Supporting a family can be a daunting task that involves a high amount of stress when trying to stay on top of a number of expenses. Although it can feel overwhelming, there are several ways to get everything paid on time with ease. Create a budget A budget is the backbone for personal finances, working […]
How Moms Can Keep Their Budget On Track: 3 Good Tips
Managing and keeping a budget on track is not an easy task, especially when you think of the many other things busy moms need to also track. However, when you do manage your finances well, you keep your family as a whole on track as well. With everyone looking to find ways to not only […]
4 Surefire Ways for Students to Save More
Saving money is often a struggle for students. Being constantly dependent on your parents for financial help, you are required to manage your expenses. We get daily, weekly, or monthly allowances that we need to budget for our daily spending. Admittedly, it is hard for students to have a tight budget and save. With the […]
Budget 101: Track Your Expenses
A few months back, I stopped tracking my expenses. Well, really, that should have been okay, because frankly speaking, it wasn’t at all something I intended to do for the long haul. I thought I was already financially astute enough to manage my expenses without the help of a pen and paper. Well, to my […]
Budget 101: Assets vs. Liabilities
A fundamental skill to possess in order to lead a healthy financial life is to be able to spot the difference between assets and liabilities. Investopedia.com defines asset as “a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.” Conversely, it defines […]
Budget 101: Never Underestimate the Power of Small Beginnings
“Great things start from small beginnings.” I’ve heard that before, and you probably have, too. That actually is from a Milo jingle. And yes, there’s truth in that very line. In just about anything, the great started from the good, the good that was nurtured, painstakingly nourished to grow into something of considerable magnitude. Never […]
Budget 101: Stay Away From Bad Debt
In Budget 101: Pay Yourself First, we tackled how paying oneself first after receipt of every paycheck is tantamount to setting aside a specific percentage of one’s salary before expenses are taken into consideration. In Budget 101: Live Within Your Means, we defined means as income inclusive of savings, and in Budget 101: Learn To […]
Budget 101: Learn To Say No
In just about any situation a person would find himself in, where he would have to decide between now and then, today and tomorrow, this and that, “I’m sorry” is probably not as hard as saying “no.” A one-syllable word, a two-letter utterance, but many people have a heck of a time saying “no.” And […]
Budget 101: Live Within Your Means
Living within someone’s means is perhaps an argument that can only be resolved as soon as the term “means” is afforded a definition. “Means” may mean “income” to one person but can mean “income inclusive of savings” to another person.” For the purposes of discussion, we will be taking the second definition as our definition […]
Budget 101: Pay Yourself First
The washer is on, and the spinner is whirring. Since the kids are in school and I have the house all to myself, I thought to put on my thinking cap and start working on this post. But I’m betting I’ll be finished on this one before the sun comes out again, if at all. […]