Category: Uncategorized (Page 1 of 2)

Calculating Good and Bad Financial Scenarios

Calculating Good and Bad Financial Scenarios

I haven’t done many calculations around here lately and since we both know I am number-crunching incessently, I thought it was about time to do a number crunching exercise here on the blog with our numbers. Today, we’re going to look at 3 scenarios into the future: a terrible one, a low-return one, and a good return one. Let’s see how the numbers play out:

Where we Stand

These calculations are based on our portfolio’s current $150,000 value (a nice even number to work with, which is part of why we’re running the simulations now!). The monthly savings for the first year assume $2500 – the $1500 to max out Mr. T’s 401k (automatic) and a mix of employer contributions and my savings for another $1000/month. This is our current savings rate. Then, after the first year, those monthly savings amount skyrocket to $4500 because in 2019, we will start the year with a paid off house and we can throw our mortgage payment directly into savings! To make these calculations, I use my very favorite compound interest calculator to plug in the numbers.

The Recession Starts Tomorrow!

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Why I Want to Move to the U.K.

Why I Want to Move to the U.K.

I often wax poetic about wanting to move to the U.K. and long-time readers of the blog know that I sincerely mean it when I say I want to move there. But, recently, I had a breakthrough in thinking. Last week, Mr.T and I were on a road trip from Dallas to San Antonio with two sleeping 3-year-olds in the back seat. So, we were stuck in a car with time to chat.

Our usual conversation is about where we would move if we left Alaska. Our parents are in the Northwest and we grew up in the suburbs of Seattle and Portland, but we’ve found that when we go back, we’re stressed out by the amount of people and traffic and the bustle that has moved into the suburbs. Living in Anchorage has made us small-time people. We’re now definitely more country or suburbs-of-suburbs type of people. We also would love to live next to siblings, but our siblings are all over (Texas, Nebraska, California) and we’re not in love with any of those locations and we can’t count on them to stay there either.

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An Honest Look At Your Awesomeness

An Honest Look At Your Awesomeness

An Exercise in Self-Reflection

  1. Grab a Piece of Paper and a Pencil
  2. Write down 5 things you are AWESOME at.
  3. Write down 5 weaknesses you have.
  4. Write down 1 thing you want to actively get better at.

Are you Too Hard on Yourself?

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Save Money on Razors (by using only 1 a year!)

Save Money on Razors (by using only 1 a year!)

On Sunday, my razor head broke. That’s right. It broke. The plastic connecting it to the razor broke. And I had been using the same razor for just over one year!

Men’s Razors are Better Than Women’s

Yes. There’s a wage gap and, I believe, a razor gap. They just don’t make them the same for women. I’ve been a men’s razor snob since Gillette accidentally sent me a Mach 3 razor when I turned 18 (I was a male on their marketing list apparently). So, let me tell you, ladies… it’s time to pick yourself up a Men’s razor. That’s step one.

Razor Heads Can be Sharpened

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Seward's Folly: Happy Alaska Day

Seward’s Folly (Happy Alaska Day)

Let me tell you a little story about taking chances that people think are stupid.

There once was a guy who bet $7.2 MILLION DOLLARS on real estate. I mean, Crazy right? And this was WAY back in 1867, so those dollars were worth WAY more back then!

His name was William Henry Seward and his purchase? ALASKA! He bought the state for the equivalent of 2.5 cents per acre!

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Northern Expenditure’s 100th Post!

We’ve made it. 100 episodes. That’s over four seasons if we were a standard American sitcom! And that means… it’s time for a clip show! That’s right. Here’s where we would put together a moving and hilarious series of vignettes of us laughing together and crying together. Unfortunately, in blog form, this is the best I can do to capture our collective experience:

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Introducing… Penny!

Though Frugalwoods is no longer running the Frugal Hound Sniffs series, our daughter, Penny, decided she wanted to answer the questions anyway. These questions were meant to be written by the pet of a blogger, so Penny thought they were funny. Here is her interview with Frugal Hound:

Penny2

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The Index Card Challenge: My Submission

Recently, Adam Chudy issued a challenge for several bloggers to condense all of their financial advice onto a single index card. It was a fascinating idea and I loved reading through them. Go check out the index card challenge entries if you haven’t already.

First of all, here is my entry. It’s a lot less technical than others’ advice (and includes a lot more color. Yay markers!), but I’m a firm believer that if you get the right mentality in place, you’ll be able to figure out the details because you’ll care enough to do so.

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Don't make dumb money mistakes

Keepin’ it Real: Kiddos

Mrs. Frugalwoods recently admitted that she’s nervous about becoming a mom, but she’s learning to accept we’re all flawed. This kind of thing strikes a chord with me and I had to talk about it. First off, let me just say:

No one should EVER say “It’s so great. Enjoy every minute” to someone with children. 

Don’t stop reading if you don’t have kids. This post is for you too. I want to talk about the logistics of having children. As a stay-at-home mom, I am a “professional” in the field. So please listen up.

Why Kids Are the Worst:

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#FinCon15 – A Twitter Story of FinCon

If you missed our initial coverage of FinCon15, you’ll need to know that we are not actually in Charlotte. We’re enjoying the fall up in Alaska. But don’t worry. We’re pretty sure we’ve gotten the entire story from FinCon15 based entirely on #FinCon15 posts on Twitter. We’ll fill you in on what you may have missed:

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