Not too long ago, I was an avid user of an app called Digit. That app was pretty sweet. The way Digit worked was that it analyzed the cash flow and spending on my bank account using a proprietary algorithm, then every few days, it would save away small amounts of money for me that […]
Saving
How To Eat For Free (Or Cheap)
One of the things I noticed when I was working in biglaw was that whenever there was free food available, everyone came running. It didn’t matter if you were a lowly junior associate like I was or a big-time partner – free food was free food and everyone wanted it. It’s a funny thing. We […]
Your Financial Advisor Isn’t Free And Probably Isn’t Warren Buffett Either
When my brother first started making a decent amount of money, I told him that the smart thing he could do was to save as much of his income as he could, live modestly, and invest his money in low-cost, passively managed index funds. I assured him that if he did all of this, I […]
How To Roll Over Your Roth IRA From Betterment To Vanguard (And Why I Did It)
This past year, I finally went ahead and rolled over my Roth IRA from Betterment to Vanguard. It’s been a long time coming. Indeed, a year ago, I wrote a post about how I was going to do exactly that – then, of course, I procrastinated and did nothing for the next 12 months. What […]
Sub-Savings Accounts: The Best Way To Handle Short-Term Savings Goals
A reader recently asked me a question about how I recommend people handle their short-term savings goals. After crafting my response, I decided it was actually worth elaborating a little bit more about the short-term savings system I’ve used for much of my life. By using this system, I’ve been able to buy the stuff […]
A Confession: I Cut Back On Saving (And I’m Kinda Broke Now)
For the past few years, my savings numbers, I think, have been pretty good. I graduated from law school back in 2013 with zero dollars in savings and $87,000 in student loans. My net worth, obviously, was well into the negatives. Fast forward five years later and things are looking pretty different. My student loans are […]