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Tag: Savings

Bank Account Bonuses: Is It Worth It?

Bank Account Bonuses: Is It Worth It?

Travel hacking can be a great strategy to maximize credit card rewards while traveling almost for free. At a high-level, the process involves applying for specific credit cards with the purpose of having access to lucrative sign-up bonuses. Travel hacking requires discipline but when done responsibly, it can yield lots of rewards. But what about bank accounts that offer sign-up bonuses? Is it worth it?

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Understanding & Maximizing Your Employer Benefits

Understanding & Maximizing Your Employer Benefits

I recently joined a personal finance community that hosts financial talks, virtual happy hours, and guest speakers. My friend Amberly came up with this great idea and it didn’t take me long to get on board. As our host, she has done a remarkable job covering relevant topics in a very refreshing manner. Concise, factual, quantitative are a few words that describe her delivery; however, the main highlight is her ability to share the message in an easy-to-understand and super digestible fashion. A couple of weeks ago she asked me if I would be willing to come as a guest to share a presentation about a relevant topic. The result was a fun chat about employer benefits.

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Why We Decided To Start An Emergency Fund

Why We Decided To Start An Emergency Fund

We were skeptical of having an emergency fund. Our reasoning was simple, parking our money in an online saving account meant losing value to inflation. In addition, we had other buckets we could tap into in case of an emergency. That was our thinking until Q1 of 2020 when a black swan decided to knock on our door.

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Our Savings Rate in 2019

Our Savings Rate in 2019

The holiday season just came to an end and it feels like the right time to go back and evaluate how well we did in the year that just passed. Both my wife and I set personal and professional goals at the beginning of the year but if there is one thing we also look forward to is calculating our annual savings rate.

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A Model To Estimate Your Savings Rate – The QDIKW Pyramid

A Model To Estimate Your Savings Rate – The QDIKW Pyramid

DIKW Rock Pyramid

I’m a big fan of the DIKW model or DIKW pyramid. It is a method that aims to explain the ways we move from Data to Information, Knowledge, and Wisdom with a component of actions and decisions. Simply put, it’s a model to look at various ways of extracting insights and value from all sort of data. It’s often depicted as a hierarchical model in the shape of the pyramid and also known as the data-information-knowledge-wisdom hierarchy.

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As Thanksgiving Approaches Think About This

As Thanksgiving Approaches Think About This

Thanksgiving is that time of the year where people get together to be grateful. Personally, I got a lot of things to be thankful for: a healthy family, friends, work, and having the opportunity to wake up to enjoy a new day. But as Thanksgiving approaches think about this …why should we be thankful for just one day during the year? why not be thankful every single day? Probably we tend to take things for granted but I consider every day as a gift. As such we should be respectful of the time we are being given and be thankful for it.

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