. Your kid gets an infection. You’re injured in an accident. Or you face an unexpected diagnosis.

In fact, a recent survey by RxSaver found that the average American adult spends $33 each month — that’s $400 a year! — on prescription medication. And kids’ prescriptions add an additional $341 a year to your budget.

Any way you slice it, it feels like your wallet is completely at the mercy of your pharmacist.

So what can you do? How can you ensure that you have the money you need to cover your essential medical costs?

If you want to know how to save money on prescriptions, try these smart strategies for saving what you need and growing what you already have. [Read more…]

How Much Should I Spend on Groceries?

May 6, 2019

Is your food spending normal?

Maybe you’re a die-hard fan of outsourcing your food prep. You eat nearly every meal out and use your oven for storage.

Or, on the flipside, you’re a frugalista — someone who shops for the best deals in-store and online, stocks up on discount groceries, meal plans like a pro, and whips up 40 inexpensive freezer meals in a day.

But everybody wants to know . . . How much should I spend on groceries? Is my family’s food budget on target, or are we way off?

Get ready to see whether your spending is in line with the average grocery bill in America. Learn how to create a custom food budget for your family. Plus, grab the FREE food budget calculator down below for calculating your family’s ideal grocery budget!

Here we go! [Read more…]