So exactly how do frugal weirdos manage their money? I get this question a lot and it makes me realize that, despite the fact that this is ostensibly a “personal finance” blog, I don’t discuss the precise machinations of my personal money management system very often. And the reason for that is quite straightforward: Mr. Frugalwoods and I don’t actually do very much in service of “managing” our money. There’s a misconception that in order to be smart about your money, you must be constantly fiddling or adjusting or otherwise doing something with it. False, I tell you.
To the contrary, I find that the less we poke at our money, the better off it–and we–are. A lot of folks tell me they don’t have the time to handle their money and so they think they should hire a professional. False again. It takes precious little financial acumen, and even less time, to successfully manage the average family’s finances.
Continue reading Our Low Cost, No Fuss, DIY Money Management System at Frugalwoods.