F.I.R.E. is an acronym used for Financial Independence/Retire Early. This can also be shortened down to just FI, some people don’t like to mention the retire part. Perhaps because when you think of retired you’re not picturing a 30 or 40 year old. Whatever the reason, its still the same general idea. For the purpose of this post we will just stick to the basics and keep it sweet and simple. Continue reading
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Each month we all have a certain number of reoccurring bills that we cannot avoid; utilities, cable, insurance . . etc. Even for those who are debt free, retired, have financial freedom or independence, they still have to pay for the basics. Here are some ways we save on our monthly bills. Continue reading
Recently we came across a post from Adventure Rich on Twitter and it seems they were inspired by a post from 99to1percent about a 40 Day Frugal/Financial Lent Challenge. We have always loved a good challenge and decided to accept the challenge as well! Today we will join them and many others as we challenge ourselves to do something frugal starting today Wednesday February 14th until Saturday March 31st, about 40 days.
Believe it or not choosing what to do for the challenge was a little hard to narrow down. It was hard to come up with ideas that we could do constantly for the entire 40 days that would save us money. There were a few we could knock out in a day or so, but we felt that wouldn’t be appropriate for this challenge. So over the next 40 days we have decided on two things that we feel we could successfully commit to and would save us money.
It seems like everyone is going to college these days, especially when you hear that about 44 million Americans now hold around $1.5 TRILLION in student loan debt! Thats’s a lot of people going to college . . and a lot of debt! With the average loan amount being just under $40,000 per student, that’s a big debt to have to tackle so early on in life. Some degrees are not as big a burden due to their high starting salaries and can be quickly paid off. But when that $40,000 debt gets you an average salary of less then $50,000/yr it can make life a little more challenging.
When I was a senior in high school I dreaded that infamous question; “What are you going to do after you graduate?” At first I just told people what they wanted to hear. “Oh, I am going to go to college and become a doctor!” Soon after saying it enough times I guess I had convinced myself that I was going to college to become a doctor. After attempting college and pursuing pre-med I quickly realized that I was really not as interested in becoming a doctor as I thought I was and my grades started showing it. I would take some classes here and there over the next few years, but never received my degree. Continue reading
There could be a reason why those two words rhyme and go together so well! In order to have one you will need the other, at least to a certain point. If you look around at some of the wealthiest people they all have similar habits. Most get enough sleep, eat healthy and do some kind of exercise. It could be running, weight lifting or even yoga or meditation. Some of the most successful people not only pay attention to their money, but they also pay attention to themselves and their bodies. If the body need rest, give it rest. If the body needs better substance then give it the good stuff! Continue reading
One of our goals for 2018 included paying off our credit card debt. We currently have 2 credit cards with a total of about $10,000. We totally understand that for some thats not a substantial amount, but for us its big! Both credit cards have the same interest so its kind of a coin toss as to which one to tackle first. Continue reading
I really feel like 2018 is going to be an amazing year! In the past few years there have been a few ideas that go through my head every January of things that I would like to accomplish or do different and sadly that was where they stayed, in my head. I like to think of 2017 as my year of awakening, when I started learning new financial ideas and how to put them to use for us. With that being said I have decided to set a few goals for myself and our family; some financial and some personal. Continue reading