Test Your Budget with the Power of 12

BudgetIs your budget really as smart as you think it is? One of the first things many people do when they are trying to get their financial fitness on is to create a budget. Undeniably, there is a requisite amount of trial and error involved in the first few passes. A budget should meet everyone’s needs, be grounded in reality, and align with your goals, values, and charitable priorities. Flexibility is key. For a long time, I was pretty pleased with our budget. After all, it allows us to save 42% of our after-tax income without factoring in any side hustle money. And that doesn’t even include the 10% of our pre-tax income that we each pay towards our respective pension plans every year. Clap louder. I can’t hear you this far away.

While it seems like we’re sitting pretty with our line items each month, it turns out that the true test of a budget involves the magic number twelve. That’s right. Yearly budgets lend an equally powerful perspective. Even if you already have your budget broken into percentages, the yearly totals either get a little harder to swallow when you think of what else you could be doing with some of that money, or the numbers will inspire you to take a victory lap around the kitchen table. I put our budget up to the test and multiplied every line item by 12. Below, I share just a snapshot of the good, the pricey, and the ridiculous:  Continue reading “Test Your Budget with the Power of 12”

Test Your Budget with the Power of 12

How I’m Hustling This Summer

 

Summer“You only work nine months out of the year.” “You get the entire summer off.” There’s a lot of misinformation floating around the universe in terms of what teachers do during their time off. So, I thought maybe I’d set the record straight, at least partially. 

I’d be lying if I said I didn’t have any vacations planned. In fact, we’re dashing off to Vegas for a few short days right before summer school starts. Costa Rica is also on the horizon. In addition to travel, I’ll spend countless hours preparing for next school year. In the past, I’ve never clocked the hours, but this summer, I think I will. In addition to traveling and lesson planning, a big chunk of my summer will be spent hustling. Continue reading “How I’m Hustling This Summer”

How I’m Hustling This Summer