My First (and Maybe Last) “No-Spend” Month: Victories and Lessons Learned

My friend Stephanie M. recently challenged herself to a no-spend month. I’ve thought about doing a no-spend month, but live so frugally my husband would balk at the thought of cutting back even more. So I am living and learning vicariously through Stephanie. I am excited to share her hilarious and inspiring guest post. Continue reading My First (and Maybe Last) “No-Spend” Month: Victories and Lessons Learned

Are You Guilty of Financial Infidelity?

Money and infidelity are said to be the top two reasons for divorce. If you are hiding purchases from your partner you may be guilty of both: financial infidelity. This may represent a larger problem or a lack of trust in your relationship. Here are some examples of financial infidelity and resources to help you work through it.

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3 Things Recent College Grads Need to Know about Money

Congratulations to everyone graduating this semester! After years of preparing for a career while likely living off student loans or receiving assistance from your parents, now it’s time to start adulting. Here are 3 things recent college grads need to know about money.
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Fewer than 1% Received Loan Forgiveness!

If you are relying on Public Service Loan Forgiveness (PSLF) for your federal student loans, know this. Data suggest that only 0.003% of applicants have had their loans forgiven! Here’s why many applications were denied. I also discuss my decision for paying off my loans without using a repayment program, thereby saving thousands of dollars in interest (and buying my freedom)!

Continue reading Fewer than 1% Received Loan Forgiveness!

Suicide and Debt

This blog post is part of the 3rd Annual Suicide Prevention Awareness Month blog tour. If you are having thoughts about killing yourself, please call the National Suicide Prevention Lifeline at 1-800-273-8255 or text HOME to 741741.

Today (September 10) is World Suicide Prevention Day. As a clinical psychologist, I take suicide seriously. I was saddened to hear that “I want to kill myself because of debt” was a top search on another personal finance blog.

While many bloggers will be bringing awareness to suicide and debt, as a clinician I hope my contribution will be to discuss suicide prevention.

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How to Make More Money

After you’ve cut back all the expenses you can (or are willing to), you may still need to make more money. Whether you’re looking to reduce debt, or just add things to your life that move you closer to your values (e.g., travel, wedding, fun activities), there comes a time when it may be helpful to switch mindsets from “what else can I cut?” to “how can I make more money?”

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Expenses from Post-Doc to Current Day

In the last post, I shared my family’s actual expenses for Q1 and Q2 of this year. For the current post, I compared some of my basic expenses from my first year of post-doc to my current expenses 8 years later. Within that time, our family grew from 3 people to 5, and we moved from a two-bed/one-bath apartment to a four-bed/two-bath house.

So how did I do at avoiding lifestyle inflation? Here are my numbers as a percent of take-home pay.

Continue reading Expenses from Post-Doc to Current Day

The Debt Shrink’s Story

Internship was a Tough Year

I just moved to a new state for internship. My husband left his job to move with me. When we arrived I found out that I was pregnant (panic!). After 5 years of graduate school, would I be able to graduate? How would I pay the medical bills? We had no family nearby – who would help with the baby? Continue reading The Debt Shrink’s Story