The average American household spends $600 per month on food, and it’s the third-largest budget category for most people. While everyone has to eat, …
I learned this lesson the hard way, and early. In that way I feel fortunate, because I learned this lesson back when I didn’t have much at all.
A myth about the people going after financial independence is that they’re all dudes in high paying tech jobs.
Penny defies all those stereotypes. Her and her husband are teachers on the path to financial independence. It’s almost as far from high paid tech bro as you can get! They live simply and cheaply after getting their finances off on the wrong foot. Literally. Penny had a problem buying designer shoes.
Ogechi Igbokwe understands how student loan debt can wreak havoc on our lives. How it robs us of our peace of mind and the ability to pursue our goals like buy a house, travel, get married or start a family.
Here’s something I’ve learned over the past fifteen years: One way to practice financial prudence while living the good life is to buy quality products, products that are a pleasure to use, products that will last a lifetime (or at least a decade).
If I am poor and don’t have money, it doesn’t help anyone else; it only serves to make me feel less guilty about my privilege.
Ugh. Does your first job out of college suck? Join the club.
One of the first harsh lessons of adulting is that sometimes you don’t get your dream job when you finish your degree.
Basically, it boils down to this: despite having a good education and a respectable job, you feel like you are a fraud, a fake, an impostor. On the outside, you might look calm, cool and collected, but if others only knew what a hot mess you really were!
Now, it is no surprise that most rich people are reviewing their goals and making goals. Author Thomas Corley, Rich Habits, found that 62% of all rich people not just set goals but they review them every single day. When is the last time you reviewed your goals?
And along comes this exciting concept, where if you put a bunch of money in, and you could talk other people into joining you, that everybody could make a lot of money. And it was all cash, and it was all fast, and it was all fun, and very optimistic and exciting.
When people discuss debt, it’s usually referenced as some sort of personal failing. Like, why can’t you pay off your debt? It’s easy. Make money, pay off your debt. Duh.
The first thing we had to do, once I added up all the debt, once I had my UGH-Sick-and-Tired Moment, we had to get real with our spending. So, I needed to see where exactly all this money had gone. We don’t live in the lap of luxury. Yeah, we have a flat screen television. The couch behind me? Bought that secondhand. Fancy car in the driveway? Nah, at the time we were driving an ’07 Honda Odyssey minivan. We really didn’t have anything to show for the almost-$60,000 in debt that we in fact had.
Here’s the thing: Teeth can be really, really expensive – really expensive and most dental is not covered by typical health insurance. Some emergency dental might be covered by your regular health insurance, but majority of dental work is something that you are going to have to self-fund or will be partially covered by your health insurance. And what’s even more frustrating is the cost of dental procedures can be totally opaque.
2018 isn’t quite over yet, which means there’s still time to squeeze in a few last-minute moves to make the upcoming tax season less …
I strive towards frugality because it wasn’t that long ago when I was very financially stressed. I learned my lesson the hard way, and although my friends sometimes give me crap for being “stingy,” I don’t ever want to repeat going through that experience again.