Appreciate More, Spend Less

Appreciate More, Spend Less

It’s hard to truly appreciate things until they’re gone. It could be something as simple as the electricity going out. When the power goes out you start to truly appreciate those little electrons that usually flow around your house unseen.  At the flip of a switch you could create light but now it’s gone. Food is getting warm in the fridge. Your cell phone is running out of power. At that moment, you really appreciate electricity.

Or maybe it’s the internet. Something few of us could live without. Information at your fingertips. Updates from friends and family only a click away. At the press of a button you have thousands of movies and TV shows available for streaming. When the internet goes down you really appreciate its value.

How does this relate to personal finance? Isn’t it obvious? Everything we spend money on has value to us. Some things have more value than others. Unless you’re super rich you need to make decisions when you budget. What stays and what gets cut? The easiest things to cut are those things you value least.

Living Small: The Best Way To Save Money

Living Small: The Best Way To Save Money

When first buying a home it’s hard to comprehend the sheer number of new expenses there are. There are mortgage payments, home insurance, property taxes, maintenance, water, sewer, electricity and gas, just to name a few.

When coming from a rental you may be blissfully unaware of all the new home expenses that you now need to budget for.

These extra expenses are tied directly to the size of your home. A larger home means larger expenses.

Before purchasing a new home consider all the expenses attached to your decision. Buying “just enough home” is a great way to save money. Buying “too much home” can cost thousands per year in extra expenses.

This is one of the main reasons my wife and I live with our two daughters in a small 1,000 sqft bungalow. Although we could afford a much larger home we chose to purchase something much smaller…

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