Military Debt Consolidation: Myths an...

Military Debt Consolidation: Myths and Facts [Guest post]

Editor’s Introduction: As you may be aware, debt is a huge issue for military men and women and their families. Unlike most professions, debt can prevent service members from obtaining security clearances and/or promoting. In this guest post, our guest blogger Amy looks at the myths and facts regarding debt consolidation, especially as it relates […]

How well do you know your credit card...

How well do you know your credit card’s benefits?

Davin and I are the type of people who charge everything to our credit card. We pay off the balance each month so we aren’t carrying any debt on our cards.  For us, the main appeal of credit cards is the rewards: his pays cash back and mine pays points. With these rewards, we feel […]

No Christmas presents

No Christmas presents

When I tell people that we don’t exchange Christmas gifts, I get mixed reactions, ranging from “Really?!?”, usually partnered with a sneer, or “How did you get your family to agree to that?”, the latter partnered with a glimmer of hope.  Two kinds of people, right? I was recently at a store and the cashier […]

Financial Independence & the Ser...

Financial Independence & the Servicemember

Sounds like a modern day fairytale! What does financial independence mean if you’re looking at a military career? Well first, let’s take a look at the meaning of financial independence. If you read personal finance blogs, you will see many people reference the goal of financial independence, often shortened to FI. In a nutshell, the […]

My money philosophy, compressed to an...

My money philosophy, compressed to an index card

I recently read this post about personal finance bloggers giving their best money advice on an index card. So I wrote my own! I present to you my philosophy on money on a single index card:   This is probably against the rules, but here’s a little elaboration… Make it easy– Automate your accounts. Use index funds so […]

What are life cycle funds?

What are life cycle funds?

Have you heard of life cycle funds? Sometimes called target retirement funds or age based funds, they are essentially the “set it and forget it!” of mutual funds. Like other mutual funds, these life cycle funds are comprised of a mix of stocks and bonds of various levels of risk. Typically with mutual funds (or […]

Why we invest in Roth accounts

Why we invest in Roth accounts

Read more about retirement accounts and the TSP.   One reason why we started this blog was because we felt like our situation, namely as a military family, was vastly different from that of other financial bloggers and writers. And because of that difference, a lot of “tried and true” advice or “rules” don’t apply to […]

This is why people hate investing (an...

This is why people hate investing (and some lessons learned to make the process less painful!)

  We entered summer with a plan. We were going to move many of our accounts over to Vanguard, including both of our Roth IRAs, an old traditional IRA that Davin had rolled over from an old 401k, an individual brokerage account that I had, and I was going to roll over my 403b from […]

Getting Started Series Part 8: What a...

Getting Started Series Part 8: What are expense ratios and why they matter

This is a series intended to answer the question “I’m covering my bills, now what?” It’s for people who have a steady source of income and have a vague notion that they should be doing something more with their money, but don’t really know how to begin. This will go through what to do with […]

Getting Started Series Part 7- What t...

Getting Started Series Part 7- What to Look for in a Mutual Fund

This is a series intended to answer the question “I’m covering my bills, now what?” It’s for people who have a steady source of income and have a vague notion that they should be doing something more with their money, but don’t really know how to begin. This will go through what to do with […]