Our Big Fat Wallet has been nominated for a Liebster Award!
In case you didn’t know, a Liebster Award is given to new blogs from other blogs.
This site was nominated by Financial Diffraction, a great site run by Alicia. She is a scientist who blogs about paying back her debt. If you like cats, this site should be on your favorites – she has several and writes about them often. Here are the questions related to the award (and my own answers)….
Q1: Why did you start blogging? Has it turned out to be what you expected?
I started blogging for a few reasons. The first reason was that I wanted to hold myself accountable to my actions.
I also started because I really like interacting with others about money topics. I don’t talk openly about money with my colleagues and friends so it’s a chance for me to talk about money – and I love talking about all things money-related.
Finally, I started this site to inspire others to take control of their own financial situation. I have personally seen others who were not responsible with their money and almost went broke (some actually did).
Ideally I’d be able to prove to others that handling your own finances doesn’t have to be complicated. It can be simple (and fun).
Starting the site has been a huge learning curve and it’s been way more work than I expected. But in the end the interactions with the readers makes it worthwhile.
Q2: What has been your favorite blog post you have written so far?
My favorite is likely the post on Costco (Costco: 11 Things You Didn’t Know).
I wrote it after watching a documentary about Costco which I found fascinating. I love shopping there and I think it brings a different experience than other stores.
It was fun to write because the facts are so interesting and many people didn’t know them.
The post has taken on a life of its own. It has been mentioned in the Globe & Mail as well as Huffington Post, which led to a sharp spike in traffic and has greatly increased the readership of the blog.
Q3: How did you decide on the name of your blog?
The name of the blog relates to a joke from when I was in school doing my undergrad. I lived in residence with a group of other guys (which was a lot of fun) and we would go out occasionally on weekends for dinner, drinks, etc.
When it came time to pay more often than not I would have a coupon for whatever establishment we were at. In fact, I carried several coupons in my wallet (I still do).
Some of them joked that my wallet was fat because of all the coupons I had. And the funny thing is that sometimes it actually does look bigger because of the coupons in it.
I still do carry coupons in my wallet and rarely carry any cash.
Q4: Sum up your life in 6 words or less.
Active. Fulfilling. Fun. Frugal
Q5: Earliest money memory? If you would like to share.
My earliest money memory came when I started receiving allowance, probably around 7 or 8 years old. There was a new toy I really wanted at the toy store but I didn’t have enough money to buy it. I remember pleading with my parents to buy it. I told them I would give them my allowance money (which wasn’t enough) and they could use their money to cover the difference. They said no and never gave in. I had to continue saving my allowance until I had enough money.
It was a great lesson in saving, but at the time I wasn’t too happy with them.
Since this site has been nominated, I now have the task to nominate other sites for the award.
Here are some sites worth checking out:
Urban Departures – this is a husband and wife team that lives in the big city with their little one. Emily is a city girl and Daniel is a small town guy. They love to travel the world and dream of an early retirement. They recently travelled to Brazil – a very interesting read. Click here to check it out.
Debt Debs – Debs is a 50-something wife, mother and new grandmother. She made some bad financial decisions and racked up $235,000 of consumer debt and is now in the process of paying it all off. Click here to check it out.
Object Wealth – this blog is run by Christa – a 30-something single mom of 3 from Florida. Christa has 8 years of college under her belt and studied biomedical sciences/pharmacy. Her post-secondary education was costly, and she racked up $200,000 in student loan and credit card debt. In the future she plans to cut expenses, increase her income and invest for the future. Click here to check it out.
Wealth Way Online – this site isn’t new but it’s still worth checking out. Christine is originally from New Zealand and has now become location-independent. She travels the world, blogs about her income and serves as an inspiration to others. She also takes some really cool pictures from all her travels. Click here to check it out.
Making Sense of Cents – Michelle is a newly-married blogger from St. Louis. She writes about leaving her day job to work full time on her online business and so far the transition has paid off immensely for her. Her site focuses on extra income, travel, career and wedding. This site isn’t new but it’s still great! Click here to check it out.
Money We Have – Barry Choi writes about budget travel and personal finance. He is self taught and handles his own investments. His day job is a Director for CityNews in Toronto. His writings explain that despite what the big banks say, we’re not richer than we think. Click here to check it out.
Tawcan – the author here is an early 30’s happily married dad who lives in BC and works in the high tech field. The site is great and focuses mainly on earning passive income and being frugal. I could be biased though because we seem to have a lot in common – we are both frugal, both from Western Canada and both into dividend investing. Check out this site for more perspective from a fellow dividend investor. Click here to check it out.
For those of you who have been nominated……
(1) Why did you start blogging? Has it turned out to be what you expected?
(2) What has been your favorite blog post you have written so far?
(3) How did you decide on the name of your blog?
(4) Sum up your life in 6 words or less.
(5) Earliest money memory? (If you would like to share)