So you’ve read the news about climate change impacting some person that lives on an island nation in the South Pacific that is going to
Credit cards are the devil! If you have a credit card debt you will understand this statement very well. Here is why I say this.
So you want to use the F.I.R.E. method of financial independence to retire early? Well then here are the templates you will need to get
The average American consumer is a financial fool. Why would you say something like that? Because it’s true….financially. Here is why, The data we have
I recently read an article that said Millennials and the generation after them are afraid of investing. Interesting. Perhaps some education is in order. I
So we have seen FIRE works. Right then. But who does it work best for and why? Let’s find out. I have three occupations here:
You’ve heard of people saving tons of money and the retiring at age 40. Sounds great. How do I do that too? Well it’s not
Here you will find several expense tracking templates to help you in budgeting
Remember the old Steven King movie Children of the Corn? The one where they got rid of the adults and people that were too old?
Retire at 35 and sail away to Bali! What a plan! While this is admirable in my book it’s not very realistic for most people
I’ve talked about saving money during the week but the weekend is when we let it all hang out right? And that is what makes
A respected member of your church has been making big money on his investment in connection with another member of the church from another area.
Are you screwed if you don’t have an employee sponsored retirement plan? Of course not! However you are going to have to work a bit
You’ve heard of Ponzi schemes or pyramid schemes I take it. If not, let’s familiarize ourselves with that they are and how to recognize one
So let’s say you have some old items you want to cash in. What to do? How do you sell on Ebay? First investigate pricing
Routine maintenance savings Oil changes: Do it yourself if you know how. You may, need to reset service light on some cars. You can buy
Everyone has their typical daily routine. This is how I save money on a workday. 7 am: Breakfast at home of say granola bar and
Modern Monetary Theory = MMT What is it? Politicians may start talking about this in economic debates and we are already using it. The theory
Would you invest in someone’s math homework? Well cryptocurrencies are sort of like that. I want to talk about these things before some of you
Inflation. What does it mean? It means the money tomorrow is worth less than what it was yesterday. The money has less purchasing power. Have
You’ve heard of people investing in gold in case financial catastrophe hits. Is it wise? Well it depends on how bad you expect things to
I wrote this blog after seeing people around me living beyond their means, taking on too much debt and not saving enough for retirement. The
All the financial papers are talking about the next recession. When will it get here? No one knows. After nine years since the last one
Corporate discounts are often available to those who ask. So if you work for a big name company go ahead and ask when you shop.
If you rent you can try to reduce your housing costs as follows. Get roommates to share the rent. A friend of mine had the
Let’s get back to our example of Gullible Greta from the vendor financing post and change the numbers a bit. Recall she is in the
Here I am going to show you how to use a financial calculator to do time value of money calculations you would need to calculate
We often hear about unfortunate events happening at trailer parks such as say tornadoes. These potential places of disaster are also places of financial disaster.
As the cost of inputs rise companies are looking to pass those costs onto you in the form of price increases. This is a form
If you have a property and own it you can put it to work by renting it out. You can’t rent out your rental apartment
You should track all your spending each month to determine where your money is going. This is the best way to save money. Look at
If you want to trade stocks you can do that through brokers. These come in full service and discount. Most people use discount online brokers
Excellent ETFs: ETF are exchange traded funds sold on the market. They may be portfolios of stocks in a certain sector such as energy, technology,
Real Estate Funds: These funds invest in REITS and public real estate stocks. REIT= real estate investment trust. Usually they can be broad market, sectors
Mutual funds are great for beginners. Why do I think this? They allow one to get in on the action of stocks, bonds and real
Saving for college should start early to maximize compounding Take advantage of college savings plans offered by your state. The contributions grow tax free for
There are groups of people out there who are into extreme frugality. These people may grow their own food, make their own clothes, raise chickens,
Now that you know a little about saving and investing it’s time to dig in a bit deeper. Here are some resources for newbies to
If you use a lot of something buy it in bulk at a warehouse club. That 64 oz / 2 Liter bottle of ketchup will
Speaking of wines, I don’t think it’s wise to spend more than $10-$15 per bottle for most people. The reason I say that is they
Don’t smoke! It’s very expensive and the numbers over a long period of time are staggeringly large, as in buy a house large! Look at
Time shares: No, don’t take the tour and sign up! While this might seem like a good idea they are hard to sell once you
Do your own work around the house You should not be paying someone to mow your lawn, shovel your driveway, clean your house etc. No.
Many states have a bottle deposit on soda cans, water bottles, sports drinks, beer bottles and the like. The deposit is normally $0.10 or $0.05/
Beware of high financing costs baked into the payments. Always know the cost of the item and the cost of the financing. Most of the
I have mixed feelings about coupons. I don’t like to clip them. I feel couponing leads to more consumption. It’s better not to buy at
Mantra: Frugality is our rake to bring in more money so we can invest it and make more money! One does not need to be
Rule #1: Set up an emergency fund in liquid savings with 6 months of living expenses. You will need money if you get laid off
“Only little people pay taxes!” That is a famous quote from Leona Helmsley. A rich hotel owner from NYC in the 1980s. She was known
There is a subtle difference between investments and savings that many people don’t understand fully. The purpose of saving is to not spend and accumulate
Reward cards in my view deserve special mention. I don’t encourage their use as they are a form of debt unless you plan to pay
Let’s say you are working hard to pay off your debts and you want to earn some extra cash on evenings or weekends. You can
Traditional IRAs are also good also but somewhat limited in nature Contributions are made on a pre-tax basis like 401Ks One pays the taxes upon
Pickup trucks for the weekend warrior. They sure are popular in today’s economic climate. As I go to the office I see more and more
Toys, toys, toys for all the good boys. No! There is no Santa and you are adults with jobs and responsibilities. Big boy toys are
Never take debt into retirement or accumulate debt in retirement. You may have to go back to work full time! Not cool and they may
How much money will I need to retire? A lot most likely. It all depends on when you plan to retire, how long you plan
Pensions are great…. for the lucky few If you are going to get a pension that is great but increasingly rare. Consider yourself lucky. You
Roth IRAs are a supplements to 401Ks A Roth IRA is a retirement account that is funded with post tax dollars instead of pre-tax dollars.
Ramen noodles for life! Doesn’t that sound great? All the flavors in the world! Chicken, Beef, Shrimp, Jalapeno and Spicy Chicken. While these may be
I don’t like car loans. The reason for this is you are making payments on a depreciating asset with interest. People often also end up
Credit cards are the worst kind of debt. You are paying high interest on stuff you probably didn’t need to buy in the first place.
Ah student loans, seemingly so innocent when signing the promissory note but in reality deadly serious. Why do I say that? Federally backed student loans
If you take public transportation in a big city Buy a monthly pass with using a Wageworks account and pre-tax dollars if available given your
Some people say cancel the gym to save money. I say not so fast. Perhaps you can find a more reasonably priced option. Why dropping
The simplest way to save money is to not buy anything but you need to eat so let’s see how we can spend a little
The philosophy of how to live frugally and be happy. Frugal living is our rake to bring in more money so we can invest it
So let’s say you splurge and end up buying things you don’t need or regret buying later. It happens to everyone including cheapos like me.
Cutting the cord is quite popular now. Whether it is the right choice for you depends on a few things. Cable tv is most certainly
You can’t avoid them but try to minimize them Heating: Save $50 to $75 per month Crank down the heat to 68 or 67 F
The cost of subscriptions can add up fast per month if not properly managed. Each one alone seems innocent enough by themselves but together they
Dining out tends to be expensive however it is good and necessary to go out once in a while to socialize with friends and relax.
The easiest way to make money is to save money! The purpose of this site is to educate on how to use frugal living to
I used to think my boss was crazy for bringing his lunch every day to the office. However he has a second house in the
Small changes bring big savings! Let’s start with your daily caffeine habit. Chances are if you work you drink coffee and pay a lot for