Friday Night Highlights Vol. 10

Friday Night Highlights

Welcome to this weeks edition of the Friday Night Highlights, where I scour the personal finance blogging world to bring you interesting articles you may have missed.

Did you miss Volume 9 of the Friday Night Highlights? Not to worry, click here to catch up. Is your pet deductible? Is delayed gratification really a lost art? Is being a frugal weirdo a financial advantage? Three questions answered on lasts week’s Friday Night Highlights.

Friday Night Highlighs

This week we have three articles that I brought together for your reading pleasure

  • Frugal Asian Finance is up first with her story of paying off her mortgage and living a totally debt free life. One day she pays $15,000 towards her mortgage and then something happens.
  • If you are looking to start the new year with a clean financial slate, I have found the article for you. PF Geeks provides us with a simple 5 step process to begin a Zero Based Budget.
  • The era of working at one job your whole life is over, for most people. When each job you leave has a 401(k) you can end up with orphaned 401(k)’s. The Luxe Strategist slow walks us through the steps of evaluating what to do with that old account. The answer is more complicated than you think.

We Just Put $15,000 Towards Our Mortgage Principal. And This Is What Happened

If you have progressed through the steps toward a debt-free life, you eventually reach a point where you have some extra money in hand. Now you have to decide what is the best return on investment, investing or paying down your mortgage debt.

In the personal finance space, there is a never-ending debate on the best course of action between paying off a mortgage or investing in the stock market. I wrote my own post on this same topic, 4612 Days Until Mortgage Freedom.

Frugal Asian Finance gives us an inside look into her experience of paying off $15,000 of mortgage principal with one click of the mouse. Was it a mistake? Read the article →

 

Zero Based Budgeting: The Ultimate Guide to Win with Money

zero based budgeting

We all have our strengths and weaknesses, budgeting is definitely not one of my strengths. Sure, I wrote about our first food budget in this article, Budget Smudget: Our First Food Budget. Although that food budget helped us keep our food spending to less than $600 per month for 2 months, it eventually was abandoned, returning to our old ways.

When PF Geeks published The Ultimate Guide To Zero-Based Budgets, I paid attention. He outlines a simple 5 step process for creating your first zero-based budget. From start to finish, you will learn everything you need to know about starting the new year with a budget.

Do you have variable income or consistent income? A zero-based budget is perfect for one of these incomes. You will have to read the article to find out if your style of income will work with the zero-based budget. Read the article to find out more. →

ASK LUXE: WHAT DO I DO WITH MY OLD 401K (WHEN MY NEW PLAN SUCKS)?

THE LUXE STRATEGIST

If you have never heard of The Luxe Strategist you are missing out. She blogs about the intersection of fashion and finance. Two topics that might seem like polar opposites but Luxe Strategists pulls it off beautifully.

She is piloting a new series called, Ask Luxe? Her first post in the series takes a look at a seemingly simple question that most people will face at some point in their working career. Luxe addresses the question, “What do I do with an old 401(k)?” The response is so thorough, you would have thought it came from a $300 per hour financial planner.

Marriage status, income, and tax brackets. These are all variables that can complicate what to do with orphaned 401(k)’s. Knowing the right answer can save you a bucket of money. So take a slow walk with The Luxe Strategist and learn what she would do. Read the article →

Thank you for reading the Friday Night Highlights. Please sign up in the form above to get a sneak peek at next Tuesday’s article. You won’t want to miss my Christmas Morning Post.  Have a great weekend!

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