The Rich dad

Now who wouldn't want to have one, so check this out. I stumbled across this website and ended up spending there hours.. The Rich Dad has a Power Pack that requires registration, but is absolutely free (no affiliate marketing here). And it really is worth registering for. There are a lot of good advise and what I especially loved are the tools for figuring out your finances. I literally spent hours there figuring out where I am and what I should be doing.
The man behind is Robert T. Kiyosaki. Well, actually according their biographs, there's a huge team of experts at The Rich Dad Company. But according to the Robert's biography, it all started from the bestseller Rich Dad Poor Dad, a personal finance book. Check it out, and please leave a comment!

“The poor and the middle class
work for money. The rich have
their money work for them.”

- The Rich Dad -

How to get out of debt - focus on the small things

When you owe a lot or you have a goal to purchase something big, it might seem overwhelming. But small amounts accumulate in to big amounts over time. So think about the little purchases and bad habits that you have and calculate what it amounts over time. Here is a table showing how the little becomes big over time.

A day	Week	Month	6 months	Year	5 years	10 years	20 years
0,1	0,7	3	18	36,5	182,5	365	730
0,5	3,5	15	90	182,5	912,5	1825	3650
1	7	30	180	365	1825	3650	7300
2	14	60	360	730	3650	7300	14600
3	21	90	540	1095	5475	10950	21900
4	28	120	720	1460	7300	14600	29200
5	35	150	900	1825	9125	18250	36500
10	70	300	1800	3650	18250	36500	73000
20	140	600	3600	7300	36500	73000	146000

This is also useful if you are thinking about getting extra income. It doesn't necessarily need to be a lot you're making if you are using it all for your debt payments or savings, or furthermore investing if you have no debt.

You can also calculate it another way. Let's say you're looking to save a 1000. How much would you need to save per day to accumulate the amount in a week, a month, several months or a year.

A day	A week	A month	2 months	3 months	4 months	5 months	6 months	9 months	A year (360 d)
1000	142,86	33,33	16,66	11,11	8,33	6,66	5,55	3,7	2,77

These calculations are made on the assumption there's no interest on the savings (or debt).

Breaking bad spending habits

I have been doing some research on my spending habits and figuring out what I should do to save and here's a couple of things I've decided to start with.

Shopping for food
I've used to just stop by a grocery shop anytime I need something. I might only need milk, but when I go to the store I never leave with just the milk. So the cost of the milk for me is way more than it actually is.. I also throw away food because they get bad. I might have five different cheese because I'm not sure if I have any and I by it just in case.. So I am learning to plan my grocery shopping ahead. I make a list of what to buy and I only go shopping two or three times a week. Some people go to the store only once a week, but because I live alone and my schedule can change a lot in short time, it's better for me not to stock on groceries for more than the next couple of days.
And I never used to take the receipt with me, but I am now forcing myself to actually look how much I've spend and what did I get for the money spend. Very educational indeed..

Bigger purchases
I don't go buying straight away anything that I really don't need right here and right now. Meaning that if run out of gas, I need to buy gas right now, right? But if my blender breaks down, I really don't need to buy new one, at least not right away. Instead I will sleep on it a few nights or few weeks and really think wether or not I actually need one, and do I need it now, and how much I am willing to pay for one etc. And if my coffee maker breaks I don't go buying a new one right away but I take my time to compare brands and prices and I look for any discounts. I am using coffee for example because fresh coffee is something I NEED to have in the morning in order to get my day started, but really, I can get by with instant coffee for a few days to save potentially a lot of money and avoid buying something I might regret.