Got a great/feisty comment the other day on all those
It comes from Cody Wheeler over at
Do these three major things as the foundation of your money, and all of the above matter a lot less (although these are still some interesting tips):
– Make sure your housing is reasonable for your income level, around 20% or so of your “take home” pay.
So many people get caught up in the allure of housing that it wrecks their available cash flow. Only upgrade when your income increases significantly, not when you “run out of space”. Most people don’t need more space. They just need less stuff.
– Same with your car.
Do what you can to avoid ever having a car payment. Save in advance and buy something reasonable, reliable, and safe. Cars shouldn’t define your identity. They should get you from A to B safely and be comfortable. A vehicle sits still 95% of the time. There’s no reason to spend hundreds of dollars a year or something that sits still most of the time.
– Choose a career (yes, you can choose your career) that allows you to get access to a 401k plan or something similar.
Make sure you’re getting paid market value for what you’re worth. Learn how to negotiate your salary and aim to get a salary increase at least every few years. Educate yourself to become even more valuable, and watch your money grow.
Solid stuff, not gonna lie! Do you know right off the bat how you compare?
Here’s how we’re doing over here:
#1. Housing @ 20% — #FAIL Our household take home pay fluctuates around $8,000/mo, which puts us at almost 29% for the roof over our head as we pay a whopping $2,300/mo in rent. And that doesn’t even include *maintenance* which a lot of people forget about when making these calculations! (But fortunately with renting it’s minimal :))
#2. Reasonable Car — I’m gonna go with #PASS & #FAIL here. We chose a used car with some mileage on it and had it
#3. Smart Career — #PASS. A lot of variables go into this one of course (distance, pay, benefits, passion??), but I’d say I’ve definitely chosen well in this department, as not in my wildest dreams did I ever think I’d get paid thousands of dollars to just write a diary about money, haha… And as anyone who is self-employed knows, the potential for growth/income is limitless when you control the reins. So I’m super thankful to have (accidentally) fallen into this, and it certainly beats out all
So that puts us at 1 and 1/2 out of 3, haha…. does that make me a bad blogger?
Oh well, I’m okay with it because at least I know where I stand and *why* I’m standing there (the most important, right??). And while I’m not at a perfect 3 for 3, I know that the future will only improve so long as I keep working at it.
Which I think is the key to all of this, really. It’s one thing to not understand how you got to where you are right now, but a whole other to recognize it and then make that plan to get better with each and every day! Because it’s not our pasts which define us, but our futures!!!
So as long as you’re fully aware of what’s going on right now, you get a passing grade too 🙂 But still divulge how many of the 3 you hit here – and why – so we can continue the discussion, haha…
And btw – I still stand by
[For more $$$ nuggets, head over to