Money Under 30

Money Under 30 offers comprehensive insights on managing money, crafted by individuals who have experienced similar challenges. Established in 2006 by David Weliver, who successfully eliminated over $80,000 in debt within three years, this site serves as a valuable resource for financial guidance.

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How to start tending to your money

Nov 21, 2024 | moneyunder30.com | David Weliver

We’ve talked about why money management matters. But where do you begin? Start where you are. If you’re struggling to pay your monthly bills, it’s not the time to buy bitcoin. If you have credit card debt, don’t worry yet about investing in the stock market.
Why personal finance matters

Nov 21, 2024 | moneyunder30.com | David Weliver

Unfortunately, most of us don’t learn how to handle money in school. We’re taught algebra and geometry, but not budgeting. You’re lucky if you had parents who modeled good financial habits, or even made an effort to teach them. But, for many of us, we’re forced to learn how to handle money on our own. And it can be expensive tuition. What’s worse: the system is stacked against you. Everybody wants your money. Especially those that touch your money.
How to buy gold: A guide for beginners

Sep 22, 2024 | moneyunder30.com | Chris Butsch

Perhaps you’ve seen those WE BUY GOLD billboards along the side of highways. Or the South Park episode making fun of those places. Either way, you’re probably wondering if there’s an air of legitimacy to buying and storing gold as an investment — and how to do it properly. I’m here to tell you there definitely is, and buying physical gold bullion is just one of the three main ways to invest and profit from the rise in gold prices.
What estimated rate of return should you use for retirement planning?

May 14, 2024 | moneyunder30.com | David Weliver

I use an estimated average annual investment return of 6.5% (before inflation) when planning for my own retirement. I came up with this estimate based upon my individual investment portfolio, which is roughly 70/30 stocks and bonds. Your number may differ. When calculating how much money you need to save for retirement, you must estimate:How much you think we’ll spend. The average annual inflation rate. How much money you expect to get from Social Security.
How to negotiate the price of a car: Tips from an ex-car salesman

May 10, 2024 | moneyunder30.com | David Weliver

I’ve worked many jobs in my 25-year career, but few were as eye-opening as being a sales rep at a Honda dealership. Approachable and easy-going, I wasn’t bad at selling Civics and Pilots. But I didn’t last long in the business because, frankly, I’m too honest. I can’t think of many professions that have a worse reputation than automotive sales. There are, of course, good people selling cars; I’ve known a few. But even they are beholden to the industry’s opaque pricing and high-pressure tactics.
50/30/20 Budget Method Calculator

May 9, 2024 | moneyunder30.com | David Weliver

Smart personal finance is about balancing needs, wants and saving for the future. The 50/30/20 budget is a memorable rule-of-thumb that can help you do all three. The 50/30/20 rule explainedThe 50/30/20 budget was reportedly conceived by Senator Elizabeth Warren and her daughter Amelia Warren Tyagi in their book, All Your Worth: The Ultimate Lifetime Money Plan 💰 , which they co-wrote back when Warren was still teaching at Harvard Law.
How to sell bulk Pokémon cards and make some serious cash!

Apr 23, 2024 | moneyunder30.com | David Weliver |Chris Muller

If you have a bulk of Pokémon cards just lying around, taking up space, did you know that you could make some serious cash by selling them? Your old Pokémon cards can be worth a lot to the right buyer. If you’re thinking about selling your bulk Pokémon cards, there are a few things you need to keep in mind to get the most money possible for them. We’ll also touch on the best time to sell and the risks involved with selling bulk Pokémon cards.
How Much It Costs To Live Alone, And How To Afford It

Mar 19, 2024 | moneyunder30.com | David Weliver |Christopher Murray

Being able to afford living on your own is a major financial milestone, but it’s not easy. While the average single American’s annual living expenses total $44,312, the average American full-time, year-round worker earns just $60,070, according to 2022 Census Bureau data. Accounting for income taxes, this hypothetical “average” American is just getting by, with zero margin for saving. (Data from 2022 is the most recent available.
Can You Get Life Insurance If You Smoke Weed?

Mar 17, 2024 | moneyunder30.com | David Weliver |Sarah Sharkey

Smoking weed or consuming products containing THC, even occasionally, will affect the life insurance rates you pay and may affect your ability to obtain life insurance coverage from certain companies. As of March 2024, cannabis is now legal, in one form or another, in 38 out of 50 states. And Americans are taking advantage. The percentage of adults who report smoking marijuana in 2023 was 17% compared to just 7% in 2013, according to a Gallup survey.
How to build good enough credit to buy a house

Mar 3, 2024 | moneyunder30.com | David Weliver |Kate Van Pelt

You’ve found it. Your dream home, complete with the white picket fence and window boxes, or the home theater and infinity pool. You march into your local bank and proudly declare, “I’d like a mortgage, sir!” He smiles and nods and bestows upon you the keys to your brand new house. This is, of course, an appropriate timeline for buying a dream home in your dreams, but it’s far from reality.