Why You Should Invest and Save For Retirement – Plus a Personal Finance Confession Fail

Why You Should Invest and Save For Retirement Plus a Personal Finance Confession FailThere is one topic here on Making Sense of Cents that I hardly ever talk about. That topic is investing.

Investing is something I have never really gotten too deep into in my personal life. I know, personal finance blogger fail right here.

It’s an area in my life that I have been too embarrassed to really talk about. We’ve always had some money in a retirement fund, but nothing to be proud of. My main excuses in the past were always that I was paying off my student loans, saving for something, or preoccupied with things going on in my life.

We do have other money saved as well, but I’ve made a huge mistake of letting it sit in accounts that earn hardly anything in interest.

However, I plan on changing that now.

To make a long story short, I took a leap and bought a few hundred shares of Vanguard Total Stock Market Index Fund Admiral Shares and put it into my SEP IRA. Yes, I’ve finally joined the Vanguard bandwagon thanks to Holly at ClubThrifty and J. Money at BudgetsAreSexy (among several other bloggers!). It is cheap to invest in VTSAX, and their diversified holdings definitely had my interest. [Read more...]

7 Things I Won’t Cut From Our Budget To Save For a Down Payment

7 Things I Won't Cut From Our Budget To Save For a Down PaymentAs most of you know, we are in the very beginning stages of buying a house and possibly moving to Colorado. However, that’s not planned to happen for at least 1.5 years from now.

Some of you have asked why we’re waiting to buy a house and why we’re not moving right away.

Well, we still have to save for our down payment.

We would like to put around $100,000 on our next home (GAH that is scary to even think about), and that means we really need to buckle down and start saving since we still need to save for retirement as well.

We need to save money so that we can go to Colorado a decent amount and find our dream home. I don’t want to buy a home or live in a brand new town that I haven’t researched or visited at least a few times.  [Read more...]

It’s Been One Year Since I Quit My Job For Self-Employment

It's Been One Year Since I Quit My Job For Self-Employment

Not a great picture, but it’s one of the only pictures I have from my trips in the past year that has me in it.

My official last day at my day job was October 11, 2013, but that’s a Saturday this year so I am posting my first annual self-employment update a few days early.

As a little refresher, I left my day job last year to pursue my online business full-time.

I honestly cannot believe it has been one year since I left my day job. My day job wasn’t a horrible one, but it also wasn’t the greatest. I didn’t look forward to working and I dreaded every Sunday because it meant I would have to go into a stressful job the next day.

[Read more...]