Large Amounts Matter Too

This article is the sixth of a fourteen-part series that explores the core tenets of Get Rich Slowly.

Last winter, Kris and I re-financed our mortgage. In one fell swoop, we trimmed our monthly payments for principal and interest from $1386.60 to $1137.69, boosting our cash flow by $248.91 per month.

If we had consumer debt, that's $248.91 per month we have could used for our debt snowball. It's $248.91 per month we could stick in our retirement accounts, or to put into savings accounts for our trip to France next year — or to pursue other hobbies and interests. Really, it's $248.91 we could use for anything we wanted. (As it happens, we chose to use that money to accelerate our mortgage payments.) Continue reading...

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The pitfalls of buying in bulk

This is a guest post from Sierra Black, a long-time GRS reader and the author of ChildWild, a blog where she writes about frugality, sustainable living, and getting her kids to eat kale. Previously at Get Rich Slowly, Black told us about sweating the big stuff.

Buying in bulk is great, right? You get the things you want and need, and pay less for them. As an added bonus, you don't have to shop as often (at least, this is a bonus for me, since I hate shopping).

Because I hate shopping and love discounts, I buy most everything in bulk: toilet paper, frozen foods, light bulbs, even toys. But bulk buying has its risks too, and after years of practicing it, I'm learning to see them.

Continue reading...
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Sweating the Big Stuff

This is a guest post from Sierra Black, a long-time GRS reader. She writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com.

When my husband and I first got married, we bought a house in the suburbs and promptly had a baby. Buying that house meant buying a piece of the American Dream — but we both figured out pretty quickly that it wasn't our dream.

I will never forget coming home from the hospital with that precious little girl and looking around my huge suburban home with a sense of confused dread. "What happened to my apartment?" I said. "What happened to my life?" Continue reading...

More about...Frugality, Home & Garden