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the personal finance blog

Feb 28, 20217 min read

#48 - No Budget Typically Means no Planned Retirement: You Need a Fixed Budget. We'll Show you How.

According to many different surveys around ⅔ of people do not follow a budget or if they have one, they do not maintain it.

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#47 - The 2020 Tax Review: Why You Don't Want a Tax Return & How The Money Improves the Budget

David Mulonas

Feb 21, 20215 min read

#47 - The 2020 Tax Review: Why You Don't Want a Tax Return & How The Money Improves the Budget

If your standard deduction is less than the total of your itemized deductions, then you should be able to save money.

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PFT #10 - Personal Finance Tip: How Coffee Slowly Drips Away Your Monthly Budget

David Mulonas

Feb 18, 20212 min read

PFT #10 - Personal Finance Tip: How Coffee Slowly Drips Away Your Monthly Budget

Just Imagine if you are a family of four that drinks coffee everyday; the amount of money that can be saved is staggering.

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#45 - The 401(k) and the Roth 401(k) Review

David Mulonas

Feb 8, 20218 min read

#45 - The 401(k) and the Roth 401(k) Review

The max contribution for the 401(k) and the Roth 401(k) is $19,500 yealry. If you're over 50, you can add $6,500 in catch up contributions.

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#44 - The GameStop Short Sell Where the Little Guy Beat Wall Street at Their Own Game

David Mulonas

Jan 31, 202110 min read

#44 - The GameStop Short Sell Where the Little Guy Beat Wall Street at Their Own Game

Shorting a stock whens shares are borrowed from a broker on margin and have to be be paid back with interest to the broker.

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PFT #7 - Personal Finance Tip: Rule of 72 and Compound Interest a Retirement Nest Egg

David Mulonas

Jan 29, 20212 min read

PFT #7 - Personal Finance Tip: Rule of 72 and Compound Interest a Retirement Nest Egg

In today’s world it is incumbent on you to build your retirement nest egg therefore, you can use the rule of 72 as a base calculation.

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#43 - To Trust or Not to Trust: How to Protect Your Investments and Your Estate

David Mulonas

Jan 25, 20216 min read

#43 - To Trust or Not to Trust: How to Protect Your Investments and Your Estate

Trusts supersede a will when there is discrepancy. Most attorneys recommend that you have a will and a trust for backup protection.

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PFT #6 - Personal Finance Tip: Hand Washing Your Dishes Wastes Water; Let the Dishwasher Do the Work

David Mulonas

Jan 21, 20212 min read

PFT #6 - Personal Finance Tip: Hand Washing Your Dishes Wastes Water; Let the Dishwasher Do the Work

The bottom line is that if you have an Energy Star rated dishwasher this means that you will be using ¼ less energy than washing by hand.

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#42 - How to Get Employer Health Insurance When Having a Domestic Partner or a Civil Union

David Mulonas

Jan 18, 20215 min read

#42 - How to Get Employer Health Insurance When Having a Domestic Partner or a Civil Union

A domestic partnership is when two people live together and are involved in an interpersonal relationship living as if they're married.

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PFT #5 - Personal Finance Tip: Prolong the Life of Your Candles and Help Your Budget

David Mulonas

Jan 15, 20212 min read

PFT #5 - Personal Finance Tip: Prolong the Life of Your Candles and Help Your Budget

By our estimation, you can extend a candle’s life by approximately 25% - 50% more than what is stated on the jar.

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PFT #4 - Personal Finance Tip: What is Private Mortgage Insurance (PMI) and How to Get Rid of it

David Mulonas

Jan 6, 20212 min read

PFT #4 - Personal Finance Tip: What is Private Mortgage Insurance (PMI) and How to Get Rid of it

PMI occurs when you do not have at least 20% of equity or 80% loan-to-value when you purchase the home.

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Podcast #40 - Establishing Good Credit for Your Children and Some Important Reminders for Adults

David Mulonas

Jan 4, 20216 min read

Podcast #40 - Establishing Good Credit for Your Children and Some Important Reminders for Adults

How do we establish credit for your children? They cannot apply for a credit card legally until age 18; they may may have an authorized user

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PFT #3 - Personal Finance Tip: FSA Funds - Use Them or Lose Them

David Mulonas

Jan 1, 20212 min read

PFT #3 - Personal Finance Tip: FSA Funds - Use Them or Lose Them

If you don’t spend your FSA money by January 1st your account value will go to zero dollars. So stock up on supplies to use that money

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Podcast #39 - Deferred 0% Interest Rate Credit Cards and How They Impact Your Budget

David Mulonas

Dec 31, 20205 min read

Podcast #39 - Deferred 0% Interest Rate Credit Cards and How They Impact Your Budget

Rule #1: as long as you pay the credit card with regular installments before the 24 months expire you will accumulate no interest.

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Personal Finance Tip #2 - Collect Holiday Gift Bags to Save Money and the Environment

David Mulonas

Dec 23, 20202 min read

Personal Finance Tip #2 - Collect Holiday Gift Bags to Save Money and the Environment

Here's's a great way to save some money, and that is to save the boxes, bags and bows and so on, rather than throwing them away.

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Personal Finance Tip #1 - The Hidden Cost of Eating Out For Lunch on the Budget

David Mulonas

Dec 18, 20202 min read

Personal Finance Tip #1 - The Hidden Cost of Eating Out For Lunch on the Budget

Eating out for lunch is often one of the most hidden expenses in the budget each year; not to mention that 40% of food is wasted.

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Podcast #35 - How Does Pet Insurance Work and How to Factor it Into Your Budget

David Mulonas

Nov 30, 20209 min read

Podcast #35 - How Does Pet Insurance Work and How to Factor it Into Your Budget

Pet insurance cost depends on factors such as your pets age, size, and breed as well as any preexisting conditions.

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Podcast #4 - Spend More Money Now To Save Money Later

David Mulonas

Nov 27, 20204 min read

Podcast #4 - Spend More Money Now To Save Money Later

Budgeting sometimes gets a stigma meaning that you're cheap or frugal. You have to budget within the means of the money that you have.

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Podcast #33 - How Long-Term Sustainable Products Reduce Your Budget While Helping the Environment

David Mulonas

Nov 15, 202016 min read

Podcast #33 - How Long-Term Sustainable Products Reduce Your Budget While Helping the Environment

You can save money down the road by buying quality products, but the difference here is that you will also help the environment

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Podcast #3 - 401(k) Withdrawals and Loans

David Mulonas

Oct 25, 20207 min read

Podcast #3 - 401(k) Withdrawals and Loans

When you take a 401(k) withdrawal, you'll face a 10% penalty if you're under the age of 59.5 years of age

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