More Than Finances

All about cryptocurrency, all the time.


Why Did Bitcoin Price Drop in December 2020?

Why did Bitcoin price drop by approximately $1k in December 2020? When I read the news on Yahoo!Finance, Coindesk, and other platforms, I found headlines announcing Bitcoin prices dropped “$1,000 In Worst Sell-Off in a Week” on December 8, 2020, and while traditional markets were comparatively stable, it wasn’t a good time for cryptocurrency in general; Ether and Litecoin are reported to have dropped as much as nine percent in one case over a 24-hour period and sources report that “all 17 free-floating cryptocurrencies besides bitcoin in the CoinDesk 20 have dropped between 6% and 12% in the past day.”

Read More


How to Use MultiBit Bitcoin Wallet

Do you know how to use Multibit Bitcoin wallet? If you don’t, there’s a very good reason for that. Simply put, you can’t. The Multibit Bitcoin Wallet was, starting in 2011 until roughly 2016, known as being an option for those on Mac, Windows, and Linux who wanted a lightweight or thin client that could open more than one cryptocurrency wallet at a time without the requirement of downloading the entire blockchain.

Read More


How To Get Free Cryptocurrency


How To Get Free Cryptocurrency

How do consumers get free cryptocurrency? Are you interested in Bitcoin or other cryptocurrency but are nervous about using your credit card or bank account to purchase it? There are plenty of scammers and hackers trying to harvest this digital currency and it’s not surprising that some are a bit gun shy about exposing their account data in a world they don’t fully understand.

Fortunately, there are ways to earn free cryptocurrency and avoid using your own funds to buy in the earliest stages of your research into digital money.

Read More


How To Do A No Spend Challenge

A new trend has been emerging among financially conscious young people. This trend is called the “no spend challenge.” And it is pretty much exactly what it sounds like. Basically, you dedicate yourself to a short or long period of time with absolutely no unnecessary spending. And it’s about as hard as it sounds!

The reasons of doing a no spend challenge can vary, depending on what the person doing the challenge wants to achieve. This financial trend could be a way to start building your savings or pay down big debts that have accumulated. Whatever the reason for starting, a no spend challenge is a great way to improve your current financial situation and reset your budget.

Here is how you do a no spend challenge in 2020:

Figure Out a Financial Goal

What is your specific reason for doing the no spend challenge? It’s important to have a financial goal in mind when going into it. This goal will motivate you and help direct where that extra money should go each month.

If you want to build your savings or start an emergency fund, then open a new account and deposit money so you don’t spend it. If you want to use your funds to pay off debt, then specify which card or loan you want to pay off. Pick the one with the highest interest rate or the one with the smallest balance if you prefer the snowball method.

Picking Your Timeframe

You can pick any amount of time that you feel is realistic for you. You can start off the no spend challenge by committing to a weekend to see how it feels. If you would like a bigger challenge, you could then extend the challenge to last a week. The big challenge is to do a no spend month. This challenge can be really difficult but is super rewarding in the end.

Set Your Own Rules

Before starting your chosen timeframe, you will need to set up some personalized rules for the no spend challenge. Obviously, you will still need to cover all your necessary expenses. This includes your mortgage, rent, utilities, insurance, basic groceries, gas, and public transport.

It’s also important to remember to make at least the minimum payments for your credit cards, auto title loans, student loans, or any other debt that you might have like. Missing even one month could damage your credit score.

Cut out every expense that is not absolutely necessary. Here are a few ideas for expenses you can and probably should cut out for the no spend challenge:

  • Rideshare or taxis
  • New clothes
  • Restaurants
  • Movies, concerts, or shows
  • Coffee shops
  • Alcohol
  • Nail salon appointments
  • Streaming services

Tips to Make Your No Spend Challenge Easier

Try and follow these tips to better stick to the no spend challenge:

  • Use Stocked Up Food

This is the perfect time to raid your pantry and freezer. All those grocery purchases have been there forever, but more than likely they are still perfectly good. Use those items to make creative and fun meals. You’ll cut even further down on those grocery bills.

  • Find Free Entertainment

Do some research on free events, festivals, or shows in your general vicinity. Depending on your city, you might have a whole treasure trove of free entertainment you never knew about.

  • Use Cash

Instead of using your debit or credit cards for your limited and necessary spending, leave them at home and use cash to avoid the temptation of spending more than what you have allotted for expenses.

Image Source:


Street Charity: Should We Give Money To Beggars?

Street Charity

Street Charity

On an individual basis, giving money to beggars (also known as street charity) may seem like a passive form of philanthropy which makes a small, albeit commendable difference to society. On a larger scale, such actions may have negative effects for an economy and those that live within it. There are several considerations to take into account when analysing whether or not street charity is advisable: opportunity costs and taxes. Read More