By Gary Weiner @ Super Saving Tips
Every year, Thanksgiving gives us a wonderful opportunity to sit around the table and celebrate with our family and friends by sharing the many things we have to be thankful about. It may be the fact that we can simply gather together and share the love or that we have our health or a roof over our heads and food on the table. There is always something to be thankful for! I hope for all of us it’s not just a day off from work or another day to watch football or shop for a bargain, even though for many people that may be how they spend part of the holiday. I hope it’s much more than that for you.
Having said that, I thought today on the eve before the eve before (at least here in the US), I’d look at Thanksgiving from a slightly different angle:
What was the single best financial decision or action this year for which I am most grateful? (click to tweet)
I gave it some serious thought. Saving over $600 this year on home and auto insurance was a big boost to my budget, but I think the action I’m most thankful for is the decision to invest in myself and this blog. In September I attended my first FinCon and got the opportunity to connect with hundreds of other PF bloggers and professionals while learning so much about both personal finance and successful blogging. A great combination of inspiration and how-to, I’d highly recommend it. It’s also a wonderful reminder that sometimes it makes sense to spend money in order to save or earn more.
And now, after asking my fellow PF bloggers and financial advisors that very same question, here is what they shared:
“Increased finance freelance writing. It’s a great income stream and I love it! Oh, I also boosted principal payments on our mortgage so it’ll be paid off in 10 year.”
– Barbara Friedberg, Barbara Friedberg Personal Finance
“I’m grateful I’ve stepped up my side hustles! My goal is to earn $10K in side income before next year’s FinCon. And the extra money will help fund a future home renovation.”
– Kate Dore, Cashville Skyline
“I’m so grateful I started freezer cooking and got our grocery budget under control! That has saved us thousands this year in groceries over last year and helped us eat healthier.”
– Rosemarie Groner, The Busy Budgeter
“I opened an SEP and an HSA and significantly increased contributions to my retirement accounts this year.”
– Teresa Mears, Living on the Cheap
“I’m grateful that I’ve started spending on help with projects that will both improve my business and free up my time to focus on things I can do myself.”
– Jackie Beck, The Debt Myth
“I’m grateful I finally followed my heart and quit my job to focus on my blog and business. It’s already changed my perspective.”
– Grayson Bell, Debt Roundup
“I am grateful I quit my career as a lawyer and transitioned into a career as a financial planner and blogger. I am so much happier.”
– Natalie Bacon, The Finance Girl
“We cut cable this year. $125 a month down to just $40 for Internet only. Thankfully, we can’t watch the Housewives anymore.”
– Scott Alan Turner, Scott Alan Turner
“I’m grateful that I paid off all of my credit card debt and have remained credit card debt free!”
– Liz Stapleton, Friday Night Shenanigans
“I’m grateful for opening up a SEP IRA account where I can contribute up to 25% of my income. Shields a lot more from taxes than my traditional IRA did. For self employed individuals with fewer than 100 employees, check out the SIMPLE IRA which is similar. Even if you’re only making a little on the side from your side-hustle, take advantage of your options.”
– Joseph Hogue, Peer Finance 101
“I’m grateful for stepping up my game as an author. I enjoy sharing stories and inspiring others while at the same time building up a catalog of books on my experience and expertise as a real estate investor.”
– Rachel Hernandez, Mobile Home Gurl
“I am grateful for having the opportunity to buy houses 6, 7 and 8. I also am excited to have launched my first ebook and discover the world of freelancing.”
– Elizabeth Colegrove, The Reluctant Landlord
“I used the $50 bonus for opening a new custodial account with Capital One to open accounts for all 6 of my kids. There was no minimum, but it was nice getting $50 x 6 = $300 just like that. They were able to give input on what stocks to invest in for a portion of their accounts through Sharebuilder, too. I had always wanted to do it, so having that little bonus helped get it off my to-do-list.”
– Linsey Knerl, 1099 – Mom
“I got serious about student loans and actually made a plan to pay it off in 3 years. I reviewed the terms of my loans and created a plan that worked for me instead of buying into the 10 year repayment plan the lender made for me.”
– Jaymee Sison, Smart Woman
“I started freelance writing, a step towards creating a new income stream and diversifying my personal brand.”
– Valerie Rind, Valerie Rind
“Facing failure. We’ve just wrapped up a settlement on a property attached to a biz we had to close. This year we were forced to address the fallout, no longer able to avoid it. Avoiding issues doesn’t make them go away. Working with the right professionals (in our case an attorney) allows you to understand options fully vs. conjecture and assuming the worst. Our result was much better and cheaper than I anticipated. Super thankful for amicable resolutions to weighty problems this year!”
– Toni Perrien Husbands, Debt Free Divas
“I started making big asks in 2015. Instead of limiting myself to asking for 10 or 20 percent pay increases, I started adding zeros. Rethinking the value of my work in this way has allowed me to scale my business in a meaningful way while giving me the flexibility to pursue bigger projects that align with my ultimate goals.”
– Stefanie O’Connell, The Broke and Beautiful Life
Thank you all so much for sharing your thoughts and financial ideas. I am so glad to be able to say congratulations and keep up the good work on all your financial goals.
Here’s hoping that everyone will have a great Thanksgiving in all of the most important ways and that we will have much to be grateful for in the coming year.
So now it’s your turn: what are you financially thankful for?
About Gary Weiner @ Super Saving Tips
Over the last 45 years I've worked in retail (department stores and supermarkets) and financial planning. In addition, I am a shopper, born and bred, who enjoys the challenges of finding the best items for the best prices. When I'm not busy saving money or blogging over at Super Saving Tips, I enjoy baseball, music, and classic movies. I am retired and live in New Jersey with my wife.