This post may contains affiliate links. Please read my Disclaimer Page. Have you ever heard the phrase "Hope for the best, prepare for the worst?" When it comes to your finances, preparing for the worst can mean the difference between maintaining financially stability or sinking heavily into years and years of debt. So, how does one financially prepare for the worst? Two words. Emergency. Fund. We all know to "save for a rainy day," however, the majority of us either get wrapped up consuming useless crap we think we need, or we fall trap to that all familiar feeling of being invincible and thinking "nothing bad will happen to me." Emergency funds are not only important in providing the ability to get ourselves out of a jam, but also psychologically give us that peace of mind knowing that not IF but WHEN things get rough we can calmly weather the storm. Why Do I Need an Emergency Fund? A few years back, I suddenly and tragically lost my younger brother. He died … [Read more...] about Emergency Funds: Weathering the Storm
This post contains affiliate links. Please read my Disclaimer Page. Until recently, I didn't even know Financial Independence was something that can be achieved far earlier than your golden years. Heck, I didn't even know what Financial Independence really was. I always knew saving and investing for retirement was important, but always assumed those days would be when I was older - much, much older. It all started when I began researching to find better ways to invest some extra cash now that our student loans had been paid off. Clearing up our debt suddenly left an extra $1850 per month on the table and while I had some good ideas on where to put this money, I really wanted to make sure we were maximizing its potential for our future. After googling a bit, I landed on the Mr. Money Mustache blog and started learning about this small but growing online community known as FIRE which stands for Financially Independent - Retiring Early. A few articles in and I was … [Read more...] about So You Want To Be Financially Independent?
Welcome to Finding Your Financial Balance, a personal finance blog about finding that financial sweet spot between your needs and wants and still doing the one most important thing in life - LIVING. … [Read more...] about My Road to Financial Freedom