Eliminate Collision Auto Insurance – Boost the Budget!

Eliminate collision auto insurance - boost the budget!

  So I did something crazy last week… I was having a conversation with our insurance agent and just went off on a tangent about collision auto insurance. “What do we save to eliminate it?” I asked him.   “Well, Mike. If you don’t have collision coverage, and you get into an accident, you’ll have to pay 100% of the repair costs…”   Continue reading below to see why that above statement, although true, didn’t phase me in the least. Because I went ahead and eliminated collision auto insurance for both of our vehicles… Then I had to think of a bullet-proof pitch to sell Monica on the idea. Here’s that pitch:     Let’s start with discussing the benefits of collision auto insurance. This should be pretty straightforward: If you wreck your car and you are at fault, collision coverage will pay for the cost of your vehicle repairs after […]

Continue Reading

When you Accidentally Pay the Mortgage Twice in December

“…But if you paid the mortgage twice, we’d be out of money in our checking account…?” Was Monica’s inquisitive statement.   “Exactly.” – My response     Let me briefly set the “I double paid the mortgage” table here…   We’re in the heart of December now. Christmas gifts, travel plans, party preparations, and a whole heap of other activities were on the mind (and the budget). Add that to the regular bills and responsibilities… I’m probably preaching to the choir here – we’re all busy, right? ’Tis the season!   I’m crying a bit to write this, but our student loan and mortgage payments only differ by a few cents. We take advantage of the automatic withdrawal functions for both but a recent refinancing of the student loans (blog post to follow next year) was done through a new lender, and hence a new website.   The combination of a hectic season […]

Continue Reading

Can you Have Healthy Teeth without Spending a Fortune at the Dentist?

Can you Have Healthy Teeth without Spending a Fortune at the Dentist? #budget #saving #spendingless #dentalvisit #healthyteeth

I’m either the worst businessman in the world… Or there’s some other explanation why the CEO of a dental practice would be writing an entire post detailing how you can strategically and systematically save BIG money at the dentist’s office – and still have healthy teeth.   I’ll let you decide.   But as someone who runs a dental practice that prides itself on taking care of people (both customers and our staff), I saw a great opportunity here.   Our goal is to have the happiest and healthiest patients around… And last I checked, patients tend to be happier with both healthy teeth and a healthy pocketbook after visiting our office.   So, today I’m pulling back the curtain and giving you the cold hard truth about what you can do to save money at the dentist’s while maintaining your healthy teeth   The good news – you can […]

Continue Reading

How to Host a Killer Holiday Party Without Going Broke

How to Host a Killer Holiday Party Without Going Broke #Holidayparty #budget #fun #family #thrifty

Hosting the annual holiday party is serious business. And with so many factors at play, it’s not difficult to send your friends and family away thinking, “Well, we’re not doing that again next year…” So here we’re going to cover the ins and outs of how to host a killer holiday party – without going broke!   (Photo courtsey of Randy Monfredi)   But first, a MikedUp Blog original:     As I unlaced my shoes and took a long deep breath, I quickly reviewed our entire battle plan in my head. Where were we exposed, did I plan for all potential contingencies, and what could come up during the conflict that I hadn’t previously expected? So many questions running through my mind and only a single white door separated the present from the future…   On one side of this door stood me – inside of my garage (…that probably […]

Continue Reading

Shout-out: 10 Steps To Success For New Investors

Shout-out: 10 Steps to Success for New Investors

Hello all!   Our Saturday morning shout-outs highlight a post/article/book/other that I’ve come across lately that deserves exactly that: a ‘shout-out.’ The goal here is to hopefully introduce my readers to other authors or bloggers that have had an impact on me, my writing, and my life.   (Photo courtesy of Kevin Newton)   This week’s shout-out is: 10 Steps To Success For New Investors via Personal Finance For Beginners   Click here to check out the post!   I love this post… And that’s partially because of who it comes from. It’s hosted by Personal Finance For Beginners (a great blogger friend of mine), but it was written by Fred of Money With a Purpose. Fred is a financial planner with 30 years of experience, and every one of those years shines through in this post. He’s not just some guy behind a keyboard… He’s been helping families of all […]

Continue Reading

Sit down and make a budget (financial pillar #3)

Check out the complete list of Financial Pillars Here   If you have tried to save money, spend less, improve credit, or build wealth at some point in the past, chances are you’ve heard that making a budget is a huge step in achieving your goal. If you’re anything like the previous version of me (I’ll call him splurgy Mike), then chances are you read the words about making a budget, they proceeded through your eyes, reached your brain, and were immediately disregarded. “I’ll just watch my spending and the money will save itself up eventually. I don’t need a budget…”   Flat. Out. Wrong.   Does a surgeon cut into someone’s chest and think, “A little patch here, stint there, maybe some stitching in this region, then this heart should basically heal itself?” No. They have a detailed plan. A football coach makes a game plan each week (topical […]

Continue Reading

These two are on track to pay off $89,000 in student loans in 15 months – and they didn’t win the lottery

  …Noah Syndergaard (Pitcher for the New York Mets) is standing on the mound and staring intently at his catcher’s movements. He seems satisfied as he stands tall and mean mugs the runner on second. It’s the bottom of the 9th and that guy represents the tying run. He cannot advance. Syndergaard winds and delivers…   “Was it a strike?” Jon’s mind searches for the answer as he is roused from the dream by something gently poking his cheek. He realizes the dream is gone as consciousness overcomes him.   Now it feels like there are a few tiny sticks prodding his cheek so he swings and grabs. Nothing bothering his face but now it’s in his hand. Jon opens his eyes to find… a Boxelder bug (a stink bug). Not cool man. He sits up and sees them all over his room. He’s living with 6 other guys and initially chalks […]

Continue Reading

The spending freeze – jump start your budget

  You’ve seen the medical dramas on TV… We’re in the emergency room with tall, dark, and handsome doctors and nondescript nurses all crowded around a motionless victim. Loud noises tell us the heart rate is flat-lining and we’re short on time. “Get me a crash cart, now!!” Said crash cart arrives a split second later – almost like it was part of the script – and as the doc grabs the paddles and rubs them together he yells, “Clear!” The electric current lifts this victim up off the table and then leaves, slamming the body back to the gurney. This is touch-and-go, and we’re on the edge of our seats because we honestly don’t know if these breaths may be this guy’s last… Cut to commercial. “Let H&R Block he…”   Let’s pretend you are the doctor in this scenario and I’ll ask you a question. Have you ever […]

Continue Reading

10 Financial musts before age 20 (4 of 5)

This is the fourth of five posts (in our Financial Must series) where we’re aiming to provide you with a tremendous foundation to achieve your financial goals. We will be posting 1 more list next Friday (April 1). We have the previous six Musts listed below to remind you what we’ve covered. If you’d like to read about those in detail, check out Must Post 1, Must Post 2, or Must Post 3. Thanks for reading! 1) Find a way to earn an income and do it at an early age. 2) Set goals for yourself financially, and make sure at least one is attainable in the short term. 3) Open a checking account. 4) Get a credit card with a low limit. 5) Do not put anything on that credit card if you don’t have the money for it in the bank. 6) Start an investment savings plan. … 7) Live frugally and save […]

Continue Reading