WInning To Wealth - Earn, Save, And Invest More Money

Save Money On These Hidden Costs When Leaving A Job

Job changes are practically inevitable for the majority of folks looking to land a substantial raise.

In 2018, I made a job change that led to a 45% salary increase for me after only getting a 3% raise from my employer earlier in the year.

And I’m not alone. Data from the Atlanta Fed Wage Growth Tracker shows that the average employee who switches jobs will have more potential for wage growth than the employee who stays with an employer long-term.

However, changing jobs at the wrong time without doing your due diligence could cause you to lose a substantial amount of money that offsets any salary increase. You have to be wise and look at a potential change from all angles. (Unless the situation you’re in is toxic and affecting your mental health. Just get out at that point.)

Here are some potential costs you need to be aware of if you’re considering a job change:

Our 2018 Financial Recap

Coming into 2018 we knew it would be a big year for us. I mean, Taylor was pregnant so there was that, but it just had this feel like something big was gonna happen.

Like all of the work we’ve been putting in over the last few years was about to pay off. And while we fell short on a few of our goals, we hit the key ones which was exciting.

I’m pretty sure we’re both in agreement that it was the best year of our life together as a married couple.

Why We Don’t Use Cash Envelopes

So if you’ve been on a few other personal finance blogs, you may have noticed that a lot of folks use cash envelopes to track their spending and stay on course with their budget.

For those who don’t know, the cash envelope system is when you allocate a certain amount to spend for a particular category, pull that amount out in cash, stuff it in an envelope, and only use the cash for purchases.

The purpose of the cash envelope system is to help you get your spending under control by limiting how much you can spend in certain areas.

For example, you create a spending plan and determine that you’ll only spend $100 at restaurants this month. You then go withdraw $100 from the bank and only use that money when you’re out to eat.

Once the cash is gone, you’re done spending.

Let’s be clear, I don’t have a problem with the system. I actually think it’s a fantastic system, and, if it works for you then great. It’s just not for us. Here’s why:

13 Items People Buy That Are A Waste of Money

It can be so easy to get caught in the moment and buy a bunch of stuff you don’t need.

These purchases can be fueled by a struggle to tell ourselves and others no or even a struggle to keep up a false image of success.

At the end of the day, we’re still responsible for the choices we make.

We’ve all made purchases we aren’t proud of no matter how big or small, however, there are just some purchases that tend to sting a little more that others.

Here are a few of the worst buys you can make.

13 Personal Finance Rules You Need To Start Following

I’ll be honest: my skills in the area of personal finance were terrible until I was about 25 years old.

I’m not ashamed to admit that I learned best practices by failing and then learning from my mistakes.

But see that’s the beauty of personal finance: it’s never too late to start turning things around.

Just over the last 4 years, we’ve gone from living paycheck to paycheck to having a 6 figure net worth.

How? By learning as much as I possibly could about how to handle money… and now it’s my turn to share some of my most valuable lessons with you.

How To Get Your Spouse On Board With Your Financial Plan

If you’re reading this, that means something has already clicked for you.

Maybe it was a debt collector calling, or a growing frustration over a lack of money, or even just fear of the future. I dont know what it is for you, but what I do know is you’re tired of not winning with money.

And that’s a great place to be. That’s one of the first steps we teach in the Winning To Wealth Course.

But then there’s your spouse. To you it makes perfect sense to get on a budget, pay off debt, and begin to build wealth, but, for whatever reason, they just haven’t bought in.

I’ve been there.

8 Simple Ways To Multiply Your Net Worth

Your net worth is the value of what you own minus whatever you owe.

When Taylor and I got married in October of 2014, we had over $61,000 worth of debt and only a few thousand dollars saved.

This meant that our net worth was negative.

Thankfully, we both agreed to a smaller wedding and didn’t take on any additional debt for it, however, the car payments and credit card bills we already had were keeping us from thriving financially.

Now here we are 3.5 years later and our net worth has grown by more than $150k and we’re on track to being completely financially independent in our early 40’s.

Here’s how we went from one emergency away from being financially devastated to being on track to walking away from our careers for good.

Father’s Day Gift Ideas That He’ll Love

Since I’m a first-time Dad this year, I decided to give you all a list of things that I personally think other Dads would find useful and awesome.

Two facts about me when it comes to gift-giving:

I always buy at the last minute.
I don’t like to spend a ton of money.

Now let’s be clear on something: If you’re looking for one of those super cool blog posts that shows you how to make all the crafty, amazing stuff with $7 worth of supplies this is probably not what you’re looking for.

I’m not a crafty type of guy myself. I’m a “hit Amazon just in time for a Prime delivery” kind of guy so guess what this list is full of….awesome gifts you can find on Amazon (or other online marketplaces) that won’t leave you broke and frustrated.

Basically it’s the list I wish I could have had while buying for my own father all these years.

How We Save Money On Food Every Single Week

For the longest time, Taylor and I struggled to control food spending. Actually, to be brutally honest, we sucked at managing this area of our budget. It felt nearly impossible for us to save money in this area.

As a matter of fact, the first month we created a budget, we realized that we had spent more on food than we had spent more on food than we had on rent the previous month.

Since that time, we’ve managed to cut our food spending back to only 5% of our budget using these few tips.

9 Keto Recipes That Save Time & Money

I really don’t like wasting time or money.

A big part of why I don’t like going to the grocery store is because I usually find some kind of way to pull off both in under 30 minutes.

Then factor in having to actually cook the food and it created a nightmare. I would either hate the cooking part or just not cook at all and go grab something quick and unhealthy.

This is a pretty vicious cycle of doing the two things I absolutely hate doing: wasting time and wasting money.

That’s why I decided to put together a post on some awesome keto recipes that will save you both time and money.

How To Get Caught Up On Bills When You’re Behind

How To Create A Budget That You’ll Stick To

How We Paid Off $61,000 Worth of Debt In 16 Months

money management course

Watch Videos

Read Our Story