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…
I know the title of this post sounds like a health and beauty magazine, but hey, I had to grab your attention, right? As a personal finance blogger, I will of course looking at how to get fit for summer…
I was married a few weeks ago, and I can honestly tell you that it was one of the most overwhelming experiences I have ever had. You definitely have something to look forward to! I don’t regret spending a single…
Vampire energy refers to electrical devices that constantly use power even when they are not in use (such as in standby mode). Obviously, having power flowing to your devices all the time costs money – and it often costs more…
A question people often have regarding loans is whether to choose a loan with a fixed or variable interest rate. Recently, in Denmark (and I assume in other countries too), people are increasingly choosing loans with fixed interest rates over…
