Lacking Cents 2017-07-11T11:45:09+00:00

Lacking Cents is the financial journey of Millennials that learned that lacking money does not have to mean lacking personal finance sense.

When my wife and I were married, we combined our student and auto loan debts into one massive, negative net worth. We discovered that our financial goals were not matching up with reality, and completely changed how we manage our money just in time to welcome our two children into the world. We started investing, paid off $50K of student loans, and changed our whole mindset about personal finance.

Join us for the ride as we discover the importance of budgeting, emergency funds, setting financial goals, and finding big and small ways to save money everyday.

View the complete list of our blog posts here or visit our recommendations page for some of our most trusted financial resources.

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Featured Posts

Latest Posts

How I Paid Off $25k in Student Debt in Under 15 Months

I am excited to welcome a fellow blogger, Jacob of Dollar Diligence, to the blog today.  Jacob has an inspiring personal finance story to tell about how he managed to quickly get out of debt thanks to hard work, sacrifice…and a little help from relatives.

His story should inspire all of us that we can take control of our own financial situations if we develop a goal and stick to a plan in order to reach it.

Without further introduction, here is Jacob!

Today I want to share with you my extreme debt-payoff story and how it has changed my […]

By | September 12, 2017 7:15 am|Budgeting, Debt, Guest Post|2 Comments

Repairing Credit History To Avoid Loan Refusals

Our next guest post comes from Dan Miller of with some perspective on credit scores and how to avoid loan refusals. I have stated several times myself how important building good credit is, and Dan dives into ways to fix and maintain good credit.

Dan is from the greater Sydney area, born and raised in Liverpool, Sydney. After high school, he went to the Sydney University where he received his master’s degree in banking and finances. He worked as a payments officer for nearly ten years in banking and international payments in the Australian banking sector. His hobbies […]

By | June 21, 2017 6:15 am|Guest Post|2 Comments

Saving vs Investing For Your Retirement

I am off on paternity leave for a little while as my wife and I welcome our baby boy into the world. Since I receive many inquiries about guest posts, this seemed like the best time to finally share some of our readers’ work. If you are interested in guest posting on Lacking Cents, you can read our guidelines and submit your proposed topic here.

Our first guest post comes from Andrew Altman from Andrew’s goal with Slick Bucks is to help folks learn to manage money cleverly, and how that clever management can make you wealthier. He has […]

By | June 5, 2017 6:15 am|Guest Post|2 Comments

Betterment: Where We Invest Money for Non-Retirement Goals

Not long ago, my wife and I were buried in five-figures worth of student loan debt and no investment savings outside of small 401K balances.  Investing seemed silly at the time because any extra money we came across could simply go toward exhausting the student loans earlier.  But in 2014, my wife became pregnant with our daughter and our priorities shifted.

We still had about $14,000 left on our student loans, but the interest rate was only 2.5%.  We decided to invest before paying off all our non-mortgage debt.  The move wasn’t as risky as it sounds — we adjusted our spending habits […]

By | May 18, 2017 6:30 am|Investing, Recommendations|0 Comments

The $50,000 Starbucks Latte Habit

Do you ever think that, since it’s “only” $4 for a Starbucks latte, you’re not really throwing your money away?  I mean, $4 for a cup of coffee is nothing compared to your brand new $30,000 car.  Or $50,000 in student loan debt.  Or your $250,000 mortgage.  Right?  What’s another $4?

In the example I am about to share, a $4 Starbucks latte habit over the next decade costs your future self over $50,000.

Before you get your calculator and tell me I am wrong, follow along and I will show you.  This […]

By | May 8, 2017 5:45 am|Budgeting, Featured, Recommendations, Saving Cents|6 Comments
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