Click for the personal finance angle, stay for the recipe at the end. via GIPHY Food waste is a huge problem. This piece in the Seattle Times estimates the number to be $1500 per household in the US. I waste more than I’d like, and I bet you do, too. Just like other financial hacks – like opening a high-yield savings account or diverting spending through a cash-back credit card – minimizing a painful line item like food waste can have a big effect on your annual finances. As we know, lower spending equals more savings. And more savings equals more dollars flowing into the Magic Compounding Machine, also known as your long-term investing portfolio. And more money in the …
You Should Probably Do This: Credit Freeze Edition
It’s not often there are financial things basically everyone should do, regardless of their situation. This – a free credit freeze – is one of those things. Good news! The government has done something to help you, and that would be requiring the three major credit reporting agencies to offer a credit freeze to consumers – FOR FREE. GRATIS. NADA. ZIP. Don’t take my word for it, listen to (or read) the details via NPR here. Unless you expect to be applying for credit tomorrow, it makes sense for anyone with something to lose (this means you and me) to lock down their credit. I’ve done the hard work for you below: Freeze via Equifax Freeze via Experian Freeze via Transunion Don’t forget to …
Personal Finance 101 in a Single Picture
Study up. You’re living the test. Spending the $1,000 results in an instant 100% loss in value, storing it in cash brings a 53% loss in value over 25 years, saving it brings a 22% loss in value over 25 years, but investing results in a 238% gain in value over 25 years. There are so many important bullet points to be extracted from the table above. These are lessons some people never learn and are more valuable the earlier you start: Spending money is not a great investing strategy, but prevents losses to inflation (this is sarcasm). Inflation is an absolute killer. It is the slow-churning, deadly assassin in your financial life. Even a 2% rate on cash in …
Stop Throwing Away Free Money, Emergency Savings Edition
Yeah, you. Knock it off. If you have any kind of sizable amount of cash saved outside of your retirement accounts, and many people do, then you’re probably passing up a nice chunk of change by letting it sit idle, earning little-to-nothing in interest. It’s understandable. You just accumulated it in a checking or savings account at your favorite bank, and it’s annoying to open new accounts. Inflation has been pretty low so you’re not too worried about earning nothing. And pretty much everything is better than opening a bank account. But now you can be paid handsomely all year for a few minutes of your time today. Seemingly overnight, we’re back to a more “normal” interest rate environment. The …
Q2 2018 Client Letter
I think it’s time to “round down.” What does that mean? Check it out below. [gview file=”https://aldercovecapital.com/wp-content/uploads/2018/08/Q2-2018-Client-Letter.pdf”]