The Incoming Assets Retirement Strategy

-Written by Steph

Given the current uptick in readership of our blog, along with the overall increased interest in financial independence and early retirement (FIRE), it seems timely to do a post that thoroughly describes the exact system we use in our pursuit. We’ve fine-tuned it over the years, and have come up with a strategy that allows us to build wealth quickly on average incomes and with minimal¬†ongoing effort. Here it is! Continue reading

When to Make or Buy?

Written by Cel

In frugal circles, there’s a lot of emphasis on DIY and making things from scratch.¬† This makes sense, as it often is cheaper to make something yourself rather than buy it from a store – and perhaps higher quality, depending on your skill.

However, that’s not always the case. Some things are better off just bought from the store. It may be very cheap already, or require a prohibitive amount of time to do it yourself.

Continue reading

Craigslist for Dummies

Written by Cel

Craigslist is a much-maligned resource. It has a bit of a sketchy reputation, which admittedly is somewhat deserved. But don’t let that scare you away! I found my current job on Craigslist, and my current apartment. However, where Craigslist (or equivalent sites like Kijiji) really shine is for buying and selling.

It makes a big difference to your finances when you buy used, and/or sell things you no longer want rather than just disposing of them. Doing both of those can reduce expenses of certain hobbies (e.g. video games) substantially. It’s not uncommon for me to buy a game, play it, then sell it for $0-5 less than what I paid. Once, I even made money buying a game on sale at FutureShop, then selling it for more than what I paid after I was done.

Here are some tips to follow to make your Craigslist transactions run smoothly. This may be common sense to those who are familiar with Craigslist, but may be helpful to those who are new to buying and selling through such sites.

Continue reading

The Psychology of Saving Money

-Written by Cel

Most of our blog posts are about practical, tangible things. Our methods for grocery shopping, how we manage our financial system as a couple, that sort of thing. Our book is mostly in the same vein – specific, concrete advice on how to save money on concrete expenses. This is important, of course. These are directly relevant and applicable to people’s day-to-day lives. However, the psychology and philosophy behind our approach to finances is important as well. If you don’t have the right mindset (which can be different from person to person), it’s easy to screw up your finances no matter what tips you follow.

Continue reading