May 2016 - The Outlier Model | The Outlier Model

Your Ultimate Guide to Starting a Baby Emergency Fund

starting an emergency fund, baby emergency fund, how to build an emergency fund

Chonce Maddox / May 25th, 2016 / No Comments

According to a recent poll, two-thirds of Americans don’t have at least $1,000 saved up for an emergency. While that’s scary enough to think about, what’s even worse is that families who earn six figure salaries still claim they can’t manage to save up $1,000 in an emergency fund. This tells me that this lack of saving is not just due to an income problem, it’s more likely a mindset problem...

Posted in: Uncategorized Tagged with: emergency expenses, Emergency fund, extra expenses, save more money, saving, saving stats

How to Reduce Food Waste

reducing food waste, saving food, food waste tips

Chonce Maddox / May 18th, 2016 / No Comments

The older you get, the more you probably aren’t comfortable with wasting food. Food can cost a great deal of money, and by throwing away unused food, you are throwing away the money you spend in a sense. However, if you’d like to reduce food waste and thus save money, there are several ways you can do that. Start When You’re At the Grocery Store When you’re grocery shopping,...

Posted in: Food and Grocery Tagged with: food waste, grocery shopping, leftovers

Financial Benefits of Living Off One Income

financial benefits, living off one income, financial advice

Chonce Maddox / May 11th, 2016 / 3 Comments

When you combine finances with your significant other, it’s easy to start inflating your lifestyle if you are under the impression that you will have a higher household income. However, I challenge you to go the financially savvy route and try living off of only one person’s income. A family who exercises the habit of living off one income and saving the other is the perfect way to get ahead on...

Posted in: Money Tagged with: Emergency fund, living off one income, paying off debt, relationships and money, saving

5 Real Techniques to Help you Save on your Honeymoon

budget honeymoon, frugal honeymoon, honeymoon tips

Chonce Maddox / May 4th, 2016 / 1 Comment

The perfect honeymoon is truly the cherry on top of a wonderful wedding. Honeymoons are a great way for a bride and groom to celebrate their new partnership. Some nice rest and relaxation with your significant other could be exactly what you need after a stressful planning period prior to your big day. Furthermore, if you take something like these True Pheromones with you, it is a chance to remind...

Posted in: Saving Money, Travel Tagged with: affordable travel, cheap travel, honeymoon, save on your honeymoon, travel savings tips, weddings