ALDI

A breathe of fresh air when it comes to grocery shopping

Jersey introduced us to ALDI. Well, not literally. A state did not verbally introduce us to a grocery store chain. Just the same, it was our stay in the Garden State which led us to discover one of the simplest grocery shopping experiences of all time.

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Wife and I were armed with a tight budget and a ridiculous drive to be debt-free. Specifically, we were doing our best to punch old Sallie Mae in the face. Well, not literally. Debt is not a physical entity which can be attacked with one’s fist.

Still, it meant cutting our lifestyle down to a minimum in order to throw every last penny at student loans. And that meant attacking every budget category with a scalpel — if not an axe!

Again, not literally.

And that meant cutting back the cost of groceries.

[ALDI enters heroically from stage left]

True or False: Renting is Throwing Your Money Away

Analyzing some of the worst home ownership advice out there

True or False: “Renting is throwing your money away.” You’ve heard it dozens of times, and now it’s time to analyze the truth of this statement. (Scroll down for the answer.)

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False.

There is nothing wrong with owning your own home. I will do so eventually. But only at the right time, for the right price, and with the right information.

When buying a home is done well, it is wise. When done poorly, home ownership is sad. It leaves the homeowners house poor, meaning they have very little cashflow for other responsibilities.

It bums me out to see people get the big house of their dreams only for it to become a a ball and chain, holding them back from more important goals. (This is also why I can’t be happy for people who buy a brand new car they can’t afford.)

I’ll even go as far as to say this: If you aren’t sure you are ready to buy a house, you should rent (cheaply) by default.

If you rent for a season, you can learn the area, save up for a big down payment, and fully understand the cost of home ownership.

Not sold? Keep reading.

Eat Like No One Else

Stretch your restaurant budget by eating simply

Eating out often while sticking to a tight budget is not as hard as it sounds. You’d be surprised how far you can stretch out the restaurant fund. To do it, though, you will need to change what and how you order.

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While getting out of debt, Wife and I were passionate about cutting our lifestyle. We saw each obstacle as a challenge. This time, the challenge was figuring out how to eat out as many times as we could on just fifty dollars a month.

Both of us agreed it was better to have more meals together than have one or two fancy dinners. Which encouraged us to find a few $7 meals at various food establishments.

The Great Pasta Surplus of 2010

How to have fun while getting out of debt

Wife and I were four months into Baby Step 2 — pay off your debts smallest to largest. We are fiercely competitive about ridiculous things — on the same team against the obstacle, of course. Finances were especially competitive. In January of 2010, we turned our attention to the cost of food.

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So, when we saw pasta was on sale for fifty cents a box, it was obvious we needed to get thirty boxes.

Yes, thirty. For a staggering fifteen dollars.

The pasta was just one of the many ways we made getting out of debt fun. Not to mention a marriage-strengthening exercise.

B.Y.O.D.

Enjoy casual meals with friends thanks to no hassle hosting

Having friends over for dinner can be stressful. You have to clean up the house, plan a fancy meal, and pick up dessert. You have to set the table with the fancy dishes and tablecloth. You will have guests for three to four hours and still have to clean up everything after they leave.

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Let’s make hosting simpler, more frequent, and less formal with B.Y.O.D. — Bring Your Own Dinner.

Formal dinner hosting like this can be overwhelming, which may explain why it doesn’t happen more often. We have convinced ourselves it has to be some big fancy event.

Forget that! The point is to enjoy everyone’s company; dinner is merely icing on the cake. There is no reason this can’t be a casual, once a week event.