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We all know that Mr. Money Mustache is fairly good at Not Buying Unnecessary Crap. But what about necessary things, not to mention services and investment options? Many people ask me in emails which companies I like, so I thought it would be useful to put them all into one page which I can update as needed.
On this page, I list the stores and services that I actually DO use, just in case you want to check them out for yourself. I try to put some serious research into each of my choices as a consumer, but that still doesn’t mean they are automatically the best ones. If you see any areas where I could improve, let me know in the comments and I’ll look into it and possibly make the switch. If it’s a win, I’ll change my status to reflect the upgrade.
Some of these companies happen to offer commissions for online referrals. Other ones don’t. This doesn’t affect my choice, but where available, I made point of using the right type of link so that this blog will get a credit if you end up becoming a customer. It’s a nice and fully optional way to help out this blog if you choose to do so.
To me, has always been THE one-stop shop for index funds of all types. They have the lowest expense ratio and the most respect for their customers. In fact, the company is legally structured as an investor-owned entity, meaning its responsibility is to YOU as opposed to an outside group of shareholders. Read around all you like – the smartest investors will generally recommend Vanguard funds.
Recently I’ve started moving investments to a newer service called , which is basically a fancy front-end for Vanguard funds. In exchange for a surprisingly low fee ($150/year per $100,000 invested), you get automatic rebalancing and tax loss harvesting, which generally saves much more than the annual fee. Plus a very convenient smartphone (or web) based user interface which makes investing and learning about investing loads more fun.
Related Article: For over two years, I’ve been running a Lending Club “Experiment”, which involved putting in $30,000 into a carefully selected batch of their higher yielding (aka riskier) notes. So far, I’m pleased with the results – the investment has earned over a 12% annualized return. You can keep track of my monthly results with the article link below.
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Capital One 360 is my primary bank account. They offer no-fee checking and savings accounts that also pay interest – and they consistently rank close to #1 in the interest rates they pay. They are also highly competitive mortgage originators. My favorite feature, however, is the ability to link the Capital One 360 checking account to three other bank accounts so you can shuffle your money around electronically at no cost.
is a financial tracking tool that I started using in mid-2013. It is similar to Mint, and it is also free to use. But it has a greater focus on investment tracking and investment advice, and in fact the software sort of functions as an investment teacher.
If you link in more than $100k of investable accounts, the company will ask if you want them to hire them as a fee-based financial planner. All of it is optional, and you can just keep using the software for free if you prefer. but I found it interesting to go through the first free session on the phone with an adviser to learn more about what these wealth management companies actually do.
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The best thing about Mint is that it has a relatively kickass and intuitive interface that makes your financial tracking simple. The second best thing is that it is FREE. If you’re not sure where to start with getting your finances organized, Mint will help you see your financial picture with fancy graphs, pie charts and reminders.
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Do You Need a Budget?
is a simple to use (but sophisticated under the hood) bit of budgeting software that uses the principles of human habits and behavioral finance to make you more conscious and efficient in your spending. Although I was born a weirdo and always favored saving over spending myself – sometimes to a fault, this software has built a fanatical following of happy users because it works perfectly for many people who have had compulsive spending problems in the past.
SoFi refinances student loans for well-employed graduates at lower rates. They do it fast (tentative approval in minutes and funding within a reasonable number of days) and even by smartphone. But they lean towards only the safest borrowers, so not everyone will qualify.
Like most financial companies, they have a referral program. I signed this blog up for it, but then renegotiated the terms so that $300 that would have gone to me, goes to you instead. And there is no origination fee.
Check out their rates at
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Until December 2015, I had a Travelocity American Express card that offered excellent travel cash bonuses, but alas they just discontinued this program.
Currently, my bonus cards the Chase Ink Plus business and Chase Sapphire Preferred. These both offer pretty major signing bonuses in the range of $500, and I have been able to cancel each card before the introductory year ends up and sign up for a new card, collecting another bonus each year.
There are also an ever-growing number of credit cards that offer large sign-up bonuses and cash-back percentages on various categories of stuff – even without annual fees. Here is a list of referral links for other potentially good cards. It’s on a separate page to avoid cluttering up this main page:
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After using Quickbooks for 15 years, I was excited to switch to this much more efficient alternative beginning in 2016. Cheaper than Quickbooks, a Xero subscription is 9 bucks a month ($30 for larger businesses) for very intuitive online and mobile access.
Instead of a year-end crunch in front of the desktop PC, I can now effortlessly keep up with transactions as they happen using only the nicely made Xero phone app! Then simply hand off the end-of-year report to my accountant (or your favorite tax software) at the end of the year. If you’re curious try the . Towards the end of this trial, look for an email from their sales department offering a 50% discount on the first 6 months before joining.
From 2012 through 2015, both Mrs. MM and I enjoyed using for mobile phone service. It’s $10 per month for unlimited calling and texting on your choice of good low-cost smartphones, the Motorola X or Motorola G. We recently changed to Google Fi (more expensive, but with higher end phones and excellent international service at no extra charge)
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Before Google Fi showed up, I used for international trips. (Using the Republic phone internationally is free for calls, data, and text, but only when you have access to a Wifi connection. Great for hotels and the homes of friends, not so great when driving.)
Other providers:
Straight Talk is another service many readers mentioned using. They offer an “All You Need Plan“: $30 a month – 1000 minutes, 1000 text or multimedia messages, and 30 MB of data transfer. They also offer an “Unlimited Plan“: $45 a month – Unlimited Minutes, Messages and Data Nationwide anytime (although some say it’s not really unlimited, so look into it if your data usage is really high).
Other readers have recommended TracFone. Depending on your usage, you might check them out.
Others worth checking out: Platinum Tel (T-Mobile GSM), H2O Wireless (AT&T GSM), Ting (Sprint), Page Plus (Verizon CDMA), Virgin Mobile (Sprint), Republic Wireless (Sprint).
See I.P. Daley’s in the Forum for more information and discussion. Also see his , and his .
Another useful hack for cell phone service (depending on where you live) is to get a Sprint 4G unlimited data plan, with a good smartphone that can provide no-cost tethering. Then when you are home, your phone becomes a hotspot to which all of your computers automatically connect over Wi-Fi and share its fast internet access. The monthly bill for the Sprint service would be high, but you make up for it by having no separate internet access bill to pay. (And of course, you already dropped your land line and cable TV service, right?).
This one has been easy: our car insurance is obscenely cheap these days at rougly $360 per year for two cars and two drivers. I am a big fan and have been for over ten years.
(Caveat: my cars are old with no collision damage or comprehensive coverage, and we are married age-40 drivers living in a small, safe city who put very low mileage on these cars. No accidents or speeding tickets on the record. But the savings of Geico over competitors is even larger in situations with higher premiums.)
I have swapped out the house insurance several times in recent years. First I was with State Farm, but they raised the rates for no good reason one year. I restored the old rate by switching to ASI, but they too jacked up their rates unexpectedly after a year. So I switched to Safeco, and so far rates have been stable. I am paying about $500 per year for a $275,000 rebuild coverage with $5k deductible. (The property is worth about $400k in today’s market but a lot of that is the value of the land).
When using ehealthinsurance.com as the search engine, the winning policy in my case after sorting by price was a United family plan with a high deductible (10k).
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Education: The Future of Education
: Treehouse is a company that creates high-efficiency learning courses in high-demand subjects. And it is all about breaking up the old notion that education should be expensive, exclusive, and formal, and replacing it with the idea that the Internet has made information and communication virtually free. And it is information and communication with other people, rather than lifelong research tenures and ivy-covered stone blocks, that are the foundation of allowing people to learn things and produce value. ()
: actual courses from various universities, made available mostly free
: a smart and personable guy just started making some YouTube tutorial videos to teach his family and friends, and it took off, eventually getting the attention and backing of Bill Gates. Nowadays they’ve got a video library with over 3900 videos in various topics and over 225 million lessons delivered.
(a collaboration between Harvard and MIT): Big-name courses, made available for free – with options to pay a discounted fee to receive actual course credits.
: A selection of neat-sounding courses in the Artsy arena (photography, business, design, photoshop, video&film). To complete the circle of this new online world, you’ll find Tim Ferriss and Ramit Sethi on there as instructors, teaching their stuff even as they continue to run their own businesses based on the idea of learning stuff online.
: Mrs. Money Mustache has been learning Spanish (and brushing up on her French) using Duolingo. It’s free language education for the world. They currently offer free (and amazingly useful) courses in Spanish, English, French, German, Portuguese, and Italian.
: Jr. Money Mustache and Mrs. MM enjoy creating projects in Scratch. It is a free programming language for kids and a really fun way to learn to create your own interactive story and games. Jr. MM give it a thumbs up!
The Library: The library is a great place to find a lot of great free learning materials that don’t just include books. Our local library offers free online courses. Find out what your library offers.
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In March 2014, this blog started receiving some legal threats from companies who were trying to get me to remove conversations posted by other users in the forum. You can read more about one of them .
After hearing from dozens of the country’s top law firms, I chose an called Dornan Lustgarten and Troia. I worked with attorneys and because of Josh’s experience in first amendment cases and both of their lightning-fast responsiveness. They are also warm and reassuring people to work with in general. They changed my opinion of litigation and the court system from “scary” to “FUN!”
Ross Pesek has since gone on to start his own law firm in Omaha – .
If you’re a growing blogger or business owner and need help with legal issues, I could not recommend this firm more highly.
takes care of almost all my reading needs. Sometimes I read books electronically – on a laptop or smartphone. In the very rare case that I actually want to own a paper copy of a book, I’ll look for a used one at – 8 Million Used Books sold to fund literacy worldwide. Free Carbon Neutral Shipping Worldwide.
For students, I’ve heard good things about and .
I like to get the expensive staples like olive oil, nuts, cheese and coffee at Costco once per quarter, which saves our family about $1000/year on groceries . For the smaller weekly runs, I’ve grown to really like the Kroger grocery chain (represented in my area by Denver-based King Sooper’s). It is much better than Safeway in many ways, especially organic food.
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