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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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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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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Emergency funds are a must. Do you have one?

So, in this post I mentioned emergency funds, and I've been meaning to write a separate post about them. That's because everyone - or at least every household - should have one. And yet, as I mentioned in my introductory post,  most Americans have less than $1,000 in savings. That is scary. I mean, it seriously worries me for the sake of all the people out there who fall into this demographic. Emergency funds aren't about reaching financial…

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Why you should never gamble away your chance at financial freedom

Sure, I've been to Vegas. And I'm not about to suggest that you say no if your friends invite you on a trip there for a few days. We all need to have some fun every now and then, right? The biggest problem with gambling is that it can trigger a very strong addiction. So, if you know you have an addictive personality in general, I would highly recommend using caution if you do decide to…

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Why waste money on coffee when you can make your own?

Something I always try to keep in mind when spending money, especially on products, is that if I am paying that money to a business to make that product, it always means it was produced for less than what I spent on it. Most of us understand this, but it's also oversimplifying, isn't it? For example, I probably couldn't make the clothing I wear as cheaply as the companies who make them, because they have…

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Leasing a Car vs. Buying, and My Green Initiative

This article was updated 7/1/18 as I no longer maintain a second blog. A while back, I started working on a now-defunct blog related to green technology. While green tech is still important to me, I quickly realized I wouldn't be able to maintain two blogs at the same time. Perhaps later down the road. In any case, if you are wondering why I'm bringing that up here, it's because I recently decided to lease…

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I Switched My Phone Service and Now I Pay Less

So, I do have a tendency to change service providers from time to time if I find one that looks interesting. I had been with T-Mobile for years, and I'm still a pretty big fan of them in general, but I felt my monthly rate could have been lower. Not only that, but I have been thinking about traveling abroad, and T-Mobile's speed are not the best in other countries. 2G speeds, you say? Uh, no…

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Should you use credit cards? Maybe, maybe not

Credit cards are an interesting concept. There are lots of products out there that could be considered both the cause of and solution to all of life's problems. But you know what? I don't consider credit cards to be one such product. These little pieces of plastic can cause a myriad of problems - they make it far too easy to spend money you don't have. Especially now, with sites like Amazon to tempt us, and…

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