What It’s Like Being Dave Ramsey’s Daughter – Our Interview with Rachel Cruze

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Rachel Cruze

Recently, Lacey Langford and I were able to interview Rachel Cruze live from #fincon18 in Orlando, Florida. We talked about family money lessons every parent should know and what it was like growing up as Dave Ramsey’s daughter. Below are just a few highlights from our interview. Our questions are in Dark Bold, and Rachel’s responses are immediately below them. For more about Rachel and the complete interview, be sure to check out the MilMoney Movement Podcast on Apple Podcast, Google Play, and everywhere else under the sun you can listen to podcasts. Rachel Cruze on Growing Up as Dave Ramsey’s Daughter You were raised in a very responsible money management family. What is the favorite money lesson that you … Read more

7 Sneaky Simple Ways To Trick Yourself Into Saving Money

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Sneaky Ways To Trick Yourself Into Saving Money

The savings rate in America is dismal, and it’s heading in the wrong direction. According to the latest data from the Bureau of Economic Analysis, the personal savings rate in America is 4.5%, down from 5.6% the previous year. But do you know what’s the greatest hindrance to you increasing your savings? You. Your brain is the biggest thing holding you back from saving more, and one of the best ways to combat this is to trick yourself into saving money every day. You have to make savings a game. Here are five sneaky ways to do so. Saving money isn’t easy. Sometimes you have to trick yourself into saving money if you want to get it done at all. You have … Read more

Top 5 Smart Ways to Avoid Running Out of Money During Retirement

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Planning for retirement isn’t easy for anyone. It doesn’t matter if you’re a 20-something with student loans or a 50-something who doesn’t think they’ll have enough saved up to retire by their mid-60s. You can still earn retirement income. It’s normal to feel frustrated when it comes to saving for retirement, but this doesn’t mean you should avoid the issue altogether until you’re “old enough” or “making enough money” to start saving. The best time to start saving for retirement is right now. If you waited until your 30s or even 40s and 50s to begin saving for retirement, then you might wonder whether you’ll have enough money to live on in your golden years. This thought can create a … Read more

The Best Way to Budget When You Have Irregular Income

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Best Way to Budget with Irregular Income

Budgeting is one of the most important aspects of organizing our lives. But, far too few people ever truly stick to a budget long-term. Why’s that? Because budgeting seems too difficult or boring to pay close attention to. Many of us would prefer to “set it and forget it” and hope you come close to your projected income and expenses for a given month. Unfortunately, attention to detail is crucial when it comes to budgeting. That’s because irregular expenses and income can mess up your calculations pretty quickly if you’re not paying attention. Even if you enjoy crunching numbers, irregular expenses like semiannual insurance payments or annual publication subscriptions can make budgeting quite complicated. If you’ve been following a monthly budget but you need a … Read more

Trying To Manage Your Debt? These Options Are Available In Scotland

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Everyone experiences portions of their lives when they fall on periods of financial hardship, and many of us have no idea what to do when this reality comes to roost in our lives. This guide was put together to suggest some of the most common methods of dealing with indebtedness and how to get the help you need to meet this challenging time. Seek Out Free Debt Advice No, this doesn’t mean you should speak to your friends and relatives about what to do with your financial situation. Aside from being embarrassing, it’s also likely they aren’t trained financial professionals and may give you advice based on rumor and speculation.  Instead, use one of the many free debt advice groups … Read more

Top 4 Ways to Save for Retirement as a Job Hopper Now

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Young adults seem to have no problem “hopping” from job to job in search of better opportunities and higher pay. But, is job-hopping really worth it if you’re potentially hurting your retirement savings? Whether you’ve recently graduated from college or you’re in the middle of a late-career job transition, it’s important to be aware of the upsides and downsides to job-hopping. While higher pay, better benefits, and cooler workplace perks may be advantageous to some workers, the trade-off of lower job security and fewer opportunities to save for retirement may not be worth it for a lot of folks. People already tend to struggle with saving for retirement. A 2016 survey found the average Baby Boomer has just $147,000 saved for … Read more