Lacking Cents 2017-04-21T09:43:23+00:00

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

The journey started with me, a single guy with debt and no financial sense fresh out of college.  I made many financial mistakes — renting an apartment I could not afford, leasing a fancy new car, and never stopping to write down an actual budget to eliminate my debt.

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.  We paid off $50K of student loans, started investing, and changed our whole mindset about personal finance.

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

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Featured Posts

4 Ways Dave Ramsey’s Baby Steps Miss the Mark

Since you're reading a blog about personal finance, there's a good chance you have heard of Dave Ramsey and maybe even follow some of his financial advice. Much of it is very helpful, simple advice that working adults managing their own finances should know. If you are not familiar with Dave Ramsey, he hosts a syndicated radio show on personal finance and is [...]

By | April 5, 2017 7:15 am|Categories: Budgeting, Building Credit, Debt, Featured, Recommendations|Tags: , , , |12 Comments

An Emergency Fund is Essential For Our Family

Job loss. Unexpected illness or injury.  Theft. When my family first decided to open an emergency fund, it was to protect ourselves against these major unexpected financial expenses.  While that continues to be a reason we maintain an emergency fund, it is the smaller unexpected expenses that make this account essential to us. As I outlined in a separate article, we learned to better understand our [...]

By | March 21, 2017 7:08 am|Categories: Budgeting, Featured|Tags: , |6 Comments

How We Paid Off Over $50K in Student Loans A Decade Early

Ok fellow Millennials.  Let's talk student loan debt.  I can sense the cringing already.  But hey, you clicked on this article you must be somewhat okay talking about it. First let's throw out some common talking points -- some objective and others more subjective.  Student loan debt is crushing young people in the U.S. to the tune of $1.3 [...]

By | March 1, 2017 7:30 am|Categories: Debt, Featured|Tags: , , |0 Comments

Latest Posts

Why Large Tax Refunds Are Not As Great As They Seem

Tax season can be nerve wracking and tedious for some. Those without a company withholding income taxes throughout the year need to make quarterly tax payments to the IRS, while others who haven't planned well may not have prepared for the tax burden come April. But for approximately 70% of U.S. taxpayers, a refund check is on its way shortly [...]

By | April 18, 2017 6:30 am|Categories: Debt, Investing|Tags: , , , |0 Comments

Recap and What’s Ahead After Six Weeks

Happy weekend everyone! Lacking Cents is ten blog posts old, and I figured now was a good time to stop and recap the first 6 weeks, describe some of our experiences, and tell you about what's ahead. I launched in February with the blog post "Our Financial Journey in a Nutshell." This post captured three personal finance rules that [...]

By | April 15, 2017 7:26 am|Categories: Family, Updates|Tags: |1 Comment

Red Thunder Energy Drink: Aldi’s Inexpensive Solution to Red Bull

While browsing the aisles of my local Aldi on a recent grocery shopping trip, I passed through the soda aisle.  My family does not drink much soda aside from my wife's occasional root beer.  But lately at work I have been struggling to get through the afternoon without a major shot of caffeine (not so good considering my wife is [...]

By | April 12, 2017 7:15 am|Categories: Saving Cents|Tags: , , |0 Comments

All About the Featured Images On Our Blog

Occasionally I receive compliments on the featured images that I share with each Lacking Cents article.  Some also have questions about them.  Are they yours?  Are you a photographer?  How can I add professional looking photos to my blog posts? I can't take all the credit.  While some of the pictures were taken with my own camera, about half of the featured images come from [...]

By | March 30, 2017 2:00 pm|Categories: Website Tips|Tags: |0 Comments
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