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What If I Spent My Money Like 90% of Americans?

what if I spent my money

Did you know that the median American savings is $0.00 each year? Since pensions are now nearly extinct and Social Security is teetering on the brink of failure, you’d think that Americans would be saving much more now than in the past. In reality, however, many are saving far less.

Take a look at the chart below. The bottom 90% of earners in America typically save less than 5% of their income each year. And, as of the year 2000, they are saving even less than that (even into the negatives at times)! Some people reason that the low savings . . . → Read More: What If I Spent My Money Like 90% of Americans?

The Absolute Best Way to Get Rid of Debt

get out of debt - doubt bigger than belief

During my four years of writing on this blog, I have published a countless number of articles to teach people how to get rid of debt. But, I have recently realized that they are all wrong. In many of them, I have provided the steps of picking out the smallest debt with the highest interest rate, and explained how you can scrounge up the money to start paying those bills and getting out of debt.

While these simple methods might work for some, I have seen a countless number of people pay off some debt, then get deeper into debt, . . . → Read More: The Absolute Best Way to Get Rid of Debt

Start Tackling Your Debt One Dollar at a Time

once you have money

Are you ready to start tackling your debt? Yes, it can seem daunting to start tackling your mountain of debt, but it IS possible! By focusing on paying off just one dollar at a time, paying off any debt is possible. Even a massive debt can be paid off sooner than you might think. Just keep your head down and keep chuggin! You can do it!

Don’t Forget Your Reasons For Getting Out of Debt

If you start tackling your debt without a real reason, then you likely won’t ever get to the finish line. For instance, if you decide . . . → Read More: Start Tackling Your Debt One Dollar at a Time

10 Quick Tips to Help You Save at the Grocery Store

save money on groceries

Trying to pare down your expenses? One of the biggest “make-it-or-break-it” categories within your budget is “Groceries.” Unlike cable TV, you can’t cut this bill from your budget. Beyond a certain point, you can’t even significantly reduce the quantity of food that you purchase. You’ll always need to eat.

Furthermore, there’s no good alternative to buying groceries. Unless you own a lot of land (with it’s corresponding property taxes), you’re unlikely to have enough space to grow most of your own produce. And even if you could, you still need grains, oils and other staples.

Here’s the point I’m trying . . . → Read More: 10 Quick Tips to Help You Save at the Grocery Store

The Brooks’ Story: How We Got Out of Debt, Saved, and Are Working Our Way Towards Financial Independence

Financial Independence

This post has been written by Sarah Brooks, a freelance writer fighting for financial independence within this world of materialism and consumption. Take a look at her awesome story below and her discoveries from her journey so far.

As a consumer living in America, we are surrounded by debt. Whether we’re adding to it, maintaining it or trying to claw our way out, debt is everywhere we turn. Debt is also a necessary evil—you have to have it in order to build your credit, but how much is too much?

When my now-husband and I met, the last thing we . . . → Read More: The Brooks’ Story: How We Got Out of Debt, Saved, and Are Working Our Way Towards Financial Independence

I Can’t Stand Lazy Squirrels

consumer debt

Nutty the squirrel didn’t really feel like gathering up nuts this fall. After all, he has worked hard for 20 seasons prior to this one. He deserves a break! Just this once he would like something good to happen to him, so this year he decided to be a little more proactive about his luck.

“Hey Rocky, how about we make a deal this year?” inquired Nutty. “I have worked hard all my life and really deserve to take a break this fall. If you gather nuts for me, I promise that I’ll gather yours for you next season. Plus, . . . → Read More: I Can’t Stand Lazy Squirrels

What is the Difference Between Good Debt and Bad Debt?

ditching debt

Having financial conversations with friends and family is often taboo, but these are my favorite kinds of discussions! A few years back, my neighbor was absolutely convinced that her car loan was “good debt” because it allowed her to get to work and earn a living. I strongly disagreed and left that conversation shaking my head. But who was right? And what is the difference between good debt and bad debt?

My Research Led Me to a Childish Outburst

When I started looking up various opinions on this topic, I came across an article from CNN Money. This is how . . . → Read More: What is the Difference Between Good Debt and Bad Debt?

You May Not Believe Me, But Debt is NOT a Financial Problem

debt

Almost every single American is earning an extremely large income each week. You may think I am joking, but I am dead serious. If your family earns more than $40,000 a year, you are officially one of the top income earners in the world. Sure, you definitely aren’t Bill Gates, but you are earning so much money that you can afford two cars, a home, electricity, indoor plumbing, and probably even air conditioning. What a luxurious life you have!

Mr. Money Mustache is an amazing blogger that recently opened my eyes to the many opportunities that Americans have . . . → Read More: You May Not Believe Me, But Debt is NOT a Financial Problem

Paying Off The Mortgage Update: July 2014

7-31-2014 12-35-13 PM

My goal starting in January (just 7 months ago) was to pay off my entire $54,500 mortgage by the end of the year. Yeah, it was a pretty lofty at the time, but I figured that if I pushed myself hard enough, I could accomplish this goal. Well…with a website downgrade from the Big G, the money hasn’t been flowing in quite like it used to, but you know I’m not going to let that stop me! The mountain has seemingly grown a little taller (which really sucks because I was already halfway up…), but I am still . . . → Read More: Paying Off The Mortgage Update: July 2014

Our Entire Financial Future, Controlled by Two Emotions

fear

Did you know that your entire financial future can be summed up with just two emotions? Your purchases, investing, saving, giving, earning, and spontaneous spending, can all be explained because of a couple basic emotions known to each one of us. However, because many of us cannot control these two emotions, we end up unhappy and broke, but have a lot of stuff.

The First Emotion: Fear

When student first graduate from college, they are met with one of the biggest challenges of their entire lives: finding their first career job. Sure, there have been jobs before, but . . . → Read More: Our Entire Financial Future, Controlled by Two Emotions