I was listening to a radio show over the weekend that takes callers and the host(s) try to answer their specific questions. One particular caller got me thinking about today’s post. This caller was an older woman, about 63, who had about $20k in consumer debt and still had about 100k on her mortgage. Her …
I have been reading a lot of really books lately on the state of the American economy, families, political culture and the like. Many of these books (and I hope to do a review on one I just finished called Squeezed by Allison Quart) discuss the problems and solutions that face Americans with regard to the economy …
Financial Good News and Bad News That Is Basically the Same Read More »
Over the past few years I have been an avid consumer of a variety of personal finance blogs, retirement calculators, and stories about obtaining financial security. I subscribe to several blogs, recommend several on my own blogroll (although I need to update this a bit), watch YouTube videos, and listen to a daily podcast on …
Saving for retirement is complicated enough when you’re single, but it gets a lot more challenging when you have children. You need to balance your financial needs against theirs at least till college, if not beyond. In all this, how can you manage effective retirement planning ? Make your kids a part of it! Let’s look at …
WHY SHOULD YOU DISCUSS RETIREMENT PLANNING WITH YOUR CHILDREN? Read More »
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 …
34 months ago I started this blog to tell the world about my personal finance journey. I hoped that my story of monetary stupidity would help others not make the same mistakes I had made. This blog also became a way of keeping myself accountable with specific goals and the like. But a third reason, …
On the weekends I often make it a habit to do some kind of binging. Perhaps, my binging will consist of watching a couple of episodes of a television program I haven’t kept up with. Sometimes that binging will consist of reading articles that I think are important for the upcoming week of research. Sometimes, …
I have stated in this blog that my financial journey is about creating financial independence, not retiring early. Early retirement is a big theme among many personal finance bloggers, as well as paying off debt. Mr. Money Mustache (one of my favorite PF bloggers) has an entire “cult” of people who want to retire early. MMM shows …
When I first arrived at my current job I was given the opportunity to choose two different retirement plans. I could choose their version of a 401(k) or I could choose the pension option. I chose initially the 401k plan because I wasn’t sure if I was going to stay at that job and move …