Ever wondered what you are worth in financial terms? It’s called owner’s equity and this post will give you the tools to find out what your personal owner’s equity is. What is Owner’s Equity? The official definition is as follows: Owner’s Equity is the total assets of an entity minus its total liabilities. In layman’s terms, it is the difference between everything you own that […]
I think it’s safe to say that we all know some individuals that juggle a couple of jobs. While some have multiple part-time jobs, most have a side-hustle in addition to their full-time position. Whether it provides extra spending money or allows you to save for a big vacation, side-hustles can be profitable and done in your free time. Read below to see some of […]
I recently read this article which listed the 8 richest men in the world. While I’m definitely disappointed that no women made it on the list, it made me wonder if the rich have anything in common that help make them…well rich. While I have no desire to become a billionaire, I do want to know if there are any tips, habits, or mindsets that […]
From a financial standpoint, lending money to friends and family will be the most cost effective way for them to receive funds that they need. This is because you (probably) won’t be charging fees or interest, where as a bank would surely have them. However, there is a huge risk of potential consequence that usually emerges from doing so. The risk I am talking about […]
Ever since Jake moved into his house back in July, we have slowly been buying furniture and accessories to make it feel more like a home. Although our hardwood floors are in great shape, I knew immediately that I wanted to add rugs to make it feel cozier. I had been casually looking online and in stores for the last couple of months, but never […]
Today’s technology is leaps and bounds better than just a few years ago. Phones are getting nearly as powerful as full blown desktop computers and they fit in your pocket! That’s amazing. So what the heck is going on with that dinosaur thermostat in your living room? It has a unique ability to really save you money on your heating and cooling bills if used […]
As I mentioned in My Actual December Budget post, Jake and I flew Spirit Airlines on our way home from Las Vegas. To precursor this post, it was not a bad flight. After hearing all of the negative comments about the airline, I was afraid that I wouldn’t feel safe or that the plane would be uncomfortable. I was pleasantly surprised to find that the […]
This day and age $48k salary doesn’t seem to make the cut. Banks will tell you that you can afford a massive mortgage but that just isn’t true. When you get a mortgage worth $200k and you make the same amount as I do you are destining yourself to be “house poor”. You can’t really do anything else except pay for this house. That is […]
In the beginning of December, I shared with you my budget for that month as it was modified to accommodate travel and the holidays. I wanted to share with you how my actual December budget turned out and why it’s important to have wiggle room for unexpected purchases. As you can see from the screen shot, I didn’t stick to my budget very well. Although […]