Welcome to 80/20 Your Finances where we will focus on the big things in your personal financial life! Why worry about a bunch of little things when you can worry about a few big things?
Most personal financial advice starts with cutting small costs in your everyday life. Here, we flip that advice on its head! It won't work for everyone but it has for me. No, I'm not to my ultimate goal yet, but I've made some great progress. I want to share what has worked for me. Start the journey to financial independence!
Latest Posts from 80/20 Your Finances
Private mortgage insurance, or PMI, is a nasty little drain on your personal finances. If you are paying for it, you need to get rid of PMI now! Even though “insurance” is in the name, this monthly fee is not there to protect you if something bad happens. It is only there to protect the […]Continue reading
Rent or own? That is the million dollar question. Conventional wisdom is that you should own a home. For many families, it is the primary method of wealth building. You pay your mortgage every month and after 30 years, barring any re-financing, you own it outright. No more monthly housing payments! Each month along the […]Continue reading
Probably the largest expense that you face is housing. Your primary residence is often the largest single purchase for most people. If we can change the largest cost, how quick can you reach your personal financial goals? A lot faster than if we saved the daily latte, right? So working from the 80/20 rule, we […]Continue reading