Daycare is Expensive

I am a proud parent of a 2 year-old boy. My life completely changed whenever my wife and I had our son, and now I can’t imagine coming home from work and not see him running to give me a hug and hollering for daddy. It’s truly a highlight of my day.

As much as I love being a parent, I acknowledge how crossing that milestone in your life can put a whole new bind on your finances.

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Savings vs. ROI

One of my favorite feelings in the world is an epiphany. I’m talking about an “aha!” moment, or a “paradigm shift” if you’re into Stephen Covey.

For me, these moments usually involve some small change in perspective, or a slightly different way of explaining something, which drastically changes the way I view the subject.

It’s like discovering some great secret, except the secret has been right in front of you all along. In that sense it’s like buried treasure: you were probably all over it, you just needed to dig down and find it.

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The Simplest Frugality Hack

The other day, I wrote about my daily budgeting strategy, which is what finally got me serious about budgeting and being mindful of my spending.
The process is straightforward, but I wouldn’t call it simple. It forces you to categorize your regular expenses and identify which of them are more variable or voluntary in nature. What’s more, if done properly, the process never ends. For instance, each new month means a new evaluation of my baseline expenses, a new assessment of financial goals, and often a new daily spending target. To get the most out of it, you need a certain level of discipline and enthusiasm for your goals.
The concept I want to talk about today isn’t like that at all.

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