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Crypto: Future imperfect

Welcome back to our two-part series on everything Blockchain: crypto, coins, ICOs, and other “decentralized finance” concepts. We’re primarily using two books as sources for this discussion: one by the Bloomberg writer Zeke Faux entitled Number Go Up, Inside Crypto’s Wild Rise and Staggering Fall, and Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud, by the

“Cryptocurrency Unveiled: Navigating the Hype and Reality”

”Imagine if your car idled all night produced solved sudokus you could trade for heroin.” That is how one Twitter user famously described cryptocurrency during the height of the crypto mania in the late 2010s. I recently read two popular accounts of the crypto phenomenon: Number Go Up, by Bloomberg contributor Zeke Faux, and Easy Money, by Ben McKenzie

Understanding and Preparing for Layoffs

If you’re a younger millennial or a part of Gen Y, there’s a good chance you’ve yet to experience the unique joy of facing a widespread round of company layoffs. If you’re a GenX or even a Boomer, then you’ve been through times like this before, but never at your current age and station in life; so even though

The Impact of Daily Habits on Your Budget: Part Two

Financial Habits For Success: In their paper on financial planning in the Journal of Economics in 2003, Ameriks et al. posed the question of how households that begin with a similar level of wealth and income tend to diverge over time, with some becoming wealthier, while others did not. A leading indicator for future wealth was “propensity to plan,”

The Impact of Daily Habits on Your Budget: Part One

Maintaining a sensible budget is about more than just limiting your spending. After all, there will be times in your life when you’ll be able to spend more and save money easily, just as there will be times when saving will be a struggle every month. In a way, your money habits are no different from your eating habits,

Financial Markets Explained: Stocks, Bonds, and Beyond

Mastering personal finance demands more than just maintaining a budget. Once you’re saving more than you make, and you have a comfortable emergency fund, you’ll need to start thinking about how to maintain and grow your wealth. Even though inflation may now be under control, we’ve still seen a period of relatively high inflation, that left the salaries of

Navigating Retirement Planning: The Pros and Cons of Retirement Savings Accounts in the US and Europe

Retirement planning is a universal concern today. The choice of a retirement savings account plays a pivotal role in securing financial well-being during one’s golden years. While the United States and Europe have different financial landscapes, both regions offer a variety of retirement savings options. Each has its own set of advantages and drawbacks. In this article, we’ll explore

6 Smart Ways to Save on Energy in 2024

With energy prices around the world rising out of control, the biggest worry for households this winter is paying the energy bills. In this article, we’re going to talk about how to make sure you’re not overpaying for energy, with 6 simple tricks to reduce your energy footprint, and save on energy. So let’s get started! Know your Footprint

BudgetBakers’ Big Book of VOD Streaming Services (2023 Update)

4 hours and 49 minutes – that is how much time the average American spends watching TV per day. Live TV accounts for 2 hours 53 minutes, time-shifted TV for 34 minutes, and on-demand streaming for 1 hour 22 minutes. That’s according to a report from Nielsen, a global data measurement firm. According to their findings, 82% of viewers

How Automation Will Affect Your Career

The advent of ChatGPT and its many competitors certainly puts younger workers in mind of automation and its effect on their careers in the near future. In 2023, it’s unclear to most people under 40 how automation is going to affect their jobs going forward. Today we’re going to give you a brief overview of the most important short

How to Budget for a House

Today may well feel like one of the worst times imaginable to buy a home. Indeed, interest rates are the highest they’ve been in decades, and the prices of homes in most developed regions are out of reach even for the average middle class buyer. That’s why millions of people are currently struggling to find an affordable property and wondering

Budgeting For Happiness

For millennials and Gen-Z, especially in western countries, the meaning of work and a happy life have changed drastically in recent years. Especially in America, the promise of opportunities and financial stability with the help of budgeting that came with a college degree or technical education has evaporated for many of us. The cost of education has grown completely

Buy to Last: 14 Sustainable Shopping Tips

Today we live in a culture of consumption and waste. Consumers are encouraged to buy the latest, shiny new device or piece of clothing, usually at discounted prices, in bulk – the opposite of sustainable shopping. The problem is that fast fashion and other cheaply made consumer novelties are usually not made to last. Not only this, but what

Is it a Housing Crisis?

You’ve probably heard that the world is in the midst of a global housing crisis. You may have noticed it yourself, if you’ve been in the market for a new home, or even just a rental. Houses are in short supply, while prices are sky high, and the cost of borrowing is through the roof. How many “it’s really

8 Budgeting Fails You Won’t Admit Have Happened To You

Our customers at BudgetBakers are, we feel confident in saying: very disciplined in their personal finances. And yet, there are some budgeting failure scenarios that are almost impossible to avoid. This will be a light hearted post about 11 of those budgeting fails. Plus some budgeting pro tips. Ever done an epic fail of budgeting? You’re not alone! Let’s

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