what could you do without in your life?

So this story is a bit on the extreme side, but it makes you wonder… How much stuff do we carry with us (or in our home) that we believe we “need” but really could do without?

I’ll try to keep this guy in mind when I decide to purchase that next video game or a cup of coffee from Starbucks… (yes I know, but it’s so good…)

Man lives on 20k Per Year


i’m cutting the cord, like for reals – how to cancel your cable subscription

Everyone loves watching TV. EVERYONE! It’s been estimated that the average person watches like 4 hours of TV while simultaneously spending 6 hours online and playing video games for another 8 hours EVERYDAY! (Don’t quote me on that. 67% of all statistics are made up anyway.) However, that much loved entertainment comes at a hefty price. And who enjoys paying $75-$300 per month for such wonderful service? NOBODY!!

Being a newlywed in our first home with a new puppy in the family, 2012 has been an expensive year. Expensive year + expensive bills = cutting the cord. I know, I know. What about football, baseball and basketball? What about DesperateRealHousewivesBachelorettePad-whatever-you-call-it? (Don’t judge, anyone who has met my wife knows there’s no getting around her affinity for trashy television…)

In our desperate attempt to remove this monthly expense from our personal income statement, I did a little research… I believe I have found the solution. This is not an all-in-one solution, but a combination of offerings to achieve a resemblance to what we were already getting. So here it goes…

  1. HDTV Antenna Receiver – RCA ANT800 – (plus cable splitter and coax cables) $79.65
  2. Netflix streaming subscription – $7.99 (I cannot express the amount of annoyance I would feel if I had to call that Qwikster)
  3. Hulu Plus – $7.99
  4. AppleTV – $99.00
  5. Optional – Upgrade internet service

Hulu Plus/NetFlix/ESPN3 are all apps on either the AppleTV or my gaming consoles*. So between those 3 alone, we cover most (if not all) of our preferred shows. But wait, you can’t watch them live! Oh yeah, that’s right. We never did anyway.

The only missing piece is the live sports (specifically the Dawgs, Braves, and Hawks). That is where the HDTV antenna comes into play. Oh you didn’t know there are antennas that attach to your house to get HD channels for free? Well, wham, bam, thank you ma’am because there is! I found this site was the best place to look to determine what antennas you need. There are different types for uban/rural, amplified, multi- or single directional etc. And if you’re unsure of the signal strength in your local area, go here to help determine which antenna fits your geographical needs. Based on where we live, we’ll get CBS, FOX, CW, NBC, ABC, PBS, and a few more channels with acronyms I’m unfamiliar with. Hello live sports.

Since a lot of the non-live shows/movies will be streaming via the internet, we will be switching from AT&T’s sub-par internet speeds to a Comcast data plan. Those telecomm companies don’t have the bandwidth that cable operators can offer. Luckily for us, we’ll be paying roughly the same price for FASTER speeds.

So, after some up front costs (antenna + parts and AppleTV if you don’t already own one like I do), our monthly bill has gone from $95 per month down to $16… For those of you who don’t want to reach for a calculator, that’s nearly $1,000 a year in savings. You’re welcome, now go invest it in an Roth IRA… or go buy a couple of these.

Now some of you sports fanatics may have some crazy, overpriced all-inclusive sports package. I’m sorry to say, there is no replacing those types of bundled packages. And yes, there will likely be a weekend or two when the Dawgs aren’t on my awesome new setup. That’s when I will either go to a local bar or pick a brother-in-law’s house to watch it. Worst case scenario, since I don’t care what my friends think, I will very rudely invite myself to their house. If I’m lucky, it’ll be the ultimate excuse to go watch the game in person. Win-win if you ask me.

If you give it a shot for yourself, please let me know how it goes. I’m interested to hear how this can be done for people with various circumstances. I plan on posting a follow-up mid football season for a progress update.

*Since I was born in the mid 80’s, I am not ashamed to say I was a gamer through college and I also own a couple gaming consoles that also have these apps.

the first step to creating a personal budget is also the most important…

I read a lot of articles about personal finance with titles like, “The top 5 Money Saving Tips”, or “Finance 101: How to create a budget” or “Stuck in a money crunch? Follow these 10 steps for a Personal budget”.

Most of the articles provide really great advice. They talk about what steps to take, strategies to implement and how to create goals for yourself. I think for the average person, it is really difficult to create and maintain a budget. Whether it is how they were raised or fear of numbers, most people are not comfortable managing their own money in a proactive manner. These sites really do seem helpful.

With all that being said, in my personal experience/opinion, there is one area that I believe is grossly overlooked in every self-help personal budget I come across. And that is summed up with one question. How do you know what direction you should be going if you don’t know where you are today? Stated differently, where do you spend your money today? The easy expenses are always the items we gravitate towards first. “Oh, my car note is $300, rent is $1000, cable/cell/internet is another $150…” and etc. Fair enough. I always believe the devil is in the details…

How much did you spend on groceries last year? What about restaurants (yes that daily Starbucks trip too)? Hmm, better yet, how about those annoying items like oil changes and new tires? Don’t forget about birthdays, holidays and gifts every year.

Pretty tricky to manage right?

This is no easy task. It’s the hardest part of budgeting but also the most critical. My advice is to accurately track every penny spent (at least) once every 3 months. At this granular level of “tracking”, it is not a matter of ensuring you capture all the dollars spent (although that is still very important); it is that you will actually start to correlate your decision making with their financial impacts. This is the best way to change spending behavior. Too often people do not connect their many small decisions with the impact on their overall financial picture. Doing this “tracking” helps connect the dots.

But guess what? I have not mentioned one word about planning. During this time of getting familiar with your current spending, DO NOT PLAN. Become accustomed to tracking where your money is being spent. Do nothing else. Crawl first, walk later. (Now of course, if you are filing for bankruptcy and the bank is foreclosing on your house, obviously this message is not meant for you. Sorry.)

The very first month I got serious about tracking my personal spending, I was utterly shocked at the amount of money I spent on food, video games, and well… crap. I was spending almost 1/3 of my paycheck on groceries and eating out. Do not get me wrong, I really enjoy food and drinks with friends in social settings. But wow, I never realized I dedicated so much of my money this way. But once I started tracking my spending, I could slowly start to see how my decisions (i.e. going out to pint night at Taco Mac every Thursday) were impacting my overall ability to save money.

You must know where you spend your money. Down to the damn penny. That sounds excessive, but with today’s tools you really have no excuse unless your personal mantra is “ignorance is bliss”. Balancing check books is lame even for a numbers lackey like myself. There are some awesome, free tools out there. Mint.com is one of the best free financial planning/consolidation tool out there. What Mint.com aims to do is consolidate all your financial accounts into one snapshot. (I’m a stickler about privacy and Mint.com passes the sniff test on that front as well. Otherwise, I would not use them.) They can pull transactions from your bank accounts, debit card, credit card and even loans and investments. They even go one step further and take a best guess on the nature of the transaction and put it in a category for you. So a credit card transaction to “Gas South” will automatically be marked as “Gas Bill” which is a sub-category under “Bills and Utilities”. These transactions all get labeled and consolidated into a pretty summary for you. (They do awesome budgets and goals too.)

BOOM!! Now you can be ashamed of all the naughty spending habits you always knew you had but were too afraid to confront. Give it some time and start tracking. Congratulations, you are now on your way to financial independence. If I can keep up on my goals for this year (which includes blogging consistently), I will be following up with some helpful next steps to a personal budget. Look out!


You may be thinking, “Well hey, you’re a financial analyst, no wonder this comes easy to you!”. This is partly true. My professional background and experience forces me to be more attuned to these things than the average person. But you are kidding yourself if you think professionals in the accounting and finance industry (myself included) do not have “money problems.” For example, I believe it is way more dangerous that I know exactly how much money I spend and I eventually become numb to those figures since I deal with large sums of money on a daily basis. I am still a normal dude (most of the time) compelled by the same desires as anyone else.

In case you do not know anything about me yet, I work with numbers on a daily basis. I analyze, budget, manipulate and streamline all sorts of data (I even do fun projects on the side like this one). Typically that involves pushing around Benjamin’s in a spreadsheet for the company I work for. So I try to read everything and anything dealing with finance that I can get my hands on (personal, banking whatever)

This does not by any means make me an expert on personal finance. As a matter of fact, let me go ahead and state this explicitly: you should not, by any means, ever take information I may, or may not, directly present in this blog post, or any blog post, as financial advice. I doubt my advice would bankrupt you; however if you do go bankrupt or have some ill-fortune, it’s your own fault. I am merely speaking from my own personal observations and experiences. And yes, I sound like an annoying brat who is trying to mitigate some imagined liability. Yes I am that guy. See you next time.