Saving Money For Opportunities

As a follow up to Wednesday’s article on our current exploration of renting out our house, I felt like now would be a good time to discuss the greater purpose of saving money.

Saving Money For Opportunities

A couple of days ago I went into some detail as to what we are planning to do with the money we will save.

Today I want to try to explain it in a way to will serve as a long term inspiration to anyone, no matter what financial situation you might be in.

Carnival of Personal Finance, Getting Hot In Here Edition

The Best Money Blog was featured once again in the Carnival of Personal Finance, Getting Hot In Here Edition, this time hosted over at Nerd Wallet.

Carnival of Personal Finance #264

If you have never checked out a carnival of personal finance, now is there time. They are chock full of the best articles out there on saving, spending, investing, frugality, and all things money.

Be sure to check our some of my personal favorites below that were included in the carnival.

Top 3 Money Articles of the Week

Money Saving Idea #2 – Downsizing

A few articles back, I posted my first money saving idea, which was to use cash for groceries in order to track our expenses better. This week I wanted to talk about something that has been in the works for the past month that will finally come to fruition about a week from now.

Money Saving Idea #2 - Downsizing

We have rented out our house and are downsizing to an apartment!

Before any congratulations or bashing begins, read the rest of the article to see our reasoning behind the move.

Get A 5% Raise For Doing Absolutely Nothing

If you could earn 5% more at work without actually doing more work would you? It’s safe to say that everyone would take a pay increase in a circumstance like this. So now you probably want to know how it can be done.

Get A 5% Raise For Doing Absolutely NothingIt’s done by buying things for the company of course. Alright, maybe that’s not the answer you are looking for, so let me rephrase the idea.

It’s done through reimbursements for the things you buy for the company.

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Is It Rude Not To Cash A Check Immediately?

I’ll give you my answer right now, yes. Back in the old days, before Al Gore invented the Internet, people balanced their bank accounts using a pen and paper. This is not how it is done today.

Is It Rude Not To Cash A Check Immediately?

More and more, people are relying on services like Mint.com to keep their finances in check, and it is only going to continue in this direction. By not cashing checks immediately, you are basically giving people the idea that they have more money than they do, and while I realize you are not responsible for their finances, there are other negative consequences as well.

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Saving Money vs. Earning Money, Which Will Make You Rich?

It may seem like an easy question to answer, because you can’t save money unless you earn money first. What I want to discuss is how each one is going to help you more on the road to wealth.

Saving Money vs. Earning Money, Which Will Make You RichTo make things a little more complicated, I will start off by saying that the answer to the question is both, but you’ll have to read the full article to see how each one can help you attain the wealth you have always dreamed of.

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