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Tag: money saving

11 Valuable Items For a Luxurious Life

11 Valuable Items For a Luxurious Life

Frugality is always a strong topic in the Financial Independence /Retire early (FIRE) world, and it seems to me that we sometimes forget to spend a little money on the luxuries of life. Spending a little more on products you use every day is NOT a waste of money. In fact it’s the smart thing to do, and it should be considered inexpensive. We should be measuring the cost of something in cost per use, and additional happiness it brings…

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On Canceling Hulu + Netflix + Cable and Keeping Internet

On Canceling Hulu + Netflix + Cable and Keeping Internet

Well, I hope that everyone would understand canceling their cable. You’re paying to watch ads! Why?! Cable The reason I had cable was because my roommate had it when I moved in. It was an extra $10 for me per month, so I just let it go. I figured we’d watch cable occasionally, right? Well, we watched it 3 times in the 2.5 years I was there. It’s not my place to tell her she shouldn’t have it, but I had…

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Costco – our favorite bulk money saver for food!

Costco – our favorite bulk money saver for food!

On Christmas Eve, we went to Costco, in an effort to start our year off right in terms of savings. Happy holidays for savings! I’d say Costco is great for non-perishables that you don’t need to put in the fridge. Even some perishables, like cakes and pies are very cheap and some meat, like the rotisserie chicken and marinated chicken wings are a really good deal. For perishables such as the cakes or 5 pound chicken wings, I usually separate…

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i401k or SEP IRA: An extra $54,000 in tax advantaged retirement accounts a year

i401k or SEP IRA: An extra $54,000 in tax advantaged retirement accounts a year

If you’re self-employed or have a side hustle, you have the best retirement accounts available to you. Have you ever wondered if an i401k or SEP IRA was better? A normal 401k has a contribution limit of $18,000, with an additional $6,000 in catch-up contributions if you’re 50 and older for the year of 2017. For an IRA, your maximum contribution is $5,500, with an additional $1,000 catch-up contribution if you’re 50 and older. For the long-term, I’d recommend a…

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Spend less than 2 hours and $40 making your entire week’s meals

Spend less than 2 hours and $40 making your entire week’s meals

I bet if you made your own meals at home in one go, you’d not only save on dollars, you’d save a ridiculous amount of time too. I take 2 hours to meal prep for the week, so that comes out to 17 minutes a day I “spend” on making food. Back when I used to eat out all the time, I probably spent 20 minutes going down to my cafeteria and getting some breakfast. For lunch, I’d either go…

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The Power of Savings

The Power of Savings

One of my favorite books is “The Power of Habit”, by Charles Duhigg. Do you want to make your life easier by practicing good habits, and therefore have extra expendable energy for new pursuits? Practice the power of savings. The Power of Savings When you get up in the morning, bleary-eyed and stumbling towards the bathroom, somehow managing to wash your face, brush your teeth, and shower for the day, how much of that is actual effort? I’d argue almost…

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Citibike Savings Review: Save $1,000, burn 15 pounds, and 112 hours in transport time every year

Citibike Savings Review: Save $1,000, burn 15 pounds, and 112 hours in transport time every year

When I first moved to NYC, I remember being told over and over that it had one of the best subways in the world. It is pretty convenient, but over the years there have a been a bunch of times where the train broke down, or the next train didn’t come for the longest time. Well, a CitiBike is available all the time, and saves considerable time and money. I mostly walked as everything I usually went to was within…

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How a 22 year old can easily save an extra 500k+ with one change.

How a 22 year old can easily save an extra 500k+ with one change.

Have you ever done the math on how much drinking cheaper coffee will save you over the long term? It’s mind boggling. If you are 22, and you drink coffee 7 days a week, it will cost you 583K if you plan to retire at 65.  I like spreadsheets. They provide crystal clear answers. So, I made one on how much coffee costs me. A couple of years ago, I began thinking of financial transactions in my life through monthly cost,…

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