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Month: March 2015

My Biggest Financial Problem

My Biggest Financial Problem

That title might be a little bit of hyperbole, but I think it goes to the heart of what I have been thinking lately. My biggest financial problem isn’t debt. It isn’t overspending. It isn’t my spouse. It is something that i have struggled with for a very long-time. My biggest financial problem is: living in the moment. For a variety of reasons, the next few months for the ROB household could be a little tight. The big reason for…

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Financial Tip Friday: Paying Off Debt? Use the Debt Snowball Method

Financial Tip Friday: Paying Off Debt? Use the Debt Snowball Method

Paying off debt can be one of the most daunting tasks of anyone trying to clean up their financial mess. I know because I am in the middle of reducing my debt from a high of $120,000 at the beginning of 2013 (currently at about $90,000. You might not know where to start? Do I pay off the highest interest first? My house? My car? My credit cards, etc? There are dozens of articles on how to pay off debt….

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Navigating College Financial Aid

Navigating College Financial Aid

Note: This is a guest post from Matthew Zehr, Content Marketing Manager for the company LendEDU. He has some helpful tips on how to navigate college financial aid. Enjoy! Navigating College Financial Aid As the month of May is coming closer, some families and their young high school graduates looking ahead for college acceptance envelopes. To some, these fat envelopes are not the end of the road. Where will they start? How much college education will cost? Graduating their students…

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Tax Mess Update

Tax Mess Update

This past weekend I did our taxes and it turns out they weren’t as bad as I thought they were gong to be. Don’t get me wrong it is still bad, like we owe more than last year, but I thought it was going to be a couple of thousands dollars more than what we paid overall. A few things saved us that I didn’t realize. 1) Charitable deductions. Before we moved into our new house Mrs. ROB and I donated a…

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74 Months For a Car Loan, Are We Nuts?

74 Months For a Car Loan, Are We Nuts?

Last week when I was driving into work with Mrs. ROB we listened to report on NPR (yes, we listen to NPR every morning and evening) about how the average car loan had ballooned to 74 months. My first reaction to this news in my head was what are people thinking? Why in god’s name would we put ourselves in debt on something that goes DOWN in value? Truth is I know why many people opt for those long-car loans….

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Financial Tip Friday: Don’t Raid Your Retirement Accounts

Financial Tip Friday: Don’t Raid Your Retirement Accounts

Let’s be honest, we all run into a bad patch financially once in a while. We might lose our jobs, have extra expenses that we didn’t see coming, increased debt because of an illness or death in the family or sometimes we just plain overspend. In these situations, our immediate impulse is to get out of the jam as quickly as possible and if we don’t have the money saved in an emergency fund one of the impulses that people…

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My Financial Investments Revealed

My Financial Investments Revealed

About a month ago I wrote a post where I had been thinking about why I had not revealed more of my/our financial situation to the blogosphere. I mean I have been pretty open about the financial mess that I have gotten myself into and how this blog is a means of keeping tabs as I dig my way out. I also have discussed why I don’t discuss specific aspects of Mrs. ROB’s finances. The basic point is that she…

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I Liquidated Our Emergency Fund

I Liquidated Our Emergency Fund

The title of this post is a bit misleading. I have blogged in the past about how I keep most of our emergency fund in my Roth IRA. I did finish the fund off at the end of December. However, as I began to investigate our tax situation I realized that I would be using a good chunk of that fund to pay our tax bill. There is NO way I want the IRS hanging over our head so I…

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Financial Tip Friday: Save Your Raises

Financial Tip Friday: Save Your Raises

I am in a lucky position compared to some of my colleagues across the country. I am in a job where I have received a raise (albeit small) for the past few years or so. And I expect to receive a raise for at least the next two years unless another devastating recession hits. In order to keep myself saving at the 15% and higher I automatically save at least half, if not all, of my raise. Now I am in…

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Our Tax Mess

Our Tax Mess

I still haven’t done our taxes yet. Part of the reason for that is I am waiting until the end of the month to increase my savings a bit so I don’t have to dip too much into our emergency fund to pay the bill. I am also still waiting for a W-2 from one of Mrs. ROB’s jobs. I think that when we moved they had our old address on file and the post office didn’t forward the document….

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