Believe it or not, I’m not against purchasing a home. I know I’ve expounded on the fact that, in many cases, renting is better than buying and have shown that paying off a house quickly can potentially reduce your wealth by hundreds of thousands of dollars, but I didn’t write those […]
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The 50/30/20 Budget
As I’ve admitted in the past, I don’t keep track of my finances with a conventional budget. Instead, I have implemented a system in which everything happens automatically. Bills are paid automatically, funds are saved/invested automatically, and money that is free to be spent is automatically allocated to specific accounts. […]
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Budgets Are Hard: How We Manage Our Finances Without One
Read almost any financial self-help book, blog, or article and one of the first recommendations will most likely be to create a budget. The authors will say things like, “Having a detailed budget is one of the keys to managing your money” or “Regularly tracking your income and expenses will […]
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Cutting Expenses Is More Effective Than Increasing Income
Just about everyone strives to increase their income over time. The more we make, the more secure we feel. When it comes to achieving financial independence, however, making more money is not always the most effective method. Don’t get me wrong, you should strive to make as much as you […]
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Pancakes Cost More Than You Think
Picture this. It’s a beautiful Saturday morning and your schedule is totally free. As a result, you’ve made plans to do exactly what any of us in a similar situation would do, eat pancakes! You travel to the finest breakfast establishment in your area, order a full stack of pancakes, […]
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Renting Is Better Than Buying
You know renting is the same as throwing money away, right? 30 years from now you’ll look back and regret not purchasing a home sooner. Why haven’t you bought a house yet??? My mortgage payment is less than your monthly rent! You could own a home for what you’re paying. […]
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Best Strategy To Erase Debt, For Good
Debt. It gives us spending flexibility by providing the resources to purchase big-ticket items we’d otherwise be unable to afford. It allows us to delay payment on purchases and to spread the total amount owed into smaller sums, paid overtime. The process for accessing debt can be as easy as […]
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