All posts tagged: saving

Living at Home in Your 20s

I have a confession to make: I’m nearly 24 years old and I live with my parents. I live in the same flat and the same room as I’ve lived in since I was five years old. Twenty years ago that would’ve been embarrassing. As far as I can tell (obviously I was a toddler at the time) most people moved out by their early 20s. People would live with friends or with their partners. By the time they were ready to marry and have kids they had already been independent for several years. If they did live at home a lot of the time they also lived with a partner/spouse and they were simply saving up money before they could get their own place.  The idea of someone, let alone thousands of people, living with their parents into their 20s and even 30s would have been weird. People would’ve wondered what was wrong with them. But now it is relatively normal. I can’t speak for the rest of the world (although recent analysis shows …

10 Innovative Personal Finance Tips

Originally posted on Generation Y Retirement Account:
We see articles often about the most innovative companies, the most innovative technology, the most innovative fitness routines…why not the most innovative money tips? One thing I really dig about personal finance is consistency. There are many teachings & rules that were true in the past that are still applicable today. You really can’t doubt him when Warren Buffet states: “Do not save what is left after spending, but spend what is left after saving.” Buffet is now 85 years old and is worth $61.8 billion dollars. Whoa.  I had to take a minute to let that sink in again… When you start to read & learn more about personal finance, you start to recognize patterns. Lot’s of them. This is great though! Repetition really allows you to learn about a subject that may seem like completely unfamiliar terrain. Unfortunately, if we are not exposed to personal finance teachings in our youth we have to play an immense amount of catch-up in our adulthood. Since personal finance is…

How I afford to travel

Originally posted on Sitting Pretty In The Queen City:
I get asked a lot how I afford to travel so I wanted to share with you how I’m able to go on all these trips! Sorry to disappoint but I don’t have a sugar daddy financing these excursions and my parents are not paying my way : ) The biggest thing  I do is go on a financial diet when I’m home. I don’t have a large disposable income but I joined mint.com years ago for free and it keeps track of my spending and I can see where my weaknesses are in my budget (for instance eating out for me was adding up to be a lot so I joke about how I eat ramen noodles to afford travel.) I’ve been learning to cook more and it’s definitely saved some money. I also realized I’d be happy sacrificing a few things to set aside travel money. I only get my hair done maybe 2 or 3 times a year now and pay to get…

Great Article: Let’s Talk About Millennial Poverty

Originally posted on Reverse Retrograde:
I’m not in as dire straits as some, including the author of this excellent article. It bears mentioning that I’m not immune to the phenomena she describes, though. Yesterday I had a long discussion about graduate school and teaching with a coworker, who is leaving this week. We talked about her belief, as mine once was, that she should be able to get into a programme at a top-tier school and get the necessary support from a research assistantship or teaching assistantship. She wants to do a stand-alone MA. It’s not very likely that those positions would be available, and with the rise of adjunct ‘professorships’ it’s possible that they wouldn’t be available even if she did want to go the full PhD nine yards. She wants to go into International Education and study abroad administration, the other other career I had in my early 20s. I told her that there’s no way that she should be paying for an MA if she is working in that situation, since many…