This article is by staff writer April Dykman.
I spend a lot of money on food. (More than I spend on my mortgage.)
Part of it is need, of course. But much of it is want, because I’m both an enthusiastic cook and a health nut. I view food as a cross between health care and hobby. And I know I’m fortunate to be in a position to buy things like freshly pressed olive oil and porcini mushrooms. I know that not everyone has that option. For some people, food is about survival. They have to stretch their food budget as far as they possibly can. Sometimes they go to bed hungry.
Being realistic
This article is by staff writer Lisa Aberle.
The school year comes around every year, so it shouldn’t surprise parents of school-aged kids when August (or September) hits and the brilliant white tennis shoes hit the newly-waxed school floors. Since I’ve had my eye on the start of school for a few weeks, I am not surprised either. But I was surprised to learn that families of school-aged children spent over $630 in back-to-school expenses.
This number from the National Retail Federation includes clothing, shoes, school supplies, and electronics. While clothing is the largest expense on average, the other categories are significant too.
This reader story comes from long-time reader and commenter Bill McFadin, aka Cybergeezer, who commented that he had submitted a story months ago that never ran. We asked if he would resubmit the article, which he kindly did. Some reader stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels of financial maturity and income. Want to submit your own reader story? Here’s how.
I have been retired three and a half years, and my current income is more than I was earning on the job before I retired. How? Well …
This article is by editor Linda Vergon.
When Donna Freedman tackled the subject of teaching our children about money last week, GetAGrip challenged the premise that parents teach and children learn:
“All sounds pretty, teach them all this information and they will use it, right?
“I’m not advocating not teaching, but just don’t be surprised if they somehow seem to ‘forget’ much if not all of what they were taught and run up the credit card, take out a car loan, and do a host of things that freak your 40+ year old frugal self out.”
This story is by staff writer Honey Smith.
The dust has (mostly) settled from our home purchase. As a result, I thought it would be a good time to post an updated version of “the reckoning.” I also thought I’d share our reasoning for moving forward with homeownership at this point in our personal finance journey.
The Reckoning
Please note that I have consolidated some separate accounts of the same type into one category for simplicity’s sake. Additionally, I’ve listed our original reckoning amounts from 2012 to give an idea of the progress we’ve made.
Honey’s Reckoning: Debts and Assets
Credit cards: $0 (was $4822.38)
This article is by staff writer Kristin Wong.
(This is part I in a series about challenging traditional measures of financial success. Part II is Challenging traditional measures of financial success: Homeownership.)
Not going to college was never really an option for me. “Don’t even joke about that,” my mom once said when I brought up the idea as a teenager.
My parents never went to college and believed they suffered financially because of it. Statistically, they may be right. According to the data, a bachelor’s degree can help you earn significantly more than a high school diploma.
This article is by staff writer William Cowie.
Ever hear someone say, “You can’t trust those government statistics”? When they say inflation is 1.6 percent, do you feel they might be fudging the numbers to bamboozle the masses? Many people, even the highly educated, feel there is a government conspiracy to doctor the numbers and make them look better or maybe just make us feel better. Investopedia, one of the more respected sites, has a particularly harsh view of these numbers.
Is that true, though? Is your government “cooking the books,” as it were? Let’s take a look at one of the most quoted, and disputed, sets of statistics people look at — the Consumer Price Index, or CPI.
This post is by staff writer Honey Smith.
Last year’s August update was full of good news, and it seems to be a yearly tradition! I will go over each update and its impact on my life, but the bottom line is:
My student loan balance now starts with an eight!
Jake paid off his credit card debt!
I got a raise!
We get dozens of requests at GetRichSlowly.org every day. They are usually queries such as “Can I guest post to promote my business?” (No.) “Will you share our infographic with your readers?” (No.) Last week we received one that intrigued me. The writer had started a crowd-funding effort to pay off his mortgage and he wanted me to share it with the Get Rich Slowly community. I replied, “Why would anyone want to pay off your mortgage? I’d like other people to pay off my mortgage too. What’s in it for them?” His reply and reasoning made me decide to let him tell his story and make his plea to you.
There have been successful crowd-funding efforts in the past couple of years to help people pay their student loans, their personal credit card debt, medical bills and much, much more.
This article is by staff writer April Dykman.
On Monday at 8:30 a.m., I found myself at the veterinarian’s office — where, unknowingly, I would spend the next three hours.
The night before, my cat Mia threw up at least five times. In the morning, I found her wedged into a corner of the bathroom. I could tell how she felt just by looking at her.
I called the vet’s office near my house right when they opened, hoping to get her an appointment as soon as possible. I was relieved when they said they could see her in an hour.
The veterinarian wanted to run complete lab work on her and either do an x-ray, which is less expensive but provides less information, or an ultrasound, which was almost $300 but could tell them more.
What’s really necessary?
Facebook
Become a fan
Twitter
Follow us
RSS
Subscribe