• Single Income Household
    Blog

    A Single Income Household: Why and How We Do It

    Last year my wife and I had our first child, our son Carter. The months building up until the day he was born were hectic – buying all the baby gear that we needed, setting up the nursery and just thinking about how life would be once we started living on one income, my wife planning on staying home with our son. I’ve always read that living on one income before you need to is a good way to get a feel for what it’s like, so we decided to do just that a few months before our son was born. We started living on my income alone, banking my wife’s income…

  • 401k Loan Interest: Everything You Need to Know
    Loans

    401k Loan Interest: Everything You Need to Know

    If you’re considering taking out a 401k loan — borrowing from your 401k — then you’ve probably already heard that there’s interest involved in this loan. So what’s the deal with this 401k loan interest? Let’s take a look. First of all, don’t take borrowing against your 401k lightly. Yes, it’s your money and you’ve already earned it, but you should not think of your 401k the same way that you think of your savings account. First of all, this is the retirement income you’re talking about. If you mess it up, nobody’s going to fix it for you, and you won’t have enough time to refill it through more hard…

  • Blog

    How to Build the Most Basic Budget Possible

    Let’s face it. Budgeting just isn’t easy for some people. They try to budget unsuccessfully time and time again. We’ve written all kinds of things about building budgets, from how to do it with a pencil and paper to how to use technology to make it easier. We’ve written about how to optimize your budget and how to get back on the horse if you fail at budgeting. I figured it was high time we delivered an article about how to boil budgeting down to the bare essentials. Here’s how to budget as simply as possible: The Wants vs. Needs Budget This is a budgeting technique my father taught me when I was about 7 years old, and…

  • Blog

    How to Build a Monthly Budget With a Pencil and Paper

    I’ll admit, I’ve tried all the high tech budgeting software programs out there and failed. Miserably. [Looking for a budget you can stick to? Build it with our free, email-based budgeting course!] I’ve tried to be good and keep my records up to date, stack my receipts and enter them like a good girl to get caught up each week. But it just doesn’t work for me. I’d get behind and then try to catch back up only to realize I was even further behind. It was just one more thing on my to-do list that never ended up getting done. The best and most reliable method I have found…

  • Blog

    Cyber Monday Statistics: What to Expect this Year

    Cyber Monday statistics from the last few years have been good for retailers as well as consumers. This means the upcoming Cyber Monday deals will likely be better than ever, and it also means more consumers will be competing to buy up the limited supplies of goods available on the Monday after Thanksgiving. What is Cyber Monday? The name “Cyber Monday” was created by Shop.org in 2005 to connote the Monday after Black Friday and highlight the various sales available online on the first business day after the big brick-and-mortar consumer rush begins. Since then, Cyber Monday has become a household holiday. As more people discover the deep discounts available on…

  • Blog

    Cancel Your Cable: Why It’s Time to Switch to Internet TV

    The average cable subscriber in the United States is paying $70 a month for hundreds of stations, while they only watch two or three channels most of the time. Why pay all that money for only a handful of stations you really use? You can streamline your television experience and cut out those monthly payments simply by getting rid of that old-fashioned television service. With the large number of television shows and movies available for little or no cost online, there is no reason to keep paying your cable company month after month! Here’s how to dump that expense. Switching to Web TV Doesn’t Mean Losing Your Favorites Online television…

  • Blog

    Bartering for Better Rent

    Because two major life changes (wedding, starting work here) aren’t enough, I’m moving at the end of the month. After growing up an Army brat, I am so over moving. But more than packing, cleaning, and moving 24 boxes of books up a flight of stairs to the new apartment, what I hate most about moving is paying all of those up front costs! Luckily our friends over at The Digerati Life, a personal finance blog, have some negotiating tips to keep those costs low. As a renter, there are certain considerations you must take into account when getting into a new house or apartment. There are a few financial responsibilities such…

  • Blog

    401(k) Karate: How to Prepare for Retirement Like a Ninja

    When it comes time to fill out your 401(k) paperwork, you might be totally confused about how much to contribute. I know I was. Some companies match a percentage of your contribution, so that’s always going to encourage you to contribute more. After doing my own research, it seems like the key to understanding what you should contribute to your 401(k) lies in understanding how a 401(k) works, so let’s start there, moving through what the average American contributes to a 401(k) and touching on how to know your 401(k) is a good one. Armed with a little information, you could be kicking 401(k) butt in no time. I feel…

  • Blog

    How You Stack Up: What Does the Average American’s Debt Look Like?

    Debt is an interesting beast in today’s culture. Many of us are carrying it around on our backs. It weighs us down, but on the surface, we look the same. Debt may be unseen, but it’s certainly not unknown. While debt can be isolating, there are so many people out there waging their own personal wars against it, you might find yourself wondering how you stack up against the average American. How do I compare? Do I have more debt than my neighbours? How bad is this really getting? These questions plague thousands of Americans as they seek to assess their own situations. So PerkStreet set out to give you a peek…

  • Blog

    30 Financial Vocab Words Your Kids Should Know

    So your daughter/son is studying poetry vocabulary in school this week. She is probably worried about learning the difference between caesura and enjambment. These are important distinctions for kids. (Caesura is a stop in the middle of a line of poetry and enjambment is when a complete thought flows past the end of one line onto another, often ending in a caesura.) But what about the words they’ll actually use in life, like “Bounced Check” or “APR”? When is it financial literacy week in school? April is financial literacy month, so hopefully, your answer is, “Next month, Kyle!” But just in case your children don’t learn anything about money in…