baby steps

Buying a new car is a big deal, especially when it is your first.  In 2002, when I was 17, my parents bought me a beat up black 1999 Grand Prix that I absolutely loved.  I put that puppy through a lot and it was passed down to both my younger brothers before making its [...]

In this article, I’ll break down the three components of saving, investing, and borrowing to accomplish your financial goals. Out of all the steps in Moolanomy’s Financial Success Plan, this step is without a doubt the most complex step. As such, I’ll keep this article at a high level, then later dive deeper into various [...]

I didn’t always agree with Dave Ramsey because I think some of his recommendations aren’t mathematically efficient. But as I pass my two years mark as a personal finance blogger, I must admit that have a growing appreciation for his school of thought. After all, we are human beings and not robots — so, mathematically [...]

Most people think about financial freedom, or retirement, as a point in time when they can fully cover their living expenses with some sort of passive income. This usually involves saving a significant amount of money so that a small percentage could be safely withdrawn to cover living expenses each year. To many people, this [...]

Even financially responsible people do get into trouble and fall into debt. The most common cause is being insufficiently prepared for financial emergencies — perhaps an unexpected sickness or a sudden job loss. As such, having an emergency fund is a vital part of having a good financial health, and is an important step in [...]

One of the quickest ways to improve your finances is to reduce your expenses and find more ways to save money. This article is a compilation of various money saving articles that have been published over the years. A few tips are also highlighted from each article. Make sure you follow these links to see [...]

Achieving financial success doesn’t have to be difficult. You can achieve it as long as you want it and work toward it. Unless you’re one of the outliers, the road to financial freedom is a long one. As such, it’s best to bring along a good companion and have a road map to guide you [...]

How can you tell if you’re financially on track or not? Unless you find yourself in one of the extremes, you’re probably wondering that right now. To get the answer, some people spend a lot of time learning and some simply hire a financial planner. However, there is an alternative that you may have not [...]

As a new parent, I am sure you’re painfully aware of how expensive college is, and will be.  You may wonder how in the world are you going to save that huge sum needed for your child’s college education. This article is design to help you walk through each step — e.g., getting your finances [...]

Here’s a good video podcast by Dave Ramsey. In just 5 minutes, you can improve your chance of financial success — how can you say no to that? In this video, you’ll learn what Dave Ramsey is all about and what he teaches. I thought the segment on Baby Steps and Debt Snowball was particularly [...]