Why you shouldn’t be ashamed of being in debt

Did you know that according to CNBC, 8 out of 10 Americans are in debt? I would imagine that estimating the number of Americans who are in debt is no easy task. But I also think it is safe to say a lot of Americans struggle with it. And CNBC isn't alone in their estimation: I Googled the topic, and most of the postings seemed to agree. Although our anecdotes can often be biased or misguided, I…

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Does being a penny pincher ever become irresponsible?

In a recent post, I discussed the idea that frugal living isn't everything. This is more or less synonymous with being a penny pincher. In other words, being frugal can help optimize your life, but it has its limitations. And even though this sort of post seems counter-intuitive to what this blog is all about, I'm going to expound upon this idea. Only this time, I'll take it in a slightly different direction. But first, let…

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Can Money Make Us Happier? The Truth May Surprise You

Not too long ago, Constantly Curious posted a video that sparked a serious internal conflict. You might even say an all-out brawl between emotion and rationale. I highly recommend giving the video a watch, as it's under five minutes long. However, the basic idea is this: having a ton of money might not make us much happier than we are today. The funny thing is, that seemed obvious to me. It may be a bit of…

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Net worth Report: Better Than Broke, and Still Improving

If you were hoping this would be a post where I wouldn't feel the need to mention my student loans, you are mistaken. After all, net worth is calculated by subtracting what is owed from what is owned. Hence, you could have $1 million in assets, but if you have $1.5 million worth of debt, of course you still have a negative worth. Despite my frugal ways, I've had a negative net worth for most…

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Frugal living isn’t everything – here’s why

Yes, I know. Gasp. How could I possibly say that being frugal isn't everything, given that it is literally in the title of this blog? Well, the truth is that being frugal can potentially be a bit limiting. Especially if your income is on the low side. And that's what this post is about. I hear many bloggers talk a lot about how financial independence is so much more difficult when you aren't making any money. At…

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The Versatile Blogger Award

Hey all. I have the distinct pleasure of bringing you a very special post this evening. I was nominated for the Versatile Blogger Award by Edel. Thank you so much Edel! Edel’s blog can be found here. You can also find her on Facebook, Twitter, Instagram, and Pinterest. Be sure to check her out and follow! Update: I was also nominated by Lauren of Bustin Out Beauty! Thank you, Lauren! Be sure to Follow Lauren on Twitter,…

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401k and other retirement plans: a closer look

If you want to secure your retirement, your 401k, or equivalent plan, is very important. I have spoken about retirement accounts before, and I have also stressed the importance of doing so over a long period of time. Perhaps even more important is understanding the ways each type of plan works, and which ones should be prioritized. In reality, I'm not sure I can cover all of this in just one post, but I'm going…

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How credit cards could help you reach FI

Financial independence is a central theme of this blog because it's such a powerful concept. And guess what? Credit cards can help you get there. Of course, I always have to qualify these statements by saying that credit cards are not without risk. I'd be remiss to recommend even more cards if you currently hold the average household credit card debt of $8,6836. Your focus in that case should obviously be paying down debt, perhaps…

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5 ways my relationship with money has changed

I'd like to talk about some of the ways my relationship with money has changed. Each one of us could potentially have a vastly different relationship with money, depending on a lot of different factors. Money is a funny thing, actually. Unless you are completely self-sufficient and can produce everything you use and consume, you probably need money. That is money at its most basic level; a medium of exchange. If you want something, you…

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How to Spend Less Money: Change Your Mindset

If you're on the path to financial independence, a large part of that is probably determining how to spend less money. After all, reducing expenses has the potential to fast-track your path to FI. But before I dive deeper into that concept, let me ask you a question... How many women do you know who have a diamond ring? It may seem like that question came out of nowhere, but bear with me. I'm going…

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