Get Off Your Assets and Conquer Your Money

Get Off Your Assets and Conquer Your Money

In honor of International Women’s Day, I’m collaborating with over 40 other bloggers to inspire women to improve their finances. Check out posts from my amazing co-collaborators on the landing page for the #WomenRockMoney Movement, and share how you plan to improve your financial position this year using #WomenRockMoney. 🙂


Women are taking the world by storm. We are entrepreneurs, corporate professionals, home economists, and more.

In all of our busyness making boss moves, though, we often neglect self-care and self-improvement. In our financial lives, this means our financial literacy tends to be sorely lacking.

Women are failing at money

Ladies, we have GOT to get our financial lives together.

We are still paid 20% less on average than our male counterparts. Starting a family tends to have a far greater impact on our career trajectory than that of our male colleagues.

These things are largely outside of our control.

Combine those facts with our tendency to bury our heads in the sand when it comes to money, though, and you’ve got a recipe for disaster. Continue reading →

Posted by J in Manage Money, 0 comments
The One Simple Reason to Kill Debt Before Investing

The One Simple Reason to Kill Debt Before Investing

It’s an age old question: should you pay off debt or save/invest first?

At the end of last week, I read an interesting guest post about student loans and asset allocation written by The Physician Philosopher (“TPP”) for Physician on Fire‘s (“PoF”) blog. In it TPP talked about the diversification his student loans provide for his investment portfolio because of the guaranteed return he gets as he pays them off.

He mentioned that he and his wife max all available retirement accounts before paying extra on his loans. He plans to be finished paying them off within two years after he finishes his fellowship training.

The argument for aggressively investing while paying off debt

TPP and I got into a heated debate quite civil discussion in the comments section about whether it’s better to pay off loans before investing or to invest as much as possible while paying off debt. Continue reading →

Posted by J in Invest, Manage Money, Pay Off Debt, Save Money, 10 comments
February 2018 Debt Payoff Update: $13,051.03 Paid

February 2018 Debt Payoff Update: $13,051.03 Paid

Welcome to my debt payoff update for February 2018! In these updates, I detail how much we paid, tell you about any extra income we received during the month, and finally tally where we stand now.

I started this site to hold D 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 J in Debt Payoff Updates, Pay Off Debt, 0 comments

Three Tips for Handling Money in Marriage

I listened to an episode of one of my favorite podcasts this morning that truly resonated with me regarding handling money in marriage, and I want to share with you guys. If you follow me on Twitter, you may have seen my tweet about it already.

The Redefining Wealth Podcast is hosted by Patrice Washington and explores the six pillars of a wealthy life. I always come away from her podcast feeling enlightened and inspired.

Today’s episode featured Talaat and Tai McNeely of His and Her Money. Guys, this is such a loving and committed couple. Their podcast is one of the tools keeping me motivated on our debt payoff journey. You should definitely check them out.

On the show, Talaat and Tai share their story of overcoming debt and financial infidelity in their relationship. I encourage you to listen to the full podcast, but I wanted to pull out a few especially good nuggets about handling money in marriage here. Continue reading →

Posted by J in Manage Money, 2 comments

The Number One Mortgage Myth You Don’t Want to Fall For

There’s lots of advice about mortgages out there. Much of this advice centers on how to get a mortgage, but what if you already have one (like two-thirds of Americans do)?

Fewer people talk about how to handle your mortgage once you’ve signed on the dotted line.

Most of us pay the mortgage payment set by the bank without thinking twice about it. We also tend to hold onto mortgages for the full term because they’re “good debt.”

We may not know everything about mortgages, but we know enough…or do we?

What if I told you that one of the long-held beliefs about mortgages actually isn’t true? Continue reading →

Posted by J in Manage Money, Pay Off Debt, Save Money, 2 comments

Don’t Ruin Your Tomorrow Trying to Impress Others Today

Your co-worker always has the latest fashions and showed up to the office today rocking the pair of Louboutins you’ve been wanting.

Your neighbor pulled up in a brand new luxury car yesterday when you were getting out of your 5-year-old Honda Accord.

Your best friend is still sun-kissed from her fancy two-week island vacation, while you’ve been in your regular, non-tropical city where it’s been rainy and overcast for the last week and a half.

You probably make about the same amount as they do and work just as hard if not harder. If they can afford those things, you can, too, right? After all, you have to treat yourself–you deserve it!

We’ve all been there. It’s a classic case of trying to keep up with the Joneses. The thing is there’s always more to the story. Continue reading →

Posted by J in Manage Money, 0 comments

How to Win at Money with Tax Refunds

Have you heard the one about the smoker and the Ferrari?

A woman sees a man smoking and asks how many packs a day he smokes, how much each pack costs, and how long he’s been smoking. Once he tells her, she does some quick back-of-the-envelope math and informs him that if he had invested that money rather than throwing it away on his cigarettes, he could have bought a Ferrari by now.

The man then asks the woman if she smokes. When she replies, “No,” he asks dryly, “Where’s your Ferrari?”

This joke sums up my feelings about most of the tax refund haters out there.

Refund Hater: “Why would you get a refund? You’re just giving the government an interest-free loan! If you were getting that money in your paycheck, you could be investing it for yourself.”

Me: “How much more are you investing since you’re not receiving a refund?”

Refund Hater: “Oh…uhh…well, I haven’t quite gotten around to that part yet. I’ll be able to do more whenever I want, though, because I’m keeping more of my money!”

Me: *side eye* Continue reading →

Posted by J in Manage Money, Pay Off Debt, Save Money, 2 comments

Tithing While Paying Off Over a Half Million Dollars in Debt

We didn’t always tithe. We used to feel like we couldn’t afford it. As we started growing in our faith and learning about tithing, we started looking at our budget to figure out how we could tithe.

We started out giving 10% of our take-home pay plus 10% of our tax refund. Within the last 18 months, however, we began tithing on our full gross pay and couldn’t imagine going back. Below I explain why we are tithing while paying off debt, which is a hot-button issue for many people.

What is a tithe?

A tithe is the first 10% of your total income, which is given back to God in faith and in obedience. It should be given freely and not out of a sense of obligation or guilt or with an expectation of receiving anything in return.

Why are we tithing while paying off debt?

As you guys know, we are paying off $670,000 in debt. Continue reading →

Posted by J in Manage Money, Pay Off Debt, 0 comments

Everything You Need to Know About Emergency Funds

One of the smartest moves you can make with your finances is to build an emergency fund. Read on to learn more about this essential financial tool.

What is an emergency fund?

An emergency fund is money you set aside for the unexpected expenses or unforeseen events that pop up in life. Your emergency fund would cover things like a job loss, unexpected emergency room visit, major unexpected home repairs, etc. It acts as a buffer so that these events don’t throw you into (or deeper into) debt.

Your grandma might have told you to always put some money away for a rainy day. Grandma was talking about your emergency fund. We know that “rainy days” inevitably will come, so we should save an emergency fund to prepare for them. Continue reading →

Posted by J in Manage Money, Save Money, 2 comments
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