Making smart financial decisions. Learn how to budget and use other financial tools to reach financial independence and retire early.
So you are making more money than you spend. You have extra cash available each month, what then? When it comes to extra cash, I know three types of people: A) The ones who can’t have cash and will spend it all. The moment they have extra cash, they go on a shopping spree. B) […]
There is a lot of talk about budgeting, but you do not hear about net worth tracking as much. Budgeting is just one part of the wealth equation. Budgeting tracks your income and expenses which is key. However, tracking your net worth tracks your wealth. It gives you a complete picture of your finances. Are […]
A lot people dislike budgeting. I totally get it, I did too! The word budget itself comes with a stigma. Budgeting is often seen as restrictive and boooring! I am not going to say budgeting is a lot of fun, but it can be. So how did I go from hating budgeting to loving it? […]
One of the reasons I had a difficult time taking budgeting seriously was because I didn’t want to be captain buzz kill. My overall thought was that you couldn’t have fun and also be on a budget. However, ever since I became serious about budgeting, I’ve actually been able to plan and do more of […]
It’s that time of the year and while Ryan and I don’t have a huge family or lots of friends, we still have a good amount of gifts to buy during this time of the year. Mostly because our parents birthdays also fall in the vicinity of the holidays. In the last few years, we’ve […]
Becoming Financially Independent requires some sort of discipline when it comes to managing your money. Yes, I know. It’s boring and dreadful. Wouldn’t it be nice if we didn’t have to put any effort. There are people who are savers, great with money and don’t even need to budget and that’s great. The majority of […]
Teenagers are exposed to so many new learning opportunities that it’s difficult to imagine that one of the most critical aspects of their adult lives (personal finance) is not sufficiently addressed for the majority of children until they graduate from high school. I find myself, more than three decades after my adolescent years, determining what […]
The other day I was listening to this podcast and they made a comment that keeps nagging at me. “If you have personal debt, you should not invest. Period.” Outchhh! It’s not the first time I’ve heard it, but this time, it felt so personal! Like I’ve been called out! It probably felt that way […]
I talk about budgeting quite a lot and some people think Ryan and I live a miserable life because we let a budget rule our life. However, it is thanks to budgeting that we are able to take risky investing decisions without worrying whether or not we’ll be able to meet our obligations. Of the […]
I’ve mentioned in my previous posts how I neglected my finances for a long time. The funny thing is I budgeted for years before I got serious about my financial situation. You would think I knew what I was doing, but I had no idea. Back in 2015, I started my first professional job out […]