Helping You Win With Money!
It can be hard to prioritize saving money, but it is of the utmost importance. I recently came across a non-profit company called SaverLife that is dedicated to helping individuals achieve financial security by getting in the habit of saving. In fact, they even offer rewards for your effort. Before you know it, you’ll not…
A monthly budget planner worksheet is so important. You may be surprised at the latest results from a survey conducted by The Penny Hoarder. The website discovered that 55% of people don’t budget at all. They also don’t have any idea how to manage their income. I think one of the biggest reasons individuals put…
No one likes to think about the possibility of dying, but it is a reality for every person. Here at Five Bags of Gold, we are all about making that time easier on the ones we love. One way to do that is with a peace of mind planner. Today, we are going to review…
When you invest, you let your money grow for you. One way to do this is to trade covered call options. Once you have a savings account, an emergency fund to handle unexpected expenses, and an established retirement account, you can move on to the next step in your journey toward financial freedom – investing!…
Christmas is my absolute favorite time of year, as giving gifts is one of my love languages. You may be wondering what’s the average Christmas budget? The one thing I try to avoid, however, is overspending. I create a budget, save throughout the year, and then shop early so I have time to find the…
Prescription drugs can be quite costly and there seems to be no regulating the price. You may be wondering how to save with GoodRx. You may have five pharmacies in your town and each one charges a different amount for the drug you need. Most insurance companies don’t offer 100% coverage for prescription drugs either,…
One of the first things I had my daughter do when she went off to college was sign up for a Discover Student it Card. This article discusses why I strongly believe this is a good move for most teens. Is Your Teen Ready? Credit cards are an excellent tool when used responsibly. Not all…
Technology has come a long way since I first started budgeting. Now there are a host of budgeting apps you can use in place of, or alongside the budgeting method of your choosing. Today, we’ll discover what is the best budgeting app for your specific needs. Best Budgeting App Here are our top picks for…
If you’re just starting out, chances are you don’t have much money to put aside for investing. You may be wondering how to invest 100 dollars. Fortunately, there are plenty of ways you can grow your money, even if you’re starting out with as little as $100. Once you know how to invest 100 dollars,…
Welcome to Five Bags of Gold! My father (Dan) and I (Alicia) created this site because we believe that everyone has what it takes to succeed financially. OUR STORY My father has always been an excellent model of good money practices. Over the years he’s managed businesses, taught at Stockton State College in New Jersey,…