A Wealth of Common Sense — What’s a Robo-Advisor? It’s an automated, computerized service that uses algorithms to do your financial planning and investments. There’s no human interaction or high costs associated with traditional advisers — and the human advisers don’t like it, even though it may benefit them.
Ben says welcome to the new world and gives a full rundown on this growing section of the financial planning industry. And since people who don’t have large portfolio balances are attracted to these cheaper, automated advisers, “Millennials are currently the ones signing up in droves.”
First Quarter Finance — Will gives you the complete rundown on how to drive a stick — from starting the car, to shifting, to applying the emergency brake when you park it. He also wrote an earlier post on why you should drive a manual: You can save money on gas, they are cheaper to buy, and they cost less to maintain.
Most young Americans don’t know how to drive a stick. It takes some practice, but it’s worth learning and like Will says, “it’s not too complicated.” Plus, they’re a blast to drive.
Suburban Finance — Based on the paleolithic diet our ancestors ate a LONG time ago, the modern “paleo” diet consists of meat, fruit and vegetables. Dairy products, grains, processed foods, and oils are out. The problem is: It’s expensive. This blogger recommends finding sources like farms, specific markets and other places that have less expensive food, and to buy in bulk.
White Collar Freedom — Guest blogger Mr. 1500 gives two examples of how to turn your financial life upside down. Don’t spend so much when you’re young, and learn about money before you grow old, he says. He provides graphics and data to prove how big a difference it can make.
One of the examples is an entertaining anecdote about a 22-year-old who bought a brand new Corvette within a month of finding his first job. Many of us know a person who has made that mistake.
Money Smart Guides — Most of us need a reminder to get organized. Shondell helps us out by providing insight into her bill paying process. Keep your bills separately from all other paperwork so you can find them easily, she says. Also, separate paid and unpaid bills.
She also recommends automating your bill-paying process. People who commented on the article have a few good ideas, too. Love those comment sections.