This is a great article. I have been recently let go from a job that I started to hate, but not career itself. There are a few things I can relate to, I definatly wasn't given a lot of work in the past 1-2 months and have not been really enagaged. My fault is that I haven't blown the wistle to my superiors for lack of mentorship that I was getting in the past year.So in return I was thrown under the bus. At least I learned something from this expereince that I must speak up:)
The best money move I've ever made was putting it back in my purse. I use coupons, and often can't pass up a deal. Now I try to do a 'no spend' and keep the money in my purse. I have saved quite a bit with my new plan!
The best money move I ever made was buying a condo in the state my son chose to go to college in. After a year of paying $750 a month for dorm living we found a condo to purchase for $279 a month. He found a roommate that pays the going rate of $250 a month. We are so excited for our investment and the first year of savings in taxes really made it a good move.
This might sound silly, but we eat at home the vast majority of the time and most meals are cooked from scratch for almost 35 years. I know we have saved a bundle over the years. One more thing the 401K at work.
Living in a group house just after college. I lived in a tiny little room that was really more of a sun porch than a room, but it helped me save an incredible amount of money. Rent in DC would have been at least $1000 to live alone. Living in a group house I paid only $310 a month and put the rest in savings. It helped me pay off my first car in less than a year and with no debt I bought my first home a year later!
The best money move I ever made was to marry a guy who sees the world through the same frugal lens as me. We bought a rundown home together and fixed it up into the home of our dreams with his contractor skills and my help, creativity and patience.
We almost never have disagreements about money, which enhances our marriage as well as our pocketbook.
I took a second job to pay off credit card debt. It wasn't fun, but it was worth it and it provided me with a great foundation to live a more financially responsible life. I also gained the freedom to pursue those things I really care about.
My best move sticking to a no-frills budget until we had any and all debt paid off. It saved a ton of money in interest and gave us a great satisfaction. Not sure if I would do it again, because hopefully there won't be a need to...except maybe morgage....
Its amazing how different their country is from ours, I can't believe the price of living there! But, you have to think, living on borrowed money like our government is, compared to their government, their way seems a lot better!
Mine was going to grad school to get an MBA. That one move alone has netted me millions of dollars over the course of a 20+ year career (and counting).
Hands down the best money move I've ever made was having sinking funds autodrafted weekly to our ING/Capital One savings accounts. We have money now set aside for tuition, annual expenses, vacation and savings and we don't have to give it a second thought. It also has caused us to live within our means because we have less money to blow each week since we can only spend what's in our checking account.
The concept of compounding interest is huge. It seems like this generation has no patience. We want things and we want them NOW. But, investing in something, whether it's stocks, bonds, or savings has the benefit of a long term payoff.
There's a new piece that shows the returns if a consumer invested in a company instead of a product by that company. It's pretty incredible to see that a $520 investment in starbucks in the early nineties would amount to almost $50K in profits today. That's the kind of long term payout worth waiting for!
This is a great article. I have been recently let go from a job that I started to hate, but not career itself. There are a few things I can relate to, I definatly wasn't given a lot of work in the past 1-2 months and have not been really enagaged. My fault is that I haven't blown the wistle to my superiors for lack of mentorship that I was getting in the past year.So in return I was thrown under the bus. At least I learned something from this expereince that I must speak up:)
The best money move I've ever made was putting it back in my purse. I use coupons, and often can't pass up a deal. Now I try to do a 'no spend' and keep the money in my purse. I have saved quite a bit with my new plan!
The best money move I ever made was buying a condo in the state my son chose to go to college in. After a year of paying $750 a month for dorm living we found a condo to purchase for $279 a month. He found a roommate that pays the going rate of $250 a month. We are so excited for our investment and the first year of savings in taxes really made it a good move.
This might sound silly, but we eat at home the vast majority of the time and most meals are cooked from scratch for almost 35 years. I know we have saved a bundle over the years. One more thing the 401K at work.
I started a ROTH IRA in my early 20's.
That would have to be investing in an IRA, although it hasn't exactly made me comfortable in retirement. But it's better than no investment at all.
Best money move ever....Paying myself first...
You can also make your own chili powder and grind your own cinnamon.
We started a 401K 15 years ago and we're really glad we did.
Living in a group house just after college. I lived in a tiny little room that was really more of a sun porch than a room, but it helped me save an incredible amount of money. Rent in DC would have been at least $1000 to live alone. Living in a group house I paid only $310 a month and put the rest in savings. It helped me pay off my first car in less than a year and with no debt I bought my first home a year later!
The best money move I ever made was to marry a guy who sees the world through the same frugal lens as me. We bought a rundown home together and fixed it up into the home of our dreams with his contractor skills and my help, creativity and patience.
We almost never have disagreements about money, which enhances our marriage as well as our pocketbook.
I have 3 thrift stores between home and work. I love the vintage jewelry, kids clothing new with tags and housewares I've found.
My best find was a new in boxTracy Porter tea light that sold at Nordstroms for $28 and I got it for $1.00. It made a great gift.
The best article I have ever read! Straight to the point, making sense, giving a proper advice and funny at the same time.
P.S- and I love the "I.Q of a houseplant" expression haha!
I took a second job to pay off credit card debt. It wasn't fun, but it was worth it and it provided me with a great foundation to live a more financially responsible life. I also gained the freedom to pursue those things I really care about.
My best move sticking to a no-frills budget until we had any and all debt paid off. It saved a ton of money in interest and gave us a great satisfaction. Not sure if I would do it again, because hopefully there won't be a need to...except maybe morgage....
i would say paying off debt as quick as possible
the best move was buying a house when prices were low
Its amazing how different their country is from ours, I can't believe the price of living there! But, you have to think, living on borrowed money like our government is, compared to their government, their way seems a lot better!
Mine was going to grad school to get an MBA. That one move alone has netted me millions of dollars over the course of a 20+ year career (and counting).
Hands down the best money move I've ever made was having sinking funds autodrafted weekly to our ING/Capital One savings accounts. We have money now set aside for tuition, annual expenses, vacation and savings and we don't have to give it a second thought. It also has caused us to live within our means because we have less money to blow each week since we can only spend what's in our checking account.
Buying Netflix for $8 a month & getting rid of the extra movie channels. So simple, but offers more entertainment for us for less a month!
Going to a graduate school- I love my new career and am making nearly twice what I was before (including benefits).
The best money move I've ever made was starting a savings account where 10% of each paycheck goes straight into it!
The concept of compounding interest is huge. It seems like this generation has no patience. We want things and we want them NOW. But, investing in something, whether it's stocks, bonds, or savings has the benefit of a long term payoff.
There's a new piece that shows the returns if a consumer invested in a company instead of a product by that company. It's pretty incredible to see that a $520 investment in starbucks in the early nineties would amount to almost $50K in profits today. That's the kind of long term payout worth waiting for!
Article here for reference: http://bit.ly/12f8438
Spending less than we earn and putting extra on our mortgage to pay it off.