My son, Matthew, is quickly approaching his 16th birthday and so I’ve been giving him a few driving tutorials.
I haven’t let him get behind the wheel just yet — that’s on next month’s agenda — but it’s gotten to the point now where every time Matthew and I are in the car together, I take a few moments to pass along a tip or two regarding the rules of the
Continue reading The Unconventional Wisdom of Household Strategic Planning
Recently the Honeybee alerted me to the fact that our hot water heater was making popping and cracking sounds that she had never heard before.
This got me a bit worried because the heater was 12-years-old and I knew it was on its last legs. When a water heater dies it’s not a pretty sight.
Trust me when I say it is always better to put an old heater out to pasture
Continue reading Dear Diary: How I Fixed My Water Heater Without a Plumber and Saved $400
Food isn’t cheap.
Want proof? Then chew on this: I spent almost $12,000 in groceries last year for my four-person family, including two teenagers.
And what’s really scary is that I work very hard to keep my food bill as low as possible every year. I shudder to think how much more I’d expend on groceries every year if I didn’t try to control costs.
There are many methods for cutting your grocery
Continue reading Essential Tips for Lowering Your Grocery Bill (Part 2)
Financial freedom can be a difficult term to define, but at a very basic level it simply means controlling your own finances entirely.
In order to gain financial freedom, you have to be free of debt, able to provide for yourself, and able to prepare for your future. However, achieving those goals is often easier said than done — particularly in times of economic hardship such as those that much of
Continue reading 6 Basic Steps to Help You Achieve Financial Freedom
Let’s face it, the more choices we have in life, the richer and more rewarding it becomes.
Fortunately, I’m currently in that coveted sweet spot where I can do pretty much whatever the heck I please, whenever I want.
Don’t get me wrong. I’m not in a position to buy whatever I want, but I am able to take advantage of a lot of opportunities in life that are typically out of
Continue reading No, I’m NOT Rich. But I Am Financially Free. Here’s How I Got There.
As this penny illustrates, even the United States Mint occasionally makes money mistakes.
I’m not ashamed to admit I’ve made more than a few mistakes in my lifetime. After all, everybody screws up occasionally; for us humans, mistakes come with the territory.
For example, I remember the time I decided it would be great fun to play Wii golf for eight consecutive hours. So I did.
Unfortunately for me, my middle-aged left
Continue reading The 50 Biggest Money Mistakes Household CEOs Make
Roughly 3 in 10 people now borrow money from their 401(k) retirement plans. Generally, you can borrow half your account balance — up to $50,000 — for as long as five years. True, it’s among the cheapest loans available because the interest rate is typically the prime rate plus one percent, and interest is paid to yourself. Even so, the risks are steep; not the least of which is the
Continue reading 100 Words On: Why You Should Resist Borrowing from Your 401(k)
Yesterday I did something I rarely ever do: I threw all caution to the wind and, as a result, I made the biggest spur-of-the-moment purchase of my entire life.
Believe it or not, I spent $2462.35 on a pair of tickets to see a hockey game.
Yep; I splurged. So sue me.
Damn the torpedoes and full speed ahead.
Okay, to be fair they aren’t tickets for just any hockey game, they’re tickets for
Continue reading I Just Made the Biggest Impulse Purchase of My Life (but It’s OK)
Last month, Canada announced it would no longer mint pennies. That makes a lot of sense; perhaps America should follow suit. In 1913 the once-proud penny had 23 times the purchasing power it does now. Today, the penny is essentially worthless, its inglorious decline attributable to the pernicious effects of inflation. Ironically, each penny costs almost two cents to produce, adding to the National Debt, which is just another reason
Continue reading 100 Words On: Why It’s Time to Eliminate the Penny
Last summer my 12-year-old daughter, Nina, was extolling the fashion virtues of her hot pink Converse Chuck Taylor All-Star high-top sneakers, better known to many as simply, “Chucks.”
What I found amusing was while Nina really thought she was on the cutting edge of sartorial style, she was really just riding the latest fashion wave that has seen the popularity of those venerable basketball shoes rise and fall multiple times since
Continue reading What Goes Around Comes Around: Rising Interest Rates Are Inevitable