Camp FIRE Finance
A personal finance community for those seeking FIRE, by those seeking FIRE
Arguably the foundation of all things personal finance is this very simple idea: save your money.
Nothing else is possible if you aren't able to do this one thing. If you can't save your money then you'll have no money to invest or to pay down debt.
So if this idea is the foundation FIRE and it's simple to understand, then why is it so difficult for so many to save your money?
Most people are unable to save because of two reasons:
Thankfully the solutions to both of these problems are also quite simple. If you don't earn enough money to save, then you need to find a way to make more money.
If you are spending so much of your money that there isn't enough left for you to save, then you need to cut back your spending and possibly deflate your lifestyle.
The answers are simple, but actually following through is much more complex. We get that and somewhere on this website is an article that most likely addresses the complex issues that you're facing.
Browse around this site and find that article the get started strengthening your financial foundation.
“You’re fired!” Words nobody wants to hear, but everyone needs to be prepared for.
The best time to get prepared for unemployment is while you’re gainfully employed. If you’re not financially prepared to lose your job today, then it’s time to make your budget great again!
[Read more…] about How to Financially Prepare for Unemployment
The Boy Scouts teach it. Religions preach it. Today I’m going to add my voice to the chorus: Get your crap together!
[Read more…] about How to Prepare for and Survive the Next Recession
Do you have a financial emergency plan? Many people have an emergency fund – but do you have a plan for how you’d handle your money in a financial emergency, like a sudden job loss, were to hit you?
A short and sweet post today about something that I’ve been thinking about recently. Is your side hustle holding you back financially?
I had visions of grandeur when I started my first blog in late 2015. At the time I’d been bitten hard by the early retirement bug and I wanted a way to share what I’d discovered. But these days I’m wondering if I’m not biting the hand that feeds me? I can’t help but wonder whether or not I’d be better off financially had I not stared this blog in the first place.
[Read more…] about Is Your Side Hustle Holding You Back Financially?
The US is in desperate need of a little Lifestyle Deflation. A recent financial study found that 74% of Americans felt ‘at least okay’ about their finances. That’s not too bad! But this is the exact same study that also found nearly half of all American’s couldn’t afford to cover a $400 emergency.
How can the majority of people in the US feel good about their finances, but nearly half couldn’t cover an unexpected $400 expense?
[Read more…] about Lifestyle Deflation is One Solution for Better Finances and a Happier Life