Category: Our Finances

February 2017 Frugal Momster Expense Report: A Forced Day Without the Car

February was filled with a lot of excitement. It included some fun for Valentine’s day, in which we don’t really celebrate much. Since I was on the elimination diet, it became even more of a non-celebration for Chris and I and a fun little treat for Monkey and Crab.

Monkey loves working with tools, so I couldn’t pass up this set of tool chocolates! It’s taken Monkey over four weeks to make his way through the tools. It was fun when he’d say, “Could I have my plier chocolate tonight for dessert?” It was worth the few extra dollars for that cuteness! The Crab received chocolate pudding he devoured. Continue reading…

Taking a Balanced Approach to Mortgage Payoff and Financial Independence

Over the past few weeks, I’ve come across conflicting information: paying off one’s mortgage early or investing the money one would have used to pay it off early.

Each side of the coin sits firmly in their belief, but they always go back to the choice being a personal choice. Personal finance is a personal matter of not only numbers logic, but emotions.

Don’t think personal finance is significantly emotional? Try and tell someone they shouldn’t have their $7 cup of Starbucks every morning because they could save $2,548 annually and invest that with a return of $36,832.45 after ten years… just for skipping a daily coffee habit. I made that mistake, and the response wasn’t pretty. Continue reading…

Being Frugal Gives You Back Time

When it comes to an invitation these days I ask myself two questions before I respond:

Would I be happy to say yes if this were tomorrow?

Often, it’s easier to say “yes” to an event or responsibility that’s far in the future. I fall into the trap often agreeing to something only to dread it the day or hours before having to show up.

Now, instead of agreeing to everything and back tracking, I wait and decide if it were tomorrow, would I be happy to go?

Would this person expect me to come and need my help?

I wouldn’t want to leave someone in a difficult spot, so if it’s something another person would need my help with, I will more than likely offer my time. Continue reading…

January 2017 Frugal Momster Expense Report

Crab is streamlining his cooking skills.

I mentioned last month that I streamlined our finances to organize our income and expense reports better each month. In doing so, I made putting together these expense reports even easier!

By combining categories, and eliminating others, I’ve simplified an already pretty simple budget and expense recording process. I’m somewhat shocked at how much easier this month’s report was to create.

In other financial news, I’ve taken a free course on travel hacking credit cards. As I explore travel hacking, I’ll share our experience.

So far, it is very enlightening, and I’ve realized how many bonuses we’ve left off the table in the past several years since our financial turnaround. Several significant renovations could’ve covered some excellent travel we’ve been missing.

Continue reading…