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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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Thoughts from a first time investor

by Karen on February 3, 2009

At the beginning of the month, we started contributing to Roth IRAs. We were both so excited to be getting our retirement savings started. Now about a month later our accounts are already down $1.60. No, that’s not a lot, but when you only have $100 they don’t have far to fall. My point isn’t […]

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Do you know where your money is going?

by Karen on January 29, 2009

One thing I’ve learned from the mortgage and lending crisis — you can’t be too familiar with the terms and conditions of your loans, investments, and credit cards. Now that we’re facing a credit crisis, it’s more important than ever that you’re familiar with the policies of your lenders and investment firms as some institutions […]

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We’re saving for retirement!

by Karen on January 10, 2009

Last week, I questioned when we should start saving for retirement. I got a lot of great advice from readers (thanks!). After talking it through and doing our own research, we’ve made the decision that the sooner we start, the better — even if we can’t afford to make huge contributions at first. Neither of […]

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Obviously, the answer is as soon as possible. But it’s hard to know when it’s time to really buckle down when you’re young and in debt. Tony and I are 24 and 25, and I had hoped to start saving for retirement this year. But the more I look at our finances and goals, the […]

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This is a guest post from one of my most frequent commenters, Bobbi. She doesn’t have her own blog, but I hope she’ll considering starting one now! There’s no better time than the new year! I’m also going through a similar dilemma with my year-end bonus, so I can definitely relate. Please weigh in and […]

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Tempted by the end-of-year bonus

by Karen on December 22, 2008

I wasn’t expecting to receive a bonus from my employer this year. We’re in a recession, after all. So imagine my surprise when I received a bonus of about a week and a half’s pay. That’s quite a lot of money considering how little we spend. I find that extra money is a lot easier […]

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