TwentyFrugal

Start investing with Acorns today! Get $5 when you use my invite link: https://acorns.com/invite/K5QSRE About two years ago, I was in the process of moving to Chicago to complete a Master’s degree. I was going from a steady paycheck back to being an unemployed student living in an expensive city.  The first thing I did was hit up the local goodwills and salvation army’s. They had things that my local thrift stores could only dream of. With Chicago being a huge sports city, I started buying up jerseys and selling them on eBay, Facebook, OfferUp, and LetGo. I made enough to make it a few months. I landed a remote job working for the company that I worked for before moving to Chicago. I was still only making around minimum wage. I was frustrated because I was basically putting my long term wealth on hold while living there. I found an app called Acorns that really made a huge difference for me. Acorns rounds up your purchases and invests the roundups in ETFs that you select based on r...

I've been using these rules in the grocery store for about 3 years now. I've used them for bulking diets, cutting diets, and just all around healthy diets. 1. Pick your staples My staples are: Eggs Tortillas Salsa Spaghetti Chicken Milk Apples Brown Rice Assorted Steamfresh Veggies These are the things I can eat week after week without getting tired of them. If I am trying to stay on a tight budget, I will stick to just these staples, but if I can, I will usually try to spice things up. 2. Buy in bulk When I say buy in bulk, I mean buy your staples in bulk. If something is on sale, buy more of it and stock it up in your kitchen. You will be buying those staples regularly anyways. I try to stock up on meats when they go on sale and freeze them until I need them. 3. Meal Prep Buying meal prep containers and planning your meals for the week will help you be more intentional at the grocery store. It will also help you portion control which makes...

You just graduated college and you're trying to decide whether to buy a house or rent an apartment... There are many different factors that go into this decision. Do you have student loans? Do you have a giant car payment or credit card debt? How long will you live in that location? The list gets overwhelming. I am going to break down several factors in the simplest way possible to show you the options using estimated numbers. Let's say you have a monthly income of $2500 and you are fresh out of college with $65,000 in student loan debt with a 7% interest rate. You are trying to decide on buying a house or renting an apartment in the new city you are living in. The house you want to buy is $150,000 and a fixed mortgage rate of 3.33% with a 15 year mortgage. The alternative is renting an apartment in town for $650/month. Here is the breakdown: Option 1: Buy the house The monthly payment on the house:  $1060  for 15 years to pay off the grand total o...

I am 23 years old with a few months left of college and years of financial advice deep. My father is a financial advisor and hammered some key financial principles into my head as I got older. I grew up in a millennial generation with a financial goal of building wealth and establishing financial independence. This blog site will exhibit everything from my key principles, to my weaknesses, to referrals to the other key financial influences on my ideals.  Here is a road map that I have set for myself after years of research. This list comes from a mix of Dave Ramsey principles, modern financial advice, a bachelor's degree in business administration, and common sense. Start tracking your spending and create a budget In order to really get an understanding of where you are at, you need to start tracking your spending. There are many different ways to do this. Apps like Mint, Clarity, banking apps, and Every Dollar will actually link to your debit card and track your spending fo...