Frugality Works: How I Bank Over 50% of My Income

I am uber-inspired by all the other bloggers and FIRE community members wo are banking ridiculous amounts of income each month. I have seen people reporting saving around 60-80% of their incomes.

That’s so awesome!

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How I Cut the Cord & Save Over $160 Every Month

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I easily cut over $160 from my monthly expenses by eliminating only one bill.

How? I Cut the Cord!

The price of cable is astronomical nowadays! At one point, it was costing over $200/month for a bundle package of cable and internet.

Realistically, cable and satellite TV have way too many channels for most people to ever find time to watch. I feel like it’s just a tremendous waste of money (and time) overall.

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Minimalism is Good for Your Soul…and Your Wallet

If you haven’t heard, the new fad and buzz word is minimalism.

Thanks to the documentary on Netflix, “Minimalism: A Documentary About the Important Things”, more and more people are discovering this revolutionary concept and lifestyle.

But minimalism isn’t really some strict, inflexible, radical lifestyle or cult. It’s a simple tool to incorporate into your lifestyle. The core of minimalism is learning to live more with less.

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Retirement: Roth vs. Traditional IRA

This page may include affiliate links. I may get paid when you click on a link and buy a product, but at no extra cost to you.Good Morning everyone!

Today I want to discuss IRAs. If you have not heard of them, they are an awesome retirement option for Millennials to utilize.

An IRA is an individual retirement account. Individually, you can put $5,500 per year into a Roth or Traditional IRA. With a Roth IRA, you contribute money after you’ve paid taxes on it and then your money grows tax-free. That’s actually a really awesome deal and usually the best investment option for Millennials. In a Traditional IRA, you put money in before you pay taxes on it. In addition, you can usually deduct this contribution from your taxes if you don’t already have a retirement plan at work or if you make less than $71,000 a year.

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DIY House Projects – Bathroom Cabinet Edition

I bought my condo in 2015 and I was not in-love with any of the cabinets in the bathrooms and kitchen (same throughout). So, I decided the most cost-effective way to change them would be to paint them.

I started with the spare bathroom first, mainly because if I screwed up no would see there is less square footage of cabinets in there.

I bought Giani Nuvo kit in Titanium White. I absolutely love white cabinets – I think they are so timeless.

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Savings Hack: The Do’s & Don’t’s of Spending Your Tax Refund

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If you haven’t heard where have you been?, it’s Tax Day. So first, make sure you file your taxes!

A large percentage  of people will be getting a refund this year. Sometimes a few thousand dollars. If you are getting a refund, here is the do’s and don’t’s of spending that refund.

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My Financial Goals for this Year (2017)

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Happy Tax Day! Did you max out your IRA for 2016?

 

I find it’s easier to accomplish goals if I write them down. It acts as a reminder and makes me more accountable as well. So, I am going to start listing my goals for this year (and every year) here, so that you all can also keep me accountable and on track.

 

I will also do periodic updates throughout the year, so you can keep track of my progress.

 

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When Most Millennials Rent, I Bought A House

When most Millennials rent, I decided to buy a house at the age of 28.

I actually bought a 2-bed, 2-bath condo in September of 2015. I decided a condo was much more practical to own than a traditional single-family house. I have a HOA that takes care of all lawn maintenance and snow removal. So, my days off aren’t wasted spent mowing a lawn, pulling weeds or shoveling a large driveway of 10 inches of snow (I live in Colorado, and I love snow but hate shoveling it).

I am not the typical millennial in this case. Most millennials rent and have no plans to buy a home any time soon. Mostly, because they cannot afford to break into the housing market.

“Homeownership rates among Americans under age 35 are barely more than half the national number, at just 34.1 percent” according to The Washington Post (link). However, even though most millennials ages 24-35 years are renting or still living at home, most are still in pursuit of the “American Dream” – homeownership. Millennials still want to buy and own their own homes just as the generations before us have.

But, should this still be the “American Dream”?

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