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Doug Stevenson | Bowdoinham, Maine | Finance
The Hidden Cost of Subscription Services: How Small Charges Add Up Big

The Hidden Cost of Subscription Services: How Small Charges Add Up Big

by Doug Stevenson Bowdoinham Maine | Aug 25, 2025 | Doug Stevenson Bowdoinham Maine, Finance

Streaming platforms, fitness apps, meal delivery kits, cloud storage, and even clothing rental services have transformed the way people consume products and experiences. Subscriptions offer convenience, flexibility, and affordability at first glance. However, what...
Beyond the 401(k): Alternative Retirement Savings Options You Should Know

Beyond the 401(k): Alternative Retirement Savings Options You Should Know

by Doug Stevenson Bowdoinham Maine | Aug 25, 2025 | Doug Stevenson Bowdoinham Maine, Finance

For many people, the 401(k) has long been the default retirement savings vehicle. While it is a valuable tool, relying on it alone may not be enough to secure long-term financial independence. Market volatility, contribution limits, and employer plan restrictions can...
The Psychology of Spending: How to Recognize and Change Harmful Money Habits

The Psychology of Spending: How to Recognize and Change Harmful Money Habits

by Doug Stevenson Bowdoinham Maine | Jul 21, 2025 | Doug Stevenson Bowdoinham Maine, Finance

Spending money is not always a logical act. Emotions, beliefs, and past experiences often drive our decisions more than we realize. Understanding the psychology behind your spending habits is the first step toward financial wellness. Whether it is impulsive purchases,...
Sinking Funds Explained: A Smarter Way to Plan for Big Expenses

Sinking Funds Explained: A Smarter Way to Plan for Big Expenses

by Doug Stevenson Bowdoinham Maine | Jul 21, 2025 | Doug Stevenson Bowdoinham Maine, Finance

A sinking fund is a financial strategy where you set aside a small amount of money regularly to prepare for a future expense. Unlike an emergency fund, which covers unexpected costs, a sinking fund is meant for planned, often large, purchases. Think of it as proactive...
Emergency Funds Reimagined: How Much You Really Need and Where to Keep It

Emergency Funds Reimagined: How Much You Really Need and Where to Keep It

by Doug Stevenson Bowdoinham Maine | Jun 24, 2025 | Doug Stevenson Bowdoinham Maine, Finance

Rethinking the Traditional AdviceThe typical recommendation for an emergency fund is to save three to six months’ worth of living expenses. While that’s a good starting point, it’s not a one-size-fits-all rule. In today’s economy—with changing job markets, rising...
Lifestyle Inflation: The Silent Threat to Your Financial Independence

Lifestyle Inflation: The Silent Threat to Your Financial Independence

by Doug Stevenson Bowdoinham Maine | Jun 24, 2025 | Doug Stevenson Bowdoinham Maine, Finance

What Is Lifestyle InflationLifestyle inflation happens when your spending increases as your income grows. At first glance, it may seem like a natural progression—you earn more, so you spend more. But over time, this pattern can quietly sabotage your ability to build...
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Recent Posts

  • The Hidden Cost of Subscription Services: How Small Charges Add Up Big
  • Beyond the 401(k): Alternative Retirement Savings Options You Should Know
  • The Psychology of Spending: How to Recognize and Change Harmful Money Habits
  • Sinking Funds Explained: A Smarter Way to Plan for Big Expenses
  • Emergency Funds Reimagined: How Much You Really Need and Where to Keep It

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