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Tag Archives: Betterment

New and Exciting Tools To Help With Budgeting and Saving Money

Weekend at Canyonlands National Park

It’s been a crazy week and I’m really glad it’s Friday. Our latest rental property project is all done and we already have a tenant. All that is holding us back is the final inspection. Somehow the city doesn’t seem to realize that another day of delay means less dollars in my pocket, but what can you do? Since I’m not making any extra rental money today, maybe I can save a bit with some new and exciting tools to help with budgeting and saving money. Personal Capital Now Has Budgeting   I have been using Personal Capital for over a year now, and I really like their interface that gives me the ability to check all my accounts at once. I used Mint in the past, and like it as well, but Personal Capital is much, much better for tracking investments because it gives a terrific breakdown of account balances, portfolio allocations, and fees being charged. One big complaint about Personal Capital was that it didn’t offer a budgeting tool. Of course, you can do one on your own or use another website, but who wants to log in to a million different places? Well, Personal Capital got the ...

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Don’t Blow Your Tax Refund

wise things to buy with tax refunds

According to the Internal Revenue Service, 75% of tax payers will get a refund this year. Since the average refund is almost $2800, it’s time to start thinking about how to put that money to good use. A tax refund is not a windfall or a gift from the government. It’s your money, earned from work, that Uncle Sam has been holding all year long. Don’t blow your tax refund by treating it like found money. Pay Off Debt One of the best uses of a tax refund has to be paying off debt. While government won’t be paying any interest for holding your money, you’ve likely been paying interest to your creditors. Having a couple of thousand dollars to throw at credit card bills or high interest loans can be a huge morale boost for those struggling to get out from under their debt. Start Or Top Off An Emergency Fund We all know that not having anything in savings for emergencies is often the reason people go into debt. Most experts suggest saving at least three months of necessary expenses, but that number often seems too overwhelming for people who live paycheck to paycheck. Even having $500 or ...

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A Year of Investing With Betterment

Investing with Betterment

Last week we discussed retirement investment options. Because of tax advantages, that is where most of our build wealth money goes at this point. When it comes to keeping money or giving it to the good ole’ US government, you can guess who wins every time! However, we all know it’s a good thing to keep diversified. Maybe you want to retire early or have money that’s accessible without penalty before age 59.5. After reading about a million reviews of brokerages, I decided to try out Betterment. I wanted to do a year in review, but my, how time flies. When I logged into my account last week before writing this post, I was amazed that I’ve been investing with Betterment since March 2013! Betterment Fees Honestly, I don’t promote many brokerages because I think Vanguard is almost always the easiest and cheapest way to go. I still believe that for IRA and 401k type accounts, it’s the hands down winner. However, if you want to invest in non-retirement account stocks or funds outside of Vanguard ETF’s AND don’t have at least $50,000 already invested, Vanguard’s fees are $7 each for the first 25 trades, then $20 after that. Plus ...

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Keep Investing Simple-5 Tips for Success

  I’m doing a blog swap today with Cash Cow Couple, and I have a guest post at Stapler Confessions. Please enjoy Jacob’s post here and check out the others if you have time! It’s easy to get caught up in the media coverage of the stock market. There are thousands upon thousands of talking heads who like to shout about why the market is up or down, or going to crash. You shouldn’t worry about it, and you should ignore it. Investing should be a simple process. The more complex you try to make it, the more problems you’ll face. Here are 5 tips to keep it simple. 1. Have a Plan If you’ll create an investment plan, you’ve won a big part of the battle. Knowing what you are investing in can help you remove the emotional response that often accompanies big market swings. A plan is far more important than trying to select winning stocks or bonds. 2. Stop Trying to Time the Market Research has shown that short term stock market forecasting is impossible. If someone predicts the movement of the market, it’s pure luck. Stop trying to decide about whether or not stocks will rise ...

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