Free financial advice through trolling

Today I received a “Personal retirement progress report,” courtesy of my company retirement accounts which are run by Fidelity. Because residency in general is all about feedback (and because I’ll take free financial advice whenever I can get it), I was understandably curious to know Fidelity’s thoughts on my current monetary state. Their assessment? Continue reading “Free financial advice through trolling”

My roommates won’t stop buying stuff, and it’s driving me bonkers

Preface: This post is mostly going to be a rant, because I feel a need to vent.

Ok, so. I live with a lovely couple: let’s call them Jack and Jill. These two are solidly middle class; although I don’t know specifics, I’d say they definitely make over 100k combined, and probably more toward the 130-140k range. They are financially savvy enough to realize that the basement in their house can be rented for additional income (that’s where I come in), but they are also so spendy that we have new things in the house like every. single. week. Recently, I feel like this spending has hit a fever pitch. In the past few months, we’ve acquired: Continue reading “My roommates won’t stop buying stuff, and it’s driving me bonkers”

Are we (all) a little obsessed with side hustles?

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The online news outlet Quartz recently published an article called “Millennials are obsessed with side hustles,” which detailed–you guessed it–how the younger generation is all about having a second gig because their day jobs are so unfulfilling, or underpaid, or both.

It got me thinking… what motivates my desire for a side hustle? Obviously, I want Continue reading “Are we (all) a little obsessed with side hustles?”

Buy-Nothing Month Week 1 Update: Bumps in the Road

“If you want to make God laugh, tell him your plans.” -Woody Allen

My month-long challenge of buying nothing had a bang-up opening week. For starters, I went to the dentist for what should have been a quick follow-up visit (I had oral surgery last month), only to be told I needed ANOTHER surgery within the next few weeks! And because I’ve already maxed out my dental benefits for the year, the cost will be completely out of pocket for me. Womp womp. Of course, I could refuse to have it done, but at this point, I’ve already invested 600-plus dollars (and a lot of recovery time and pain) in my teeth, and really don’t want to screw up my outcome just because I didn’t want to pay for this follow-up procedure (which would need to get done at some point in the future anyway). Additionally, I was informed that I will need to use a special toothpaste, which I got for the low, low cost of $17. Seventeen bucks! For toothpaste! Despite the pain it causes my frugal heart, I keep trying to remind myself that investing in my health NOW is much more cost-effective than paying the piper later for my sins of omission (and because I’d really like to avoid dentures if I can help it).

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In case you were wondering, this is what $17 toothpaste looks like.

Continue reading “Buy-Nothing Month Week 1 Update: Bumps in the Road”

Why residents suck at money management (and what it means for financial independence)

A recent Medscape article, “Top Financial Mistakes of Young Doctors,”  lists four major mistakes that young physicians tend to make. This article makes some really great points, and I think they warrant further discussion to really dissect why residents often suck at money management.

Mistake #1 is spending too much too soon. The article quotes the ever-helpful White Coat Investor, Dr. James Dahle, who mentions that residents tend to spend their future income before they even earn it. And what would lead such intelligent and highly-educated young people to do such a thing? The same things I’ve noticed in my own self, namely:

Continue reading “Why residents suck at money management (and what it means for financial independence)”

Challenge: Buy-Nothing Month!

Hey friends,

I am currently prepping for an upcoming project that I’m simultaneously excited and a little anxious about. It was inspired by the Frugalwoods’ Uber-Frugal Month — I’m aiming for EXTREME frugal by having a Buy-Nothing Month! Buy nothing, as in…

  • no coffee runs at the hospital
  • no going to Target just because I’m bored or think I might need something
  • DEFINITELY no shopping at the mall
  • no online shopping (Bath and Body works, get outta my inbox!)
  • no happy hours
  • no eating out
  • and worst of all… NO GROCERY STORE (by far my favorite place in the world–seriously… waaahhhhh)
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Farewell, dear friend…

First of all, let me say that I definitely could’ve made this a little easier on myself. Continue reading “Challenge: Buy-Nothing Month!”