Buy vs Lease: The Debate Continues
- Created on 16 March 2015
At least at my house. Why is this still a topic of conversation?
Because two rational, intelligent beings with the same ultimate goal can view a topic from different perspectives. Uuugh!!!
So this conversation has been ongoing - mainly in joking form - for some time. My husband continues to point out lease commercials on TV, in print, or online. I assume he likes to push my buttons. I'm trying not to react...not always successful.
I have a deep, visceral aversion to leasing cars. I've written about it a number of times:
Do That One Thing
- Created on 13 March 2015
Can you relate?
You’ve been on a roll, making good – no scratch that – GREAT progress toward goals and then it happens. Something interrupts your flow. It could be a financial emergency. Maybe a relationship situation emerges and sucks your energy and attention longer than seems appropriate.
In my case, a planned surgery turned into an extended recovery fog. I’m glad the surgery is behind me. I’ve just gotten out of my routine and getting back on track has taken longer than anticipated. How does one reclaim the lost momentum?
Well, I’m trying this approach - do one thing.
Love Yourself Not Your Lacefront - Brass Knuckle Finance
- Created on 05 March 2015
Is low self esteem expensive?
Jarim Person-Lynn is challenging us to look in the mirror and question our motives and behaviors as it relates to personal finances. Low self esteem can be expensive. Does that self esteem problem have a significant impact in 76% of Americans living paycheck to paycheck? Quite possibly.
Single Mom Dumps $130,000 in Debt
- Created on 02 March 2015
Dumping debt can be a challenge for all family structures. The single parent household is a growing trend with 25% of American households being headed by single moms and 6% by single dads. (Source)
Single parents may find it particularly challenging to balance the duties of work and home while fixing finances alone.
It can be done.
For advice specific to single parents, I turned to a person who has walked the walk and come out on the debt free side of life. Aja Williams paid off $130,000 of debt while raising a magnificent son and she offered the following 5 points to help single parents who desire to live debt free.
Credit Score Importance While Pursuing a Debt Free Lifestyle
- Created on 23 February 2015
The FICO (or credit) score is a measure of how you manage credit - or debt. A FICO score is a three digit number created via a top-secret formula by the Fair Issac Company.
The FICO score is calculated based on the amount of debt you have, your payment history, and the length of time accounts have been open among other things. A score closer to the maximum of 850 connotes good things about your risk worthiness in the eyes of the financial industry.
As someone who encourages a break from the reliance on debt, theoretically I should also rail against an appreciation of all things FICO. Most famously, Uncle Dave (Ramsey) calls the FICO score an "I love debt score". He's known to tout his zero credit score and freely shares a disdain for all things FICO.
I get it. I do.
Divas Around Town + Travel Tips
- Created on 21 February 2015
This month, we've been participating in the No-Buy Month challenge in conjunction with the Savvy Brown blog. Taking a financial fast from spending while focusing on essentials only provides for a time of financial self-reflection.
While I'm not a huge shopper (I only grocery shop regularly because the food runs out), this is still a great challenge as I justify my non-food spending.
I love to spend money on experiences and activities. So this month, I've been writing a lot about enjoying life while pursuing a debt free lifestyle. Finding recreational activities that fit nicely into a reduced budget will improve your chances of sticking with a debt dumping plan.
We've been busy spreading the debt free living message. Over the past few weeks, we've had the privilege of sharing our thoughts with a few new audiences.
You may have missed an announcement or two. It's been such an honor to contribute to the public discourse via a number of generous hosts.
To keep everyone in the loop, below is a list of fabulous blogs we've been able to fellowship with over personal finances:
The Cost of Romance with LaTisha D Styles @ Young Adult Finances
- Created on 19 February 2015
Love is still in the air. As such, revisiting a popular series seemed appropriate. The Cost of Romance looked at how relationships and personal finances intertwined. This can be a touchy subject, but one we should master for healthy relationships.
Since the dating game has changed slightly since I've been involved, we invited a few personal finance experts with more recent experience to share their perspectives.
Our guests did not disappoint.