Category Archives: Money

Where Health and Money Intersect

I read a couple of interesting articles (RockstarFinance featured daily articles) today and, amazingly, the more I read finance blogs the more I find out that I already incorporate a lot of the mindset into my daily habits and have for years. (I attribute this to the way my father raised me.) In a way this is annoying because things “that I could do to save money” are already my habits – so there is little money to be saved.

The biggest aspect of my financial health is really boosting my income. I work at a job I am passionate about and which gives back to the world, but it doesn’t come with a hefty paycheck. I need to find a good side hustle. (But back to our topic…)

Two of the articles I read today struck me as habits that I have had for a long time and which not only benefit your wallet but benefit your health. Here are the two articles: Thirty Days, 3 Seconds and How Drinking Water Saved Me More than I Expected. Now if you read these two articles you will see that first is being aware of your spending – every purchase you make you notice. I am pretty good about this (I have gotten a bit lax compared to before) but something that strikes me about it is that as you notice how much you spend, you are also forced to notice what you are spending it on and whether it matches your values. (For more on that see my post Minimalism and Money)

This can lead to changes in your diet too, i.e. you notice how much you are spending on fast food so you make a few less trips a month or you start heading to the grocery store more frequently. This ties right into the article about how by making a commitment to not spend on beverages and just drink water the author’s health and other monetary habits improved.

I happen to pretty much follow the not purchasing beverages rule (although I do buy almond milk and the occasional protein shake). This has lead to great health benefits for me – I have never had a habit of drinking soda and the thing is – I have never felt I was missing out. It just never became a habit.

So my take away is – good habits prevent other bad habits and sometimes thinking with your wallet can improve your health!

 

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Minimalism and Money

In relooking at my finances and reading blog posts I saw people posting about minimalism – including selling possessions to make some extra money, pay down debt and generally get ahead.

I am lucky – my parents (divorced) had vastly different approaches to money.I learned from their examples.

My dad grew up in the Great Depression in a poorish family. (They weren’t destitute – but they definitely watched their dollars.) My Dad is VERY frugal, had a good job and he has done well for himself – he’s not rich, but he will always be comfortable and he can afford to live well.

My mom on the other hand is much more entrepreneurial and focused on generating lots of income and then spending it! She had a lot more ups and downs. While, there were some really good times and lots of luxuries that I would have NEVER gotten from my dad. It was more feast or famine. She never saved for the rainy days and so struggled more.

My dad’s frugality imbued good frugal habits – because I grew up that way, I’ve never missed the “lattes” there is so much contest (in the financial blog world) about cutting out. The $4 lattes always seemed like a luxury for me and never became a habit  My mom’s entrepreneurial spirit inspires me to look for more than just a good job and her mistakes taught me that good financial management is important.

I started looking at minimalism and how to implement it in my life -what possessions I could sell, how I could cut bills down and I realized…I am already there. Converting to minimalism only gets you ahead if you aren’t already a minimalist and don’t realize it! I totaled up what all I could sell and I think I might be able to make a few hundred dollars (and I am being generous) holding a garage sale.

I guess the good thing is that I have saved myself thousands of dollars by not buying things I don’t need.

Ultimately, I think when it comes to financial advice you have to look at your own situation and priorities and figure out what matters to you and what doesn’t. Then figure out how to cut out the things that don’t get you closer to your own goals and the life you want to live. It’s all about thinking in futures. Don’t let the fun latte-filled lifestyle of today prevent you from having a a great lifestyle in the future. Don’t rob your future self of happiness and financial stability.

 

 

 

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Oooh Taxes are Due….Let’s Talk about Money

With the tax season comes a reminder on just how much I need to take a good look at my finances and make some changes. One of the habit changes I am making is to start thinking about money. I am in my 20’s and while I could be in worse financial shape, I could be in much better shape too!

I believe that if you constantly expose yourself to information and educate yourself about a subject you will start making better decisions in that area – naturally.

So, I am applying this to money. I am reading at least 1 financial blog post per day. Often, this leads to reading 3 or 4 blog posts. I have been doing this for a few weeks now and it is not only becoming natural – I really look forward to it each morning.

Here’s how I started:

  1. I found out about http://www.rockstarfinance.com. This is an awesome website – each weekday “J.Money” combs the internet for the best blog posts on personal finance – so all the work is done for you.  Just click, and read! On the weekend, I just use the archives and other links on the site to find articles and blogs to read.
  2. I set http://www.rockstarfinance.com as my homepage in my browser – every time I open up the internet to do anything it shows up! This reminds me (an interests me) to read even if I’m “not in the mood.”

 

What new habit will you start to increase your financial life?

 

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Money – Retiring Young

My boyfriend loves making money, saving money, running businesses, etc. I, on the other hand, work at the job I love – because I love it. I pay my own way, but I am certainly not “killing it.”

Recently, my boyfriend came across a blog www.mrmoneymustache.com. He started reading me blog posts. I would often find myself laughing through these short articles and inevitably taking something positive away from what Mr. Money Mustache said.

I have found myself addicted to Mr. Money Mustache or MMM. Part of my morning routing includes whipping out my phone, Nook or computer and reading a post or two (or three or four).  He has changed the way I look at certain things money-wise. Though I am not living the lifestyle Mr. Money Mustache teaches, I do find his words inspiring and I take much from what he says.

Here is the standard starter post: http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/.

WARNING: If you find profanity of any type offensive, Mr Money Mustahce is not for you, he is down to earth, funny and includes a heaping dose of swear words as he deems appropriate.

Here are some of my favorite articles:

ABSOLUTE FAVORITE! http://www.mrmoneymustache.com/2013/06/04/get-rich-with-the-chaching-instinct/

http://www.mrmoneymustache.com/2011/05/15/mustache-on-the-move-the-evil-mister-money/

http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

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