Bad Money Mistakes Couples Should Avoid – They May Be Making You Poor and Stressed Out

Bad Money Mistakes Couples Should Avoid - They May Be Making You Poor and Stressed OutOne thing I’ve always been happy with is how me and Wes have always been very open about money.

No, we haven’t always done things the “normal way” (we combined finances YEARS ago and often receive flack for that), but in the end things worked out well for us. I think that’s because we make sure to be open about money.

I have witnessed many people around me make several money mistakes. I know people who have never once discussed a budget with their significant other, even though they are married. I also know others who have broken marriages/relationships because of secret debt, financial infidelity, and more.

No, life isn’t all about money, but money does play a big factor in a relationship.

I’m all for people doing their own thing in life, but, in general, the money behaviors below can lead to big mistakes when in a relationship. Money mistakes can lead to debt, delayed retirement, stress, heartache, and more.

Who wants all of that? Not me! [Read more…]

Why Keeping Up With The Joneses Will Make You Broke

Why Keeping Up With The Joneses Will Make You BrokeI’m sure almost everyone at one point in their life has felt the need to keep up with the Joneses.

Whether you are five years old and want that new toy everyone is playing with, or if you are 50 years old and are feeling the need to upgrade your house, car, etc., everyone has experienced it.

The problem with this is that keeping up with the Joneses can actually make you broke.

VERY broke.

When trying to keep up with the Joneses, you might spend money you do not have. You might put expenses on credit cards so that you can (in a pretend world) “afford” things. You might buy things that you do not care about. The problems can go on and on.

This can then lead to an excessive amount of debt and potentially set someone back years with their financial goals, if not decades.

Keeping up with the Joneses will make you broke and unhappy because:

  • You will never be happy no matter how much money you spend.
  • You will constantly compare yourself to EVERYONE.
  • You will go into debt because that’s the only way you feel like you can keep up.
  • You will have a loan payment for everything because that’s the only way you can “afford” everything.
  • You won’t have any money leftover for retirement, an emergency fund, etc. because you’re spending it all on things you do not need.

Here are some things to think about if you want to live your own life and start ignoring the Joneses: [Read more…]

I Live in a 175 Square Foot Tiny Home – Sailboat Living

I Live in a 175 Square Foot Tiny Home - Sailboat LivingBack in August, I published Living In A 200 Square Foot Tiny House – Could You Do It? At the end, I asked if anyone was interested in taking part in an interview about their tiny home. Well, guest what? Someone said yes! 

I was able to interview the amazing Melody at Saving To Sail. She lives on a 175 square foot “tiny home” sailboat with her significant other and their 50 pound dog. It’s definitely a great read. Enjoy!

Hi, my name is Melody and I live on a sailboat.

Wow, that sounds like an introduction at a group therapy session! I’m sure some people secretly think to themselves that I need therapy once they learn that I, along with my significant other Chris and our 50lb Dutch Shepherd, have less than 175 square feet in our boat cabin! [Read more…]