saving Archives - Empathic Finance | Mike Pumphrey, AFC®

You cheat not only the game but yourself when you don’t track all your spending

Posted by Mike Pumphrey on November 8, 2021 | Featured

The meme “You cheated not only the game but yourself” applies equally well to when you hide certain purchases from your spending tracking. I don’t know how up you are on your Twitch streamers, but I quite enjoy watching certain … Read More … Read More

Tags: budgeting, CarlSagan42, planning, saving, spending

You can still save for retirement after you’ve retired

Posted by Mike Pumphrey on July 19, 2021 | Featured

If your circumstances permit it, you can continue to save for your future for many years after your retirement. We tend to think of retirement as an event. One day you are working, and boom, the next day, you’re retired. … Read More … Read More

Tags: IRA, retirement, Roth IRA, saving, savings

You can save more (and not have it hurt)

Posted by Mike Pumphrey on March 11, 2019 | Featured

I’m a big fan of Ramit Sethi. (He’s the “I will teach you to be rich” guy.) I bought his Advanced Personal Finance course, and I don’t buy personal finance courses often. (I still do plan on reviewing that product here.) … Read More … Read More

Tags: saving

How do you know how much money you need?

Posted by Mike Pumphrey on November 1, 2018 | Featured

Let’s face it: you probably have no idea how much you need to save in your life. This isn’t your fault. Like so much of financial security, we’re not taught anything in a comprehensive, start-to-finish sort of way. So we … Read More … Read More

Tags: investing, saving, wealth

You don’t need to wait until you’re old or rich to see the world

Posted by Mike Pumphrey on September 20, 2018 | Featured

I’ve been in Scotland for the past week, the first time I’ve been here in about twenty years. The first time I was here was on a break from college. I had taken a spring semester off, and was planning … Read More … Read More

Tags: planning, saving, travel

Confessions of a nerdy kid, or the pleasures of saving up for things

Posted by Mike Pumphrey on May 16, 2016 | Featured

I was a super nerdy kid. If you doubt this, this story will confirm it. When I was in middle school, I became very interested in Bulletin Board Systems (or BBSs). These were computer networks that allowed you to communicate … Read More … Read More

Tags: computers, modems, nostalgia, saving, Tandy 1000 EX

Separate your savings

Posted by Mike Pumphrey on June 9, 2014 | Featured

I once went to an ATM in a tourist area (Pearl Harbor to be specific). Finding an old receipt in the receipt slot, I removed it, buy being the nosy person that I am, I looked at it before … Read More … Read More

Tags: saving, savings, savings accounts

You can determine how much things cost

Posted by Mike Pumphrey on October 7, 2013 | Featured

If I told you that you could have something you really wanted for $600, but you could also have it for $19 a month for three years, which one would you choose? If you chose the latter, I invite … Read More … Read More

Tags: cars, costs, financing, saving

How to keep your miles from expiring without spending extra money

Posted by Mike Pumphrey on September 23, 2013 | Featured

Far too many sites about travel hacking seem to talk endlessly about how to get zillions of frequent flyer miles by signing up for credit card bonuses (that require spending thousands of dollars in a certain period of time). … Read More … Read More

Tags: airlines, dilligence, frequent flyer, frequent flyer miles, saving, shopping

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