The Student Loan Crisis

Student debt is a major, major problem today. There are 44.7 million Americans that have student loan debt. The average amount that people have in student loans is $32,731 with an average monthly payment of $393.

My Disinterest with Paying Interest

The word ‚Äúdisinterest” is actually too mild to describe my feelings toward paying interest. Quite frankly, I really hate paying interest. On anything! Mortgages, auto loans, credit cards, anything! Paying interest, in my opinion, is a complete waste of net worth.

Net Worth

One of my favorite things to do with my budget is calculate my husband’s and my quarterly net worth. It’s fun to map out the progress that we make toward our financial goals. I started tracking our net worth about a year ago and it has helped guide us in our financial goals and decision making. Tracking our net worth has shown us areas in which we can improve our net worth to work toward financial independence and, ultimately, retirement.

Breaking Down Funds

I recently received a request to breakdown my budget funds and what kind of things are covered by each fund. I am going to go in the order that they appear in my budget, so bear with me because I do a budget overhaul at least every year and at this point there is no particular order for the funds.

Starting from Scratch

One of the hosts on one of the podcasts that I listened to once upon a time said that, before starting a budget, people should track their expenses for a month or two to see what they are spending. I understand why it might be appealing to track expenses and spending habits first, but in my opinion, it is more productive to create a budget based on financial goals and adjust spending habits accordingly. One of the purposes of having a budget is to assist in achieving financial goals by restricting unnecessary or frivolous spending.