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Category Archives: Personal finance
How to Recover from Bad Credit
The following is a guest post from Money Supermarket. Since the recession, countless people have found themselves facing foreclosure and bankruptcy. Although much of this is due to job loss and the high unemployment rate, out-of-control debt prior to … Continue reading
Can You Live Debt Free and Still Have Credit Cards?
The debate on credit cards vs. all cash lifestyle Lately it seems like I end up in a lot of conversations about the use of credit cards and whether or not you should use them. In one corner, you have … Continue reading
What do you do after you are debt free?
Congratulations! After months and months or even years of sacrificing your student loans are gone, you dumped your credit cards, and paid off the car note. You are debt free! The cycle of debt that you have lived before is … Continue reading
Posted in Building Wealth, Saving Money, Uncategorized
Tagged Beating Debt, debt free living, emergency fund, giving, savings
12 Comments
Why I Won’t DIY Again: Behind the Scenes
So last week in Episode 092 of the Living in Financial Excellence podcast, I shared the story of my DIY project gone bad. The lesson learned is that when you factor in opportunity cost, it’s often less expensive to pay … Continue reading
Posted in Personal finance, Saving Money, Small Business
Tagged auto repair, car repair, diy, Saving Money
5 Comments
Start talking, stop enabling, begin healing-Pt 2
Welcome back to Part Two of the saga of a family who was in an enabling relationship. Yesterday we met mom B., who had an adult daughter who wanted to move back home. Mom B. set reasonable conditions, yet the … Continue reading
Start talking, stop enabling, begin healing-Part 1
What happens when your child-who you thought had finally moved on to adulthood and in to their own place-has to move back home because of financial difficulties? Stay with me even if your children are not yet out of high … Continue reading
The Wow Factor: Getting the most bang for your buck
When you think about making a purchase, have you ever thought about rating it on a scale of 1 to 10, with 1 barely moving the needle and 10 being a big, exciting WOW?
Back in the 1990’s I came across The Tightwad Gazette by Amy Dacyczn and the revolutionary idea-to me-of actually planning your spending, living a frugal life, and the proposal noted above of a Wow Factor scale. She recommended testing all spending with this simple rule. Basically, you just need to determine how much wow you are getting for the money you are spending. Continue reading
Posted in Budgets & Spending Plans, Frugal Tips
Tagged amy dacyczn, budget, opportunity cost, spending, wow factor
9 Comments
6 Ways to Control Home Remodeling Costs
David Bakke writes about personal finance, budgeting, home improvement, and smart shopping on Money Crashers, a leading financial resource online. Now is a great time to consider investing in home improvement and remodeling ideas. Contractors are starving for work, and … Continue reading
Posted in Personal finance, Saving Money
Tagged home improvement, save money on home remodeling
1 Comment
Shopping Around to Save Money
A little time can save a lot of money If you’re a non-shopper like me, the last thing you want to do is spend lots of time browsing stores or looking through ad circulars to find the best price. I … Continue reading
Posted in Personal finance, Saving Money
Tagged best insurance rates, car insurance, grocery shopping, home improvement, Saving Money
6 Comments
Finally Getting Smart… About Cell Phone Savings
Are Smart Phones Really a Necessity? For the last several years I’ve been pretty critical of people I meet that can’t pay their bills but they have the latest smart phone with all the bells and whistles. I’ve resisted the … Continue reading
