The ghost of debt past

Come with me on a journey back in time. In August 2005, I called into “The Dave Ramsey Show.” I was the last caller of the hour. I was 30 years old, Amy and I had been married for just over two years, we were renting, had two incomes, and no kids. We had almost…

Read more...

How to save $500 per month

If you are looking to cut your monthly expenses, we have discovered a tried and true method for holding onto your money each month. It sounds radical, but we don’t have car payments. In fact, we haven’t had one since 2010. Admittedly, we never had car payment of $500 a month. But according to this…

Read more...

How to know when you’re ready to buy a house

Don’t do what we did. I have mixed feelings about home ownership. For one, I believe it is good to own a home, and more importantly, to own it free and clear with no mortgage. As you get older and head toward retirement, having a mortgage is the last thing you need. It’s best to…

Read more...

Why I don’t follow most people’s opinions about money

When you start talking openly about personal finance, it opens the floodgates to others who want to share opinions about money. I am totally OK with this. I like to hear the viewpoints of others, even if I disagree with them. One of the more common pieces of advice goes something like this: As long…

Read more...

Teaching children about the chain of debt

Although getting out of debt might appear as an event the adults in our household are doing, our children are very much involved in this process. We have a spreadsheet on the fridge counting down in $1,000 increments, but the kids don’t seem to be into it that much. I can certainly understand why; spreadsheets…

Read more...

What will you buy when you’re out of debt?

Last weekend, the kids took a weekend trip to the grandparents’ house giving my wife and I the opportunity to test what a date night in “The Year Of No” would be like. We went through the gift cards. I found a movie card for $10.45, but that wasn’t going to be enough to get…

Read more...

How to remove temptations to spend from your phone

I really love my smartphone, and I also hate it. These devices are magical. Having been in the technology field for more than a decade, I’ve seen the computing power grow so much. I surmise the average person doesn’t comprehend how much computers have advanced in the last 20 years. In fact, I suspect many…

Read more...

The Year Of No

We have declared 2018 as “The Year Of No.” In September 2016, we started paying more — much more — than we had ever done before on our debt. We were taking Financial Peace University, and had a little bit of money left over from the sale of our home. Now renting, my wife and…

Read more...

From the beginning …

It seems like this journey started such a long time ago. In a way, the journey began the moment I became an adult, and grew legs as I entered the working world. I graduated from college in December 1999 with a little bit of student loan debt, credit card debt, and the debt on a…

Read more...