Category Archives: Debt Free Living

Disney Rich, Cash Poor

I assume you’ve heard the phrase, “House Rich, Cash Poor.” It refers to the idea that someone’s overstepped their family’s finances when it comes to purchasing a home, meaning a lot of money is tied up in real estate and leaving them little liquid assets. I swore I’d never fall into that “Cash Poor” category,… Continue Reading

What I Do With Fun Money

My husband and I give ourselves about 2.5% of our income every month to just use for fun.  Fun money keeps us from over-analyzing doing or buying the things that we occasionally splurge on.  For my hubby, that’s usually game related in some way.  Here is what I do with fun money: Fun Money Ideas… Continue Reading

My Dumbest Debt Decision Ever

A while ago, I told you about my dumbest investment decision ever – now, I’m going to open the vault of stupidity and tell you about my worst debt decision ever. After all, what better place to talk about dumb money moves than on a blog that’s about how to intelligently manage your money? The… Continue Reading

Living Beyond Your Means: Is There Ever A Good Excuse?

For the past two years, my husband and I have lived on a gross income of less than $50,000 – and while we were never part of the “entitled” 47% of Americans who didn’t pay income tax (our effective tax rates during those two years averaged out to about 5-6%), we definitely learned what it… Continue Reading

He's A Little Bit Country, I'm A Little Bit Rock-N-Roll

My husband grew up, quite literally, in a one-horse town. Technically, his town had hundreds of horses, thanks to a horse farm located within its city limits; it did, however, have just one traffic light – a blinking red one at the intersection of two rural highways that split the town and its 300 residents… Continue Reading

Is There Such A Thing As Good Debt?

This spring marks eight years since I graduated from college – a pricy, private institution – and embarked on my professional career. Eight years since I started earning a paycheck. Eight years since I became financially independent. And, unfortunately, eight years since I began paying $140 a month on my student loans. I’d always been… Continue Reading

Should I Pay Off My Car Loan? You Decide!

I’ve never carried a balance on my credit card. I paid off my undergraduate student loans in a mere five years. I bought my first new car – a 2008 Hyundai Sonata – with cold, hard cash, spurning the high-interest car loan offered to me by the dealer. Needless to say, I hate debt. Now,… Continue Reading

Debt-To-Income Ratio: How High Is Too High?

“Those that fail to learn from history, are doomed to repeat it.” Those famous words, often incorrectly attributed to the late British Prime Minister Winston Churchill (Spanish philosopher George Santayana actually coined the phrase), are applicable to today’s mortgage meltdown. Four years after the stock market began to crumble, sending millions of American homeowners into… Continue Reading