We Paid Off Our Van – And it Feels Awesome!
For anyone who has been keeping up with our net worth reports, you may have noticed we are working towards paying off our debt. The good news is that we don’t have a lot of consumer debt from credit cards, even though the majority of our spending is done on credit. We manage to pay […]
Continue ReadingHow to Increase Your Savings Rate When You Get a Raise
One of the easiest ways to increase your household savings rate is to take advantage of raises at your job. Actually any type of raise or increase to your income can be used to quickly accelerate your savings rate. For example, I was recently notified that I was getting a market increase at my job. […]
Continue ReadingHow to Calculate Your Household Savings Rate
If you follow any financial independence blogs or podcasts … a resounding theme is to save a lot more than you spend. Some bloggers call it “growing the gap” … which basically means increasing your income while lowering your expenses. Everything leftover would be considered savings. In order to reach financial independence one day in […]
Continue ReadingWhat Is the True Cost of Owning a Car in 2018?
After paying for housing, our next largest monthly expense comes from transportation. Not only do we have car payments (just like most Americans), but there are plenty of other expenses tied to transportation each month. The makes the true cost of owning a car a lot higher than what it may seem. For those interested […]
Continue ReadingHow Much Does It Really Cost to Own a Home in 2018?
Want to know what I consider my biggest financial mistake? Actually, it would be my wife and I’s combined financial mistake … which was buying a home that was too big for our family. About a decade ago, we bought 3,360 square foot home with a 30 year fixed rate mortgage. At the time, we […]
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