Is Your Laziness Costing You Money?

9 Ways To Waste Your Money By Being LazyLately, I feel like I haven’t been as frugal as usual.

I’ve been letting little things slip and it’s mostly because I’ve been more lazy about being frugal.

After adding up how much money I’ve wasted over the past month, I’ve realized that the amount has been a few hundred dollars already!

I have been blaming this on the move and the fact that we’re still settling into our new town, but in reality it’s just been because of laziness.

I can’t be alone when it comes to wasting money due to laziness though. I’m sure there are many ways that even YOU may waste your money by being lazy if you think hard enough.

However, let’s change that today!

Below are nine ways you may be wasting your money by being lazy. [Read more…]

Pros and Cons of Paying Off Your Mortgage Early

Pros and Cons of Paying Off Your Mortgage EarlyCurrently, one of our main goals is to save for a down payment for our next house. Due to this, we have been wondering about how much exactly we should save.

With our first house we didn’t put down 20% and had to pay PMI (big mistake), so we will definitely put down at least 20% on our next house.

Also, we are self-employed and I have heard that most self-employed people have to put around 25% to 30% down (and sometimes even 35%!) because banks want to see more upfront from small business owners.

Now, that’s a lot of money!

This has got us thinking. While we are aiming for 30% or more, at what point should we stop saving for our down payment and ramp up our retirement savings instead? Yes, we are still saving for retirement, but should we be saving more?

In the personal finance world, the decision seems to be split. Some are all about paying off a mortgage quickly, whereas others don’t think that’s a good idea. There is no right or wrong answer, which makes the decision a little more difficult. [Read more…]

February’s Food Budget Check In – We Failed But I’m Happy

Our Food Budget Check In

It’s now been a little over two months since we finally created an action plan to lower our food spending.

At the end of December, I published the post Our Plan To Finally Cut Our Food Spending. Below is a snippet from that post:

When I first started blogging back in 2011, we were spending over $1,000 on food each month JUST for the two of us.

Food spending is something that we have always had a problem with. Whether it be spending too much money at restaurants or spending too much money on processed junk food, it’s been a problem.

We are no longer spending over $1,000 a month on food, but it is an area that we still need to work on.

Some have asked why we want to spend less money on food.

I’m not sure what to say except for why wouldn’t we? 

While we both love food, we know that we spend too much money on it and it could be saved for better things. It’s not like we are eating well just because we are spending so much money on food. [Read more…]

How To Find Freelance Jobs When You Have No Experience

How To Find Freelance Work With No Work ExperienceIf you are interested in starting a freelancing career, you are probably wondering how to find freelance work even though you may have no work experience as a freelancer.

Whether you are interested in getting into freelance graphic design, you are looking for freelance writing jobs for beginners, or something else, finding your first client can feel difficult.

Mostly everyone has dealt with this problem before – the entry level job you are wanting to apply for asks that you have experience.

The truth is, you need experience in order to gain experience and this applies to freelancers as well.

So, how do you gain experience for a job when you don’t have any?

Related articles:

Below are my tips on how to find freelance work when you have no work experience. [Read more…]

Should We Get Rid Of A Car And Just Have One?

Sharing a Car And Becoming a One Car Family

We currently have two cars, but have been seriously thinking about sharing a car and downsizing to just one. I hardly ever drive, and I can count the amount of times I have driven in 2015 on one hand.

Due to this, we have been thinking about selling one of our cars and becoming a one car family.

There are many reasons for why we are thinking about sharing a car, and it’s not just all about money.

Yes, the money is just being wasted on the second car since we most likely do not need it, but it’s also a waste of time and space. I am always trying to save time in my life by eliminating time wasters, so it makes sense that the next thing we are currently evaluating is our car habit.

Below are some of the reasons for why we are and are not thinking about becoming a one car family. Some of the below can probably be adapted to fit your situation as well if you are thinking about sharing a car. [Read more…]

2nd Mortgage Lending – The best zero-time side hustle

2nd Mortgage Lending The best zero time side hustleHello! Today’s side hustle post is by a new online friend of mine. You can check out other posts in my side hustle series here.

I created a challenge for myself to create enough passive income to replace my living expenses- but there was only one problem. I run a business and didn’t have time to take on side hustles that required a time commitment on my part.

I needed a zero-time side hustle that could bring in some cheddar. Sound impossible right? I thought so too…

Until I discovered second mortgages.

What is it?

Not only do you not need any spare time but you also don’t need any cool skill or talent to tap into. All you need is some extra money.

Second mortgage lending is when you offer your cash to people looking for small loans and put a lien against their property as collateral. Since you charge interest on the loan (in the range of 9-15%), you happily collect your interest cheques monthly.

That’s it. [Read more…]