Author Profile: John Schmoll

John Schmoll, John is the founder of FrugalRules.com, a personal finance blog dedicated to raising financial literacy and promoting freedom through frugality. In addition to being a Dad, MBA grad and professional blogger, John has more than 10 years of experience working within the financial services, insurance and banking industries. John has written extensively on finance, investing and credit card debt. His writing has appeared on sites such as US News & World Report and Yahoo Finance. When he is not busy talking about all things finance, John runs his owns marketing business with his wife.

4 Overlooked Ways to Pay Off Debt [Especially #3]

I know what it’s like to pay off debt. It requires discipline. It requires making sacrifices. It requires creativity. It also requires hopefulness. That’s why a recent survey showing that 18 percent of individuals expect to die in debt caught my attention. It reminded me of the importance of hope in achieving any goal, but especially in paying off debt….

What to Do When Bankruptcy Isn’t the Answer

I remember it like it was yesterday. I was facing over $45,000 in debt. My credit cards were maxed out and I had nowhere to turn. Bankruptcy, or so I thought, was the only real way out. It provided, on one level, a clean slate. I would no longer be shackled to debt and could live freely. It was the…

Why it’s Foolish to Finance A Once in a Lifetime Event

I was speaking to a family member recently about their desire to attend a potentially once in a lifetime event. I was excited for them as they were excited about attending. Full disclosure, the event in question was a sporting event. There was one minor problem. The expected cost to attend the event was in the neighborhood of $5,000. Money…

4 Simple Ways to Save Money on Christmas Shopping

I hate shopping. I hate Christmas shopping even more. It may seem like I’m a scrooge. I’m really not, I just disagree with the belief that the amount you spend directly correlates to how much you care for a person. We also see ads telling us you “have” to buy a particular item or the holiday season will be a…

Why Living on the Edge is No Way to Live

Living on the edge can be a great way to add excitement to your life. I realize the term is somewhat relative in that what may be considered living on the edge by me could be considered tame by you and vice versa. That being said, a recent survey shows far too many of us have one unfortunate thing in…

EMV Cards and Your Protection: What You Need to Know

We have heard a lot about the switch to EMV cards over the past few months. That is for good reason as the major players in the credit card industry set an October 1st deadline for merchants to install new chip card readers. While new EMV cards offer an added layer of security for consumers and additional complexities in operations…

How to Kill Your Debt Next Year

It’s hard to believe it, but this year will soon come to a close. This is a perfect time to look over the past year and begin to think about the next. When I was in the middle of paying off debt, every year around this time I would start wondering if the next year would be the one in…

3 Ways to Teach Your Kids About Personal Finance At Home

As a parent, you want the best for your child. You want to provide them safety, shelter and a foundation they can build on as they make their way in the world. That involves many areas, but one that is commonly overlooked is finances. Personally speaking, my parents did very little to encourage my financial growth as a child. It’s…

5 Ways to Avoid Debt This Holiday Season

Believe it or not, the holiday shopping season is nearly upon us. With a little over two months until Christmas you are likely already seeing ads for Christmas. That means one thing – extra spending. According to the Amercian Research Group, Americans planned to spend almost $900 on Christmas in 2014. That can be a lot of money to spend…

5 Simple Ways to Invest Like A Rockstar

When I was a stockbroker, I commonly saw people holding back from investing. Whether they had little money or didn’t know where to start the result was the same – they were not actively trying to grow their wealth. Most people I spoke to did not invest because they were overwhelmed. They simply did not know where to start. Thinking…