Many of us start off our debt repayment journey with a bang, diving in head first, ready to demolish that nasty debt. We make up our mind we want it gone, and we want it gone now! While our vigorous enthusiasm to tackle debt is a crucial part of motivation, many of us fall victim […]
Save bundles of cash buying used: Your guide to the most commonly purchased used items
Last week we sold a home gym on Craigslist for $150 that we purchased used 3 ½ years ago for $175. Total cost of use? $25 over three years – not bad! We’ve done this numerous times, re-selling bikes, furniture, and other items, sometimes for the exact same price we paid. Though the primary reason […]
The right time to start working on your finances will never come (so start today)
“Action expresses priorities” – Mahatma Gandhi We talk about how badly we want to pay off our debt, how desperately we would like to start saving for the future – but now just isn’t the right time. We say, “When I make more money…When I have more time…When the stars align -that’s when I can […]
Proven strategy to help you successfully pay off your debt
You know the formula – spend less than you earn and use the difference to pay down debt, utilizing the snowball method for maximum effectiveness. This is an excellent recipe for debt repayment. You rock that first month of debt repayment, seeing a real drop in your loan balance. Month two sees some progress, but […]
How to be happy and content with your life right now
Recently, I helped plan and serve the evening meal at a local homeless shelter. The faces going through the line could have been anyone – my niece, my father, my friend, myself. Whatever circumstances landed those individuals at the shelter that evening, I can only imagine what would it would have taken for them to […]
To pay off the mortgage or not, that’s the question: Our experiment
To pay off the mortgage or not, that is the question. And a highly debated one, indeed. But the answer depends upon a person’s unique financial situation and mindset. Investing is typically the winner when we rely strictly on the math for an answer. Average market returns are generally higher than the amount of saved […]
How I slashed my grocery spending in half without using coupons
Last fall, I was combing through my monthly expenses once again, searching for ways to cut back on spending. After consulting my trusty spreadsheet, I discovered we were spending $500-600 per month on groceries. This isn’t an outrageous amount. Yet, considering I grow some of my own food, preserve it and buy ¾ of a […]
Four steps to take when you’re stressed about money
Financial stress affects more than just your bank account. Worries about whether there is enough money to buy groceries, keep the lights on or pay the rent affects daily thoughts, feelings, behavior and health. Money-related stress can feel like a threat to our very survival. Recently, J$ over at Budgets Are Sexy wrote a thoughtful […]
Centsibly Rich receives the Liebster Award: 11 Questions from Dames in Debt
I am both thrilled and grateful to have recently been nominated for the Liebster Award! A big thanks to Dames in Debt for nominating Centsibly Rich! So, what is the Liebster Award, you ask? I asked that exact question when I found out Centsibly Rich was nominated! I discovered the Liebster Award is an online […]
You might be shocked at how much you spend on food each month
“Currently I am working on cutting down my food bill. I added it up for Jan 2016 and nearly passed out. It was beyond ridiculous, for three adults!” – M This reader tallied her food expenses for a month and was shocked at how much she had spent. Food is typically our third highest monthly […]