Author: Mrs. Moneyaire
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When’s the Last Time You Updated Your Beneficiaries?
Advertisements Fun fact! The designated beneficiary listed on your accounts, in most cases, trumps who is listed as an heir in your will. Also, your spouse won’t automatically inherit all your accounts unless they are designated as the beneficiary. Let that sink in for a minute. When’s the last time you updated your beneficiaries on…
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No Minimum High Yield Savings Accounts (HYSA)
Advertisements I recently wrote about a couple of banks that were (and still are) offering 5% or better interest rates in their high yield savings accounts. The two institutions I wrote about either required a $5k or $25k balance to earn the high rate. I had a few people reach out and ask if I…
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How to Calculate Your Net Worth
Advertisements “Guess how much Pete Davidson is worth?” Just about anytime we’re watching something other than Paw Patrol, I’ll pitch this question to Mr. Moneyaire. Perhaps, because we’re so conscience of what our net worth is, we find it interesting to see what someone famous is worth. Mr. Moneyaire checks up on our net worth…
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Mortgage Hack: Bi-Weekly Payments
Advertisements With interest rates in the 6-7%+ range, mortgages became a lot more expensive in 2023 compared to just a few years ago. Paying a mortgage every month can seem like a never ending story. For most people, 30 years of payments is standard – that’s 360 monthly payments. However, there’s a simple way to…
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A 15 Year or 30 Year Mortgage?
Advertisements Mr. Moneyaire and I have different philosophies when it comes to our mortgage. Mr. Moneyaire would prefer not to have a mortgage. I on the other hand, when interest rates were low, I never wanted to pay our mortgage off. Back in 2018 our mortgage interest rate was in the low 4% range. We…
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A 5% High Yield Savings Account (HYSA)
Advertisements I admit it. I’ve been procrastinating opening up a high yield savings account (HYSA). As the yields have been ticking up, so has the stock market. I’ve opted to invest most of our money into the market as of late. Still though, we had just under $10k in a Bank of America account that…
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My Time, Your Time and Our Time
Advertisements Mr. Moneyaire and I were DINKs, double income no kids. Life was pretty cool. We could do whatever we wanted, whenever we wanted. We would book last minute weekend trips to catch a ball game in another city. Once, Mr. Moneyaire informed me he was taking a two week trip with his buddy through…
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5 Penny Wise and Pound Foolish Things
Advertisements I see a trap many hardworking smart people fall into to save money. You’ll see these posts pop up from popular budgeting blogs about “easy” ways to save money. One that I thought was particularly egregious was about how to optimize loading your dishwasher. As if running only full loads will make you a…
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Roulette’s Important Investing Concepts
Advertisements Mr. Moneyaire and I both enjoy playing roulette. However, we have very different styles. Mr. Moneyaire finds the way I play roulette to be a bit annoying. I find the way he plays to be reckless. However, the way we play roulette can teach us important investing concepts. I like playing roulette. There’s a…
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New Law; 529 Plans & Roth IRAs
Advertisements One of the biggest reasons parents hold back on funding their child’s 529 College Savings Plans is the fear of overfunding it. They are afraid that they will be locking up money that can only be used for education. What if their child doesn’t go to college? The horror if their child gets a…
