Mustache Monday: A History

My commuting college student life was a carefree time of making almost no money, but not spending much either. This quickly changed as years of inattention found my post college self with consumer debt for the first time and loans. I also married a lovely boy with not-so-lovely debt of his own.

Luckily, this was around the time I found JD Roth’s Get Rich Slowly and MSN Money’s Liz Weston (and a Frugal Babe honorable mention). With their advice and some spartan living, the husband and I paid off 3 car loans, 2 student loans, 2 credit cards, a consolidation loan, and a store card over the span of 2 1/2 years.

The past 3 1/2 years have seen our focus change from debt clearing to saving and investing. This also coincided with the emergence of Mr. Money Mustache. He was not the first to introduce the idea of early retirement or, if that term is too unpalatable, financial independence. But his earnest/brazen approach to personal finance was refreshing. He challenges the idea of why we should save by poking holes at the how.

If Mr. Money Mustache took a peek at our finances, we’d probably get an earful and a righteous punch in the face (especially since neither of us owns a bike!), but we generally try to keep his precepts in mind. We sold one of our two cars as our daily commute reduced drastically when we moved into our new home. Both of us are walking distance to public transit and the husband is able to walk to work. With no consumer or revolving debt (besides the mortgage), most of our savings goes into a Vanguard stock index fund (VTSAX), employer 401k’s or accelerated mortgage payments with some cash reserves in a dedicated online savings account.

My hope is financial independence in 10 years. Circumstances are bound to change in that time, I know, but I hope for the better.

Advertisements

5 thoughts on “Mustache Monday: A History

  1. Ƭhanks for your marvelous posting! I actually enjoyeɗ reading
    it, ʏou can be a gгeat author. I will make certɑin to bookmarқ your blog and will come Ьack very
    soon. I think you oսght to continue your ցreаt job, have a nice holiday weekend!

    Like

  2. After lookіng at a few of the bloց aгticles оn yօur Ƅlog, I sеriously apprecіate yοur way of blogging.

    I saved as a favourite it to my bookmarκ weƄsite list
    and will bе cҺecking back soon. Please ϲheck out my websіtе
    too and let me know your opinion.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s