Throughout the entire Financial Independence, Debt Reduction, Early Retirement, and many other communities, reducing your expenses is heralded as the main step for becoming financially independent. I won’t say that this is completely wrong, because it’s not. However, cutting your monthly expenses is only a step in the right direction. Increasing your income is still a significant step in moving…
Category: Budgeting
Budgeting which includes how to’s, why to, when to, and other budgeting-related activities.
Emergency Savings – How to Avoid Financial Ruin
Emergency Fund, Emergency Savings, Rainy Day Fund… what are these? What are you talking about? Emergency, shmergency Alright, let’s get right to it. You need a small (relatively) fund that you can dip into should and emergency occur. Why the bold!? It’s an emergency fund. I am talking about a fund that is only used for emergencies, where you cannot…
Start Fresh; Refocus on becoming Financially Independent
How I grew up Growing up, my parents made sure that they did whatever is necessary to provide for my brothers and me. As I grew older, they made sure that they started including me in understanding financial situations and to understand the basics of how to balance a budget and keep track of expenses. They did a decent job…
The Financial Independence Way of Thinking
The Financial Independence way of thinking is about becoming independent of one’s finances, not letting their finances be the definition of whom they are, and getting rid of debts. Financial Independence is a way of thinking so that one may have the option to retire early (the RE part of this blog). Financial Independence is to have the opportunity to do whatever is most pleasing to you…