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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

Sustainable Investing: Balancing Profit and Environmental Impact

In recent years, the world has witnessed a paradigm shift in investment strategies. And that change is personified in younger investors. Today’s investors care about more than just monetary returns. Instead, they are increasingly considering the environmental and social impact of their portfolios. As the global community grapples with pressing environmental issues, sustainable investing has emerged as a powerful

Emergency Fund: Why You Need One and How to Build It

Life is unpredictable, and unexpected financial challenges can arise at any moment. Whether it’s a sudden medical expense, car repair, or unexpected job loss, having a financial safety net in the form of a fund is crucial. In this article, we’ll explore the importance of an emergency fund and provide practical steps on how to build one. The Importance

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

Setting S.M.A.R.T. Goals: A Simple How-To Guide

Welcome to the world of smart financial goal setting! Whether you’re looking to pay off debt, save for a vacation or a wedding, or build an emergency fund, having a well-structured plan can make all the difference. In this article, we’ll introduce you to S.M.A.R.T. goals, a technique that is a powerful framework to help you achieve your financial

11 Budget Friendly Ideas for Making a Difference

In a world that often seems increasingly complex and demanding, these words from Winston Churchill are a timeless reminder that the true essence of our lives is defined not only by what we accumulate, but also by the impact we leave on others. The desire to make a positive difference doesn’t have to be hindered by financial constraints. Whether

A Back to School Budgeting Guide For Teachers

Teaching is more than a profession; it’s a passion. It’s about nurturing the minds of the future and inspiring students to reach their fullest potential. However, the dedication and love teachers pour into their work are often accompanied by financial constraints that can be overwhelming. From classroom supplies to professional development, educators often find themselves navigating a complex financial

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

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

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