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

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 after filing taxes. And according to the Motley Fool, the average tax refund is nearly $3,000.

Great, right? Well, not if you are paying down debt or investing.

Many people do not realize it, […]

By | April 18, 2017 6:30 am|Debt, Investing|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 LackingCents.com in February with the blog post “Our Financial Journey in a Nutshell.” This post captured three personal finance rules that I live by: budgeting, goal-setting, and evolving.

I discussed budgeting in depth in “Budgeting 101: Your Expenses Need An Overhaul,” capturing many of the budgeting categories our family tackled, and recommending ways to improve your finances. I talked about the importance […]

By | April 15, 2017 7:26 am|Family, Updates|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 due with our second child next month!)

My solution lately has been to buy a Red Bull at the small convenience store at work.  Not the brightest idea considering it costs $3.06 with tax for 8.4 […]

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

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 the author of several books, including The Total Money Makeover.  The show instills his Christian beliefs and a very very anti-debt message.  In fact, he is so anti-debt that some of his advice misses several basic financial perks that leave individuals better […]

By | April 5, 2017 7:15 am|Budgeting, Building Credit, Debt, Featured, Recommendations|21 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 websites that share free high-resolution photos and are licensed for use by anyone.  More on that in a moment, but first a little background about my photos and what I use to touch them up.

My Photos

In a previous life, I really […]

By | March 30, 2017 2:00 pm|Website Tips|1 Comment
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