1. Make a realistic budget. Budgets are necessary because they are your guides to how, and what you will be spending your money on. When you go to work there is a plan for what you will be doing for the day, week, and future, so why not have one for your money? Spreadsheets should […]
Everyday we get bombarded with messages regarding what brand-new car we need to drive, what shiny new computer we need to do simple word processing or browse the internet, or what big home we need to be happy. Don’t get me wrong, I like the look and smell of new things just as the next […]
Growing up, a common question adults ask children is “what do you want to be when you grow up?” Most kids give the standard reply of a teacher, lawyer, doctor, fireman, veterinarian. Or, if you are my kids a Ninja. Nevertheless, we are conditioned from an early age to parrot a career that generates a […]
There are several ways of determining when you have reached financial independence (FI). I will outline 3 methods starting from the simplest to the most complex. As any self-respecting financial blogger tends to point out, past performance is not indicative of future results, so keep that in mind when choosing the method you are most […]
According to the Economic Policy Institute (http://www.epi.org/resources/budget/), a family similar to ours living in Maryland suburbs of Washington, DC with 3 children and 2 adults, have an average monthly budget of $7,961, with the breakdown as follows:
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