Not Spending Is Hard!

The weather is finally turning and I love it!  It was a long winter with so much snow and finally we’ve been having some warmer days full of sunshine.  The older I get, the less I enjoy the snow; ugh!

With warmer weather comes the feeling of wanting to go out and do more and spend more.  That’s not good for our budget so we work hard to control our tendencies and emotions to ensure we don’t break our budget.  If I had so much money that I never needed to work again and needed to figure out a way to spend all of my money, here are the things that I would buy right now (I included links so you can see what I would want):

Tracking Your Savings Rate

[Editor’s Note: This is an independent post written by Jack. This post discusses our savings rate and major expenses for Quarter 1 (January – March) of 2019. This post may contain affiliate links. Please read our disclosure for more info.] One of our major goals for 2019 (discussed in our Written Financial Plan) is to save…

Setting a BHAG

BHAG stands for Big Hairy Audacious Goal.  According to Wikipedia, a Big Hairy Audacious Goal can be described as a strategic business statement similar to a vision statement which is created to focus an organization on a single medium- to long-term organization-wide goal which is audacious, likely to be externally questionable, but not internally regarded as impossible.

While the Wikipedia definition is targeted towards an organization, I like to think a BHAG can be used when setting personal goals as well.

Featured Teacher

We’re teachers and we know being an educator is hard work.  It takes a lot of time to plan awesome lessons, teach with passion and provide quality feedback so our students can be the best humans that they’re capable of.  While it sounds easy, it is not. Often times, teachers are overworked, underappreciated, and undervalued. 

At TeachFI, we want to highlight and celebrate teachers. Every month, we will celebrate a teacher who is making a difference in their community.

So, let’s celebrate our Featured Teacher!

What’s in your retirement portfolio?

[Editor’s Note: This is an independent post written by Jack. This post may contain affiliate links. Please read our disclosure for more info.] What to invest in? Once you land on a Risk Allocation that you’re comfortable with the next step is to figure out how exactly you want to allocate your investments. I can’t…

Book Review – Taxes Made Simple: Income Taxes Explained in 100 Pages or Less

I’ve filed my own taxes (using tax software for convenience compared to the paper forms) for about six years now. Mike Piper and I agree that there are huge benefits in learning the basics of filing your taxes. I know there were for me. Not only did I save money by not hiring out, but I also learned how to maximize the ROI of my investments and lower my overall tax burden. I am confident reading his book and/or using google/forums as you file on your own will allow you to make more informed decisions about your financial planning, which will, in most cases, also result in a lowering your effective tax rate.

Filing taxes and reducing your taxable income.

[Editor’s Note: This is an independent post written by Jack. This post contains affiliate links. Please read our disclosure for more info.] Tax Software: Firstly, if you haven’t tried filing your own taxes I recommend you take the plunge! Most tax situations just aren’t that complicated and can quickly be done with the aid of…

Book Review – How to Think About Money

How to Think About Money Clements, J. (2016) How to Think About Money. Author. Category: Money Recommended Financial Literacy Level: [Novice] Recommended Audience:  A great entry-level book for those just getting started on their journey toward financial independence. “First and foremost, money buys time and autonomy. Secondarily, it buys experiences. Last, and least, it buys stuff,…

Financial Independence On A Teacher’s Salary

First things first — my wife is a financial superhero.  She is the reason we were able to pay off $50,000 in student loans in 12 months (they were mine).  She’s the reason we have extra money to invest at the end of each month. She’s the reason we’re in the financial position we’re in.  Brace yourselves for what I’m about to tell you…