Author Archive
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The rule of 72 (Part 1)
If you’ve been reading about money for long, you may have heard of the rule of 72. If not, you should know that it’s a valuable tool in understanding the power of compound interest. This rule is that quirky little fact of compounding interest that allows us to predict how long it will take an am...
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Day 266: Looking Out Into the Near Future
Alot of us make long term goals, like buying a house or saving retirement. We also make short term personal finance goals like creating an emergency fund or paying off a credit card. One thing that we have been trying to work on, is planning for our immediate financial needs. Sometime we find our...
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Day 265: Tracking Your Spending On a Daily Basis
One of the things that we have learned during the one month challenge is that tracking your spending on a daily basis is not easy. In fact it is very difficult. We have done our best to track the actual dollars that we have spent. I am sure that we may have missed something, but in the end we will...
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Day 210: Better Work Life Balance
We love to preach the joys of simple living with a good life work balance. Unfortunately as of late, our life work has been greatly out of wack. As I have been freelancing more and more to increase our income to more quickly eliminate our debt, the amount of fun in our lives has decreased greatly. ...
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Day 209: The Laptop That Won’t Go Away
Many of you are probably aware of our extraneous laptop issue with ecost.com. Well, we decided to sell the laptop on ebay, and the issues only keep rolling on with this darn MacBook. Typically, selling on ebay is fairly easy. You post the auction. Someone bids and wins your item. You send th...
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Day 191: Bank of America Up Front About Balance Transfers
I was making a balance transfer this morning, to move one of our cards balances from 5.9% to 3.9% with no transfer fee, when I discovered this little nugget of information. I know that everyone with any knowledge of their credit cards knows this, but it was nice to see it in plain site, large font a...
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Day 267: A Review of Our 2007 Goals #1
In the beginning of 2007 we posted a few of our goals for 2007. Since the first month of the year is out of the way, that means it’s time for us to review where we are in accomplishing our goals for 2007. Our first goal of 2007 is debt reduction. We are planning on paying off all of our credit...
