One Step At A Time.

The long road to financial independence.

Month: April 2015

YNAB: Getting out of credit card debt and living on last month's income

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Did you get started with a YNAB budget?

If you are in the lucky situation, that you were able to implement all of YNAB rules immediately, then this article is not for you.

If you are like many of us, you will have problems to live on last month's paycheck. And you will have some credit card debt.

Time to do something about it!

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Book Review: The Wealthy Barber

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Most financial books are intimidating for beginners.

I just discovered  a wonder weapon, that I will recommend to novices.

The Wealthy Barber a story of 3 young people getting financial advice from a barber.

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Basics: The rule of 72

photo by Images_of_Money (flickr) shared under a Creative Commons (BY) license

The rule of 72 is a rule that can answer you the question: How many years will my money need to double for a given interest rate?

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Happiness comes first

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Sometimes, when I think about my bright financial future, something bad happens.

I want to be financial independent so badly, that I do not respect the present.

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YNAB Basics: How to get started budgeting

Do you live from paycheck to paycheck?

Is your debt getting bigger and bigger?

You constantly worry about money?

That sounds like me a years ago. Until I started to budget.

Today I save more than half of what I earn. I am quite confident that I can retire in less than 15 years.

Whatever your financial goal is: A budget can help you reach it! No self-deprivation involved. Just you telling your money what to do.

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The magic of small steps

I discovered the secret how you can achieve your goals.

A secret that can change your life. Forever.

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Basics: Saving for a rainy day

How often do you get surprised by live and are not prepared?

How often do you use your credit card to pay for these little emergencies?

In this blog post, I will show you how to be prepared financially next time.

How next time the car breaks down it will be no financial catastrophe at all.

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Multiple use

Today many products have only one use. Waffle irons, rice cookers, fondue sets, popcorn makers, toasters..

While many of these appliances are quite good at what they do - I do not use them on a regular basis. They are wasteful.

I life in a small flat and I do not want to waste money - so I love to have only a few items with multiple use.

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Getting rid of ads

I do not read advertisements. I would spend all of my time wanting things.

Franz Kafka

Often I feel bad after watching an ad, reading an article about the next health gadget, after watching Apple keynotes or browsing on Amazon.

I feels like I have a hole in the stomach. I have to fight internal fights. Shall I buy the thing I didn't even know about a few minutes ago?

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