Right now, we’re fortunate to be financially comfortable. We have a consistent saving routine. Every month, automated transfers send money towards important financial buckets- like maintenance on our house and travel. We’re aggressively paying off the loan on our minivan. We methodically saved for and then bought a house. And we were able to follow the rules and reduce Marisa’s student loan payments to $0/month while taking advantage of the PSLF program. Our emergency fund can handle most unexpected financial hits. And we’re investing enough to reach FI at a reasonable timeline for a family of five.
There’s plenty of room for optimizing our finances. But we have that basic level of financial competence that’s considered savvy. And my goal is to make sure every reader of the blog is also financially savvy. Being financially savvy reduces stress- both personal stress and marital stress. It makes it easier to sleep soundly at night. Beyond reducing stress, financial savvy increases the odds that you’ll be able to pursue your dreams. It provides a lot of hope for the future. While I’m not counting down the days yet, my confidence in becoming financially independent while I’m still in my prime gives me a lot of hope.
A Rough Series Outline
I have a sample of topics that you can expect to learn about in the Get Savvy Series.
-Primer on all the saving options you have for your cash/emergency fund and when to use them
-How to become a saver (you can become a reformed spender!)
-How to pay off debt with math and psychology- and how to handle cash flow during the process
-The incredible power of the first $100 invested along with the diminishing returns as you invest more
-When you should DIY financial stuff and when to call in an expert
-What to do with a 401k/403b/TSP retirement account and when you should use your own IRA instead
-Playing the student loan repayment game by the rules that they (the government) lays out
This series could be beyond this list and if there’s anything you’re interested in hearing about, drop a comment!
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What You Can Get Out of This Series
The posts in this series will give you the tools to make progress in your financial life by mastering the basics of personal finance. You can be confident in your choices for bank accounts, investing accounts, debt repayment, and saving. You’ll learn all the financial skills that you wish your high school taught you with resources and ideas for how to go beyond the basics. If this interests you, stay tuned for more. And make sure you subscribe to my email list to stay updated on when these posts get released.
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