Category: Personal Finance

How Much Cash Should I Keep In My Pocket?

Cash. When things get tough, cash is king. If the total stock market falls 30%, cash holds its value. When bonds fall 10%, cash holds its value. Call it a security blanket. But it can be an expensive blanket. The expense comes in the form of inflation. The problem is, as the cost of goods and services rise, cash stays flat. It loses its purchasing power over time. A $10,000 “stack of high society” tucked...

How to Pandemic-Proof Your Finances

Max has been doing some light networking with a few other writers and bloggers out there who actually know what they are doing. One of those writers is Kim from The Frugal Engineers. Kim is a Stanford graduate and licensed professional engineer. She started her blog right around the same time I launched Max Out of Pocket and has been able to move it along at a much quicker pace. As I like to say,...

Max Out of Pocket’s 2019 Spending

The Max Out of Pocket crew had a pretty fun 2019; fun that is reflected in our 2019 expenses. That’s okay though, we are willing to spend some serious cash on the things we enjoy. I suppose some people might look at this and say we are slumming it in a dark dungeon of frugal deprivation. While others will see the same information and think we might have a spending problem. Max on the other...