Tag Archive: Financial Independence

Use a Savings Stack to Hack Your Current Spending

Today I will discuss how to use a Savings Stack.  As I have discussed in Save More of Make More I typically only focus on saving money on Cars and Housing and leave the rest for others.  However, I have stumbled upon ways to hack your existing spending in other categories that are too good not to share. The method that I employ is to couple credit card savings with other savings programs to multiply the savings. This can be done with most retailers, but my favorite is to utilize this with my normal grocery chain. Since I cook most of my meals at home (another way to save big money), I buy groceries every week. This means there is always an opportunity to employ this strategy….
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Financial Independence Debate: Save More or Make More

Today I would like to discuss my personal opinion/strategy on whether focusing on saving money and optimizing lifestyle costs or making more money through active and/or passive income is the better route to achieving Financial Independence. To anyone who is active in the FI community the natural answer is that both sides of the ledger are important. It is impossible to achieve a high savings rate which is the nucleus of any early retirement strategy if you only focus on saving or earning with disregard for the other. While I concede that this widely held belief is true, I do believe that from an effort (time, energy, etc.) standpoint there are optimal and sub optimal approaches. The remainder of this post will discuss my tactics…
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Saving on Kid’s College Costs by Retiring Early

As a parent of 2 small children I consider helping to cover their college expenses as one of the largest barriers to being able to retire early and achieve financial independence. I started my career saddled with roughly $70,000 of student loan debt so I fully understand the stress that being in that position creates. I also appreciate that being responsible for your own education and the costs associated with the choices you make on what school to attend, can be a good springboard into being a responsible and accountable adult. Based on both of these points, I’ve decided to strive for a compromise which is to help minimize the college cost liability for my children and then make them accountable for managing these reduced…
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