Simply Enough

personal finance

5 Minimalist Habits To Achieve Financial Freedom

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It’s impossible to ignore the financial benefits of decluttering, downsizing, and owning less. For our family, financial freedom was the single greatest gift we experienced when we chose to own less and pursue a minimalist lifestyle.  Our path to minimalism began when our son was young. Over time, we’ve sought to set an example by teaching the importance of debt-free living, owning less, and being intentional with our resources, especially money. These are character traits we hope he’ll inherit from our example. Debt-Free Living The process began with a personal finance class my husband and I took together. I was motivated to declutter anything that wasn’t nailed down in our house and never buy anything ever again. Meanwhile, he was motivated to accelerate our retirement savings and reduce our spending in several areas. This led us to realize that step one was to eliminate every penny of consumer debt we had. We cut up our credit cards, closed a $45,000 home equity line of …

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How to Survive a Layoff with Financial Freedom

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If you've been through a layoff, or are worried you might be facing one in the near future, then you know how stressful it is. It's especially difficult if you are the family benefits-holder. But it doesn't have to be this way. Early on in our marriage, we experienced two significant layoffs and never touched our savings. As a family, we prepare for emergencies knowing they happen when you least expect it. Simply put, we have an emergency fund (6 months of expenses saved). And we make lifestyle changes to adjust to the lack of income.  The Storm My husband was laid off in early 2019. The news arrived just before my son‘s 13th birthday. We had planned to go skiing and kept the trip as scheduled. The next day, en route to the mountains, with the layoff weighing on our minds, our neighbor called. A pipe had burst in our home. We turned around, dealt with the mess and arrived at our destination, albeit several hours late. One disaster after another but somehow we weathered the …

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5 Fun Things to Do on Black Friday Instead of Shopping

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Truth be told, I have wonderful childhood memories of Thanksgiving and Black Friday. Our routine included grandma’s cooking times two!  For many years, my mom was an intentional Black Friday shopper.  As a busy working mom, she capitalized on the day off and finished most of her shopping in one day. Would you like to create a simple Christmas? Learn more in my Christmas Workshop and 3 Digital Downloads. Check it out here! Coffee, Dessert, and Flyers The Black Friday tradition began with the “newspaper flyers”.  They arrived Wednesday, unlike modern-day Black Friday advertising.  After dinner, Grandma Ruth served apple, mincemeat, and pumpkin pie.  She poured coffee as we broke open the cellophane package of ads for Friday's sales. The next day, my mom dutifully packed turkey sandwiches and carried a hand-written list with her Christmas Club envelope. This was money saved weekly from her paycheck which created the gift budget and not a …

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The Ripple Effect One Starbucks Can Have on Your Life

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One morning, I left early to get my car inspected. With laptop in hand, I prepared for the long wait time. The garage is conveniently located next to Starbucks. And this presented an opportunity to sit on their patio on a pleasant morning.  Debt-Free Living When I use a table at Starbucks, I believe in supporting the business, but I also spend my money carefully. And thus had already made my coffee at home.  I gave up my daily Starbucks run over 12 years ago thanks to a personal finance class. I debated over what to order. A muffin would be less expensive but full of sugar so I settled on Bacon Gruyere Egg Bites.  $4.99 was the price of using their table, shady umbrella, and WIFI for two hours; good value for my situation. But the price tag got my wheels turning…$5 multiplied by 5 days a week? Add on a grande drip coffee, at $2.95/day and now it's $8/day or $40/week. Change the drip coffee to a latte and it’s $50/week or $200/month. Pick up a pre-packaged …

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