How does a family of 5 make it on one middle-class income? For starters, we learn from others on ways we can save. Here, we pull back the curtain on our own expenses with hopes that it may help someone else. See how my family’s June 2019 expenses compare to yours.
We hear stories and see picture of athletes spending lavishly. They drive luxury vehicles, making it rain at the clubs, and wear bling heavier than our heads. Then when they become injured or cut and can no longer play, we roll our eyes and have little sympathy when we hear they filed for bankruptcy. What we don’t realize is that many of us average folks do the same thing, just on a smaller scale. We spend everything we earn, acting as if we will go on living this way forever. We are your everyday ballers.
We all want to have money. The problem is that we can never save enough. We always want more. Saving money for the sake of saving money then, is not something worth valuing. I’ve started to change my thinking. Rather than value saving money, I now focus on setting financial goals that are consistent with the things that are most important to me.
Housing is our largest expense. While we tend to talk about saving money on smaller expenses, like coffee or cable, we don’t want to be penny wise and pound foolish. Here’s how I saved over $100,000 on my home. These tips can help those buying a home, as well as current homeowners who still want to save money.
There were no car problems, appliance failures, or other major costs this month. So why did my May 2019 expenses still come in over budget?
More people are choosing experiences over things. This shift from “consumers” of stuff to livers of life is a welcome one. Experiences are arguably better for our wellbeing and for our planet. But often those experiences center around going out to eat. Replacing shopping with eating as entertainment comes with its own costs, both financial and to our health.
It seems that everyone thinks s/he is middle class. How do I know whether I am considered middle class? What is middle class anyway? How much do I need to earn to break into upper-middle or wealthy? And will earning more money make me happier?
Find work-life balance, define your life purpose, and take a peek into how the rest of the world lives. Here are three of the best TED talks from around the world that inspire living a better life.
My family does not buy me presents for Mother’s Day, birthdays, or any days. I don’t care about cell phones, bags, or jewlery. I don’t want cut, dying flowers or a card from a store. There are many things I want and love, but they can’t be found in stores. So what are my most valued possessions?
My husband and I were talking about taking a road trip. He commented to me “What are you going to eat? You’ll be sick of peanut butter and jelly sandwiches before we leave the state.” Because we rarely go out to eat, he’s excited about stopping at fast food restaurants along our journey. Now that I’m eating a vegetarian diet, my options are limited. But there are some good vegetarian fast food meals.