Watching wedding expenses add up can be frustrating, particularly if you are on a budget in the first place (like me!). Many couples are accruing huge amounts of debt to put on an enormous wedding, charging the maximum on credit cards and even taking out loans to pay for the occasion. This does not have to happen, though.
This post will walk you through the steps to leverage your emergency fund to make more money…. Everyone’s definition of an emergency is different. But, if you want it to be of some use to you, you need to have a strict definition of an emergency. Your emergency fund should put more dollars into your pocket once it has been well established. Here is how:
Jesse has done a fantastic job of creating a beautiful user interface that is intuitive and effective. After the issues I experienced with Mvelopes, YNAB was the perfect antidote. Like I mentioned before I really liked the “system” that Mvelopes created, and had I not had interface issues I would still be using them.
I must admit I don’t think much about Social Security as a retirement option these days. How could I when most financial advisors and experts tell you to plan around it and don’t depend on it because it won’t be there by the time you retire (unless you’re close to retirement). Personally, I focus on contributing to my company’s 401(k), my Roth IRA and traditional IRA as the best sources of retirment income. ..
In case you don’t know or need a refresher, cash envelope budgeting involves using envelopes to manage money. An envelope is created for each of your budget categories such as food, clothes, entertainment, transportation, etc. After you receive a paycheck you fund each individual envelope (or budget category) the cash allotted to it for the month…
Running a financial blog I hear about all the most popular budgeting tools out there (YNAB and Mvelopes) all the time, so while my ING system of budgeting was free, I knew that using some dedicated software could make our budgeting easier and probably more effective as well. So, two months ago we decided to test out Mvelopes to see how we like it…
These are about 15 of the best personal finance software options… Which is your favorite?
Why after every Christmas are most people looking at huge credit card bills wondering, “Where did all that money go?” It is no different than any other area of our lives, if we don’t have a leash on it – it will be out of our control. Think of your money like your neighbor’s dog
Over 15 free budgeting tools… Some of these budgeting tools are online applications, some are downloadable software, some are for Windows, some are for Mac and Linux, some of them may have lots of bells and whistles, and some may be overly simplified. I suggest you dig through and see if what works for your budget. Every person is different, therefore every budget will be different. It may take some time to find what fits you best, but it is out there and if it isn’t create it and let me know about it!
Make a better budget! These are my ten tips to build and keep a better budget.
For some reason the word “budget” has an interesting effect on most people causing them to cringe in pain more than the thought of going to the dentist. It really shouldn’t be as painful as people make it seem. If done correctly, it should give you MORE freedom to get what you want. If you think of a budget as a plan “that takes away all the fun” or eliminates your ability to get things you want, then you are doing it wrong.
This article explains how I organize my bank accounts…If there is one thing that I have learned about personal finances, it is that nothing is one-size-fits-all. There are different tools, methods, products, and investments that work for different people at different phases of their lives. My system that I am currently using to manage my accounts and cashflow, did not work for me 5 years ago, but…
Want to know how to budget? Well, ING Direct is my favorite budget tool. Here are the steps how I budget with ING Direct. You could probably use this same technique at other banks, but I will show you why it is more beneficial at ING Direct.
Expenses rise to meet income. This is the gist of Parkinson’s law. This is the reason that a couple months after most people get a raise, it feels just as tight financially as it did before the raise.
It seems that many Americans think the defining indicator of financial security is your lack of concern for waste. You can see it all over our culture with movie stars spending $30,000 on a designer handbag to carry their dogs in, or in the rock-n-roll lifestyle where music videos clearly portray the idea that,”money is no object,” often times in a competition of who can have the most gold chains or throw the most cash in the air.
These are my 4 simple tips to stick with a budget… Eliminate temptations – Recovering alcoholics should not hang out in bars. The temptation is too strong, it is just foolish. The same applies to someone who is trying to break the habit of overspending, you should not hang out at the mall, Home Depot, or wherever you get tempted.