Mint Mobile – A Hell of a Deal!

Gen Y Finance Guy Smart Spending 3 Comments

This post focuses on the expense side of the equation, which is unusual for this blog. But in the midst of the COVID-19 pandemic expenses are one of the only things in my control at the moment. In times of crisis, it’s important to remain calm and focus on those things that you can control. The bright side is that this has actually presented a great opportunity to really evaluate our expenses and place more scrutiny on expenses that may be greatly inflated vs. alternative options on the market. I have been a Verizon customer for years and have never really evaluated the other players – big or small. Supposedly, Verizon is the best in terms of coverage – a …

Minimum Monthly Spend (MMS)

Gen Y Finance Guy Smart Spending 3 Comments

In my last post, I conducted an analysis of my family’s spending in order to ready it for some drastic reductions in response to the unprecedented times that we find ourselves in today with the COVID-19 pandemic. Besides getting a better understanding of my household’s historical spending, the goal of that exercise was to first get our spending below $100,000 per year and then to also figure out our Minimum Monthly Spend (MMS). In doing so, we found that we could easily reduce our spending to below six figures – in fact, almost overnight (our first level of cutting landed us at an annual spend of $96,814 or $8,068 per month). And if things got really tough, we can easily …

COVID-19 Pandemic – Were You Prepared With An Emergency Fund? How Will You Navigate the Months Ahead?

Gen Y Finance Guy Smart Spending 7 Comments

It is during times of crisis and panic that people finally realize the importance of an emergency fund. I know it’s not sexy or cool to have a bunch of cash sitting around…especially when others say that that cash could be working for you. But I’ve met a lot of people over the years who live far too tightly month to month than I would have the stomach to do. And it’s an unfortunate sad truth that even before COVID-19, most Americans were already only one paycheck away from a personal financial crisis. Now we find ourselves in the middle of a pandemic that is bringing the world economy to its knees as we try to protect the health of …

How I Bought The GYFG Family Electric Bikes With Free Money ($3,797.95 Worth)

Gen Y Finance Guy Smart Spending 7 Comments

My favorite price in the whole world is FREE. I remember in college my Economics professor tried convincing the class that there was no such thing as a free lunch and he even gave us an acronym to remember it – TINSTAAFL. I don’t remember that professor’s name but I remember his lesson clearly.  Today, I officially call bull$hit on this. In theory, this may make sense but in reality – where we all live – this couldn’t be further from the truth. I’ve personally enjoyed hundreds of free lunches over the years. Economic theory tells us you can’t get something for nothing. Lies!!! During my first five years out of college, I worked for an oil company and they …

Amazon Prime

I Confess: The Cost of My Love Affair

Gen Y Finance Guy Smart Spending 4 Comments

That’s right – I’m in love! I don’t know how I let this happen…it started out so innocently. Please don’t judge me before you read on. I think if you know the full story you will understand. I had no idea that it would last this long…I thought it was just a phase that I would eventually get bored with. But the complete opposite happened. It’s so intense that I don’t think I can ever stop. It just feels so right. It’s been ten years…and it’s no phase. My obsession and infatuation have only grown stronger. At the beginning, it was an infrequent kind of thing. Seriously, months could pass with no interaction. But my love of books kept bringing us …

Things to consider when buying a new car

[Guest Post] Top 5 Things to Consider Before Buying a New Car

Gen Y Finance Guy Smart Spending 16 Comments

I make decent money. And my wife makes decent money too. And yes we have a mortgage and kids and bills, but money isn’t really an issue for us on a month to month basis – we do OK. We aren’t rich by any means, but we’re definitely not poor. And despite this, I drive a 2003 Honda Civic with 190,000+ miles on it. The windows aren’t tinted. It’s a four cylinder with a CD player that never has CD’s in it (because who has CD’s anymore?).  The upholstery is coming apart or detached in a number of areas.  There are stains from the kids on the back seats and I don’t exactly volunteer to drive when we go to …

How I Blew $290 on Valentine’s Day With My Wife

Gen Y Finance Guy Smart Spending 28 Comments

First let me start by saying that my wife and I probably had one of the best Valentine’s Days we have ever had. I would even  say that it is up there with the time I created our own drive in movie, which is still my most memorable Valentine’s Day. It is so easy to get caught up in the consumerism of Valentine’s Day, which leads you to believe that it’s all about the “stuff” you give and the money you spend going out to some fancy restaurant. Over the past 10 Valentine’s Days that my wife and I have celebrated together, I have been guilty of falling into this trap myself. We have done the $300 dinners and the expensive gifts (usually …