I live in Denmark where student loans aren’t as big a thing as in the US. However, people still graduate with loans. Nothing hurts more than to see people graduate with huge amounts of debt. Debt is an emergency and…
Working as a management consultant you get to try different types of projects in different industries. Over the past few weeks, I tried my first cost out project. If you are not familiar with the concept, it involves reducing costs…
I love the concept of frugal living. Not only can you save money to buy more freedom. You can also save the planet by using fewer finite resources. If you follow this blog, you will know I am not the…
Lately, I have considered what’s up with all the gift giving in our society. We give gifts in holiday seasons. We give gifts on birthdays. We give gifts at weddings. We give gifts at parties. Sometimes we even give gifts…
The average American household carries more than $137,000 in debt. As part of that economic reality, most Americans have less than $5,000 in their bank accounts. That’s at least one quarter less than the recommended amount. Writing about financial independence,…
I was so surprised when I learned that in 2017, US households had an average yearly spending of $60,060. What surprised me, even more, was when I read about the average American owing $38,000 in various types of debts! That…
Did you know that 55 million Americans have zero savings? Whether it’s due to poor spending habits, low wages, or any other factor, saving money can definitely be a challenge. You can’t always change your job or location, but there…
The other day I was looking back on my budget from when I was studying only a few years ago. I used to get by for around 10,000 DKK (1,538 USD) per month – everything included. Revisiting our budget, my…
Many people have little or no savings. I often hear about friends that spend every single dollar of their salary each month without ever thinking about their savings. Recently, stories about Americans have surfaced and have been quoted in the…
I must confess I don’t live a frugal life. Being a FIRE blogger, this is something I have thought a lot about in the past few years. FIRE and frugality often goes hand in hand, but in my case it…
