Posts tagged as:

Dealing with Debt

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Is college worth it?

by Karen on May 19, 2011

Lately, there have been tons of headlines touting the idea that rising unemployment, high tuition costs, and overcrowding in the post-college job market have made college degrees a poor value. Proponents of this theory believe that other career tracks — such as internships and entry-level positions that don’t require a degree — may be a […]

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Why I’m a money multitasker

by Karen on April 19, 2010

Last week’s post about holding off on paying down debt sparked a little controversy in the comments. I wanted to clarify some of my views, because there seems to be some confusion about my financial philosophy. First of all, I am not debt free. I have never claimed to be. Like most 25-year-olds, my husband […]

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Why we chose to let debt-free living wait

by Karen on April 12, 2010

Update: I just wanted to clarify something. We are currently repaying our student loan debt slowly but surely. Our loans are not in forbearance. We just aren’t focusing our efforts solely on debt repayment. We’re splitting our extra income between debt repayment and savings. In January 2009, we paid off our credit card debt. Compared […]

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One of the main concepts of frugality is that life isn’t a competition when it comes to finances. I try to avoid comparing myself to other people, because we inevitably fall short in terms of material possessions. Just for fun, though, I took a look at some national averages to see where we fall on […]

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Once we became credit card debt free, we had an extra $200 a month available. We decided to put some of that money toward retirement savings every month, so we only have $100 left to work into the budget. Yesterday, Tony and I looked at our budget, and talked about where we’d like to put […]

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Resolutions for another frugal year

by Karen on January 1, 2009

I’m so excited about the year ahead! For the first time, I feel like I’m looking ahead with a clear set of goals and the resolve to actually achieve them. In the interest of keeping myself honest, here’s what I hope to accomplish in the coming year: Finish building our 6-month emergency fund. We’re a […]

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Starting the new year credit card free!

by Karen on December 20, 2008

photo by b.franchina This morning I sent my final payment to American Express. We’re officially credit card debt free!! In the past year, we’ve paid off almost $5,000 in credit card debt. I’m pretty proud considering how low our income was for a big part of the year. :) Unfortunately, we still have quite a […]

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What was the poorest time in your life?

by Karen on November 20, 2008

Photo¬† by larimdame This month, the Extended Group Writing Project at PFBloggers asks a very interesting question: What was the poorest time in your life? It made me think. A lot. So I decided to chime in. I want to begin by clarifying that I’ve never fallen into the category of genuine poverty. To me, […]

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Being frugal means being flexible

by Karen on November 5, 2008

Over the weekend, I posted my goals for November. In summary, I planned to pay off the entire remaining balance on my credit card and finish half of our Christmas shopping without reducing the amount budgeted for savings. Well, this week I received a letter from my student loan company that threw off my plans. […]

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