You Need a Budget – YNAB (part 1)

You need a budget, yes you do! Read my new article on how I use YNAB to budget without feeling restrained. You can find the article here.

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September 2018 financial overview

We’re well into October 2018 already, so here’s my financial and personal overview of September! Finances Financially speaking, September was not a really good month. My savings rate was quite low, since I replaced my laptop. As an almost religious YNAB follower I saved up for the replacement, but still it’s quite a bit of money out of pocket. My year to date savings rate is still 41.2%, so slightly above my 40% target. The outlook for next month’s savings rate is also not really good, as HR messed up my pay check for September by not withholding enough taxes….

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How My Colleague Lost 400,000 With This Financial Decision

Good morning! Not all good decisions are the best decisions. Paying down loans is generally considered a good thing, and I agree. However, my colleague chose to pay off his house early, and that will cost him 400,000 in the next 30 years. Ouch! This case study will investigate whether he could have better invested this extra money instead of throwing it at his mortgage. It will look at the financial pros and cons and then conclude not only with the financial results, but also qualitative arguments like peace of mind. Read the full article here on Fire The Boss….

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Why I Wake Up Early, and 5 Reasons You Should Too

Some people like to sleep in all day, others like to wake up early and get things done. I’m in the latter category. Waking up early give you tons of opportunities. You can study, workout, meditate, work on your side hustle, you name it. Do you wake up super early? Read the full article here.

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Debt Strategy: Debt Snowball vs Debt Avalanche

When you decided that you want to get out of debt, you have to decide on a debt strategy. Two options are the debt snowball and the debt avalanche. In this post, I dive deep into both strategies, exposing the pros and cons. I do so with the help of Jeff, a guy in a lot of debt. Read the full post here. Best, B

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