I am a little tired this morning so forgive any typos in today’s newsletter. Trish and I drove from Waterloo, Ontario to Halifax, Nova Scotia this weekend. Upon arrival, the power went out as the city is experiencing a heatwave so I did not get too much sleep last night.
But don’t feel too bad for me. I spent most of yesterday at a beautiful lake with friends (5 minutes from the house) and later today will be heading to the beach (20 minutes from the house).
As always here is another batch of personal finance stories for you to enjoy whether you are at the office or on vacation.
The first story discusses how to save money at the grocery store. Grocery stores are designed to be confusing. As was pointed out on the most recent season of Stranger Things “Why don’t they keep the bowls next to the cereal?”
Because the grocery store knows the longer you are in the store the more money you will spend, often on things, you don’t need. That’s why it’s critical to have a gameplan for your groceries so you can get in and get out with your wallet in tack.
The second story discusses how one couple went from $10,000 in credit card debt to reaching FIRE within 5 years while making under $100,000 per year. I love this story because it describes what sounds like a very typical family with typical spending habits (overspending) and how with some discipline and change in lifestyle they were able to completely change their life.
The final story answers the question “is it okay to lend money to my significant other?” Before you make a decision one way or the other, you are going to need to sit down together and have a big-picture money talk. Your decision will not only impact your finances but your relationship as well. I also describe my personal experience with this topic.
Don’t forget, I will be releasing new personal finance videos every week
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Also, I publish a new story every Monday-Thursday at 11 AM
Have a “money story” you want to share? submit it be published on Making of a Millionaire.
This article is for informational purposes only, it should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions