There are three things that will take up the majority of your paycheck: housing, transportation, and food. Transportation and food costs can easily be lowered, but housing costs cannot. Where you live dictates how much your housing costs are and there’s not much you can do to change this. With that being said, most of us still seem hell bent on living near the hustle and bustle of the big city. The big question is, can you actually afford to do this? Unless you’ve got a healthy income, the answer is probably a hard no. I’m sorry. You can argue with me all you want, but at the end of the day I’m pretty sure your landlord won’t take an I.O.U. and a handful of tear-soaked dollar bills. Continue reading “Can You Afford To Live In The City? (Hint: Probably Not)”
Coffee: A Waste of Money
I’m just going to go ahead and say it: millennials spend entirely too much money on coffee. In the interest of transparency, I will admit that I’m guilty of this myself: around the corner a latte at the local third wave coffee shop goes for $5, and I’ve been known to indulge from time to time. However, I do this knowing full well that it’s ridiculous, wasteful, and a luxury I like to enjoy from time to time. If you stop for a coffee every day before work, you’re wasting huge amounts of money. If you don’t correct this behavior sooner rather than later it will just end up as another bullet loaded into your proverbial revolver, ready and waiting for your rapidly approaching financial suicide . Continue reading “Coffee: A Waste of Money”
The Easiest Way to Save Money: Pay Yourself First
Have you ever reached into your pants pocket and found $5? Congratulations, you’ve essentially stumbled upon the easiest possible method of saving money, called paying yourself first. Essentially, here’s how it works: Continue reading “The Easiest Way to Save Money: Pay Yourself First”