Category: Retirement

Planning and Saving for Retirement. Hint: Start Now!

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How We Manage Our Money: Behind The Scenes of The Frugalwoods Family Accounts

Today, by popular demand, I bring you a comprehensive rundown of how my husband and I manage our money. Before we dive in, I want to point out that your money management strategy will likely differ from mine, and that’s ok! Your financial situation will also likely differ from mine, and that’s ok too! There’s no one right way to do money, although there are definitely some wrong ways. What I hope is that by...

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How NOT To Pursue Financial Independence

You wouldn’t think there’s a right or wrong way to pursue financial independence (FI), but I definitely did it wrong. Hopefully you can learn from my story and not make the same mistakes I did. While Mr. Frugalwoods and I enjoy/attempt to survive our first few months as parents to our daughter, Babywoods, I have a delightful slate of guest posts from my friends lined up for your reading pleasure. Today, please welcome the fabulous Mad...

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How much do I need to retire early?

Fear of the unknown is powerful. We all know it is impossible to predict the future with absolute certainty, and the farther out you try and predict the less certain your conclusions. If you retire at 35, how can you be certain you won’t be in poverty when you are 80? Luckily the academic world has come up with a benchmark that makes your predictions easier.