Mike launched NinjaBudgeter to help Millennial parents get on a budget, save more money and increase their income. He enjoys slow cars and a good deodorant. Turning small talk into medium talk since 1984.
I can hear the anti-debt crusaders charging in my direction already.
How dare you!
Everybody knows that spending money on anything other than the bare essentials of utter foolishness until you’re completely out of debt right? Extreme frugality is the only way to financial independence right?
If you’re a parent, you know that kids are usually one of two things: bored and hungry. The hungry thing can get expensive! Food costs can get out of control when you’re feeding multiple people.
I’ve tried all kinds of things over the years from extreme couponing (ugh, no thanks…) to driving around and shopping sales. These things made a dent in our food cost but we needed something more structured to reign in our food spending.
The answer for us turned out to be meal prepping. Finding a bunch of easy and cheap meal prep recipes was what we needed to turn our grocery spending right around.
So you’ve decided that it’s time to upgrade your ride. Like most people, you’ve probably spent hours online researching makes, models and colors for your new vehicle. You’ve probably researched which models hold their value and have a good idea of what you want to buy.
Here’s the thing, if you don’t invest some effort into your old ride as well, you could be leaving hundreds or thousands of dollars on the table. Sure you can offload any car for cheap, but that’s not what you want, is it? You want to get top dollar for your old ride!
Choosing to buy a used car rather than a new one is a wise financial decision for most people, but there are several things to consider. A used car has a history, it may have been mistreated, or even crashed. It could have been broken into or stolen.
Don’t stress about it though, there is a lot you can do to make sure that a used car purchase is a good deal.
I also asked my Twitter followers what they look for when buying a used car and have included some of their answers below.
The dreaded words that no parent wants to hear. Children have a way of declaring that they’re bored that can drives us parents (who know that they have a room full of toys) crazy. I think they can smell exhaustion, and when they detect that us parents are at our wits end, that’s when they pounce with the boredom talk.
Funny how emptying the dishwasher is never enough of an activity to quench their boredom… The reality is, they want you to entertain them. They usually want their parents to rush in and save the day with some amazing, fun activity.
Consider writing down these ideas on a poster board or chalkboard in your home. To encourage your kids to be decisive and learn how to make fun for themselves, you can ask them to choose an activity from the board when they don’t know what to do.
Want to know what to do when you’re behind on bills? I’ve been there! Keep reading for some helpful ideas for how to get back on track.
The year was 2009, and I was drowning. Not literally, I was drowning in debt. I was newly married with student loans, credit card debt and my personal favorite, a $25,000 loan for a pickup truck I didn’t need.
I was barely keeping my head above water when I got laid off from my job. Not permanently, but for the winter as there was no work. Deep in debt with no work, it wasn’t long before I realized that I couldn’t make my car payment the next month. I was going to start falling behind on bills and didn’t know what to do. I was in major trouble.
It can happen to anybody. A blown transmission, a broken refrigerator, leaking water heater or any number of other emergencies can cause you to need a quick grand. No matter what the reason, you need to figure out how you can make $1000 fast!
Fast money isn’t necessarily going to set you down the road to long-term prosperity, but it can get you out of a bad situation and develop your money-making skills for the future.
One man’s trash is another man’s treasure as they say. Personally, I’m happy that they do, because there’s a lot of money to be made selling used stuff for a profit on Craigslist, Ebay and other marketplaces.
Over the years I have sold tens of thousands of dollars worth of stuff. For the most part, I’ve used Craigslist and other local classified sites, though I’ve ventured onto other platforms as well.
We millennials don’t have the most pristine reputation when it come to managing money. The reality is that for many of us, the reputation is well-earned. There are more millennial money traps out there than ever before. We live in a time when access to pretty much anything we could ever want is a just a credit application away.