When you start a blog about personal finance and simple living, you will undoubtedly get a host of skeptics. Especially once you get really specific about how you deal with your own money and personal possessions, people begin to cock their heads in bewilderment.
Believe us, the judgment is palpable. Continue reading “2018 Spending by Category”
“We are going to take it to another level in 2018 – planning to invest about 50% more than we did this past year.” YBF, Circa January 2018
Most New Year’s resolutions fail. Gyms will fill up for a short time before numbers steadily dwindle toward normalcy. More books will be read and journals will be scribbled in these first few months of 2019 than the remainder of the year. The health food section of the grocery store will be riddled with unaware newbies attempting to decipher the label on non-GMO products before losing hope.
But, there will be a percentage of folks who break through. Who reinvent themselves and cultivate an upgraded identity. One where the gym is merely their commute home from work. Where the only aisles they shop in are the ones with healthy food options. Where reading becomes more commonplace than Netflix and Chillin’. Continue reading “How We Saved $58,000 in 2018”
There was once a man who had worked diligently for 50 years. He owned a successful business and had sacrificed everything to build it up to its zenith. Nearing the end of his working days, stressed and tired, the man swore that once he sold his business he would finally do what he’d always wanted—woodworking. Continue reading “Build the Life You Want Now”
Children are exposed to money their entire lives. They play with fake money as toddlers. They get a little older and play Monopoly or Lemonade Stand. They see their parents spending money at the grocery store or the mall. But how much do they truly understand about money? As parents, it’s important we instill lessons about money in our children so that they can use it for the betterment of themselves and others, and not for their destruction.
With so much ‘wisdom’ to choose from, what principles should every child learn in order to set themselves up for a successful financial future? Here are five stepping stones to get started. Continue reading “5 Things to Teach Your Children About Money”
The first weekend in November, we spent a long 4-days in the Big Apple to celebrate the end of Jake’s coaching season. I’ve also found that the first weekend in November is one of the best travel weekends of the year, as we have experienced firsthand 3 of the last 4 years. One of the great things about being on top of your money is that it also enables you to spend said money guilt-free. We plan on a late fall weekend getaway every year, and budget for it accordingly. In case you didn’t already know, NYC is not the cheapest city in the world (and, to be honest, we weren’t always the most frugal while we were there, either), but you can still “do” New York on a reasonable budget. If you like a big city feel where the energy is off the charts, I highly recommend New York. Here’s a summary of the trip. Continue reading “NYC Weekend Recap: What We Did + Lessons Learned”
About a year ago, we started the process of maxing out every savings account available to us as an experiment of sorts. It took a bit of laborious work on the front-end—signing up for IRA’s; communicating with our employers about new contribution amounts; speaking with shady financial advisors (who we ignored); setting up HSA accounts. But eventually, after the work was done, the work was pretty much done. It was time to sit and wait and see what all this stuff meant. A lot has happened in 12 months, and we’ve got some observations we’d like to share. Continue reading “What 1 Year Chasing Financial Independence Will Do”
Here at YBF, we use all sorts of financial and personal resources in order to make our lives easier, find inspiration, and gain knowledge. We wanted to share some of our favorites with you. Continue reading “Our Favorite Resources”
Something I hear from people regarding spending is that it’s the minuscule purchases, those elusive ones that seem trivial, those are the ones we must be wary of because they accumulate over time and, KABOOM, you spent $1,000 on pumpkin spice latte’s last year! Holy moly! Time to cut back on my delicious seasonal indulgence. Continue reading “Buy the PSL, Not the Porsche”
We live in a world of walls. Not walls we can see, but ones we place up around our lives to shield us from embarrassment, or, dare I say it, to shield the fact that we were wrong. Continue reading “The Power of Admitting Our Downfalls”
We have a saying in America that people love to romanticize: pulling yourself up by your bootstraps, which, in essence, means to figure it out. Toughen up. Stop being an idiot. Fix your mistakes.
While this is all well and good in some situations, ‘pulling oneself up’ is rarely a one-man (or woman) effort. Continue reading “Don’t Go It Alone”