debtpayoff

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Are We Too Open About Money? 

I read hundreds of stories online about personal finances and sometimes wonder - are we too open about money?  Talking about personal finances has become less taboo in recent years, but are there some things we should just keep to ourselves?  My parents and grandparents have mentioned in passing (quite a few times actually) that I shouldn't reveal so much about my financial life.  Their generations never spoke openly about money and generally kept everything under wraps.  You never knew if…

My April Budget 

I thought I would give some insight into what my monthly budget looks like in Google sheets.  I created this template years ago but didn't start using it seriously until my debt free journey started a year ago.  I use the "reverse budgeting" tactic.  Reverse budgeting means that you list out your income for the month, deduct all of you expenses and debt payments, and what's left is what you have to spend.  I get paid every two weeks so…

How To Be Social While Paying Off Debt 

One thing I consistently struggle with is being social while paying off debt.  I'm single and in my 20's so most social events are at restaurants or bars multiple times a week.  On average I spend about $30 each time I go out.  That includes roughly 2-3 drinks and an appetizer eaten at the bar or shared with friends.  If I continued to spend $30 four times a week out that would be $120 a week, $480 a month, and $5,670…

Everyone Has A Story About A Stupid Purchase & This is Mine

I have a ton of dumb purchase stories but let me tell you my personal favorite which is my own.  I was halfway through my MBA and had just landed a job at private equity firm.  I thought this was it, I had made it!  I would now be commuting so I asked my dad to help me shop for a car one weekend.  I had $6k saved up to buy something.  We headed to the Honda dealership to get…