Support Small Businesses with Small Business Saturday Shopping

A lot has changed during the coronavirus pandemic. Large in-person gatherings are a thing of the past, the economy has been affected, and some businesses have even shut down. There are many small businesses that are still open, but they’re struggling. It’s up to everyday people to continue to support them. But consumers have also… Read More

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Struggling with money anxiety and finding balance

On Saturday evening, I had a chance to chat with my friends Wally and Jodie. You might remember them from a reader case study from last August. They’re the couple that wants to get their finances in order but they’re worried because they’re starting with less than zero.

When we chatted in August, Wally and Jodie had over $35,000 in debt. They had variable incomes, but somehow seemed to spend exactly what they earned — about $3000 per month after taxes. Worst of all, they were behind on some payments.

Now, eight months later, their situation has improved.

By the numbers: My spending for March 2019

March was a mixed month in my financial world. I ended March with a slightly higher net worth (up 0.6%) but my spending was the highest it’s been this year: $5989.10. Yet, that spending was mostly mindful. I wasn’t frittering away money on silly things.

If I wasn’t buying dumb stuff, then where did my money go? A few worthwhile places:

  • I spent $653.31 on the yard and garden. Specifically, Kim and I tore out a big cedar tree in the corner of the yard, then converted that space to a small orchard. I use the word “orchard” loosely here. We planted three fruit trees, four blueberries, four grape vines, and a bunch of strawberries. I hope to write about this more in the near future.
  • I spent $625.72 on health and fitness. In the middle of the month, I had quite a scare. Out of nowhere, I had chest pains, so I visited the local hospital ER. My co-pays and prescriptions are reflected in March’s spending — and there’s more to come. (We’re about to have a l-o-n-g article on the $6800 hospital bill I received in the mail yesterday. That’ll happen in April or May.) Meanwhile, Kim had knee surgery at the end of the month. I paid for some of her stuff out of my pocket.
  • I spent $579.36 on gifts in March, which is very very unusual.
  • I paid the $450 annual fee on my Chase Sapphire Reserve credit card. (Yes, I know this seems like a lot. But remember the card comes with a $300 travel credit, which means my effective annual fee is $150. I believe I receive $150 in value from the card’s other benefits.)

I don’t consider any of that spending frivolous although I recognize that some of it isn’t necessary. (Do we need an orchard? Do I need to give gifts?)

5 Things That Could Be Holding You Back From Your Financial Goals

5 Things That Could Be Holding You Back From Your Financial Goals is a post originally published on: Everything Finance – Everything Finance – Its all about Money!

We all have financial goals that are very important to us. Whether you want to have a huge house in a big city or live out your dreams of owning a homestead, we all have financial goals that we would love to one day reach. However, reaching these goals is often easier said than done. There can be a lot of things holding us back. Most notably for many people, it’s the debt that they carry. However, there are a variety of other things that could be holding you back from your goals, and this article will go over a

5 Things That Could Be Holding You Back From Your Financial Goals is a post originally published on: Everything Finance – Everything Finance – Its all about Money!

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