The Best Personal Finance Advice I’ve Received

The Best Personal Finance Advice I’ve Received

Almost 10 years ago, I read some advice in a personal finance book that has forever shaped the way I think about my money and spending habits.

The book was I Will Teach You to Be Rich by Ramit Sethi. (The newly released second edition is available here.)

The nugget of wisdom that has stuck with me all these years? “Spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t.” Continue reading →

Posted by Rho in Manage Money, 2 comments
A Peek at Our Monthly Budget

A Peek at Our Monthly Budget

Some people have asked about how we’re able to pay so much toward our debt each month.

Of course, a big part of it is that Mr. TMG and I both make six figures, so we have a bit to work with. The other part is that we try to keep our expenses in check. As we all know, it’s possible to make a lot, spend even more, and end up broke.

I thought it would be helpful to pull back the curtain on our monthly budget so you can see our other typical expenses. Continue reading →

Posted by Rho in Manage Money, 0 comments
April 2019 Debt Payoff Update: $8,814.27 Paid

April 2019 Debt Payoff Update: $8,814.27 Paid

Welcome to my debt payoff update for April 2019! In these updates, I detail our progress on our debt payments for the month and highlight any updates in our financial situation.

I started this site to hold Mr. TMG and me accountable in our debt payoff journey. I also want to inspire and encourage others who are in debt (especially if you owe six figures like we do) by showing everyone that debt doesn’t have to be forever.

Whatever your numbers, I hope you find some inspiration in our story.

Let’s get to it!

Continue reading →

Posted by Rho in Debt Payoff Updates, 0 comments
We Make Too Much Money to Be Broke

We Make Too Much Money to Be Broke

I came out of law school making six figures. I was a kindergarten pipeline kid and had been in school for 20 years at that point.

Mr. TMG was still in med school at the time, but our household income was more than either of us had ever seen.

Two people who grew up with nothing had a six-figure household income. You couldn’t tell us nothing. Continue reading →

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Thoughts on Life and Money at 30

Thoughts on Life and Money at 30

I’m officially 29 years and 364 days old.

I don’t feel much different, but it’s weird to think I’m about to complete my third decade of life.

On the eve of my 30th birthday, I’m reflecting on the evolution of my finances and sharing a few lessons I’ve learned about life and money. Continue reading →

Posted by Rho in Manage Money, 2 comments
We Don’t Have a Student Loan Crisis

We Don’t Have a Student Loan Crisis

Everywhere I turn there is talk of the student loan crisis in America. All the news outlets talk about how millennials can’t get ahead because we’re collateral damage in this crisis.

Make no mistake, the astronomical cost of higher education is outrageous, as are the cost increases (that far outpace inflation btw) that are piled on year after year.

However, the ever-increasing student loan burden is simply a symptom of a more significant underlying issue. Continue reading →

Posted by Rho in Manage Money, 3 comments
March 2019 Debt Payoff Update: $3,111.90 Paid

March 2019 Debt Payoff Update: $3,111.90 Paid

Welcome to my debt payoff update for March 2019! In these updates, I detail our progress on our debt payments for the month and highlight any updates in our financial situation.

I started this site to hold Mr. TMG and me accountable in our debt payoff journey. I also want to inspire and encourage others who are in debt (especially if you owe six figures like we do) by showing everyone that debt doesn’t have to be forever.

Whatever your numbers, I hope you find some inspiration in our story.

Let’s get to it!

Continue reading →

Posted by Rho in Debt Payoff Updates, 2 comments
The Freedom of Budgeting

The Freedom of Budgeting

The dreaded “b” word of personal finance.

Budget.

If you’re like many people, you don’t like budgets. You believe they’re restrictive, and you don’t want to be tied down and not be able to spend your money.

I used to feel the same way, but I realized (after actually trying a budget) that the common misconception that budgets limit your spending couldn’t be further from the truth. Continue reading →

Posted by Rho in Manage Money, 0 comments
How We Save Money on Groceries

How We Save Money on Groceries

Food is most people’s third largest expense, after housing and transportation. The average family spends about $6,000 each year on food.

If you can find ways to cut down on food costs, you can free up money you can use for other things.

I’m definitely not one of those extreme couponer types. (No offense if you are.)

Most of us just don’t have the time to dedicate to finding and clipping the number of coupons necessary to get a whole cart full of groceries that the store ends up owing you money for. Continue reading →

Posted by Rho in Save Money, 0 comments
Your Credit Card Is Not An Emergency Fund

Your Credit Card Is Not An Emergency Fund

Let’s talk about this trend of people who are relying on credit cards as an emergency fund, rather than saving money. Given the state of America’s finances, this practice is problematic on so many levels.

Debt in America

The statistics on debt in America are dire.

The nation’s collective credit card debt alone has reached over $1 trillion. That’s not to mention mortgages, car loans, student loans, and other types of debt. Continue reading →

Posted by Rho in Manage Money, 0 comments
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