About · Press · Contact · Write For Us · Top Personal Finance Blogs
Featured In:
David Bakke
David started his own personal finance blog, YourFinances101, in June of 2009 and published his first book on ways to save more and spend less called "Don't Be A Mule..." Since then he has been a regular contributor for Money Crashers. He lives just outside Atlanta, GA and most all of his free time is taken up by his amazing three year old son, Nicholas.

When is The Right Time To Learn About Health Insurance?

By David Bakke

what you need to know about health insuranceNumerous times in the recent past, I have come to learn things about my employer-based health insurance policy that I wish I would have known before. I recently found out the hard way that the deductibles on my policy are tracked separately for each covered member, that my prescription drug plan leaves a lot to be desired, and that there are a lot of procedures that are not covered that I assumed would have been. Put simply, I have recently been hit with a lot of sobering news about the health plan that I signed up for. After calming down a bit, and after getting over feeling like an idiot, I began to examine the problem.

Click to continue reading...

How To Feel Like You Take Free Vacations All Year

By David Bakke

free vacationsUp until a few years ago, vacations in my life were always a non-budgeted expense for me. Sometimes I had the money for them and sometimes I did not. I never made any plans for them and never saved up for any of them. I decided to change that in my life for a few reasons. And for the past few years, I have been able to take vacations seemingly without spending any money out of my wallet.

Everything Should Be Budgeted

Click to continue reading...

Could Your Finances Survive a BP Oil Spill?

By David Bakke

The oil currently gushing out of the Earth into the Gulf of Mexico is a tragedy of epic proportions. While I was watching the updates on television, I began to think if my finances and my family could survive such a catastrophe. What I mean by that is, If I died tomorrow, or were suddenly unable to work for an extended period of time, how would my wife and son be able to get along without my income? The thoughts were many and sobering to say the least. If I were not married and had a small son, I guess a lot of these points would be moot. But in my situation, I realized that there are a lot of things that I can do now, or look into now, that would make that time more tenable for my loved ones.

Click to continue reading...

The Only Skill You Need to Get Out of Debt

By David Bakke

eliminate debt quicklyBack when I was in debt, I was hopelessly in debt to the tune of about $30K. And I was unemployed and living with my parents. When the topic comes up in conversation now, the first thing that people ask me is “How did you do it?” For anyone who’s been there, obviously, the answer is complex. For me, it was a lot of things. But, at the end of the day, the question most people ask is: “What is the most important thing you need to do to get out of debt?”

Click to continue reading...

Iberia Bank Credit Cards Review – From Gold Cash Back Rewards to Platinum

By David Bakke

I’d like to consider myself a connoisseur when it comes to credit cards. Since I have learned how to use credit responsibly in my life, I have found that I have had differing needs at differing points in my life. I have also learned that more often than not, there is a credit card out there specifically tailored to those needs. It is important to do research each and every time you are looking for a new card. Many times you can find the card you need from one of the “heavy hitters” (Chase, Citi, Discover) without much research at all. Other times, you have to dig a little deeper. One thing I have learned, it’s not the size of the bank that matters or how “big” their name is. A lot of times, you can find great credit card deals from some of the smaller players.

Click to continue reading...

Reduce Food Waste in America – Why You Need a Refrigerator Conscience

By David Bakke

throw away less foodI’ll get right to the point. I hate waste. I absolutely despise it. Specifically, food waste. So many of us do our best each week to save as much as we can at the grocery store, yet when it comes to what we actually do with this food once we buy it, we drop the ball completely. That, my friends, is why we should all have a “refrigerator conscience.”

What is a “Refrigerator Conscience?

Click to continue reading...

Can You Still Fight City Hall And Win?

By David Bakke

fight city governmentThere is this phrase from long ago that you can’t fight city hall and win. Well, I am in the process of finding out if this is still true. Normally, my posts are geared towards providing you with some little “pearl of wisdom” that you can incorporate into your everyday lives in order to either save money, spend less, or generate extra income in some way.

Click to continue reading...

How To Prepare A Will Yourself

By David Bakke

how to prepare a willHaving a will prepared for yourself for the benefit of the loved ones you leave behind can go a long way in simplifying what will obviously be a very difficult time for them. There will already be a million other things that need to be taken care of like helping them know how to divide up what you leave behind, a task that can very troubling and frustrating without your help. This can seem like quite an overwhelming task (and maybe even a little morbid) but to me it is a necessity. I think we all would want to do everything in our power to make this time as stress-free as possible for the loved ones we leave behind. My research has uncovered quite a few ways to put together this will without seeing a lawyer or anything like that. It can basically be a “do-it-yourself” kind of process which can also save you a lot of money.

Click to continue reading...

How To Lose Weight on a Budget

By David Bakke

lose weight on a budgetSo, summer time is here and if you haven’t done so already, now might be the time to try to shed some of these unwanted pounds around your waist line. As always, there is a right way and a wrong way to go about doing this. Actually, what I mean is that there is a wasteful way to do it and a “frugal” way. Since you’re reading this article, you probably want to hear the frugal way to do it.

My Own Little Roller Coaster

Click to continue reading...

The Golden Rule of Credit Cards

By David Bakke

avoid credit card debtI remember this day like it was yesterday. After many years without credit cards, there was finally a credit card company out there willing to take a chance on me. I was not completely out of debt yet (I was probably about halfway there). My old credit cards had long since been cut up. I was at a point where I still wasn’t allowed to have bank accounts and still owed my parents lots of money, but I had been making progress. Facing a mountain of about $20K in overall debt, I was somewhere around halfway home. Ten thousand paid off, ten thousand still to go.

Click to continue reading...

Do It Yourself or Hire A Contractor?

By David Bakke

DIY or bring in the prosSomething that has progressed along quite nicely with my ability to get and stay out of debt was and is my ability to fix things. Back when I was mired in debt, I barely knew what a screwdriver was. In the recent past, I have accomplished such tasks as changing out electrical fixtures in my household lighting, replacing a kitchen faucet, installing a privacy fence in my backyard, and a wide variety of car repairs. Maybe not so amazing on the grand scale of things, but considering where I came from, it has worked out pretty well.

Click to continue reading...

Lessons from a Three Year Old: Everybody Makes Mistakes

By David Bakke

how to fix financial mistakesKids say some pretty cute things. I think we can all agree on that. My three year old, Nicholas, is no exception. I have no idea where he gets some of the stuff that comes out of his mouth. Most of it is humorous, but some of it is quite enlightening. His latest quip is that whenever he gets caught doing something he knows he shouldn’t be doing, or whenever he makes some sort of “mess” around the house (which these days is quite often), he looks up at me with his big brown eyes and says “Daddy, everybody makes mistakes.”

Click to continue reading...

Ten Things I’ll Never Buy Again

By David Bakke

household cleaners to never buy againAn obvious way to impact your personal economy is to save as much money as you can on the things that you buy. Smart shopping, paying attention to sales, couponing and so forth all go a long way towards accomplishing this goal. However, for those of you who are just getting into the “frugal living” game, it can be overwhelming at first. As a matter of fact, the first few times I set out to do it, it seemed so overwhelming to me that I just gave up! If you want to start living a better financial life but don’t know where to start, I say start simple. Listed below are ten things that you virtually NEVER need to buy. And this is by no means a comprehensive list.

Click to continue reading...

Personal Finance Round-up: School’s Out–Family Vacation Time!

By Money Crashers

School should be out in just about all parts of the country by now. So, for us parents, that means finding activites and so forth to occupy our children for the next three months. And high on that list of options is a family vacation. For those of us on a budget (and who isn’t if you’re a parent), cost is definitely a factor when planning a family vacation. But an article I read recently over at Help Me Travel Cheap raises the question: Should you take your own car on your family vacation or consider renting? My first reaction would be to take your own car all the way, but after reading this article, I almost became convinced that renting might be the better alternative. Check it out and make your own call.

Click to continue reading...

Is Buying An Extended Warranty Ever A Good Idea?

By David Bakke

never buy extneded warranty for laptopI have long been of the belief that extended warranties offered on any product are an absolute waste of money.  The benefit that you get out of them is usually zero, and most companies know that.  For the majority of all products which generally have this extended warranty, their average lifespan far outweighs the short time of these extended warranties. On a side note, I am the type of person that likes to buy a brand new electronic (whether it is a laptop, flat screen TV or something else) and keep it for a long time.  So if there were ever a person that an extended warranty was designed for, it would be me.

Click to continue reading...

Links monetized by VigLink