Controlling Your Budget (Part 2 – Housing)

In my last post, I wrote about the four overarching categories that have an impact on how much money you are able to save and pay down debt. The categories are housing costs, transportation costs, food costs and discretionary spending. This post will focus on the one category that typically consumes the largest portion of most people’s income—housing … Read more

The Impact of Disenfranchised Communities

Currently, I am reading Elizabeth Willard Thames’s book “Meet the Frugalwoods – Achieving Financial Independence Through Simple Living.” In her book, Mrs. Thames tells the story of her family’s path to financial independence. There are sections of the book where she discusses living in economically disenfranchised communities and how that experience helped her to realize how privileged she … Read more

“Be Fearful When Others Are Greedy”

“Be fearful when others are greedy, and greedy when others are fearful.” Warren Buffet All of the leading economic indicators says that the American economy is strong and looking to continue to grow for the foreseeable future. Unemployment is down, consumer confidence and consumer spending are up and many forecasters are expecting it to continue to rise throughout … Read more

Preparing My Mind To Be Free

“We need to become less dependent on our incomes,” is a statement I heard from Paula Pant while listening to the Stacking Benjamins podcast. Her statement really got me thinking about how I have spent most of my adult life enslaved to various employers. Not trying to use the word “slave” lightly. But when I consider how I … Read more

Planning For The New Year With Last Year’s Income

The end of the year is a very financially stressful time in the Broke Architect household. It is not from any pressure to lavish our friends and family with incredible gifts. What stresses us out are the various financial decisions that need to be made during this time of the year, due to the major impact these decisions … Read more

Tis The Season To Saving

The holiday season is the most financially dangerous time of the year. There are all the parties that must be attended, the gifts that must be given, and the restaurant meals that must be eaten due to the countless hours of shopping. Because of the beauty of it all, we don’t realize the damage done to our finances … Read more