How to Become a USAA Member Even If You Aren’t in the Military

USAA is a fantastic financial institution with so many upsides, such as outstanding customer service and an unparalleled online platform.

I highly recommend you check them out for investments, insurance, or banking in general.

Unfortunately, USAA doesn’t do a stellar job of clarifying membership eligibility requirements. So I have taken the time to outline them here and provide my insight as a USAA member.

Continue reading “How to Become a USAA Member Even If You Aren’t in the Military”

How an Electronic Envelope System Helped Us Pay Off Over $150,000 in Debt

You’ve most likely heard of the envelope system before. It’s a money management strategy that involves labeling physical envelopes according to major budget categories and putting the actual cash amounts into those envelopes.

The benefit to this system is the real-time feedback you get about how much money you have left in a specific category. Once it’s gone, it’s gone. It’s very difficult to overspend if you follow this strategy.

But it can be high maintenance, and even risky, to keep all of your cash in physical envelopes inside your home, car, or wallet/purse.

Continue reading “How an Electronic Envelope System Helped Us Pay Off Over $150,000 in Debt”

Pay Yourself First

Some Background

I first read about the “Pay Yourself First” concept in the critically acclaimed book, Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! (referral link), when I was about 22 years old and trying to get myself out from under all of my student loan debt, and just be more fiscally fit in general. I picked that same book back up about three years later to re-read it and gain some inspiration.

That’s exactly what I got.

Three years later, I had accomplished my debt goals.

Three years after that(today): I am 31 years old and 100% debt free with a “healthy” net worth. Continue reading “Pay Yourself First”

How to Get the Most Out of Your Paycheck

One of your most useful tools is cash flow, and in most cases this happens to be your paycheck.

It doesn’t really matter what your money goal is, cash flow is probably a key factor in achieving that goal.

Maybe you are paying off debt. Perhaps you are saving for a trip, or maybe you are saving up for an investment opportunity (that’s me).

So your success will depend largely on your ability to both MAXIMIZE the amount of that cash flow, and to MINIMIZE the costs associated with living your life. Today, I will focus on the minimizing costs related to pets, clothing, and eating out. Continue reading “How to Get the Most Out of Your Paycheck”

How To Pay Cash For Your Cars

Would you like to know how to pay cash for your next car, and never take a car loan again?

This is something I have seen so many of my family, friends, and co-workers struggle with over the years, and it just blows my mind. I have taken two car loans in my lifetime ($15,000 and $18,000).

In both cases, I paid the loan off within about 1 to 1.5 years because I can’t stand to be in debt. My point is that, if I could afford to do that, I had no business taking the loans to begin with (and neither do you!). Continue reading “How To Pay Cash For Your Cars”