What exactly is a saving mindset, and how will it help us to save more? This has been on my mind a bit lately and as usual, I have a couple of stories to help demonstrate what a saving mindset is and how developing one can put more cash in our pocket. Savers What makes […]
Save More! How to Develop a Saving Mindset Read More »
My wife and I are financially independent. We live in an average home, in an average town, and we take an occasional vacation. Last winter we spent a week in Key Largo. The prior year, we spent 3 days in the Red Roof Inn (near) Newport, RI off of a highway with a striking view
The Importance of Financial Independence Read More »
Unless we end each month with more money than we know what to do with, we need a budget. If that sounds like an exaggeration, it’s not. Why Do We need a Budget? Before we talk about the mechanics of creating and managing a budget, let’s talk a little about why we need one.
How to Build a Budget Read More »
In my personal finance classes, and even in my posts, I can feel people’s eyes starting to glaze over when I start to talk about budgets. They’re no fun. Most of us don’t want to be an accountant. And accountants are paid for what they do, why would we want to do accounting-stuff in our
Hate Budgets, Try This. Read More »
In my writing and in my personal finance classes, probably the least loved topic is budgets. A budget is kind of like a diet, or a new year’s resolution. It’s something we tell ourselves we should do but we don’t want to. And then like the diet and the resolution, we don’t. Making Budgets Fun!!
Budget is Not a 4 Letter Word Read More »
How much do you spend each year? Most people don’t know this number, and I would argue that it’s a more important number than your salary, your expected social security benefit, and maybe even your 401k balance. That’s crazy talk – right? Let’s look at why. How much do I spend? I won’t give you
How Much Do You Spend? Read More »
Learning to save, and making saving part of our DNA is crucial to building wealth. Saving is going to be the catalyst that allows us to build an emergency fund, make our budget work for you, and enable us to invest. What’s an Emergency Fund and Why Do I Need One? Everyone needs an emergency
We all need to save some of our income. It’s not as hard as you may think. We’ll talk about experiences my wife and I have had and some easy ways we’ve found to save money and use those savings to fund our investments. Read on for some ideas that may help. Why Save For
In a recent post, I talked about how important it is to put away a little money in order to build an emergency fund and to invest. Investing over long periods of time has been a proven way to build wealth. While there are no guarantees in investing, the S&P 500 – an index of
Even More Ways to Save A Few Bucks Read More »
My wife has been shopping Ocean State Job Lot for years. It’s a cool store, but it doesn’t have the same stuff all the time – at least in the hardware section, so I tend to skip it. The draw for many is the treasure-hunt aspect – you never know what they’ll have. Reminiscent of
Who Wants Free Stuff? Read More »
I read an article this morning about a guy who had a family, $46k in credit card debt and he was considering raiding his IRA to pay down the debt. While I applaud the initiative to address this, I think there are some things that need to happen first. There is little sense in bailing
How To Get Our Financial House In Order – Advanced Edition Read More »