If you have or are a young adult who recently left for college, your last advice to her may have included a caution to take good care of her credit rating. You’ve stressed how important it is to develop financial responsibility and maintain a good credit rating. You may have helped her apply for her [...]
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As far as being frugal goes, nothing stings quite like a major loss. Whether home foreclosure, vehicle repossession, stock market losses, business flop or bankruptcy, financial trauma in the form of a monumental investment loss or debt surrender can obliterate your frugal efforts going back decades or more. While the final hour is certainly not [...]
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Every year, thousands (maybe even millions) of people make new year’s resolutions to get out of debt. Like weight loss or other goals, though, these promises are pretty easily broken. The good news is, with a little help, you don’t have to spend another year in debt! Make 2012 the year you finally get out [...]
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A bad credit score can have a range of unwanted effects on your finances, leading to higher mortgage rates, interest rates on car loans and credit cards and can damage your credit for years to come. At least one third of adults polled admitted to lying to their spouse or partner about money. Knowing the [...]
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Debt. It’s out there. Nearly everyone has it, and nearly no one wants it. Heck, the government is trillions in debt. There is good debt, though. Mortgages and car payments can be examples, especially if you remain on top of them. These things can help build equity. However, most debt is considered bad; a burden, [...]
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My definition of a simple life is to eliminate stress and anxiety and life’s clutter to focus on what matters most to you. For me it’s my family and loved ones. I’m going to share with you the process I’ve been going through, really the journey I’ve been on for the past 5 years. I [...]
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News about the world of finance has probably never been as prominent, or as relevant, as it is today. The impact of the recession and the rising cost of goods and services mean more people are facing money worries. An individual with large debt problems needs sound advice to help decide which option they take [...]
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It’s the beginning of a new year and for me that means…goal setting! Last year I set four goals and I’m pretty pleased that we killed it on three of them: We set aside 8 months living expenses in our Emergency Fund ( we were originally going for 9-12 months but finally agreed that 8 [...]
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Last year we decided to get serious about our finances by building an emergency fund and tackling our debt. Ever since, I’ve been totally obsessed with getting out of debt. We set goals, revised those goals to be more aggressive and then revised them again to be even more aggressive. I set a budget based [...]
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I’ve written a lot about our debt here and every month in my Net Worth and Goals updates. Paying off our debt is our top priority after establishing our Emergency Fund. The thought of being debt free makes me giddy and I’m pretty confident that if we follow our plan we will pay it off [...]
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Hi, I’m Cathy! I’m a former career-driven professional turned stay-at-home mom. Living on one salary has its challenges, but it is possible to live the good life while spending less. Cool to be Frugal is all about how we’re thriving, not just surviving, on a single income.
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