March was a busy month. I sold a portion of my online business (nothing related to this website), which means I’ll be getting a chunk of money in April that will definitely help me reach my goals for the year. The stock...
Read MoreIf you’re currently renting then it’s probably a question you’ve asked yourself. Is 2013 the year to buy a house? Purchasing a home is probably the biggest financial decision you’ll ever make, so...
Read MoreThe Dow, which serves as a proxy of the stock market overall, just set a new nominal record today. Obviously, the market will do this often over time (assuming it always continued to go up over the long-run). However, each time...
Read MoreThings didn’t turn out as well in February as they did in January, largely because I owed almost $5k in taxes and had previously anticipated/saved only $1.5k. This is the reason our net worth remained flat, yet we were...
Read MoreA tax deduction reduces your taxable income by the amount of the deduction. So if you receive a $5,000 deduction, then your taxable income is reduced by $5,000. The tax savings is the product of the deduction and your marginal...
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I’m Will, the creator of HackingTheBank. No, this site isn’t about actually hacking banks. This blog is all about maximizing personal finance decisions so that we win instead of the banks.
I started this blog in 2010 when I graduated college with $43k of student loans and a negative net worth. Since then I’ve achieved milestones like getting married, buying a house, and tripling my income. During this time my wife and I managed to earn over 12,000,000 miles and points and used those points to travel to over 50 countries. And all of these points came from banks; neither of us travel for work.