Radical Finances

Don’t fear moving to a new tax bracket

Posted by Mike Pumphrey on May 22, 2017 | Featured

Do you know your tax bracket? I’d say a good number of people do. But do you know what happens when you jump up to a new tax bracket? I’d say a good number of people do not. Tax season … Read More … Read More

Tags: income, tax brackets, taxes

How much is that cheap thing costing you?

Posted by Mike Pumphrey on May 18, 2017 | Featured

I’m a big fan of purchasing responsibly. I’m not profligate with my spending, but I do feel like it’s important to spend a little extra on certain things that provide a significant return, be it personally or financially. But I … Read More … Read More

Tags: New York City, umbrellas

The moment I learned that dollar stores aren’t a good deal

Posted by Mike Pumphrey on May 15, 2017 | Featured

In 2003, I was living in New York City, working a retail job where I made around $13 an hour. (That’s a $26,000 salary equivalent.) My rent was $675, which meant that I was spending 50% of my take home … Read More … Read More

Tags: burritos, dollar stores, New York City

How to potentially double your money’s impact via lump sum debt reduction

Posted by Mike Pumphrey on May 8, 2017 | Featured

It can be hard to visualize how paying a debt off works. There’s an interplay between principal and interest. You pay money to reduce the principal, but during that time, interest on the debt has piled up, reducing the impact … Read More … Read More

Tags: debt, lump sum, payments

If you’re still unsure about what method to use to pay off your debt

Posted by Mike Pumphrey on May 4, 2017 | Featured

If you’re like most people, you’ve got some form of debt. It could be a car loan, it could be credit cards, or it could be “good debt” like student loans. No matter, it’s got to go. You need to get … Read More … Read More

Tags: debt, debt snowball

Do you want to invest in a target date fund?

Posted by Mike Pumphrey on May 1, 2017 | Featured

In 2006, Congress passed the Pension Protection Act. It’s a scintillating read. Among much else, it provided statutory authority for employers to enroll workers in retirement plans automatically, and also established criteria of “safe harbor investments” to protect employers from … Read More … Read More

Tags: investing, target date funds

Captain Obvious Reports: How not to have more credit card debt

Posted by Mike Pumphrey on April 27, 2017 | Featured

Sometimes I like to get deep into the rabbit role with details. The post I wrote immediately before this detailed the ins and outs of rebalancing your investment portfolio. An important topic to discuss, but it’s hard not to be … Read More … Read More

Tags: Captain Obvious Reports, credit cards, debt

Am I making a mistake by not rebalancing my portfolio?

Posted by Mike Pumphrey on April 24, 2017 | Featured

I believe that investing is a crucial step in your plan to become financially secure. So I recommend putting as much as you can into an investment portfolio like a 401(k) at work, or (especially) a Roth IRA that you … Read More … Read More

Tags: investing, investment, portfolio, rebalancing

What to do when your account balance is different than expected

Posted by Mike Pumphrey on April 20, 2017 | Featured

Balancing your household budget might be difficult to do, but it’s not complex. You just make sure that the money you have going out is the same amount that is coming in. (In this way, Charles Dickens’ Micawber was only half-right, … Read More … Read More

Tags: balances, budgeting, float

How I saved $600 in a year on my internet service

Posted by Mike Pumphrey on April 17, 2017 | Featured

Ever since broadband to the home became commonplace in the 2000’s, the internet bill is one that most households can’t live without. As more and more people “cut the cord” on their cable bill, home internet service is as important … Read More … Read More

Tags: bills, CenturyLink, internet service

Radical Finances

Don’t fear moving to a new tax bracket

How much is that cheap thing costing you?

The moment I learned that dollar stores aren’t a good deal

How to potentially double your money’s impact via lump sum debt reduction

If you’re still unsure about what method to use to pay off your debt

Do you want to invest in a target date fund?

Captain Obvious Reports: How not to have more credit card debt

Am I making a mistake by not rebalancing my portfolio?

What to do when your account balance is different than expected

How I saved $600 in a year on my internet service

Empathic Finance - Mike Pumphrey, AFC®

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