This is the question that changed everything for me. It’s such a simple question. How many years do you want to work? Most people never think this way. When they do, the popular answers are usually “You work until you are 65” or “You work until you win the lottery”. Why do we spend so much … Continue reading How Long Will You Work?
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
The world of real estate was a strange place in July of 2007. I think at this point, mortgage lenders had an idea of what was about to go down, but still kept writing as many toxic loans as possible before their inevitable doom. Our first home purchase was one of these loans! As college students … Continue reading How NOT To Buy A House
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
In our last post, we showed how we found an extra $1000 per month hiding in our budget. While that was a great start for us, most of these savings were in bills, utilities, automotive, and other miscellaneous areas. This doesn’t give a complete picture of our spending. To better understand this, let’s look at … Continue reading Monthly Savings: Shopping