Why Would A Person Choose To Live A Frugal Life?

Why Would A Person Be Interested in Frugal Living?For some reason, there is a myth about there that living a frugal life means you are living a boring life. Some even believe that if you are frugal then you are a bad parent, a bad person, and a bad friend.

If you don’t believe that, I recommend you read the comments on the next frugal living-related article on a major website such as Forbes, YahooFinance, or something similar. One thing that will be in common with most of the comments is the negativeness from many of the commenters.

I’ve even overheard conversations myself where people think I’m missing out on life because they assume that all frugal people just sit at home all day and do nothing with their lives.

That is FAR from the truth. I know many who are taking part in frugal living and I think they are some of the best :)

Sadly, many aren’t interested in frugal living because they believe the myth above.

There are many reasons to live a frugal life, though. Continue reading below to see the reasons for why many choose to take part in frugal living. [Read more…]

You May Be Wasting Thousands Of Dollars On These 7 Things

You May Be Wasting Money On These 7 Things (1)We have been analyzing many of our expenses over the past several months. We experienced a little bit (okay, a lot) of lifestyle inflation as our income has increased.

There were many things we were wasting money on that we realized we didn’t need. We were being lazy, not saving as much as we should, paying for items that were a waste of money, and so on.

I don’t think I’m alone either. There are probably things you’re wasting your money on too.

Instead of wasting money, you could be putting your hard earned dollars towards your next vacation, a retirement fund, a college fund, or something else.

With this post I hope to help you analyze your expenses and see where you may be possibly wasting your money. I understand that there are plenty of reasons for why a person may spend money on some of the things below, however, the point is to see if YOU should be. Everyone is different and there is no right or wrong answer. I am a firm believer that money should be enjoyed and everyone enjoys spending their money on different things. However, that doesn’t mean you may not be wasting your money.

Below are seven things you may be spending too much money on. [Read more…]

Selling Your Home – Step By Step Process

Tips For Selling Your Home - Guide To Selling Your HomeThey say that right now is a seller’s market, but in my little neighborhood it was definitely a buyer’s market.

This made our home sale a little more difficult than what others may be experiencing in the United States but luckily we were still able to get a contract on our home 3.5 months after our home was put on the market. In fact, we actually received three contracts on our home that very week after not receiving any bites for 3.5 months (and over 30 home showings in that time period).

While I’m no expert at selling a home, I did recently go through the whole home selling process.

Selling a home can be a long and stressful process but hopefully with this guide I can help someone’s home sale go a little more smoothly than mine did.

Preparing your home to be put on the market and knowing the necessary steps and tips to selling a home can make a home sale go much more smoothly.

Plus, I don’t think anyone wants to experience any sort of surprise when selling their home since it is such a big expense.

Below are my steps and tips for selling your homeEnjoy and good luck with your home sale!

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What To Do If You’re A Victim Of Identity Theft

What To Do If You’re A Victim Of Identity Theft (1)

Recently, I went to the state license office. When I was called up to the worker’s desk, I was asked to say my address, along with my name, age, and social security number. They wanted me to say ALL OF THIS out loud in a crowded room.

If someone was paying attention, they could have taken down my information and done serious damage. I asked if I could write my information and show it to him instead, and while they were not too happy with that, he agreed (he gave me the paper back, so I was able to shred it). The person that my husband had didn’t ask him to say his information out loud and he was given a form to fill, so I’m not sure why I wasn’t given that as my first choice as well.

If I wasn’t careful, this could have led to me becoming a victim of identity theft. Little mistakes or even something that is no fault of your own may lead to you becoming a victim of identity theft as well.

Sadly, identity theft impacts over 16 million people each year and that number is expected to keep growing.

Related article: Identity Theft Impacts Millions Each Year, Could You Be Next? [Read more…]

The Worst Money Advice I’ve Ever Heard Part 2

Bad Financial Advice - Bad Advice I've Actually HeardLast summer, I published the post The Worst Money Advice I’ve Ever Heard. In that post I talked about some crazy bad advice I’ve heard. Since then, I have heard even more bits of bad financial advice that I knew I had to share.

As a personal finance blogger, I get asked many personal finance questions.

Before I respond, I usually ask the person what they believe they should do.

One of the first things I usually hear is advice that they were given by another person. Sometimes the advice is great, but other times I can’t help but cringe and then I have to try my best not to let my jaw hit the ground.

I really wish I made up the bad advice below, but sadly they are all true. Some I overheard, some I heard from others asking me if the advice was something they should follow, and some I actually heard from financial “experts” giving to a large audience on TV (AHHH!).

Related articles:

Below are four bad pieces of financial advice I have heard recently.

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What If Our Home Doesn’t Sell? Should We Turn It Into A Rental?

My House Hasn't Sold Yet. What Should I Do Rent It (1)When I originally wrote this article, we had no offers on our home and we were feeling somewhat negative about it. However, last week we accepted an offer on our home and it’s scheduled to (hopefully) close in July. 

It’s been nearly four months and our house hasn’t sold yet.

We’ve had exactly 30 showings and great reviews, yet no offers.

Not even a single lowball offer.

Our home is priced quite competitively and below comparables, so we are afraid to lower the price any further.

We are already going to lose money with what our home is priced at now so we are currently wondering about other possible options. I knew selling a home would be stressful, but I didn’t realize that it would be this stressful. Many ideas have been going through my mind but it’s hard to decide what the best decision is.

Below are some of the things we have been thinking about possibly doing since our house hasn’t sold yet. [Read more…]