I know most personal finance experts recommend that you have an emergency fund. I never really felt concerned by that for several reasons. First, because I have always been pretty reasonable with my finances. I always saved a lot, and during any given month, I could just have stopped saving and used that money in… Read more
Viewing posts tagged with: budgeting
The price of having a roommate
I have almost always lived with roommates and some of them were a pleasure to be around, while others were a real pain. With some we would make dinner together, or go out, and with other we wouldn’t talk for months. Obviously the first is nice while the later isn’t that great. When I moved… Read more
Step 10: Minimize your wants
This post is part of a 30 days series called the 30 steps program to financial independence. You can check the list of other posts here. Minimize your wants If you want to reach financial independence quickly, it is necessary to save as much money as you can. While you can brown bag it to work… Read more
Step 2: Start Small
Yesterday we saw that saving is the first step towards financial independence. You have to save money, quite a considerable amount of it, in order to be someday financially independent. And just like a diet, you need to start small. You can’t start by saying ”I will save $2,500 every month” if you make $3,000…. Read more
Step 1: Start Saving
Step 1: Start Saving In order to reach financial independence, you need to have a certain amount of money in the bank. Unless you vowed never to use money ever again, like some people chose to, but the most likely is that you will rather need plenty of it. We will see in the… Read more
Coming up: 30 ways to reach Financial Independence
I am starting a series in August, that I hope you will like. I will describe 30 ways to reach financial independence, one per day. We will talk about the basics, like saving money, starting a fund for your future financially independent life, and run a few numbers to see how much you need to… Read more