Hope for your financial life and beyond

How Do You Respond to the I Need A Vacation Voice?

I need a vacation.

i need a vacationHow many times have you said that?

When work has become a drag…

When school has you worn down…

When family life has become monotonous…

When you’re just plain bored.

In all those situations I’ve found myself daydreaming and saying internally, I need a vacation. Get me on the next flight outta here!”

The question is – how will you respond to that little voice inside that cries I need a vacation so often?

Reactions to the I Need a Vacation Voice

Depending on your personality you may react in one of these ways:

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Technology Is Revealing One Big Flaw That Crushes Our Finances

The world is changing rapidly. It’s moving so fast sometimes it feels like your head is spinning faster than the earth on its axis. You wake up one day and say, “Whoa…what happened? How did we get here?”

technologyThe tough part is when we get the sense we are falling behind the times. It’s as though we are hamsters in a wheel – continually running but never catching up.

This rapid change and our pursuit to keep up is nowhere more evident than with technology. And while it has helped create a great standard of living for us I’m afraid it’s revealing one big flaw we’ve yet to conquer.

A Technological Revolution

I think technology is awesome! It has literally shaped the world, perhaps no more so than in the past 150 years. Just think about the inventions since 1850 that have altered life:

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Secret Advice For Teenagers Who Love to Spend Money

You know who you are…teenager who loves to spend money like it’s going out of style. You spend money faster than it takes a snapchat to disappear. Money comes into your hand one minute and it flows out like water the next.

spend moneyAnd you like it that way!

If that’s you, I have some special advice today. It’s unusual, maybe even secret advice you may never have heard in your life. In fact, I’m actually running a huge risk by even sharing this with you. Your parents may hate me for saying this because it might go against how they have instructed you to handle money. (That alone should excite you to listen up, right?)

But before I reveal this big secret about spending your money, you have to promise me something.

The promise I’m asking you to make is to read this entire post. You are going to love what I have to say about spending money but you can’t take it as stand alone advice without understanding the bigger picture. As they say, the devil is in the details so I’m asking for five minutes of your time to help you avoid failure on this issue.

Ready for the big, secret advice? OK, here goes…

Go ahead and spend money because you’ll never know a time with fewer financial obligations than you have right now.

Now remember that promise to read the rest of the post? Good…because I’ve got some serious cleaning up to do with the mess I just created.

Six Possible Reasons You Love to Spend Money

Have you ever thought about why you love to spend money? Don’t fret if it’s never crossed your mind. Most adults haven’t considered it either.

Based on your age right now (ages 13-19) one of these issues is likely driving you to spend money all the time:

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The Best Option for the Extra Budget Money at the End of the Month

Perhaps you’ve had this experience with your monthly budget money:

At the beginning of the month you allocated “X” amount for a particular budget category. Due to clipping coupons, noticing that sale item or exercising some intense discipline, you didn’t end up spending as much for that category as you had planned.

budget moneyPut another way you budgeted $600 for groceries but only spent $525. You thought that dress would be $100 but you lucked into a half-off sale. There was no car maintenance for the month so the $75 you earmarked for that wasn’t used.

What do you do with that extra money? Where does (or should) it go?

It may seem like a silly question but there are actually some issues here that need to be addressed. I can think of three different options for your extra budget money at the end of the month with one of them being the clear winner in my book.

Options for the Unspent Budget Money

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A Beginner’s Guide to Home Remodeling Costs

The first house my wife and I owned was brand spanking new – right out of the box. We walked in to fresh paint, clean carpets, new appliances and a cute little covered porch right off the back door. Everything was so perfect…so new. We had no home remodeling costs to speak of.

home remodeling costsA few years and two kids later we decided it was time for some more space, so we moved into our second (and still current) home.

While nice, this home was, well…not so new.

The carpet was bad, EVERYTHING in the kitchen was dated, the deck was falling apart and who could forget that rust-toned, orange paint in the hall bathroom.

Of course we were thankful for finding a home to fit our growing family needs. But we knew changes to the home were in order…starting with the hideous orange bathroom.

Once the bathroom paint was satisfactory to our eyes, we set out creating a home projects to-do list. Needless to say it became quite long. In fact, 12 years later several of the projects on that list (like finishing the basement) have not been completed.

But in that time we have incurred some major home remodeling costs for our various projects including:

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Is Investing in Collectibles Like Valuable Baseball Cards Worth It?

Like so many young boys my love affair with baseball cards began in Little League. Each week our coach would give us 50 cents or $1 to spend at the concession stand after the game. On weeks where we won and received a $1, I’d get a pack of cards and a cream soda, secretly hoping some of those might turn into a valuable baseball cards.

valuable baseball cardsIn those early days I didn’t have a lot of money so the collection grew slowly. I amassed only several hundred cards and kept them rubber-banded together in a shoebox. I shuffled through them a lot so the surfaces became dull and the edges worn.

Then in 1986, I scrounged up enough money to buy my very first complete set of Topps baseball cards. I also bought plastic card pages in which to insert each card and a three ring binder to hold all the pages. So began a decade of collecting the full sets and the update sets each year. By the time I ended college, I had amassed over 15,000 baseball cards.

Then guess what happened…

Marriage…grad school…buying a home…kids…career…more kids. Through all that the baseball cards I had enjoyed collecting spent years boxed up in the back of the closet rarely seeing the light of day.

My love affair with collecting baseball cards resurfaced about 10 years later in my early 30s. This time around though I wasn’t attracted to purchasing individual packs or complete sets. I wanted to focus specifically on valuable baseball cards – which can only be found by collecting those that are professionally graded.

This was a change in strategy and required me to understand what I was getting into and why I was doing it.

How Do You Define Investing in Collectibles?

The above question is tricky to answer in part because it depends on your definition of “collecting” and “investing.”

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My Carvana Review: The Online Vending Machine For Buying Used Cars

In my adult life I’ve been involved in eight total car transactions. In all those transactions – both buying and selling privately and at a dealership – I’ve never had an experience like the one I’m about to share in this Carvana review. This 2-year old company based in Atlanta may be revolutionizing how used cars are bought and sold.

carvana reviewYou may have heard about Carvana from their “lazy man” Super Bowl ad spot. I first ran across their name while shopping for a used Suburban. I did what a lot of consumers do when they see an unfamiliar name the first time – I ignored it and looked away.

But their name surfaced again in an advertisement when my wife and I were doing a private sale of my Toyota Tundra. We had run into some headwinds (i.e. no one was interested) in our initial attempts using Craigslist and were looking for other options to move our truck. So she decided to check out Carvana and see if selling them our truck might be an option.

Here’s what we learned about the company…and eventually experienced first hand.

Some Background on Carvana

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How to Enjoy a Life of Guilt Free Spending

guilt freeI would love to enjoy a guilt free life when it comes to spending money. Ever heard the same voice rattling around in your head that I’ve heard in mine. It usually says something like, “Why did you spend that money? That was stupid! You know you shouldn’t have done that.”

When that thought occurs it’s typical to spend the rest of the day kicking yourself and feeling like you’ve done something wrong. That same night might be spent seeking forgiveness from your spouse, while the rest of the month you struggle to figure out how to make the budget cover for your spending decision.

Guilt is powerful. But have you ever stopped to consider why?

6 Possible Origins of Our Guilt

Why do we get so wrapped up with guilt when it comes to spending money?

I think the root of guilt can be traced to several factors, some of which may have started long ago in our childhood.

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99 Simple Action Items to Help You Spend Less and Save More

Have you set any goals yet for 2015? Hopefully so and at least one of those goals was money related. Money is a driving force in our lives and financial goals help us tell our money what to go do with itself.

spend less and save moreDuring the last week of December I always look at the cumulative total of all that I spent during the year. This is really easy to find if you are using some form of money management software. I use Quicken so all I have to do is select a budget report of income verses expenses for the year and Quicken does the rest. In an instant of calculation I can see all my financial details from the year.

Inevitably, as I look through all the spending categories I end up remarking, “Whoa…how did we spend that much on (fill in the blank)?” I’m sure you’ve done that too. It seems our spending has a tendency to get away from us during the course of a 365-day year.

And if spending is getting away from us then so is saving. If we are spending more that means we are saving less. In years past I’ve been discouraged at how little we saved.

To Build Wealth, Spend Less

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Finding Balance in the Holiday Gifting Madness

Are you having trouble dealing with the pressure and the obligation to buy presents during the holidays? Please welcome Jacob from Cash Cow Couple as he shares his thoughts and offers some solutions to the matter.

dog with scarf laying on a pillow,

Do you feel pressure to even give a gift to your dog this Christmas?

When I had been dating my wife just a few months, I told her that I sometimes refuse to participate in select American holidays. I expressed my opinion that people shouldn’t feel obligated to spend, buy, or gift things. Ever.

She probably thought I was a little odd at the time (it’s OK, I am), but I explained my reasoning and things worked out for us. It’s not that I refuse to participate in many holidays because we can’t afford it. Or because I think holidays are bad. Or because I don’t enjoy a good celebration with family and friends.

I hate it because much of the practice has become forced. There is a ton of great marketing and artificially-generated pressure to “buy something” or to “do something.”

The result is that many individuals regularly attend family gatherings, birthday parties, Christmas celebrations, Easter celebrations, Halloween celebrations, and a million other celebrations, and feel obligated to give gifts or spend money. That’s the wrong reason entirely.

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Why My Kids Love That We Are Not Buying Christmas Presents This Year

I love Christmas! Giving and receiving gifts is one of the highlights of our family’s year. In my mind nothing beats it for family togetherness and sharing expressions of love.

no Christmas presents As a parent though, I’m often hit with a January hangover. My headache comes from watching the majority of the presents I bought for my children lie dormant in a corner of their room. I would say that over 80% of the toys my wife and I purchase the kids each Christmas are played with a couple of times and then left to collect dust. That’s frustrating considering the money we shell out for them.

So last year we asked them to make a list of the items they wanted. They did. We bought them. Same issue occurred.

I’m not mad at the kids. I guess we just have trouble hitting their toy sweet spot.

So just the other week my wife and I decided to do something different this year. We aren’t buying any Christmas presents. To our surprise, when we told the kids what we were doing, they were 100% enthusiastically behind it.

Our Alternative to Christmas Presents

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