Browse Month: December 2017

Update: Chase Freedom Announces 5% Cash Back Categories for Q1 18

Financial IndependenceEarlier this year, I wrote about our decision to sign up for the Chase Freedom credit card.

So far it has been a Smart Financial Decision for our family.

We haven’t changed our spending habits to take advantage of the 5% cash back rewards Chase Freedom offers on rotating categories every quarter. But we have reaped the benefits of switching normal spending from our Fidelity Rewards card, which offers 2% cash back on everything, to our Chase Freedom card when we can earn 5% on purchases we would have made anyways. Chase Freedom offers 1% cash back on purchases that aren’t in the specific spending categories eligible for 5% cash back, so we still use our Fidelity Rewards card for most of our spending.

Since we started using the Chase Freedom card in the spring, our family has received almost $290 in sign up bonuses and cash back! Continue Reading

Smart Financial Decisions: Saving Hundreds of Dollars an Hour Making Phone Calls

Financial IndependenceIn today’s edition of Smart Financial Decisions, we’re writing about a simple, but incredibly effective, way to save significant amounts of money.

And almost all of us can find ways to use this skill.

It’s called picking up your phone and making a phone call.

As I’ve gotten more serious about pursuing financial independence and early retirement, I’ve used this skill more and more often.

This year alone I’ve made several phone calls that have saved the ROMT family well over $1,000.

Not a bad return for a couple of hours of “work”!

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Solar Energy Update: Our First Withdrawal From The Bank

Solar Power
ROMT Solar Production (YTD 2017)

As the days got shorter this fall, the amount of power produced by our home solar energy system has been decreasing.

This isn’t surprising – it’s simply a matter of science!

That said, the drop off has been dramatic. Our solar production for November was half of what we produced in October, and less than 30% of what we produced in August, which was our peak month so far.

With the days still getting shorter for another week and a half, science says that our power production for December will be even lower!

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Dumb Financial Decisions: Buying A Home That Is Too Big

Dumb Financial DecisionsEarlier this year, I wrote about our Smart Financial Decision to pay off our mortgage.

Today I’m once again writing about our home, but this time, we’ll be revisiting a Dumb Financial Decision.

Quite simply, when we bought our home six years ago, we purchased a larger house than we really needed.

And the financial ramifications of that decision continue to negatively impact our personal finances every day. Continue Reading

Great Games to Teach Children About Money and Personal Finance (and Math!)

Personal Finance GamesAs we head into the holiday season, many are looking for gift ideas for the children in their lives.

Today I’m going to share some great games we have played with our children, and in some cases also played while growing up. In my opinion, each of these games help teach important lessons about money and personal finance. In their own way, these games have helped shape the financial decisions – both smart and dumb – I have made, and continue to make, in real life on my path towards financial independence and early retirement.

Plus, each of these games is a lot of fun to play!

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