Popular Posts

Paying For Three Kids To Go To College Is Going To Be Expensive

My wife and I have two children (and a third on the way) – and we think that it’s important to save for their college educations. Our oldest daughter is eight, our son is four, and our daughter will be born in the next two months. We have been saving for our daughter’s education since 2006 and our son’s since 2007. Once the baby is born, we’ll begin saving for her college education, as well. I’ve created a chart of our current plan – Year Child 1 ESA 1 Child 2 ESA 2 Child 3 ESA 3 2006 7 2000.00 2007 8 4160.00 3 2000.00 2008 9 6492.80 4 4160.00 Birth 2000.00 2009 10 9012.22 5 6492.80 1 4160.00 2010…

Continue Reading
Popular Posts

Living On A Budget: Don’t Knock It Until You Try It

My fellow members of the Money Blog Network are writing articles about budgets and budgeting. As most of my readers know, I’m a little ‘old school’. I don’t use credit cards. I don’t borrow money. I use cash. And, I live on a budget. Each month, I sit down at my computer and ‘map-out’ the month. I list my monthly income and then I list expected monthly expenses. At the end of the month, I take a ‘look back’ – looking for areas where I over- or under-estimated. I use a budget for three reasons – 1. I struggle with organization, and using a budget helps me to stay organized. 2. My wife and I work on the budget together,…

Continue Reading
Popular Posts

Debt Cures For Living Debt-Free

Here are a the strategies that I’ve adopted so that I can remain debt-free for the rest of my life – I live on a budget. I use cash, debit cards, or checks. I do not use credit cards. Period. If I cannot pay for it, I don’t buy it. If I want it, I save for it. I make a house payment to ‘myself’ each month. I look for opportunities to create ‘side income’. I look for opportunities to reduce taxes. I talk with my spouse about our hopes, plans, and dreams. I write down my goals and I work very hard to achieve them. Here are the accounts that I’m funding so that I can remain debt-free for…

Continue Reading