Lately I’ve been spending a lot of time going over my spreadsheets and playing with various scenarios for our retirement. I often wonder how long I need to work before I can walk away and have enough to last the rest of my life. In reality, I think my wife will live much longer than I will so most of my scenarios ensure that she
Financial Milestones
I’ve recently found myself surpassing some financial milestones that I never thought I’d see. Our retirement accounts are at levels that I used to just dream about when I was first starting out. Never underestimate the power of consistent contributions and compound interest, that’s for sure. As I was sitting here looking over the numbers I started to wonder why I’d always thought these milestones
Tiny Houses–Tiny Costs
Lately I’ve been somewhat obsessed with the idea of tiny houses. I stumbled on to a Youtube channel that shows lots of different examples of people living in a smaller footprint. In this day and age, we are living in much larger houses than ever. During the economic downturn, I started to read about how builders were starting to build smaller houses to keep costs
Importance of an Emergency Fund
They’re starting to talk about layoffs at work again, but this time it’s going to be BIG. I’ve been told I’m very safe from getting laid off but there are a lot of people around me that are going to lose their jobs and it’s going to impact those of us that are left by increasing our workloads a ton. With all this uncertainty at
A Missed Opportunity on Investment Properties
I have spent the better part of the last year looking for a rental house to purchase. At one point I got really excited and put an offer in on a house a few blocks from me that the bank was dumping for 50% of it’s value because it was missing all the windows. I was really bummed when I got beat out. (There were
How I Saved Myself $2500
Appliances are some of the best inventions in the world. They’ve made household chores so much easier and have drastically sped up the time it takes to make dinner (that’s how we cook at my house a lot). The only drawback to appliances is that sometimes they break. We have one of those “in wall” microwave/oven combos. It’s a Jenn-air model that came with the
Tool Lending Libraries Can Save You Money!
Have you ever needed a tool that you didn’t own to complete a job around the house? Have you ever worked on your car and had to run to the store to buy a tool to get the job done? Do you have limited space and don’t want to fill it with tools you’ll hardly ever use? Are you on a limited income and don’t
Young People Don’t Have it Very Easy These Days
Rob Carrick with the Globe and Mail wrote an interesting article comparing what it was like to be a young person in 1984 versus what it’s like to be a young person in 2012. It was a great article and really makes you think, especially about the cost of getting an education. The reality is that he could have thrown in health care (if this
Number One Tip for Personal Finance in Your Forties
I turned 40 last year and, while the milestone was a little hard to swallow, I think I’m finally finding my “40’s groove”. It’s amazing how fast life happens. It seems like yesterday that I was sitting in a college dorm room with only a few dollars in my checking account thinking about whether I had enough for a takeout pizza and a six pack
$10 Amazon Gift Card for $5
In case you haven’t seen this, Amazon is trying to increase interest in their daily deals site and are offering a $10 gift card for $5 but it’s not going to last very long. You better get over there quick!! http://local.amazon.com/bellevue/B007KCX25Q