Posts filed under: Personal Finance

  • Review of the Ego Power+
This past week has been a bit expensive at The Grounded Engineer household. We purchased some furniture so we can actually use our basement. I also made a fresh purchase – a new, battery-powered lawn mower. In this week’s post, I’ll explain how we use Mint to budget for our new house expenses, and I......
  • how much money should you have by
The Millionaire Next Door is one of the most influential personal finance books I’ve read. This book is written by Thomas J. Stanley and William D. Danko, who wrote the book in 1996. Dr. Stanley conducted interviews with millionaires between 1982 and 1996 to understand the wealth building traits these people possess. The main traits......
  • farmhouse table
My wife and I have been in our house for a little over two months now. We set aside some money for things that we needed in the new house: washer, dryer, and dishwasher to name a few. The appliances in our house we replaced were pretty disgusting.  I could have looked for some deals......
  • financial wellness score
On my blog, I often discuss budgeting, saving and debt elimination. I don’t talk about how to protect you and your family that often, although I’ve written a few posts on life insurance. One popular post aboutlife insurance is my $12,000 money mistake with permanent life insurance. However, I don’t spend much time writing about......
  • budgeting
Our budget continues to be an iterative process. As much as I like stability, there are still expenses I forgot I need to add in our budget to account for and they disrupt my budget! In March, I needed new tires for my car and our car insurance was due. Also, our food budget, which......
  • student debt
Students graduating college in 2016 are averaging just over $37,000 in student debt. The average starting salary for an engineer out of school is just over $62,000 – just over $66,000 for my fellow Electrical Engineers. The starting salary is up quite a bit for Electrical Engineers, about $10,000, from when I graduated college (2010.) In......
  • millennial money minutes
I wrote a post back in February that tackled the question: should I pay off my house or invest? One of my favorite podcasts is Millennial Money Minutes. I shot them a tweet a few weeks back and they answered my question on their podcast last week. I listen to Scott Alan Turner’s podcast every week......
  • health savings account
**This post is updated from a previous post for 2017 IRS limits** What is a health savings account (HSA)? A health savings account is a tax-exempt account to pay or reimburse certain medical expenses. I contribute to a health savings account because my employer only offers a high-deductible-health plan (HDHP), and this plan offers significant......
  • early retirement
Today’s post will review some information I learned from the personal finance community regarding early retirement. Many folks use the acronym financial independence retire early (FIRE). How early are some of these folks planning to retire? I’ll share a few stories of bloggers I enjoy following, and then I will share if FIRE is possible. Finally,......
  • pay off my house
At the start of the year, I set goals for my blog in 2017. If you didn’t get a chance to read my post you can read it here. Before I provide a recap of my original goals, I want to share a new goal I set – pay off my house in 8 years.......