Blazing a Trail Towards Financial Independence
Last year we paid down over $56,000 in debt. One of the biggest areas of savings for us was reducing our spending on food. So, what did we do, just eat rice and beans?
Nope.
If anything, we ate higher quality food than the previous year. Meal planning made it possible to slash spending without sacrificing flavor.
Summer is here! The pools are filled, the sunscreen is out, the tomatoes are turning red, and the solstice is upon us!
Besides Summer being a great time to have fun in the sun, there are some unique opportunities for savings. Here’s 5…
Insurance. You know you need it. But can you save big bucks by getting competitive quotes? I decided I to find out for myself…
[Read more…] about Can You Save Big on Insurance? Here’s How to Find Out!
Welp, it seems like Spring lasted about 2 days. In last month’s post Spring was just arriving, now we’ve gone straight to Summer in no time flat. It’s time for the monthly net worth update. Did our net worth number grow as fast in May as Spring changed to Summer?
[Read more…] about Progress Update 6: 529 Shuffling and Crazy Tenants
By 30, you should have a decent chunk of change saved for your future self, experts say — in fact, ideally your account would look like a year’s worth of salary, according to Boston-based investment firm Fidelity Investments, so if you make $50,000 a year, you’d have $50,000 saved already. By 35, you should have twice your salary, the firm said. – Marketwatch article citing Fidelity Investments advice
There’s been quite a bit said and written in response to this article. Let’s take a closer look… [Read more…] about Less than Twice My Salary Saved by 35? Am I doomed?
A 401k is a powerful tool for reaching financial independence. But there is a decision to make. Should we invest our 401ks using pre-tax dollars or using a Roth 401k? It’s kinda like betting on horses. [Read more…] about The 401k Race: How We Placed Our Bet