Regardless of your age, planning for retirement should be critical component of your personal finances. However, many individuals choose to neglect saving for the future in order to serve more immediate needs. Failing to allocate enough resources toward retirement can result in having to work long past the normal retirement age. Here are 5 ways [...]
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Recently my husband and I had a conversation with a friend about whether or not he should buy a sports car. Since he already had a vehicle that was in great shape, our advice was to keep his car and put what he would spend on a sports car into savings. While this made perfect [...]
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The thought of retiring abroad has always been a romantic idea for me. The prospect of warm tropical weather and the adventure of living in a new county is very appealing. But what is the reality of retiring abroad? What will it cost to live comfortably? How do you know where to find the best [...]
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When you’re young and just starting your career, retirement seems so very far off that it’s hard to make it a priority over other goals such as paying off student loans, buying a new car or just having some fun on the weekends. But your twenties is exactly when you should be thinking about retirement. [...]
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In this month’s edition of Money Magazine they interviewed 100 dedicated savers to learn their stories and find out the tactics they employ to save 35-60% of their income. All of these couples and individuals are well on their way to a very comfortable early retirement. 1. They set goals, and they make them specific. [...]
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It’s never too soon to start saving for retirement. When you’re young time is on your side. If used wisely it’s your greatest asset. However it can be the biggest detriment as retirement seems so far off. It’s easy to put off saving until next year, and then next year, and so on. Next thing [...]
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As we prepare for the arrival of our son I’m thinking about his college education and how we’re going to pay for it. I know, that’s 18 years out. But with the soaring cost of education, if we don’t prepare and start saving now, we may not be in a great position to help much [...]
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I’ve been so preoccupied with our short-term goals of building an Emergency Fund and paying off debt this past year that I’ve given little thought to our retirement. But as a member of the Yakezie Challenge I’ve been reading some very cool blogs by people that are creatively pursuing early retirement and some are even [...]
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Today our Emergency Fund sits in a regular savings account earning a less than impressive 0.20% interest rate. This is a temporary solution as I look at the best way to give us easy access to our funds if we need them. The original plan was to place our Emergency Fund into the highest yielding [...]
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Most likely you are familiar with David Bach, author of The Automatic Millionaire. I’d personally never read any of David’s books (or any other personal finance books for that matter) but I was familiar with him from The Today Show’s Money 911 Series where he is a regular contributor. That’s how I got my hands [...]
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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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