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A custom debt-reduction budget that fits your own family’s size, needs, etc., is crucial to debt reduction success.

How a Family of Six Keeps Healthcare Costs Low

 

***Disclaimer: We are not medical doctors and are simply sharing our opinions here and what has worked well for us.  Consult your doctor before changing your health care plan or the way you manage your health.

Four years ago, in our quest to cut expenses,  we changed to a higher deductible health insurance option with lower premiums.  We realized this was a bit risky with 4 kids, so in order to ward off some of this risk, we’ve put some practices in place to help minimize our need for medical care.  We’ve found that by optimizing our health, we rarely go to the doctor now, and have saved several hundred dollars, at least, in our healthcare spending each year.  And it’s working. In fact, in 2016 we only spent $139.55 out of pocket for medical expenses not including our monthly premium, even on our high deductible plan. We’re no longer those people that the doctor’s office knows so well. We show up every year or two for our annual physicals, and that’s about it. Here’s some of what we’re doing to keep healthcare costs low. : Read more

Building on a Budget: Living Your Log Cabin Life at the Lowest Cost Possible

Scarlett Sinclair runs a small construction company. She also enjoys sharing her experiences by posting on various DIY and homeowner websites.

If you’ve ever wanted to build your own home far away from the hustle and bustle of the city, but weren’t sure if you could afford it, a log cabin may just be your answer. Log cabins are durable, can provide all of the modern conveniences that you’ve grown accustomed to and, if done right, can be very affordable. Read more

Three Actionable Steps to Stop Worrying About Money

Only 3 out of 10 Americans think that they are financially secure not to be worried about money. Hence, 7 out of 10 Americans have reasons to be worried about money at a time when wages are not growing to meet the rising cost of living. If you are reading this piece, chances are that you have slight fears about your financial security – in fact, it is quite possible that you are battling with sleepless nights because of money worries. Read more

Selecting The Right Investment Manager For You

There are four factors to consider when you are selecting an investment manager, namely: Philosophy, process, people and performance. Investors often focus on performance to differentiate between prospective investment managers. An investment manager’s past performance, while an important factor to consider during your selection process, does not always guarantee success in the future. Read more

30 Great Gift Ideas for Dad

One of our most popular posts, I’m republishing this with updates. Something for every dad on your list here!

With Father’s Day just around the corner, we thought we’d share some great gift ideas for those who want to pick up a little (or big) something for dad or hubby on Father’s day. Surely there’s something for everyone on this list. From the fun to the simple to the extraordinary, pick a gift and spoil your dad or husband a bit this Father’s Day.

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Frugal Tips: Hike More, Spend Less

One of the ways we save money on healthcare is by making sure we implement cheap or free workouts into our week. Hiking is one of our favorites. We’re lucky that our state is loaded with awesome parks that boast miles of hiking trails. This guest post by Mike from ShoeMatters will show you how to hike frugally and have fun at the same time.  Read more

The Importance of Finding the Leak in Your Financial Ship

 

One day soon after we began our “getting out of debt” journey I decided, for motivational sake, to go back and track how much we spent on eating out in 2012. It was in December of 2012 that we had our financial wake-up call and realized we had to do something about our money situation.  We’d cut down quite a bit on eating out over the last couple of years before that, so I was curious to see what we’d actually spent on restaurants, given we’d tried to make 2012 a little more budget friendly in that area.  Read more

Financial Literacy Roundup: Week #4

Alas, it’s the final post in this marathon of information that hopefully increased your knowledge base during Financial Literacy Month. Learning about money management is a lot of work, but it’s one source of education that will most surely pay off if you’re willing to put into place the pearls of wisdom you learn. And here, my friends, are more pearls for your collection. Read more

Ways To Increase Passive Income

This guest post of courtesy of my blogging friend Michael, who blogs over at Stretch a Dime. Enjoy!

Some years back, I bought a young lime plant, and planted it in my backyard. I spent a good amount of time taking care of it when the plant was young. In a few years it grew to become a decent sized lime tree and started producing lime.

My daughter and I would go and harvest the lime. We would make fresh limeade and my family would enjoy it. Every summer, we would harvest literally hundreds of lime. We would give away some of the produce to our friends. Read more