26 Great Money-Saving Tips from The Best Finance Bloggers

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I am sure you like money-saving tips. At least, I sure do! I really like great and original tips about saving money. So today I am going to give you many of them!

And who best to give money-saving tips than the best Personal Finance Bloggers there are? So, instead of giving you my tips, I am going to give you the best money-saving tips from the best bloggers!

Without further ado, let’s see how to save money with the best money-saving tips from the best Money Bloggers!

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How to Overcome Lifestyle Creep For Financial Freedom

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(This post was first published on ThinkSaveRetire. Thanks a lot to Steve for the opportunity of guest posting.)

My personal goal is to become Financially Free as soon as possible. As a software engineer in Switzerland, I am earning about 130’000 USD per year. As such, I am viewed as a high-income earner.

People think that earning a high-income makes it easier to become Financially Free. And on some counts, it does. But most high-income earners are not financially free and a lot of them are not even wealthy.

People believe most high-income earners are wealthy. Indeed they generally show signs of wealth such as a very good car, a large house, and very good suits. But, a lot of these people do not have any savings and accumulate large amounts of debt. They are not wealthy at all!

The main reason for that is Lifestyle Creep! In this post, we are going to see exactly what it is. I am also going through my own experience with it. And more importantly, how high-income earners can overcome lifestyle creep for Financial Freedom!

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How to buy an ETF from IBKR Mobile

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Interactive Brokers is my favorite broker. I believe it is the cheapest broker and it offers a very large array of investing instruments. It is really great!

However, there is something that is not so great with Interactive Brokers. It is simply not really user-friendly. It is really getting better, however. The main issue comes from the fact that there are four user interfaces in Interactive Brokers. That means you can buy and sell shares in four different ways!

And another problem is that the simplest interfaces are also the least advertised. If you look around on the internet, most people would advise the Trading Workstation (TWS) interface. However, this is the most complex interface. You need to know that you do not have to use this interface!

Interactive Brokers has two simple interfaces: Account Management and IBKR Mobile, their mobile application. I have already covered how to buy an ETF from Account Management. Now, I want to cover the mobile application. I know a lot of people like to trade from their phones more than from their computer.

Let’s see how we can buy an ETF from the IBKR Mobile application. We are going to see how to deposit funds, how to convert currencies and finally how to buy an ETF or any other share for that matter. Let’s get into it. I chose the VT ETF since it is a large part of my portfolio. But these steps are the same for any ETF.

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6 Steps towards a Solid Budget can make you Debt-Free

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Today’s post is a guest post by Aiden White, a San Francisco Writer. She enjoys writing about debts and many other financial subjects. She is the author behind consolidatecreditcard.org. I am happy to have her as a guest poster for the second time!

“Are you worried about your increasing weight? Did you already plan your daily gym routine and diet chart after consulting an expert?”

If I ask these questions to any normal people, most of them will answer me by saying Yes!

But what if I ask someone this – “How much debts you have?” or “are you making payments on your high-interest credit cards?” or “are you worried about your increasing debt load?”

The answers you might get would not be so encouraging, trust me. But it is also a fact that a maxed-out credit card or few unpaid payday loans may increase your debt weight more than you can imagine.

So what is the option you have? Just get out of debt and improve your financial status, that’s it! And in this case, a proper budgeting strategy will help you a lot to reduce the debt burden.

How? Read on to know more.

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How to make your Savings Rate Explode with Math

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You probably all know what savings rate are. It is simply the percentage of your income that you are saving. If you do not know your personal savings rate, you should probably start with calculating it.

The basic formula is fairly simple. You need to divide your savings by your income. And this gives you your savings rate. It seems simple, right?

Well… Not really that simple. There are many ways to calculate it. The problem comes from what you count as expenses and income. And because of that, it is extremely difficult to really compare savings rates.

And it seems to me that most people on the internet are trying to inflate their savings rate by using the computation that yields the higher number. So today, we are going to see how to increase your savings rate with math!

In this post, I am going to show how we increased our savings by 26% without doing anything! And so can you!

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July 2019 – New computer

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July 2019 was a very simple month for us. Not a lot of things happened. It was a good month from our point of view. We did not do much but we had several outings with our friends and family!

From a financial point of view. There were many unexpected expenses. However, there was also some extra income this month. Put together, it makes higher savings than usual.

Finally, July 2019 was a good month. However, I could not help to think that it could have been a great month! We had too many unexpected expenses that reduced significantly our savings rate. If we did not have the extra income from my company, this would have been a poor month.

In this post, you will find all that happened to us during July 2019!

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The 9 Biggest Blogging Mistakes I have made

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Every blogger makes a lot of mistakes in the early days of the blog. I have done many blogging mistakes myself. I am sure every single one made at least a few mistakes. And doing mistakes is fine as long as we realize and we improve from them.

Today, I want to share with you the 9 biggest blogging mistakes I did on this blog since the beginning. Hopefully, you will learn something from them and do not repeat my mistakes.

You have to remember that I am a hobby blogger with a full-time job. I cannot invest 50 hours per week into my blog in order to make it big. Even if I was a full-time blogger, I would probably still have done all these mistakes. However, I would have done them much faster.

If you think I have done other blogging mistakes, please let me know in the comments!

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What is the Best Swiss Bank in 2019?

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Everybody needs a bank account. If you have an income, you will need it to be deposited into a bank account. And you will need to pay your bills from your bank account. Unless you live completely off the grid and get paid in cash, you will need a bank account. But which Swiss Bank should you choose?

There are tons of different banks. After all, Switzerland is the country of banks (and chocolate). However, contrary to popular belief, Swiss banks are not really great!

In fact, most Swiss banks are really expensive and offer poor service. You can find much cheaper and better banks in other countries. Fortunately, this is starting to improve with some new banks that try to make things move.

Let’s see which of these banks is the Best Swiss Bank in 2019! But first, let’s start with how we can choose a bank!

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How to Build a Simple Kitchen Cabinet for 30$

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We needed a small cabinet to save some space in our kitchen. Instead of shopping for one, I decided to build a small kitchen cabinet. I really like building pieces of furniture. It is a lot of fun and it is quite cheap.

In the end, I was able to build a nice and simple white kitchen cabinet for about 30$. I only used some simple tools because I do not have a workshop. The result is not perfect but it is not too bad either. And it is much more satisfying than if I bought it.

I am going to go over the various steps of the project as well as the possible improvements. I am also detailing the cost of the entire project. Finally, I am going to talk about all that I learned during this project. Keep in mind that I am a beginner! I am still learning a lot with each of my DIY projects.

But if I was able to do that, everybody can build a cabinet at least as good as this one. And probably better if you do not do the same mistakes I did!

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Why do so many programmers choose to FIRE?

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You have probably seen that many of the prominent bloggers behind the Financial Independence and Retire Early (FIRE) movement are programmers. At least, they used to be before they retired.

I am myself a software developer or a programmer as you would like to call it. Since I discovered the FIRE movement, I have been wondering why there are so many programmers in this community.

In this article, I am going to try to answer this question. We are going to see what are software developers to start with. And I am going to list eight reasons I have found why there are so many of them trying to retire early.

If you know any more reason a programmer would want to FIRE, please let me know in the comments below!

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