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Financial Freedom and Personal Finance Success by Moolanomy.com

Moolanomy Personal Finance Blog is home to the 12 Steps Guide to Financial Freedom and Personal Finance Success. We discuss financial concepts in an easy to understand language to help you improve your finances and better your life.

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How to Streamline Your Finances and Simplify Your Life

How to Streamline Your Finances and Simplify Your Life 4

Keep It Simple, Stupid! You’re probably familiar with the KISS Principle. If you are feeling overwhelmed by your finances, you can reduce financial stress and improve your quality of life by reducing, consolidating, and automating your finances. Here, we will be covering a few ideas to help you do just that. 1. Automatic Deductions You … Read moreHow to Streamline Your Finances and Simplify Your Life

The 80 Percent Rule for Retirement Explained and Improved

The 80 Percent Rule for Retirement Explained and Improved 6

In How Much Money Do You Need to Retire, I mentioned using the 80% rule to calculate retirement needs. You may have heard this rule before; here is a variation of it: You need 80% of your pre-retirement income during your retirement. Where Did the 80% Number Come From? The theory behind the 80% number is that … Read moreThe 80 Percent Rule for Retirement Explained and Improved

How to Start Investing in Stocks for Beginners

How to Start Investing in Stocks for Beginners 9

Neither one of my parents know how to invest in the stock market, and it wasn’t a part of my formal education. I had to learn how to invest on my own by trials and errors — so I know how intimidating it is for people who are new to investing. Where do I start? … Read moreHow to Start Investing in Stocks for Beginners

Liability, Collision, and Comprehensive Auto Insurance Explained

When buying auto insurance, you need to know the differences between your coverage options. Understanding what different types of coverage are included in your policy can help you make better decisions about protecting your car and your assets. Types of Auto Insurance Coverage There are three types of auto insurance coverage: liability, collision, and comprehensive. … Read moreLiability, Collision, and Comprehensive Auto Insurance Explained

Federal Income Tax Return Filing Requirements for Retirees

Federal Income Tax Return Filing Requirements for Retirees 15

Do retirees have to file a federal income tax return? You might think that the days spent filing an income tax return each year is behind you once you are retired. However, being retired doesn’t necessarily get you out of filing a return with the IRS. In fact, you may want to file even if … Read moreFederal Income Tax Return Filing Requirements for Retirees

Best High Interest and Reward Checking Accounts for August 2019

If you keep a lot of money in your checking account, moving your money to a high-interest checking account may be a good move. Below is a list of highest yields checking accounts. Your principal is protected, and you’re guaranteed a positive return on investment. Before you sign up, review the requirements carefully because many … Read moreBest High Interest and Reward Checking Accounts for August 2019

Best 5% Cash Back Credit Cards for August 2019

Best 5% Cash Back Credit Cards for August 2019 17

The following credit cards offer 5% cashback bonus promotions — usually on a quarterly rotating basis in select categories of goods and stores. The best strategy is to have several of these reward cards so all your categories are covered and you ensure that you don’t hit the cap where your reward is reduced to … Read moreBest 5% Cash Back Credit Cards for August 2019