Category: Money Management

Life Energy for Money: A Fair Trade?

Life Energy for Money: A Fair Trade?

I’ve calculated my hourly wage since I started working.  It’s a simple salary divided by weeks divided by hours per week, no biggie.  Is there really more to it?  Yes, according to Vicki Robin and Joe Dominguez in Your Money or Your Life.  They establish that money is simply a thing you trade your life energy for, and step 2 of their 9 steps to transform your relationship with money and achieve financial independence is to establish your real hourly rate.

Read More Read More

Your Money or Your Life

Your Money or Your Life

As an introduction to financial independence, and the foundation of what it means to live richly no matter what your income is, the book hits the nail on the head.  Vicki Robin and Joe Dominguez have made waves with their 9 step program published in Your Money or Your Life since 1992.  This is definitely a great book to – in frugal fashion – check out from the library.

“Your money or your life?”  If someone thrust a gun in your ribs and said those words, what would you do?  Most of us would turn over our wallets. The threat works because we value our lives more than we value our money.  Or do we?

Read More Read More

How Much Should I Be Saving?

How Much Should I Be Saving?

I always recommend at minimum that you save 15% of your salary to put into retirement accounts, although it potentially means 40 years of work.  (If you start at age 25, you can retire at age 65.  Fair enough.)  Always take advantage of any employee matching programs, and contribute the minimum required to get the full match.  There’s not a one-size-fits-all answer for an overall savings rate, so let’s talk about what works for your situation.

Read More Read More

Long Hair Nightmare

Long Hair Nightmare

As I was roaming the aisles aimlessly at Marshall’s, one of my favorite discount home goods stores, I stumbled across a Keratin shampoo and conditioner.  I thought about all the articles I’ve read saying Keratin is great for keeping hair healthy and strong, and the ends of my hair were a bit dry, so I thought it might be worth the $12 per bottle.  Not exactly an expensive experiment, especially since my usual Aussie is $5 per bottle for approximately the same size.  So onward, for science!

Read More Read More

Adventures with Engagement Rings

Adventures with Engagement Rings

Huge kudos to my partner for nailing my ring.  Having never been engagement ring shopping before, I had no idea of what I wanted.  I like clean lines and delicate details.  I definitely wanted something durable (I’m accident prone, although my partner kindly calls me all-terrain).  Most importantly, I knew that I wanted something custom that came from the heart.

Read More Read More

Breakfast At Tiffany’s

Breakfast At Tiffany’s

Or maybe dessert, although there isn’t any icing on this silver cake.  I’ve bought myself lovely rings from Tiffany & Co. that I wear on a daily basis (and expect to for quite some time), and the cost per use is dwindling.  I keep the boxes, ribbons and bags lined up on my window sill in my bedroom.  Although I don’t do it often, I happened to give a house tour to my guests when they arrived for a game night last month.  Later during the Game of Things, “What’s something to be jealous of” prompted a response of “Tiffany’s” and all eyes turned to me.  What?!  No!  Absolutely not me!  There’s no need to be jealous!

Read More Read More

So I Bought a New F-150…

So I Bought a New F-150…

I take pride in my frugal habits, especially house hacking (basically living in a 2,300sq ft luxury home for free).  When it came time to buy a car, shouldn’t it have been small and gas-efficient?  After all, a truck is a very non-mustachian vehicle.  To all my mustachian friends, I must simply say that I had different priorities than the money alone.  However, I was honest with myself about the true cost of ownership and had firmly evaluated the decision before pulling the trigger.  In sharing my reasons, I’m not advocating the purchase of a truck.  Instead, I’m trying to paint a clear picture of my approach to this large purchase.  I’ve now owned my truck for a year, and it was definitely the right choice for me.

Read More Read More

Optimize with a Good CPA

Optimize with a Good CPA

I’ve already started organizing for tax time, but it only means gathering my receipts and organizing my bills.  I have a great Certified Public Accountant (CPA) on my team who will be doing the actual preparation and filing for me, which means a little less work on my end.  I consider my CPA to be an MVP on my team, but not just because he will be preparing and filing my taxes.  No no no, he will be busy optimizing my return now that we’ve strategized all year

Read More Read More

Follow me on Twitter

Liked what you read?

Get new posts delivered directly to your inbox every Monday and Wednesday!

Join 157 other subscribers