Why I’ll Never Fix That Dent in My Car

Lanny and I have talked extensively about our disdain for owning a car, forking over a monthly payment for a depreciating asset, and dealing with all the random costs and annoyances that come with owning a car.   Well, a half a year ago, I caused some self inflicted damage to my car and have a massive dent to show for it.   This time, I drew a line in the sand and determined I am not spending my hard earned money for the repair!

Continue reading

Facebooktwittergoogle_plusredditpinterestlinkedinmail

3 Ways to Simplify My Finances

Life is short, we all know that.  Over time, small tweaks to financial habits can build up into a bureaucratic nightmare.  That’s what I think happened to me and it caused an unnecessary burden.  At the time of my decision, I’m sure getting that bank bonus was a great idea.  I’m sure opening this new cash back credit card that is slightly different than my hotel points credit card appealed to me for some reason.  There is nothing wrong with adding layers, cards, rewards programs like Swagbucks, etc. and I don’t want that to be the takeaway here.  But for me, it has become too much. I want simplicity and efficiency with my financial habit.  In this article, I identified three pain points in my current finances and propose solutions and action items for each.

lead

Continue reading

Facebooktwittergoogle_plusredditpinterestlinkedinmail

5 Reasons I Am in No Hurry to Buy a House

My fiance and I have been joking around about this (well, mostly me) recently.  When you talk about your wedding with your friends and family, there seems to be three questions that always enter the conversation.    Where is your honeymoon?  When are you having a baby? And when are you going to buy a house?   I love the questions and have a great time talking about them.  I just think it is funny how they always seem to come up!  I’m sure most of you out there that have gotten married know exactly what I am talking about.  The first two are easy answers, and unlike DivHut, you won’t be reading about a Baby Diplomat dividend growth investing fund anytime soon.   The purpose of this article is to focus on point number three, when are we going to buy a house?  I spoiled the suspense with the title of the article, so let’s take a look into why we are in no hurry to purchase a house after our wedding.

pay down the mortgage or invest

Continue reading

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Bert’s Savings Rate Summary: February

We are flying through 2015 folks.  With two complete months in the book and nearly a third (I apologize this post has taken me a while to finish), we are marching our way through the calendar year.  Soon, it will be time for our quarterly goals assessment to see if we are on pace to hit accomplish our goals for the year.  Anyway, as February came to a close, it is time to see if I was able to defeat the Dividend Diplomats’ Savings Challenge for the second consecutive month.  Let’s review my savings rate summary.

Continue reading

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Bert’s Savings Rate Summary: November

My third month of taking the Dividend Diplomats 60% Savings Challenge is officially over.  I am coming off quite the high note in October as I was able to successfully save 63% of my income!  Could I keep the momentum going and achieve the coveted 60% savings ratio once again this month?

Continue reading

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Bert’s Savings Rate Summary: October

Last month I decided to take a plunge and accept the Dividend Diplomats’ Savings Challenge which pushes us and any brave reader to save 60% of their monthly income! This month I am going to try a slightly different method of displaying my savings rate.  Last month, I listed the dollar amounts for each category used to calculate my final ratio.  However, this month I am going to experiment with a new format (much like Lanny’s) and list each expense category as a percentage of total income for the period.  With that being said, it is time to calculate my saving’s ratio for the month!

Continue reading

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Lanny’s September Income and Expense Summary

Another month has passed, another month where I ask myself… Did I hit the 60% savings goal with my income and expense tracker?  Did I hit the big mark that I set for myself in August when I was discussing why I am aiming to save 60% of my income?  I know Bert did extremely well, saving almost 50% of his income for September.  C’mon Bert, step your game up, you have someone to split your income with and you can’t save 50% of it, weak, right?  Joking, he did extremely well as I’ve said, now let’s see how I performed in my balancing of the income and expense categories. Income and Expense Continue reading

Facebooktwittergoogle_plusredditpinterestlinkedinmail