Category: Demystifying Personal Finance Series

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Why We Ignore The Stock Market And You Should Too: Demystifying Personal Finance Part 4

Apparently the stock market is doing terrible things right now. But I don’t care. Monitoring the market like Frugal Hound stalks squirrels is a patently useless waste of time, energy, and brain capacity (same for FH as she’s tethered to a leash and, uh, the squirrels are decidedly not). There’s simply nothing to gain by it. So while the rest of the world frets over the machinations of the market, I’m taking a different tack....

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401ks Are Your Friend: Demystifying Personal Finance Part 3

Welcome to Part 3 of our Demystifying Personal Finance Series! This series is all about how to assemble a sound financial life as a young professional, though many of the topics covered are useful to folks of all ages. The series also serves as a reflection of the steps Mrs. Frugalwoods and I have taken to stay debt-free (other than our mortgage), save 71% of our incomes, max out our 401ks, avoid the lifestyle inflation trap, and map a plan for...

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Banish Debt Like a Boss: Demystifying Personal Finance Part 2

Welcome to Part 2 of our Demystifying Personal Finance Series! Debt repayment is a crucial step in attaining financial freedom and I originally wrote a post about debt repayment myself. But, it was terrible. Since we’ve never had any debt other than our mortgage, it was full of conjecture about what it “must feel like” to have debt and work towards paying it off. Be glad you didn’t have to read it. Mr. Frugalwoods and...

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Unicorns, Soviets, and Compound Interest: Demystifying Personal Finance Part 1

Two years ago, I gave a presentation to my office on how to manage your money as a young professional. Sound boring? The title was “Compound Interest is a Magic Unicorn of Awesomeness.” Why was I giving a presentation about personal finance to my office of software engineers (of which I am one)? Well, I’m known as the finance geek. And compound interest is, in fact, just as awesome as a unicorn. After Mrs. Frugalwoods and I bought a...