QuestForAMillion.net

Now that we’ve paid off one of the cars, we get to tweak our budget categories as follows:

Committed Expenses: 72% (down from 75%)
Fun: 4.16% (down from 5%)
Irregular Expenses: 5.55% (up from 5%)
Savings & Debt: 11.09% (up from 7.8%)
Retirement: 7.2% (no change)

Basically we’re taking a little bit from the old car payment and putting it toward […]

So after some comments and some more research, we’ve changed our minds. We decided to pay off Car #1 first. Not only does this take care of the highest interest rate, but it also frees up over $300/month in payments that we can divert to Savings & Debt.
It’s definitely going to feel good […]

In “How We Do It” I touch on my interpretation of the “60% Solution” budget. I wanted to take a little time to go more deeply into how and why we use it.
We tried many forms of budgeting over the years including strict budgets ($50/week for food and not a penny more, etc), less-strict budgets […]

The Carnival of Personal Finance is out at Free Money Finance and my post “What to do with an extra $2000″ is included.
The Carnival of Money Stories is out and includes my post on “How much should fun cost?”.
Check them out and read all the other great articles!

We’ve managed to accumulate a big enough pile of money to pay something off. Now, what should get whacked first? I’ve been operating on the principal that the car loan with the highest interest rate will go first. We also have a credit card with a balance at 0% that we can’t […]

I made it onto the latest Carnival of Personal Finance. Lots of good articles on there, check it out!

I’m getting an unexpected $2000 bonus from work. Unexpected in that it was supposed to be $500 but the company changed some guidelines August 1st and now I’m getting $2000. My first thought was goof off with the money. I’ve been saving (slowly) for a Wii and now I can just go […]

We went to WaterWorld today. I’m glad I didn’t pay for the tickets! It took about 45 minutes to drive across town to get there. By the time we got parked and picked up the free tickets and got inside it was about 10:30. Then we had to go in and […]

This is something that has gone through many iterations for me.  I’ve opened and closed and transferred more accounts than I care to remember.  But I’m big on simplicity and I think I’ve got this as simplified as I can get and yet still maximize my gains and meet my obligations.
E*Trade is our primary banking […]

Here we go, the beginning of our journey.  Please follow along as we navigate our way to financial independence.  The following bloggers have been instrumental in helping me decide to do this and for helping me with my own personal finance struggles:
Get Rich Slowly
I Will Teach You To Be Rich
Lazy Man and Money
My Money Blog
My […]