THE EXHUASTION OF OPTIMIZATION

I love to analyze things and enjoy looking at the math behind different concepts.  While I find it interesting I also find it exhausting and I also find the idea that everything needs to be optimized exhausting. This is in response to the endless arguments in personal finance.  These arguments include budgets and whether they […]

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HOW TO CALCULATE INTEREST

This is probably super boring for most of you but if you are reading this you must have some interest, no pun intended (OK maybe), in understanding how the interest you are being charged is calculated.  When we started paying down our debt it was important for me to understand the effect of our interest […]

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LEARN TO DRAW THE LINE

One of the critical mindsets that one develops when making strides in their personal finances is the ability to draw the line and not go past it.  This ability to just say no is where your written plan/budget becomes real and is reflected by your personal behavior.  When you draw the line and stick to […]

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US CREDIT CARD DEBT AND YOU

Americans now have the highest amount of revolving credit card debt in US history.  This is horrible news for our present and future.  While consumer spending helps keep the economy moving this amount of credit card debt takes a toll on each person who is stuck in its grips.  Credit card debt has a high […]

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AUTOMATE YOUR DEBT PAY OFF/SAVINGS

When paying off a ton a debt aggressively you need to maximize your savings as much as possible.  In fact, I’d say, whatever your goal is that you need to maximize your savings so that you can let time take care of the rest.  The best way to maximize your savings is to automate it […]

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Yes, You need a Budget

It seems to be very popular to write about how a budget isn’t necessary because “they don’t work” or “who really sticks to them?”  Well, sorry to say, yes, you need a budget and no, those aren’t valid excuses for not doing one. I honestly feel that if you want to have true financial success […]

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