Naked With Cash is the year-long series on Consumerism Commentary where seven readers’ households share their financial progress on a monthly basis. I’ve partnered with financial planners who will offer some guidance along the way. Read this introduction to learn more about the series. This month, the participants and experts will be discussing tax planning as part of their analyses.
SteveDH is retired, and he and his wife have two grown kids. By the time he retired in 2008, he had reached his retirement asset goal of $500,000. His goal now is to ensure his last as long as he does. Read his bio to learn more about SteveDH. SteveDH is on Team Roger, with Certified Financial Planner Roger Wohlner.
This is Insurance Month at Naked With Cash, so each participant has been encouraged to share details about their coverage, and the experts will provide their perspectives on the topic.
Keep reading to see his net worth report, updated for March 2013. For SteveDH’s progress over the past year, read his 2012 summary. Following the analysis from SteveDH, Roger Wohlner will offer his own thoughts and guidance from his planning perspective. Jacob Wade, a budgeting expert who publishes from iHeartBudgets, will also provide commentary.
Roger Wohlner, CFP appears courtesy of The Chicago Financial Planner.
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A few times a month, Lance from Money Life and More will stop by to share some of the best articles from across a variety of publications, including other blogs and mainstream media.
Life has been extremely busy for us over the last few weeks! I recently bought a house and had to write a huge check for it at closing. Well, at least it was huge for me. It is weird not seeing that big chunk of cash in my bank account but we still have our emergency fund intact.
We’re hoping that the new house won’t lead us down the path of the Diderot effect. Paula at Afford Anything explains that the Diderot effect very well, and luckily we haven’t fallen victim to it in a major way yet. I have a feeling we’ll be more susceptible down the road though so we’ll have to keep our guard up.
Len Penzo says you can call me almost anything but please don’t call me cheap. Have you ever done something and had someone call you cheap? Len explains the difference in his mind between cheap and frugal. Do you agree with his assessment?
Frugal Rules shared an awesome example of customer service. LL Bean is an awesome company with an awesome policy. Unfortunately you normally only hear about bad customer service stories on the internet so this was a nice change of pace. You can read more about what LL Bean did for her when she contacted them about her many year old worn out slippers. It is an awesome story.
Michael from Financial Ramblings offers a few tips for haggling, even for those who hate haggling. It’s a great way to save money here and there, and sometimes all you have to do is ask. Michael shares seven “magical” words that help get the haggling started.
Finally, J. Money at Budgets Are Sexy reminds us about the paradox of our time. I think everyone can relate to this poem. Take the time to read it. It’s short and helps us remind us what is important in life.
I hope you’ve enjoyed these posts from around the internet. Take some time this weekend and do something you’ve wanted to get done. There is no time like the present! Until next time…
Naked With Cash is the year-long series on Consumerism Commentary where seven readers’ households share their financial progress on a monthly basis. I’ve partnered with financial planners who will offer some guidance along the way. Read this introduction to learn more about the series. This month, the participants and experts will be discussing tax planning as part of their analyses.
Anonymous S is a 24-year-old engineer earning $67,000 a year plus bonus. He also builds websites on the side for an hourly fee of $20 to $35. Read his bio here. Anonymous S is on Team Roger, with Certified Financial Planner Roger Wohlner.
Last month, Anonymous S described his progress as of February 2013. You can also catch up on his net worth history through 2012 by reading his fist Naked With Cash monthly entry. Keep reading to see his net worth report for March 2013.
Following the analysis from Anonymous S., Roger Wohlner will offer his own thoughts and guidance. Following Roger’s feedback, Jacob Wade, budgeting expert and founder of iHeartBudgets, will provide additional commentary.
Roger Wohlner, CFP appears courtesy of The Chicago Financial Planner.
Read the full article →
Naked With Cash is the year-long series on Consumerism Commentary where seven readers’ households share their financial progress on a monthly basis. I’ve partnered with financial planners who will offer some guidance along the way. The participants and experts are discussing tax issues among their commentaries this month. Read this introduction to learn more about the series.
JW is thirty-one years old and a father of one with another one on the way within a month. He works in retail and is underemployed, and his wife and son are on state medical plans, and their income is supplemented by SNAP (food stamps). Read his bio for more information about his family’s situation.
His goal is to be able to provide for his family while still tithing 10% of his income to his church. JW is on Team Neal, with Certified Financial Planner Neal Frankle. For JW’s progress throughout 2012, read his summary from earlier this year. Today’s financial report describes his progress throughout March 2013, with comparisons from the two months leading up.
Keep reading for JW’s March update. JW’s own analysis and comments are followed by feedback from Neal Frankle and budgeting expert Jacob Wade, founder of iHeartBudgets.
Neal Frankle, CFP appears courtesy of Wealth Pilgrim and Wealth Resources Group.
Read the full article →
Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
