saving tips

How to Save $50,000 Per Year in Your Tax Advantaged Accounts

12.15.2014
How to save $50,000 per year in your 401k Roth IRA 529

One of our goals this year is to save and invest at least $50,000 in our various tax advantaged accounts. 2014 is just about over and I’m happy to report that we hit this one out of the park. We saved $56,800 in our tax advantaged accounts this year! Here are the details. Mrs. RB40 401k: $17,500. My solo 401k: $21,500. The i401k account enables me to save the extra $4,000. This is the employer contribution portion. RB40 Jr’s 529: $6,800 Two Roth IRA: $11,000 Saving over $50,000 is a huge accomplishment and the tax saving makes it even sweeter. […]

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

10.22.2014
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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Can We Eat Organic On a Frugal Budget?

01.17.2014
Can We Eat Organic On a Frugal Budget

We are a bit late to the organic party, but I guess late is better than never. This year we plan to eat more organic food and it will be challenging on a frugal budget. We usually shop at Winco. They are a privately held, majority employee owned discount grocery chain on the west coast. According to a study by Consumers’ Checkbook, Winco’s prices are about 20% lower than Safeway and other big chains. We have been shopping at Winco for years and it’s a great place for groceries, but they have very few organic selections. On the other hand, […]

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How to Save More Money Next Year

12.30.2013
How to Save More Money Next Year

It’s going to be a New Year in a couple of days and I hope you’re enjoying the last of 2013. Now is the time to make a few New Year’s resolutions and write them down. Two of the most common resolutions are to get fitter and to save more money. These two are on my list, too, and today is your lucky day because I will share a surefire way to save more money next year. You’re on your own for the fitness resolution. I will be struggling with that one, too. A couple of weeks ago, I came […]

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