The Best Money Blog

As a follow up to one of my first articles, 6 Major Money Leaks In Your Life, I have collected another group of items that drain cash from your bank account on a monthly basis.

If you can avoid charges from multiple items on each list, you will save yourself a decent amount of extra money you would have otherwise wasted.

This is the first in an ongoing series that will chronicle the different money saving ideas my wife and I try.

Hopefully it will provide some insight and inspiration to those of you having trouble coming up with ideas of your own.

You’ve read hundreds of blogs telling you 1,286 different ways you can save money. Some of them might seem crazy, and they often are, but others are tried and true methods that have been successfully practiced since before money was first printed. Why aren’t you using any of them?

We’re going to dive deeper into the reasons for inaction on your quest for financial freedom.

You know exactly what you have to do to get there but you aren’t doing them, so what is holding you back?

Acting rich is a good thing. Acting how you think rich people act is a bad thing. One of the most common misconceptions about rich folks is that they spend their money frivolously because they are so wealthy that they don’t have to worry about it. While it is true that some wealthy people, professional athletes in particular, live an over-extravagant lifestyle, the majority of rich people got to where they are by living below their means and persistently investing money. Once you learn to act rich, you will hear the phrase, “You spend money like a millionaire”, and take it as a compliment.

One of the most eye opening money experiences I have ever had came when I asked myself, “Why doesn’t my paycheck get any bigger from week to week?”

I would get paid every Friday and for some reason, I would expect the amount on the check to be different. Not because I felt entitled to more money, but because I was finally realizing that if I continued living the way that I was, I wouldn’t be able to reach my financial goals.

It was at that moment that I realized I had to do something drastically different to reach my goal of financial freedom.

Almost everyone has monthly fees of some sort, and if you don’t, then we should be the ones reading your blog.

From a mortgage and car insurance to gym memberships and pet health plans, monthly expenses are one of the major factors keeping us from saving money.

There are only two ways to get rid of your monthly fees, and only one of those ways will make a substantial impact on your ability to save.

By continually and thoroughly evaluating your monthly fees, you will be able to decrease your expenses, allowing you the freedom to utilize your money more effectively.