Bitcoins have become quite popular in recent press, with the infamous Winklevoss Twins (of Facebook fame) apparently owning 1% of all Bitcoins so I thought I might come, rather late, to the party and see if there was an opportunity here for me. Of course, being one for travel hacking I was immediately thinking is […]
Hey – what are you REALLY Teaching your kids about saving with your first piggy bank? Teach your child to save money the right way
This subject annoys the heck outta me, as I hate waste and I hate seeing ignorance past down from generation to generation. The basic idea behind a Piggy Bank is a tool to teach your child to save money – you make it a cute pig shape and clap like a demented Sea Lion when they […]
Time to save on your ESCO, Summer is coming, so is Air Conditioning and a whopping electric bill
An ESCO is an Energy Service Company. These are businesses that Supply your home with Energy. There is a lot of confusion when it comes to understanding the role of an ESCO, which I hope to address in this post. Firstly, your energy bill comes in two parts, Supply and Delivery and by changing your […]
Why you need to learn how to use a pen and paper to be in control of your finances
I’m a big proponent of using online tools from firms like Mint and Personal Capital to help track your finances, I also use elaborate spreadsheets to keep track of my budgets and cash allocations. For taxes, I love the organizers that make our lives simple from places like H&R Block and TurboTax, plug in your […]
An Introduction to ROTH IRAs
Individual Retirement Accounts (IRAs) come in two forms, they are either called a Traditional IRA or a Roth IRA. Both of these have annual salary cap restrictions, which change each year and are different based upon your filing status. They operate on a Phase Out system, as follows: Roth IRA Salary Limits 2014 Traditional IRA […]
My First Insurance Claim
I have to admit that I hate insurance. The insurance industry is designed to profit from the fear that something will happen to something that you perceive is important to you, uses complex risk assessments on the likelihood of that something occurring and then adding a nice bit of juice on the top to cushion the blow […]
Kindle Library Books
I am kicking myself over this one. I joined the New York Public Library over a year ago when I heard a rumor that Libraries would start carrying Kindle Library Books which would be available for download for their members. Then thought nothing of it as things hadn’t really materialized.However, recently Mrs Saverocity started downloading and reading […]
What can we learn from the Cyprus Bailout? A lesson in diversification
I’m currently far from the madding crowd vacationing in the Indian Ocean, however the luxury resort that I am staying in (with a price tag of $2500 per night – thanks Hilton for the free stay on points!) comes with WiFi so I get to see a little of what is going on in the […]
Portfolio Rebalancing for Passive Investors
Portfolio Rebalancing is a key concept to the Passive Investment Strategy, ironically it is the time when you actually actively trade your portfolio which may seem counter intuitive at first when advocating a Passive approach, however it makes a lot of sense once we understand the concept. Portfolio Rebalancing is the process you go through […]
Asset Allocation for Passive Investors
Passive Investing is a strategy that focuses on holding a broad mix of securities within Low Cost Funds and ETFs, the primary concept behind such a strategy is two fold:Firstly, that you cannot beat the market by guessing which firms will be winners and which will be losers, so you buy the entire market. Once […]