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In Coronavirus and the stock market: 6 months later, we observed that the stock market has already rebounded from the shock that happened in March. That's when the Coronavirus started hitting countries all over the world. I ended the article with a small note:

Today, I'm proud to release the first of many upcoming tools to help you take control of your finance, a Compound interest calculator. As its name suggests, it's based on the magic of compounding interest. Before we go further, let me explain what that is. If you already know and understand the concept, you can skip the next paragraph and read the rest of the article to learn more about the calculator itself and how it can help you.

It's been around 6 months since we looked at the Coronavirus and the stock market and the follow-up to that article, Recession, bear market and more fun stuff that looked into more details as to the future of the stock market. It's the perfect time for an update, considering the rollercoaster that this year has been. How has the world evolved since then? Also, has it really been 6 months? I had to check the calendar a few times, but it seems so. I can't tell if it's been 2 months or 2 years at this point.

Big purchases are infrequent but have an oversized impact on your finances. Small optimization around regular expenses can make a difference in your budget, but big-ticket items are another beast. What constitutes a big purchase? For me, it's any single item over 100$. It's a simple number, and starting at that price point getting a discount starts making a difference.

In this installment of the Finance 101 series, we'll take a deeper look into the basic concept that makes up personal finance. Getting a good understanding of the flow of your money is essential for anyone. It doesn't matter if you make minimum wage or you're a lawyer, if you spend more money than you make, you'll be in trouble. Very few people track where their money goes, they simply spend what they have.