Do You Know Your Monthly Nut?

Regardless of whether you make $46,000 or $460,000 almost everything in personal finance starts with what I commonly refer to as the “monthly nut.”  I am not sure where I got the term from, but knowing myself I probably giggled at first but now use it almost every single day when discussing someone’s financial situation. … Continue Reading

Screening Covered Call Options for my Traditional IRA

For the past couple years I have have mostly ignored my Traditional IRA.  I would put money into it every once in a while but it would mostly just purchase the only mutual fund that was in it The Fidelity Freedom 2050 (FFFHX).  I know that sunk costs shouldn’t matter but I promised myself if… Continue Reading

My March 2012 Net Worth Update

At the beginning of each month I calculate to see if my net worth has gone up or down and share that with all my readers.  Quick knock on wood because I have not had a down month in the 14 or so months since I started tracking my net worth. However, because I am… Continue Reading

Tracking My Monthly American Express Bill

Since December I have published my American Express Bill in a hope that it will force me to become more responsible with spending. When I was destroying debt I watched everything very carefully, but since we have no consumer debt (besides this revolving charge card which must be paid off in full every month) I… Continue Reading

Why You Should Buy Life Insurance Regardless of Whether You Have a Spouse or Children

I believe that one should at least entertain the thought of a flexible life insurance policy regardless of whether you have a child, life partner or spouse.  I am aware that this contradicts main stream advice, but there are two main reasons, both of which were the basis of my decision to buy life insurance… Continue Reading

How Much Interest Do I Pay? An Update

In November of 2009 where I sat down and actually calculated how much of my monthly payments were going to interest; again, I repeated this exercise on June 23, 2011.  Well it has been another eight months or so, which means it is about time to figure out how much of my money is going… Continue Reading