Monday Night Finance- Volume 53

Published
Monday Night Finace Featured Image

12 Mint.com Alternatives You’ll Love: Our Top Picks for 2021

Do you track your expenses, keep a budget, or both? Chances are if you’ve done either of those activities in your life, you’ve probably used Mint.com. Owned by Intuit, Mint is a free budgeting app that boasts more than 20 million users. While the free software is a great place to get started, it lacks many features available in other personal finance software. If you’ve tried to use Mint and became frustrated, this list of Mint.com alternatives is just what you need.

Need more Mint alternatives to consider? CountAbout was created as a direct solution for users growing weary of both Mint and Quicken. The web-based personal finance software allows users to import data from Quicken and Mint, as well as automatically sync transactions from your bank accounts.

The article examines Mint.com alternatives. They are extremely positive about CountAbout and highlight some of CountAbout’s unique features. One of the most useful features is CountAbout’s ability to import data from Quicken and Mint. So if you’ve started your financial journey on Mint but want to move to a budgeting tool with more power, you can easily switch to CountAbout. They also highlight CountAbout’s invoicing and attachment features. Both of these tools are great for sole proprietorships or 1-person LLC’s. Interested in exploring CountAbout’s features? Click here for a free 15 day trial.

Ultimate Amazon Hacks: How to Save Hundreds Shopping On Amazon!

I don’t know a single person who hasn’t shopped on Amazon. It seems like Amazon can put anything on your doorstep within 48 hours. With the Echo, Amazon became one of the first companies to place smart devices in every home. They’ve grown from an online bookseller to an all encompassing retailer. Since you’re probably already shopping at Amazon, it makes sense to learn tips and tricks that can help you save money on your Amazon purchases.

We all know about Amazon’s famous Prime two-day free shipping: your package will be delivered to your door; to a secure Amazon locker; or even inside your home, your garage, or the trunk of your car with Amazon Key in 2 business days. But saving on shipping is old news. There are a myriad of money-saving opportunities available to Prime Members. Don’t know what they are? We’ve got you covered.

In this article from The Budgeting Couple, they detail five different ways to save money using Amazon. The first technique involves using a browser extension to earn cash back on purchases. I had never heard of these browser extensions and was surprised to learn how they can both save you money by finding online coupons and earn you rewards. Another way to save money on Amazon purchases is to shop “Amazon Warehouse” deals. Most of these items are open-box or contain some other defect which would make them unsellable on the normal Amazon website. While you might not be able to find exactly what you’re looking for on the Amazon Warehouse site, if you check it before going to the normal Amazon website you could save lots of money. Similarly, you could check Amazon’s Outlet site. The Outlet site also sells steeply discounted goods but in this case they are brand new. Check out the article for the remainder of the great tips for saving money on Amazon.

10 Important Reasons to Build a Nest Egg – #2 May Surprise You!

Do you have a nest egg? While most people equate a nest egg to retirement savings, there are many other reasons you might want to have money saved up. Understanding all of the reasons why you need a nest egg can help you determine how big your nest egg should be. It’s also important to make sure that your nest egg is saved and invested the correct way. If want to tap your nest egg in case you lose your job, you don’t want to have it all in retirement accounts.

According to a recent study by the Transamerican center for retirement, Americans in their 60s have a median retirement savings of less than two hundred thousand dollars. If that money needs to last for thirty years, these retirees are looking at less than twelve thousand dollars per year in retirement income.

One of the most important uses for a nest egg is retirement. At some point, we all hope to quit working and live off of our savings. Since very few Americans have a pension, they will need to withdraw money from their nest egg to meet their living expenses in retirement. The article points out that most Americans could be doing better on this front. The median 60 year old in the US has a portfolio that could sustain withdrawals of only $12,000 per year. Furthermore, the article states that nearly half of people are forced to retire before they would choose to do so. Having a solid nest egg is critical for these retirees. Beyond retirement, you may want to have a nest egg to help with family care or unexpected medical expenses. In addition to these relatively common uses for nest eggs, there are a few surprising uses as well. Check out the article for a full breakdown.