This is the twenty-eighth in a series of personal finance blogger interviews with fellow personal finance bloggers. Today’s guest is Sarah from the frugal millionaire blog.
I’m Sarah and I blog over at the frugal millionaire blog. I’m a wife and mom of two little girls, ages two and one. We just recently moved from Arizona to North Carolina and love it! We didn’t move for a job transfer, we moved here because this is where we want to live and raise our girls. My husband works for himself running a painting and handyman company and I stay home with our girls and am a freelance writer. We try to make the most out of each day and enjoy life to the fullest, all while saving money and working our way to millionaire status. I hope you’ll follow along for the ride!
Who is the frugal millionaire?
Sarah: My name is Sarah and I am the owner of the frugal millionaire blog. I’m frugal by nature and am sharing my journey of becoming a millionaire – from day one! You can read about how I’m getting started with investing, how my husband and I both work for ourselves, how we save money plus see all our income reports and goals for the month. I’m hoping to use my natural skills of being way to open to benefit the financial lives of others.
Why did you start your blog?
Sarah: I had been wanting to start a personal finance blog for well over a year and finally decided to go for it. I started this blog to share my journey, to make friends and meet other bloggers, to help others with their financial goals and to make money (not going to lie, I do hope to one day make money from this blog!).
What are your favorite Blogs?
Sarah: Where to start?! I love Brian’s, of course. Other favorites include Michelle of Making Sense of Cents, Cat of Budget Blonde, Natalie of The Finance Girl, Holly of Club Thrifty and J. Money of Budgets are Sexy.
When did you first become financially literate?
Sarah: I’ve always had a knack for saving money and keeping my credit score up, but I would say when I got pregnant with my first child is when I really buckled down and saved more, worked harder and got serious about my finances. It’s true what they say – having kids makes you grow up!
What was the last item you regretted purchasing?
Sarah: Hmmmm. I would have to say our SUV. As much as I love it, it was expensive and we’re stuck with a car payment every month. I know, major finance fail. Looking back, I would have shopped around more and NOT purchased the 2013 model.
If you died today, would your family be okay from a financial standpoint?
Sarah: Well, my husband is the main breadwinner so they would probably be OK. Our kids would have to be in daycare, though, which is a huge added expense.
What are you teaching (or will you teach) your kids about money?
Sarah: I have two daughters – ages 2 and 1. They will know that money is something you have to work for and not something that is handed to you. I want to teach them to be responsible with their money and teach them the dangers of credit card debt. Hopefully, they will see in how my husband and I live that money buys security, not happiness. If you’re smart with your money, you can always do what you love and not be trapped in a dead-end job.
What’s your dream job?
Sarah: To be a full-time writer and blogger. I’m doing that now but on a part-time basis. One day, I hope to grow my blog more, reach out to and help more people and continue to grow my freelance writing business.
What is your best financial advice? (write in question)
Sarah: It may sound cliché, but stay out of debt and live below your means. If you really want to live in a big house, sacrifice in other areas (drive older cars, spend less on food, take inexpensive vacations or none at all, etc.). If you really want to travel the world, live as simply as possible when you’re at home. Afford Anything says “you can afford anything, just not everything” and that’s the mantra I live by!