5 Financial Reasons to Avoid Co-mingling if you Cohabitate
- Created on 17 August 2015
As this experience running a laundromat officially winds down, I was recently engaged in conversation with yet another colorful personality. We've had the laundromat since 2003. This most recent exchange reminded me of some of the more memorable characters we've met over the years.
- Gun-toting Granny. This very seasoned citizen, probably in her 70's with an ever present Band-Aid below her eye, often regaled me with stories of threats of gun play directed mainly at her children. I stayed on her good side.
- The opportunistic cable box thief. I kid you not. Someone used a laundry cart to scale a wall and steal our cable box after I stepped out briefly to run an errand. He brought it back a few days later with a Post-It note attached expressing his apologies and advertising his tuck pointing services. We declined his offer.
- The angry lady. We actually had a few of these customers over the years. However, only one ended in a police negotiation. She had to be calmed down by one of Chicago's finest after threatening WonderMan with all manner of bodily harm because I removed her clothes during a busy period. I wore gloves and we have signs posted, but she didn't care. Everything ended peacefully and she actually apologized and asked if she could come back again. We forgave her.
Let's just say owning a laundromat has been a different kind of experience.
How Misbehaving Almost Ruined our $20 Date Night
- Created on 14 August 2015
I know the back to school sales are in full force and the days are getting shorter, but I'm not giving up on summer - not just yet.
So far this summer, I've:
- Found my way to a free zoo.
- Taken in tourist attractions in the city for nothing more than bus fare.
- Sampled wine and cheese on a savory tour of the arts in Bronzeville. The free trolley and great weather made the night rock! I actually made the highlight real (that's me in the black and white top).
- Walked right into an open air steppers set in Hyde Park in our workout gear.
- Been reminded why Top Gun is not appropriate for little children at a free movie in the park.
Can We Take Frugal Too Far?
- Created on 10 August 2015
I've been hitting the bitty birthday circuit hard this month. We've attended a first birthday bash, a four year old swim soiree, a bounce and jam fest for a five year old, and we have plenty more to go in August alone. In addition, WonderMan and I celebrated 13 years of wedded adventure this month. Let's just say - we get our celebratory mood on in August.
I love getting together with friends and family. It's a great reason to prioritize fellowship. However, the expense associated with celebrating milestones has my personal finance mind in overdrive.
How to Create a $300,000 in the Bank Attitude
- Created on 07 August 2015
Maarten van Lier heard an off-the-cuff comment from a co-worker shortly after arriving in the United States from the Netherlands.
His co-worker expressed a lack of concern with the idea of losing a job because he had $300,000 in the bank. Maarten took that to heart.
Maybe we should too.
In 2000, Maarten and his wife looked at their financial situation and drew a line in the sand. The van Liers decided they wanted to have a million dollars in 10 years. It actually took them 13 years, but who's counting.
7 Tips to Build Your Debt Freedom Chain
- Created on 05 August 2015
In a previous post I mentioned a new challenge - Don't Break the Chain to Get Out Of Debt - I'm trying to add sizzle to my health improvement goals. I took it from a guy who took it from a guy who took it from Jerry Seinfeld. See, we're already building chains.
In a nutshell, if you want to improve in an area use repetition and tracking as a tool to build progress. In my case, I want to drink more water regularly. This month, I'm tracking my 3 glasses a day water consumption using a calendar in Google drive.
I have to say after on 3 days, I'm very conscious of starting my day with a glass, getting another in around lunch, and ending the day on a refreshing note.
Not breaking the chain is golden. However, building the chain may be a bit of a challenge. Let's review the following steps to use the chain approach to be on your way.
How to Break the Cycle of Living Paycheck to Paycheck
- Created on 03 August 2015
Here's a typical scenario for people who aren't proactive with their money.
For those with direct deposit:
On pay day, money is deposited into their account. They now have the green light to spend, save, or give. Many choose to spend as if they've won the monthly income lottery that will tie them over until the next monthly income lottery without taking care of their needs first.
Don't Break the Chain to Get Out Of Debt
- Created on 31 July 2015
Recently, I sat in on an unexpectedly excellent seminar on productivity. We all want to squeeze more action out of the finite amount of time we have each day. Well...I do anyway.
So the gentlemen (whose name escapes me) shared an interesting tip he picked up from a guy who knew a guy who asked Jerry Seinfeld a critical question. Yep, Jerry Seinfeld from the cult classic, 90's favorite TV show.
This guy, who knew a guy asked the comedian how to write better jokes. Seinfeld's response - "Don't break the chain."
Let me explain.