Welcome to the 88th Edition of the Carnival of Debt Reduction. If you are new here, I’m “NCN” which stands for No Credit Needed. My long-term personal finance goal is to live my life “No Credit Needed”. I’m trying to live my life without ever borrowing money! Before you read any further, take a second to subscribe to No Credit…
Category: Savings
Breaking Down A Goal Into Micro-Goals
I’m a big fan of creating personal finance goals. I like to create a goal and then break that goal down into manageable micro-goals. As an example, let’s say that I wanted to save $12,000 (a rather large sum of money) next year. My initial goal would look like this: In 2008 I will save $12,000. I don’t know about…
My Wife Could Retire In 20 Years! How Much Money Will We Have By Then?
My wife is a school teacher. She started teaching 10 years ago at the age of 22. In 20 years, at the age of 52, she will be eligible to retire. My wife contributes to a pension plan and will receive a monthly benefit. The amount of the monthly benefit will be determined by the amount she is paid during…