Why You Can’t Retire

Last week, I read along on twitter and bit my lip as MMM tried to talk some sense into a mainstream finance writer & editor who tweeted a link to a New York Times article. Above the link, she wrote: “The basic flaw at heart of so many retirement calculations: you cannot possibly save enough … Continue reading Why You Can’t Retire

The Dark Side of Interest

Money may not grow on trees, but it does still grow, completely passively. It’s the nature of compound interest that your money is always making you more money, and that new money in turn is making its own money, and so on. You may not notice it on small scales, but it is always there, … Continue reading The Dark Side of Interest

Our Savings Snowball

In our last few posts, we discussed our financial 180, and our strategies for saving money on food, shopping, and monthly recurring bills. So far, we’ve shown how we uncovered $3000 per month, and used that cash flow to douse the fire on our mortgage from hell. But even with these extra principal payments, the mortgage … Continue reading Our Savings Snowball

Monthly Savings: Food

There’s no way to sugar coat this. Before our turnaround, we spent a ton of money on food- well over $1000 a month. Coffee shops, bars with friends, eating at restaurants twice a day, convenience foods from luxury supermarkets… if the game was spending money, we were winning. Every weekend was another celebration, and most … Continue reading Monthly Savings: Food