One year ago today, my Grandpa George died. He was awesome, and one of my heroes. I know he's with Jesus now, and I know I'll get to see him again one day, but today seems like a great day to reflect on all the ways he influenced me, and continues to influence me.
I'll focus mostly on the financial lessons he taught me, but he was much more than a financial mentor to me. He was one of my heroes. I admired his faith, the way he cared for my grandma when she got sick, the way he took risks, built the community around him, and saw the best in everyone. I hope someday I can be like Grandpa George.
Okay, without further ado, the financial lessons Grandpa George taught me.
I'm what you would call an eager, but skeptical stock market investor. After a brief foray into individual stock investing seven years ago, I decided that researching companies was boring, and that I had better things to do with my time.
Through a series of comical attempts to try and understand the markets, I determined that a well diversified portfolio of broad-based, low cost funds (of the indexed variety) made the most sense for me.
I stuck with that philosophy whole-heartedly for about six weeks until I saw something shocking on Twitter. USA today recommended index fund investing.
Now, I don't know how to say this without sounding like a complete and utter snob, so I'll just go ahead and say it. Following the advice offered in a tweet by USA today seems like a dumb idea. Even if I started following the advice before it was offered by USA today, and even if I could site several academic articles (which I actually read) that reach a similar conclusion.
So, I had to decide. Would I follow USA today's advice, or would I keep looking? I decided to stick with the status quo, but keep looking to see if I found something better.
I just spent $175 at the grocery store. Okay, that's not entirely accurate. I spent $141.77 at Aldi and $34.65 at Walmart.
So in truth, I spent more than $175, but I bought groceries.
I didn't stock up on much of anything, and my average grocery bill is around $90 per week. So how on God's green earth did I spend so much money on food?
The answer: I made all the grocery shopping mistakes.
I'll dissect each one, with wit and self deprecating humor. Enjoy!
One of my favorite bloggers calls herself Prudence Debtfree. I mostly like her because she's basically a frugal version of my mom (my mom used to be frugal, but not so much anymore).
Anyways, two years ago, she wrote a post about 7 reasons she kept her gym membership even though she was paying off debt. At the time, I didn't have a gym membership, and I couldn't justify having one because the drive was too far (I was working full time). Since then, I've quit full time work, and I got myself a gym membership. Meanwhile, Ruth has gone 180 on me and quit her gym.
Since I think this is an amusing reversal of fortunes, I'm going to give my seven reasons for having a gym membership right now, even though my income is lower than it was when I first commented that I don't need a gym membership.
I'm a wife, a mom, an employee, and a personal finance nerd who is devoted to spreadsheeting my way through life.