Can You Really Reduce Your Discretionary Spending Just By Installing an App?

Can You Really Reduce Your Discretionary Spending Just By Installing an App?

If you’re reading Retire By 40 and other personal finance sites, then you’re probably looking for ways to improve your financial situation. The answer is really simple. Spend less Increase your income Invest for the long term However, the execution is another story. All these 3 things are hard to do and that’s why we scour personal finance blogs for inspiration. Well, today is your lucky day. I just read a UCLA study that shows how easy it is to reduce your discretionary spending by 15%. Actually, they looked at people who had installed the Personal Capital mobile app, and […]

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5 things I don’t skimp on

5 things I don’t skimp on

I’m back in Portland, our beloved city. I am beat! We made a little better time coming back from San Jose than going down. We left at 4:30 am and got here just a little after 6 pm. RB40 Junior did very well on the ride back. He slept a lot and only got crazy during the last 100 miles… He wanted to stop and play with the cows, but I really wanted to push on home. You can’t play with cows anyway, right? He was just very whiney in the last leg of the journey. As soon as he […]

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8 Tips to Help You Live Within Your Means

8 Tips to Help You Live Within Your Means

The first step to financial independence is to live within your means. To me, that automatically means living frugally, but that’s just how I think. My family struggled financially when I was growing up so I default to saving first. When I first started working, I lived modestly and saved what I could. I lived within my means, but I think I probably could have done better knowing what I know now. What would I tell my 21 year old self? Let’s see… Track your income and expenses When I was in my 20s, I never tracked my income and […]

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Why We Buy So Much Useless Stuff

why we buy a lot of useless stuff

Recently, my friend Jerri visited from Seattle and brought a friend along. We had coffee, went for a stroll around Portland, and her friend purchased a Portland mug from Starbucks. She jokingly said, well, I gotta have a mug to show I was in Portland. I overheard this and I thought to myself, oh man, another piece of junk to clutter up the house. So we got into a discussion of why people buy these kitschy stuffs. They thought that it’s because we worked hard so we deserve to treat ourselves. I thought people just have too much disposable income. […]

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