So, what has been happening since August 2015? A LOT! In this time, we have purchased a vehicle, sold our other vehicle, received an inheritance, started funding our retirement much more, started putting money that we’ve saved into our sinking fund towards our vacation, among other things.
Lately, I’ve been working on building out one of our rooms in our basement and transforming it into a home theater room that our family can use to have movie night and binge watch our favorite TV shows. It’s been a dream of mine since we first looked at the house before purchase and I’ve continued to put it off for the almost six years we’ve been living there. We finally decided to take the plunge and start building it and there have been many compromises along the way.
College fund planning. Every parent has wild dreams of hoping to make their child’s upbringing a little better than their own. It is natural to strive for this and is noble as well, as long as you are not sacrificing your own retirement, otherwise we are just trading one problem for another. Over the past week, I’ve been taking some time to go over some research about how much our family is going to need to send our 3 and a half year old and our 1 and a half year old to college when they hit 18. I thought […]
So, Sunday morning I was hustling around and trying to get as much done before having to head out to church, taking advantage of my wife and kids being gone (they slept over at grandma’s house). It’s amazing the things you can get done when you are distraction free lol. Anyways, we have been going through Financial Peace University, and last week, we had the “Dumping Debt” lesson. Now, Jenni and I have been debt free, other than our house, since June 2013. But, for some reason, I couldn’t bring myself to actually close our two credit card accounts because […]
Jenni and I are working through Financial Peace University this fall and I thought I would do a companion series following the main principles and lessons from our classes. This particular article is based off of the lesson: Super Saving. If you haven’t taken Financial Peace University, I would highly recommend and encourage you check it out as it has completely changed how we handle our money and has allowed us to make a huge turn around in our finances as well as other parts of our marriage as well. What do you expect to be your greatest challenge as […]
So, this past weekend was Labor Day weekend here in the USA and for many, that meant a 3 day weekend to spend time together and with extended family. Our family got to do the same this weekend, which was nice and relaxing. Canning We were able to hang out and have a rather lazy day on Saturday where I took to some canning (1st timer here) and my neighbor walked me though. I wasn’t planning on starting canning this year, but, my neighbor had a great peach tree this year and I decided to pick some. I couldn’t believe […]
We finally finished up our 6 month emergency fund this month. Stocks put a damper on our growth, but we ended up positive over the month.
When you think of debt free, what kinds of things come to mind? Check out these 7 characteristics I’ve chosen to emulate as I take my financial journey.
I have been tossing an idea around in my head for a while now. What’s the best way to grow income? I really feel that there are two ways to do it, but only one of those ways will lead to unstoppable growth. You can get hired on to earn income, e.g. pizza delivery, work a job, etc. Trading Time For Dollars By taking a job, you are always going to be limited to the hours you can put in because you are always trading time for dollars. And we all only have 24 hours in a day. And, even though […]
Ah, the good old question of whether to keep a little bit of money tucked away into the main checking account. This seems to come up quite often with people just starting out making their budgets and starting to tell their money what to do. I thought it would be a great time to dive in and explain what a checking account buffer is, advantages and disadvantages to having it, and finally, what my family do in regards to this ourselves. If you have never created a budget yourself or need help, please check out this great guide I’ve put […]