Building a frugal box makes so many aspects of money management effortless. This weekend, I jet-setted across the country for a spa day with my stepsister. Sounds luxurious and quite expensive, doesn't it?
In the office environment, I was forced to take regular breaks from staring at my screen. Distractions came in the form of coworkers stopping to say hello, long walks down to the campus Starbucks and in-person meetings. A commute signaled the start and the end of the day, making it easy to shut everything off. Working from home took away all of those automatic triggers for a mental break. It's now on you to own your time.
Which one to choose? An extremely personal decision that boils down to tax advantages you want to gain. Always confer with your CPA before making your decisions, but go into the meeting with full knowledge of the differences, benefits, and potential scenarios in which one (or possibly neither!) may be more advantageous. TLDR: it is a spectrum that will change throughout your life.
I'm quite fortunate in that my company is on an annual raise and bonus cycle, which kicks in on January 1st. Every year before the winter holidays, I start preparing for next year's financial plans and goals. That means evaluating my savings goals, one of which is maxing out my 401(k).
In searching for the new limits, the first thing that pulled up was "Should You Even Try to Max Out Your 401(k) in 2023?" The bait worked. I clicked.
Frugality is always relevant, of course.
So much of my successful adventures boiled down to timing. What’s still relevant? Am I just an interesting story, a footnote, riding off into the ether?
To preface, millennials were born between approximately 1980 and 1999. The oldest are mid 40s, and the youngest are in their 20s. It's not just "anyone younger than me."
The experiment has been a success. It's time for an update after four and a half years of marriage .
I'm quite fortunate in that my company is on an annual raise and bonus cycle, which kicks in on January 1st. Every year before the wint...
Every time you say yes, you are saying no to a million other things.