Tag: budgeting
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4 Easy Financial Rules and Principles I Use to Increase My Net Worth
As I have crawled out of my terrible money situations in my 20s to being debt free and on the road to becoming financially free, I have practiced these easy financial rules to increase my net worth without stressing. 1. When budgeting, be conservative with your estimates or increase the actual amount as a cushion…
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11 Money Habits and Tips I Wish I Knew When I Was In My 20s And Still Helpful Today
A while ago, I wrote a piece about a conversation I was having with a colleague and the money tips I gave to a person in their 20s. In reality the money tips should be helpful no matter what age you are. This post is inspired by the many readers from the sports cards community…
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Podcast Episode 2 Sharing My Embarrassing Money Moron Moments and How Podcasts Saved My Financial Life
Although my About OMG My Money page has details on my personal finance journey, I think hearing the money moron moments directly provides another layer of OMG-ness. In this episode I share my embarrassing personal finance disasters, how I became debt free, and how podcasting saved my financial life. Why Start OMG My Money I…
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Best Ways to Pay Off Student Loans Faster
I am very excited to have this guest post from Rakshitha.N, a financial writing expert. Contact me if you are interested in contributing or advertising (on the cheap!). Paying off student loans requires time, hard work, and money. Fortunately, there are many options you can choose from to pay off your student loans faster. By trying various…
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A Look Back One Year Later After Paying Off My $77,000 Student Loan Debt and Becoming Debt Free
Over a year ago, I became debt free by paying off my massive $77,000 student loan debt. If you are unfamiliar with my money moron journey, I took out four years of student loans without saving money, missed payments resulting in my student loans defaulting during my 20’s, and got my act together in my…
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How I Paid My $77,000 Student Loan Debt
$76,524.22 was the exact student loan debt amount I fully paid off. I wanted to lay out what my student loan debt payoff plan was. The amount of time it will take to pay off your debt will depend on numerous factors, but hopefully there are some tips here that you will find helpful. 5…
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My $77,000 Student Loans Are Fully Paid Off After Defaulting!
I fully paid off $77,000 ($76,524.22 to be exact) in student loans! If you want to skip to how I paid it off, scroll to the bottom =) What a weight off my shoulders. One of my many money moron mistakes I made in my 20s can finally be put in the past. I went…
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5 Dumb Excuses I Made For Not Saving Money
I made some dumb financial mistakes in my 20s such as defaulting on my student loans, but it all started with not saving money. This was the catalyst for all my eventual money mistakes. I want to share the excuses I made for not saving money in hopes of encouraging you to start saving money…
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7 Tips About Using 0% Financing from a Credit Card Marketer
I am sure most of you have come across a 0% financing offer typically when buying large ticket items such as electronics (TVs, cameras), large appliances, jewelry, mattresses, and furniture. 0% financing is also referred to as 0% promotional financing or “no interest if paid in full”. You might also come across 0% financing offers…
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Getting Closer to Paying off My $77,000 Student Loan Debt Payoff December Progress Update
Thanks to a variety of personal finance and side hustle podcasts, I have been motivated more than ever to pay off my student loan debt. In my 20s I defaulted on my student loans and I have been paying the price on that mistake ever since. I am now on pace to pay off my…
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6 Ways to Build Credit to Improve Your Credit Score
There are some financial “entertainers” who believe that building credit and building your FICO credit score is unnecessary and a waste of time. There are some who believe you need to build your credit and continue improving your credit score. I believe that you should keep an eye on your credit and build your credit…
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4 Simple Money Advice I Gave to a Colleague in Their 20s
Recently I was talking to a colleague in her 20s and we started to talk about interests. I started to bring up my interests in financial independence, investing, and going on my podcast and audiobook binges related to those subjects. Throughout this conversation I realized that her financial mentality is exactly the same as it…
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My $77,000 Student Loan Debt Payoff November Progress Update
Ever since I set my student loan debt payoff goal of March 2019, I have been motivated more than ever to continue seeing my student loan debt shrink and eventually paid off. I have been paying a bit more on top of the $2,300 a month I currently pay thanks to my side hustles. Although…
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I Knocked Off a Sports Bucket List Item and Went to the World Series Again
I was on a pretty good roll with putting posts up on this blog since starting this in May. Real life happens and the past 30 days has been hectic. It all started with business travel in October and then my favorite baseball team made the World Series in back to back years so I…
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5 Actions I Will Not Be Cheap About
I genuinely believe that if you are just starting to plan for your future whether that is early retirement or financial independence or developing a plan to get out of debt, then you need to start budgeting. I spend a minimal amount of time a month budgeting and it has helped me to know where…
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7 Actions That Can Cost You Time And Money in the Long Run
As I started to spend a couple minutes every month budgeting, I noticed a pattern of spending behaviors that became acceptable to me. I have also witnessed my dad going above and beyond to save a few pennies or a few bucks. I never asked if this was a thrill or some sort of satisfaction…
Categories: Budgeting
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My Simple Way of Budgeting and Budget Categories
Earlier this year (May 2018), I had a personal finance epiphany. Out of nowhere I got this urge to get a hold of my finances and start aggressively paying off my $77,000 student loan debt and further educate myself on personal finance, financial independence, and investing. During this epiphany I decided to plan how I…
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My $77,000 Student Loan Debt Payoff Goal March 2019
Back in July (2018), I wrote a post about getting motivated to pay off my student loan debt. In that post I did not set a specific date and simply noted that I wanted to pay a little extra per month. I had a great start last month in August paying an extra $9,600 towards…
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August 2018 Post Recap
Last month (August 2018) I posted 15 total blog posts, slightly lower than the 21 blog posts in July 2018. With so many posts, I thought I would start a monthly post recap to share the most viewed. I do not think I can do a weekly recap so baby steps for now. Most viewed…
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Confessions of An Over Thinker Planning for a Vacation
Summer is wrapping up and kids are either back in school or getting ready to go back to school. Randomly I thought it would be fun to share what an over thinker goes through when planning for a vacation. What areas do you over think or over research whether personally or professionally? Do you think…
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