9 Money Hacks That Took Us From The Poorhouse To The Penthouse
9 Money Hacks That Took Us From The Poorhouse To The Penthouse
By Mad Money Monster
You might not believe it, but not too long ago (think: a few years) we weren’t prioritizing our finances at all. In fact, not only were we not prioritizing our finances, we were spending money like we had an unlimited supply. Going out to eat a few times a week, spending whenever we felt like it, and dropping $150/month on cable was the norm.
That all changed when we nearly committed financial suicide by buying a house we couldn’t comfortably afford. After pulling our heads out of our butts, we decided we needed a financial reboot. So that’s exactly what we did. Here are 9 money hacks we adopted that are changing the course of our financial future!
1. Tracking Our Net Worth
Tracking our net worth was something we never did before committing to frugality and financial independence. Much to our surprise, tracking our net worth has been our single biggest motivator on this journey.
Whether you’re paying down debt or investing, your net worth will go up. This is especially motivating if your efforts are concentrated on debt repayment and you feel like you’re not making any progress.
In case you’re interested, we use Personal Capital to track our net worth. Not only is it easy to use, it’s also free. We like free.
2. Ditching The Gym
I ditched the gym for outdoor running and YouTube videos. And I must say, I have not been disappointed. It’s amazing how many free options there are on YouTube to stay fit.
I’ve been using high-intensity videos to cover cardio and strength training since we’ve been experiencing subzero temperatures in the northeast lately. Whatever you’re interested, YouTube has it.
3. Having Our Groceries Delivered
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