Leonie Bauer

11 Ways to Get Rich Slowly

Everyone, -well, most people– want to grow their money instantly, or get rich slowly, even if we have unclear ideas about what that actually means, or why we actually want it. Even though BudgetBakers is a personal finance management company, we still believe that money doesn’t solve everyone’s problems overnight. At the very least, a healthy and happy relationship

11 Cheap Foods that are Surprisingly Good For You

Eating well and eating cheaply are seemingly contradictory goals for most people. But maintaining a healthy lifestyle shouldn’t have to come with a hefty price tag. In fact, some of the most nourishing foods for your body are also some of the most budget-friendly options available. So eating on a budget can be a picnic, if you know how

The BudgetBakers Ultimate Guide to Back to School

The lazy days of summer are fading away, and the back-to-school season is once again upon us. As parents and guardians, we’re not only navigating the shift from vacation mode to school mode, but we’re also faced with the challenge of managing our finances as we prepare our young learners for the year ahead. The return to school after

10 Modern Lifestyle Hacks to Live Better For Less

In a world where the cost of living seems to be ever on the rise, the pursuit of a fulfilling and enjoyable life doesn’t have to drain your bank account. In this fast-paced era, we often find ourselves juggling numerous responsibilities, aspirations, and dreams. While financial stability is a crucial aspect of our well-being, it doesn’t mean we have

10 Tips for Budgeting With Your Elderly Parents

Most BudgetBakers customers are still pretty young; between the ages of 22 and 38, but the same cannot always be said for their parents, many of whom are now in their twilight years. The baby boomer generation, born between about 1946 and 1964, are starting to enter retirement in large numbers, with about 10,000 retiring every day in the

Beyond Stocks & Bonds: Alternative Investments and Their Pros and Cons

In the ever-evolving landscape of investment opportunities, traditional options like stocks, bonds, and mutual funds have long held the limelight. However, as investors seek to diversify their portfolios and explore new avenues for growth, alternative investments have emerged as a captivating realm to consider. From venture capital and private equity to real estate and commodities, alternative investments offer an

Passive Income Investment Ideas to Make Money in 2023

Ever thought about making passive money? That is, having an income that doesn’t require active work? Well, then this article is just for you. Passive income has become an increasingly popular topic among people seeking financial independence and flexibility. In 2023, keeping pace with the evolving passive income landscape and identifying the most promising ways to generate revenue is

What Are Annuities and Are They Right For Me?

When we think about long-term family financial planning, there are two main areas we tend to focus on: investment, and insurance. Usually that means stocks and bonds, or life and long-term care insurance. But there’s something else we want to take a closer look at: Annuities. With this article we’ll introduce you to them, explaining what annuities are and whether

Foodflation in the EU: How to Save on Groceries During Inflation

Food inflation is keeping Europe on its toes. Food prices in the EU have been rising and rising – faster than inflation in general. In May 2023, core inflation reached 6.13%, while food prices were up 15.4% compared to May 2022. This is partly due to Russia’s war on Ukraine, which is driving up energy and transport costs. Since

5 Investment Ideas For College Students to Start Today

As a college student, you’re on the threshold of an exciting journey filled with opportunities and possibilities. While academics and career preparations may dominate your thoughts, it’s essential not to overlook the importance of investing in your financial future. Though investing might seem intimidating or something to consider in the distant future, the truth is that starting early can

What Are Stocks?

Stocks – one of the most popular and widely discussed investment opportunities in the world. If you are new to the world of investing, you might have heard the term “stock” but may not know exactly what it means or how it works. Simply put, stocks represent ownership in a company, and buying stocks means buying a piece of

9 Rules of Thumb for Buying Insurance: A Comprehensive Guide

First, yes buying insurance is important. Nobody likes to think about things going wrong. But as Mike Tyson famously said: “everybody has a plan before getting punched in the face.” The real question in life isn’t whether things will ever go wrong, but what will happen when things inevitably do. Buying insurance is one of those facts of life,

Why Invest in Stocks

The Covid-19 pandemic was a strange time for the stock market. You probably heard about it. Maybe you even bought a few stocks yourself. The years since lockdowns sequestered billions of people in their homes with little else to do has seen a massive boom in interest in passive income and investing strategy. “Meme stocks” and the online forums

Saving In the Era of Inflation

Despite numerous rate hikes by the Fed and various national banks around the world, inflation is still projected to run at nearly double the rate that the US Congressional Budget Office (CBO) predicted a year ago, with current predictions suggesting that it will amount to about 4% for the year. So how can you save during inflation? While it’s significantly

Retirement Planning: A Step-by-Step Guide for 2023

Retirement planning can be daunting, but it’s a necessary step towards financial security in your golden years. With the right plan in place, you can enjoy your retirement years without worrying about running out of money. In this article, we’ll discuss what retirement planning is, why it’s important, and we’ll provide you with a step-by-step guide to help you

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