In one of my earlier posts, I discussed the 50/20/30 Rule and why we must do better. I will continue to build on that post by expanding on the steps to do this. I'm a restoration ecologist. I live in my truck. Why would any of my financial advice be relevant? My financial cred is… Continue reading The 50/20/30 Rule and How to Do Better (Part 1: Tracking)
As frugal as I am, I still end up wasting large chunks of money every year. Contemporary advice about personal finance recognizes that everybody has a Latte Factor and encourages people to identify and eliminate it. They ask, what's your Latte Factor? In other words, what is something that you mindlessly spend money or energy… Continue reading My Irresponsibility Fund
"I can't, I'm on a budget." The truth is, budgets are not a restrictive, Ebenezer Scrooge way of living. They are a tool for freedom. A budget should be a personalized reflection of your unique lifestyle and financial goals. It is a tool to help you live a life of freedom and comfort. Budgets are… Continue reading What is a Budget?
What is the 50/20/30 Rule? This is a popular modern financial guideline that dictates how to distribute your after-tax income. 50% fixed costs (bills, transportation, groceries, needs) 20% savings (savings account, retirement) 30% flexible costs (dining out, entertainment, wants) The problem with the 50/20/30 Rule is that it is not designed to get you out… Continue reading The 50/20/30 Rule and Why You Must Do Better