Once, during a friends and family get together (of course, pre COVID times), I started an engaging conversation with a 21 year old who had just graduated and was exploring his opportunities in the world. Very soon the topic moved into stock investing and he started asking questions about investment strategies. My first response was to tell him that I was, no way, in a position to advice him about investing given I knew very little about his goals and growth potential. Nevertheless, he wanted to know how I started doing it. After a few days I met him again and he had more questions and that led to me thinking about writing this blog post.
Here are few of my thoughts and my approach in investing which could help a person starting in the wide world of investing.
Continue reading “My Stock Investing Journey”
Indoor spring cleaning is a piece of cake when you are a minimalist. It took me about one hour to do a thorough spring cleaning of our entire 3500 sq ft home. The biggest reason being lack of accumulated clutter.
Outdoor cleaning was something I dreaded. We have been living in this house for over 5 years now. So as you can imagine the windows and outdoor vinyl on the front porch had started getting dull and a nice coating of mildew.
Continue reading “May Frugal Wins”
In a recent poll conducted by NBC showed that 75% of millennials in the US are in some form of debt. A quarter of millennials — those 18 to 34 years old — are over $30,000 in debt, including 11 percent who are over $100,000 in debt. Only 22 percent of millennials are debt free. This has caused many to hold off some of the key milestones in their life.
There was time in my life, as well, when I had approximately $36k in revolving debt and these did not include my mortgage, car payments and others. Over a period of 4-5 years, I was able to turn around my financial situation to just the house mortgage debt and approximately $125k savings in the bank. How did I do it?
Continue reading “4 Simple Debt Management Tricks and Tips”
April was a month I made a big change to move to working part time hours! With both our children in school age I felt I am needed a lot more at home. We ran the numbers and decided we are in a reasonably good shape financially that I can afford to take a salary cut.
Although we can easily manage our expenses even with our newly reduced income, We are constantly looking to find new ways to save money.
Continue reading “April Frugal wins”
We are strong believers of spending money on making memories instead of spending money on products. So we usually plan couple of fun vacations with our kids every year. This, we think, is money spent well.
However, every now and then we come across some products or services that we can totally do without but they add so much value to your every day life.
Continue reading “I can live without these..but I chose not to- Money well spent!”
Having been using Lending Club as an investing platform, here is my experience….
I had been reading a lot on generating passive income. Few of the blogs mentioned peer-to-peer lending as a way to diversify investment portfolio. Lending Club and Prosper were the two popular vehicles. Not having tried this platform, I decided to start small.
Today I wanted to bring up my experience after two years of investing on Lending Club.
Continue reading “Lending Club Review – My 2 year Investing experience”
With energy costs on the rise, every home owner should be looking into ways to cut energy usage thereby saving costs and reducing carbon footprint. When we had bought our new home in 2014, the house came installed with all the standard fittings such as CFL lights, programmable thermostats, energy star appliances, etc which are considered energy efficient systems.
Here are 4 simple things to save energy consumption.
Continue reading “4 things a home owner should do immediately to save on energy costs”
I, personally, feel landlines are a thing of the past. We’ve had a landline phone connection through our Comcast subscription. Due to constant sales calls, we started ignoring it and in some case led us to missing some important calls like from our kids school. Monthly we were paying $30 for a service that was not providing a value to us.
Since we both had our cellphones with us almost all the time. It was time to eliminate land phone service, but then we ran into issues where we needed to provide a “home” telephone number. So I started to check on other free options or even a low cost option. Continue reading “Save $30 or more per month on your phone costs”
Food always has been a large part of our monthly expense. We enjoy cooking and eating food as a family. Cutting down on our weekly groceries seemed like a very hard task. We shop mostly at a local large chain supermarket which is very close to home. On an average our monthly expense on groceries were around $800-$1000. Which is not too bad for a family of four, who mostly eat at home and also try to stick to quality food products. But I still wanted to see if there is way to reduce the grocery expense without affecting the quality of food we ate. We tend to eat mostly “real food” instead of prepackaged processed food. We also choose mostly organic produce. That’s when I started using the 2 grocery store combination and saw that I was able to significantly reduce our grocery bills and at the same time eat quality home made food. These two are None other than Costco and Aldi
Continue reading “The Dynamic duo of Grocery stores – How we reduced our grocery bills in half”
We have been home owners, living the American Dream, since 2009. Our first starter home was a 1,600 sq.ft town-home with three tiny bedrooms. With our second child born in 2012, we had out grown the house by two fold. However it was not until 2014 that we finally decided to move into a 3,400 sq.ft new construction house. If it was today, we might have gone smaller, probably in 2,400 sq.ft. range but our justification at that time was the possibility of our aging parents coming to live with us. Regardless, we felt it was good time to buy a house as the housing market was beginning to recover from the Lehman crash is 2008.
After couple of months of house hunting, we finally decided on a new construction neighborhood which met most of the items in our list.
Continue reading “Shave off years in mortgage by a small change in monthly payment”