Home > Author Archives: Kayla Sloan (page 18)

Author Archives: Kayla Sloan

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

Financial Pros and Cons of Small Town Living

Like Kim, I too live in a small town. A few years ago she discussed some of the reasons why she and her family live in a small town, as well as some of the downsides of small town living. Honestly, I think it’s my favorite post of all time from Eyes on the Dollar because I knew exactly what she was talking about in her post. You see, I live in a small town of 7,000 and although I’ve thought about moving at different times over the past few months since I quit my job to pursue self employment, there are a lot of reasons that I keep coming back to small town living as the best option for me. Of course not all of the aspects of small town living vs big city living have to do with finances, but many of them do. If you have ever found yourself contemplating moving to a small town to get away from the big city, or vice versa, check out these financial pros and cons of small town living. Financial Pros of Small Town Living Small town living saves time. One of my favorite things about small town living is ...

Read More »

5 Things You Shouldn’t Be a Cheapskate About

I’m all for saving money. In fact, cutting my budget and spending is the first thing I did so I could start putting more money toward debt each month. Of course, I quickly learned that I needed help on the other side of the equation too, thus I started a side hustle that eventually lead me to full-time self employment. But that’s something I’ve talked about already. As much as I cut my budget, there are still something I knew I couldn’t be a cheapskate about. There are times that being a cheapskate ends up backfiring and actually costing you more money in the long run due to the low quality of cheap products and services. In my opinion, it’s best to find a balance between quality and quantity of what you choose to buy. That said, here 5 things you shouldn’t be cheapskate about if you really want to save money. Healthcare Last weekend I started getting sick. That’s why I missed putting my post up on the blog last Monday. As I lay in bed moaning about the pressure in my head from my allergies and a sinus infection, I realized that not having sick leave and still ...

Read More »

5 Tips to Prevent Tax Identity Theft

It’s March, the days are flying by, and already we are over one sixth of the way through the year. For those who don’t already know, the income tax return deadline for this year is the eighteenth of April, and estimates show it is expected that over 240 million tax returns will be filed. Of those, approximately 20% could be fraudulently filed using someone else’s information. Sound a little scary? It should. But there are ways to prevent you from becoming one of the victims. Here are five tips to help you prevent tax identity theft from happening to you. 1 Shred Your documents Before you throw away any personal or household documents, including invoices and tax returns, stop. Instead of trashing it, shred it. If you don’t own a shredder, you can invest in one for a reasonable price, usually around $35.00, at any discount store. It’s worth the investment and a small price to pay compared to the high cost of cleaning up your credit after you’ve been targeted by a thief. However, if you can’t afford to buy a shredder, maybe you could simply use scissors to cut up those identifying documents, if you don’t have too ...

Read More »

3 Reasons I’m Trying to be More of a Minimalist

A few months ago, Kim told you about how she finally came to the realization that she’s always had too many clothes. Like her, I have been realizing more and more lately that not only do I have too many clothes, I just have way too much “stuff” in general. “Stuff” has always been a bit of struggle for me and honestly, I think it’s a struggle for most Americans, even if they don’t always realize it. Last night I was looking for something to watch on Netflix while I ate my supper and relaxed before bed. I’m kind of a closet reality TV junkie, especially when it comes to shows from HGTV. I don’t really like the trashy stuff like “Keeping up with the Kardashians” but now that my secret’s out, I’ll admit that if I have the time (which is rare these days thanks to self-employment) I can sit down and watch an entire season of “Love it or List it” or some other HGTV “reality” show. Of course I know that most of these shows aren’t really 100% reality. I’m not crazy after all. 🙂 But I still enjoy them. I thought I’d exhausted the entire list ...

Read More »

Considering Self Employment? Here’s What You Need to Know

self employment

Last week I introduced myself and told you a little bit about me, including why I decided to quit my job and become self employed even though I still had a lot of debt and little in savings. It was a risky move to be sure. But in the comments a reader named George told me that he made an even riskier move (in my opinion) by quitting his job without an exact plan or any revenue coming in. He also asked some follow up questions about my decision to become self employed. Here’s what he said: Similar to you, I quit my job to pursue my own business about a year ago. However I quit before I had any revenue coming in. There are times when I wonder if I left too early. I’d love to hear your thoughts on how people can evaluate what the right time is to leave the full-time job. How did you know when it was right for you? Was it when you had enough side income to cover your daily expenses? Were there other non-monetary factors? Would you quit without an idea of what you want to pursue (like people who travel the world while ...

Read More »