Although you may be in a season where you’re spending more money than usual, now is actually a great time to craft your financial plan for next year. If you want to successfully achieve your financial goals, write out your financial plan now. If you’re an entrepreneur you’ve hopefully been in this mode for quite a while with your business, but did you remember to do this with your personal…
Saving money can be difficult as you’re usually putting money away for an intangible item, out of sight out of mind problem, for a future occurrence that may never happen. Maybe you make a general statement such as I’m going to start saving because it’s important. This is not motivating enough to consistently save money. You may save for a week or two, but then you’re going to fall off. …
As the mornings get progressively cooler, we know that fall is coming and the holiday season will be coming close on its heels. Many of us are prone to overspending during the holiday season, 36 percent of individuals overspend during the holidays by 5 – 30%. Wow. Now, is a good time to start saving up if you haven’t started already. If you’ve been following the recommendations and have…
I STRONGLY dislike moving. I moved every year in college and was happy when I moved into a real apartment. However, I inevitably needed to move again. I’d been at the last place for several years and you know how that goes…I accumulated way more stuff than I realized. Now I had to contend with moving furniture, piles of books and papers, and so much other stuff. I didn’t care…
The time for college drop offs and last summer vacations is fast approaching. It can be very tempting and seem almost unavoidable to spend a lot of money on the travel, accommodations or eating when visiting a different city or place. However, instead of thinking of it as the last large expense of the summer and unavoidable or a reason to go all out, let’s talk about how you can…
Here in the U.S., summer is quickly coming to a close. Many great things happen around this time, one of which is Tax Free Weekend. Tax Free Weekend is when the government gives it’s hard working taxpayers a break on necessary items and eliminates sales taxes for a weekend. The first sales tax free weekend was in New York state in 1997. This is done to promote shopping or consumerism…
Money management requires some discipline. Personal finance is 80% behavior and 20% knowledge, so that behavior needs to include some discipline about spending, saving and tracking your money. This normally includes developing a touch of frugality. Don’t immediately think miserly ways, think ability to make sound economic decisions about money. Think luxury in frugal living, spending more on the things that are important to you and less on the things…
Everyone needs an emergency fund. The money you save for a rainy day or unexpected expenses is your emergency fund. Say the windshield cracks, you have the money. No one wants to be in the middle of an emergency and not be able to access their money. A completed emergency fund is usually 6 – 12 months worth of bills. Your completed fund is dependent on your risk tolerance…
No matter your age you hear about 401(k)s and IRAs, retirement investment accounts. You hear over and over that you need to be ready for retirement. You need to know your nest egg number. You need to save and invest now so that you’ll be comfortable later. You’ve probably seen the charts that show if you contribute steadily starting in your twenties, you will be a millionaire by the time…
Dave Ramsey is known for stating that you shouldn’t borrow money, at all. If you can’t make the purchase with the income or cash you have then you can’t make the purchase. However, in our society, using credit is not just common it’s ingrained. Credit is used to make large purchases such as cars, houses, large appliances for the home or business, loans for education etc. I remember not…
