What is an Emergency Fund
When it comes to financial planning one key component is to have an emergency fund. This differs from a rainy-day fund which is for...
top of page
the personal finance blog
Search
David Mulonas
Apr 12, 20214 min
The 2008 Financial Crisis
The 2008 Financial Crisis was due to mortgage defaults, MBOs, CDOs. AIG needed a government bailout to pay claims and avoid financial ruin
14 views0 comments
David Mulonas
Apr 8, 20212 min
PFT #17 - How Receipt Tracking Can Help the Budget and Save the Environment
What is good advice when managing store receipts from retailers? Some policies will give full credit, while others provide a store credit.
26 views0 comments
David Mulonas
Apr 5, 20219 min
#53 - Millennials and Their Money - We Debunk the Stereotypes and the Myths
We are going to talk about millennials, stereotypes and money. There are many myths and we'll discuss what the truth really is.
24 views0 comments
David Mulonas
Mar 31, 20212 min
PFT #16 - Personal Finance Tip: Increase Savings in the Grocery Budget by Watching Unit Pricing
Saving money on familair products with a quality mindset is a winning formula to create disposable income to control debt and build savings.
16 views0 comments
David Mulonas
Mar 29, 20213 min
What Is a Nest Egg?
A nest egg is a sum of money and other assets that are saved or invested for the future that is typiclly tied to retirement planning.
37 views0 comments
David Mulonas
Mar 28, 20217 min
#52 - The Best Way to Manage Your Stimulus Check and the Future Impact on the Budget
Let’s take a scenario and say a family of four is making under $160,000 AGI. This means that $5,600 ($1,400 per person) will be sent out.
36 views0 comments
David Mulonas
Mar 24, 20212 min
PFT #15 -Personal Finance Tip: Checking Your Credit Report and the Impact on Your Budget
You can also go to annualcreditreport.com and get a free copy of your credit report every 12 months from each credit reporting company.
29 views0 comments
David Mulonas
Mar 22, 20216 min
#51 - The Netflix Show Marriage or Mortgage: We Provide Finance Tips and How to Manage the Budget
People want the wedding and the house for the future. The wedding is a one-day event that will be in memory for years to come.
113 views0 comments
David Mulonas
Mar 17, 20212 min
PFT #14 - Reconiling the Budget When Removing Products and Services
The lesson learned here is to complete the budget tasks on a monthly basis otherwise you may be paying for things that you are unaware of.
22 views0 comments
David Mulonas
Mar 14, 20212 min
#PFT 13 - Personal Finance Tip: How to Save Money on Your Electric Bill and Improve the Budget
So what if you could follow these tips to save a few dollars on your electric bill and reduce the budget by 20% or so?
32 views0 comments
David Mulonas
Mar 7, 20216 min
#49 - I am Leaving My Job. Do I Need to Have an Employer-sponsored plan with my New Employer?
Social Security’s goal is to provide 40% replacement income and the individual’s goal is to reach 80% replacement income in retirement.
43 views0 comments
David Mulonas
Mar 3, 20213 min
PFT #12 -Personal Finance Tip: How Shopping For Medical Procedures Can Save Money on the Budget
I had a surgery estimated to cost $10,000 and after my research was complete, I switched to a new medical facility and saved $9,000.
37 views0 comments
David Mulonas
Feb 28, 20217 min
#48 - No Budget Typically Means no Planned Retirement: You Need a Fixed Budget. We'll Show you How.
According to many different surveys around â…” of people do not follow a budget or if they have one, they do not maintain it.
29 views0 comments
David Mulonas
Feb 25, 20212 min
PFT #11 - Personal Finance Tip: Buying Used Tires Online Can Be 50% Cheaper for Your Budget
Replacing tires can cost anywhere from $500 - $1,000 depending on the brand, tire rating, size and other factors. So that's expensive.
28 views0 comments
David Mulonas
Feb 21, 20215 min
#47 - The 2020 Tax Review: Why You Don't Want a Tax Return & How The Money Improves the Budget
If your standard deduction is less than the total of your itemized deductions, then you should be able to save money.
57 views0 comments
David Mulonas
Feb 18, 20212 min
PFT #10 - Personal Finance Tip: How Coffee Slowly Drips Away Your Monthly Budget
Just Imagine if you are a family of four that drinks coffee everyday; the amount of money that can be saved is staggering.
38 views0 comments
David Mulonas
Feb 15, 20217 min
#46 - 401(k) Asset Allocation with Mutual Funds in the Stock Market
A target-based fund focuses on an investor’s capital needs at a future date. It gradually shift sfrom higher-risk investments to lower-risk
44 views0 comments
David Mulonas
Feb 11, 20212 min
PFT #9 - Personal Finance Tip: 40% of the Grocery Budget is Wasted
The Bureau of Labor Statistics says the average household spends more than $7,700 per year and can be the highest cost in the budget.
47 views0 comments
David Mulonas
Feb 8, 20218 min
#45 - The 401(k) and the Roth 401(k) Review
The max contribution for the 401(k) and the Roth 401(k) is $19,500 yealry. If you're over 50, you can add $6,500 in catch up contributions.
50 views0 comments
bottom of page