The 20% Budget Rule: Part 3
Here we go: part 3 in the trilogy of the 20% budget rule. Catch Part 1 and Part 2 here if you haven’t done so already. By the way, I have no idea how I stretched this idea out to 3 posts. I guess it’s because I had a lot to say about it. If…
Read MoreVet Success Stories: Paying Off 80K In Six Years!
Welcome to another “Vet Success Stories” profile. This veterinarian is a small animal general practitioner in Virginia. She is married with two children, ages 4.5 and 2. Read how she paid off $80k of student loan debt in 6 years! 1. Please introduce yourself! Give us a little of your background and how you got started…
Read MoreThe 20% Budget Rule: Part 2
Did you calculate your savings rate from Part 1? How close are you to a 20% savings rate? Part 2 will include a basic comparison between two veterinarians so that you can see what the numbers will look like. To keep this focused on just savings, we’re looking at after-tax income, and we’re not accounting…
Read MoreVet Success Stories: Over $500k paid off in 6 years!
This small animal veterinarian, who wishes to remain anonymous, works in emergency medicine. She is married and a mother of a 2 year old, with another one on the way. Read how she is on her way to paying off over $500k (between student loans, consumer debt, and real estate) in 6 years! 1. Please…
Read MoreThe 20% Budget Rule: Part 1
So I have written about making your own, detailed spending plan (aka budget). I have also written about my own experience of budgeting without actually budgeting. What if you’re starting from scratch and want something really simple? Something that doesn’t require a lot of number crunching, but also doesn’t require that you are a natural…
Read MoreVet Success Stories: Intro
Here is my first installment in my “Vet Success Stories” Series. I figured that it would be a good idea to start with my own story. It was kind of weird to interview myself. It’s definitely not the most compelling story out there, but it will give you a quick overview of my journey to…
Read MoreCDs And CD Laddering: A Primer
I have already discussed the importance of having an emergency fund. These funds serve as a great source of comfort for when (not if) life throws you curveballs that happen to cost more money than you can typically handle on a month to month basis. What if you’re ready to pad your savings, apart from…
Read MoreWhat Is Your (Net) Worth?
(Updated 2022) Part of the fun of personal finance (yes, it can be fun!) for me is to see progress. Progress in the right direction, that is. If you have a financial goal in mind, it is incredibly empowering to track your numbers and watch as you get closer and closer to your goal. I…
Read MoreA Trip To Costco And Spending Choices
I am a big fan of Costco. In case you don’t know about Costco, let me give you a quick overview. It is an international warehouse chain that requires an annual paid membership ($60 for a basic membership) in order to shop at their stores. It is now considered the world’s second largest retailer, the…
Read MoreLet’s Talk Emergency Funds
What was the last purchase you made that had you dipping into your emergency fund? What was that, you say? You don’t have one? First off, let me tell you that you’re not alone. Savings rates in the US are terrible. Even those who have the money to save do not necessarily save or have…
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