Frugal With Kids – 10 Things to Help Make Kids Cheaper

Frugal With Kids – 10 Things to Help Make Kids Cheaper

I hear it nonstop. “Kids are expensive.” It gets very old. I’m not sure if it is more annoying from people who don’t have kids or people with older kids. I have to hold my tongue because I could easily turn around and say, “your 4,000 square foot house with 2 people is expensive” or “your brand new $30k+ car is expensive.” Everyone chooses to spend their money differently and that’s ok. What matters is spending with purpose and on…

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Escaping The American Trap

Escaping The American Trap

When Ms Blue Ribbon and I were married we quickly fell into the American Dream Trap. We got our mortgage, new (financed) car, and extra loan (because we could). Everything was just as it was supposed to be. We were even starting to spend more a month than we were taking in. Having a Why That’s when it happened, our turning point. Ms Blue Ribbon and I had a baby, Mini Donut. This was our catalyst. I kept trying to make…

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Money Map

Money Map

Time is a wonderful thing isn’t it? It will speed along when you least expect it. You will eventually see the magic that is compound interest. Auto-payments will stack up, sooner or later there are accounts everywhere and you can’t remember them all. WHERE IS YOUR MONEY?! A long time ago I was in the dark when it came to a lot of things: budgets, net worth, and money-maps. Back in the beginning of learning about personal finance there was…

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2017 Q2 Networth and Goals Update

2017 Q2 Networth and Goals Update

When I was first starting out on the path of getting my finances together I stumbled upon the website, BudgetsAreSexy.com J. Money was the one that got me tracking my networth. Maybe the most important thing you can do on your path through personal finance. I’ve been tracking my network since March of 2016. I finally knew if I was making progress. Tracking your network is to help you see if what you are doing is working or not. Adding…

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Financial Regret: Not knowing is Not an excuse

Financial Regret: Not knowing is Not an excuse

I used to think I was pretty cool. I had a financial advisor. It seemed weird to say because I thought only rich people had them. I would ask him about advice for where to put my money in my 401k. He would direct me where my private Roth IRA allocations were. Eventually, when I rolled my 401k into an IRA he managed that too. When our son was born he created a 529 for him and set up that…

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Allowance: The Anti-Deprivation

Allowance: The Anti-Deprivation

After we became debt free and we had a 6 month emergency fund we backed off a little on the gas. I was starting to feel deprived and it was hard to stay motivated. After reading some other blogs I found many people had fun money. Money to do whatever you want with. I suggested to my wife, Ms Blue Ribbon, that maybe we should take an allowance. Nothing much, just $15 each a month. She was good with that…

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An Unexpected Gift

An Unexpected Gift

Let me tell you the story about a young couple that had no idea what they were doing. It all started when their son was born. Some may say his hair was as red as the character from Tom Thumb Mini Donuts at the MN State Fair… Shortly after coming home from the hospital in the dead of the night there was a cry from the small child. The parents woke with a startle…ok fine, the mother woke to a…

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Why I’m paying off the mortgage while saving for Early Retirement

Why I’m paying off the mortgage while saving for Early Retirement

The paying off your mortgage early vs. investing that money debate has been done to death. Everyone has heard the higher return on investment from the market generally outperforms a standard loan interest of around 3% argument. On the other side, everyone can sympathise with the idea of being completely debt free and having your own home. No mortgage sounds like the best thing since sliced almonds. (that’s the expression right?) Like a lot of other posts and the general…

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Tracking real estate and networth

Tracking real estate and networth

Tracking your net worth is one of the most important things to do on your journey to financial independence. But tracking property gets tricky….if you aren’t a real estate master. There are mainly two schools of thought. Common practice Zillow/Trulia Average Basically you are taking the estimated list price from all of the major listing sites, averaging, and using that as your property value. Some tend to be high while others tend to be lower so it is the best…

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I got a pay raise and had a plan for it months before I got it…in a good way

I got a pay raise and had a plan for it months before I got it…in a good way

Woot Woot!!! $$$$$ Don’t pay raises make you just want to jump up and down? They were already paying you some money and now they are telling you they will pay you MORE money! Kind of cool (unless you are under market value). See Glass Door. Anyways… What is the first thing you do when you get a raise? Go out to some fancy, pricey place to celebrate like Red Robin? (Ms Blue Ribbon and I don’t get out much.)…

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