Researchers have found that certain characteristics are common to those who are able to successfully build wealth over time. Let’s take a look at them and what they could mean for your personal finances.
A lot of people treat budgets like New Year’s resolutions. They are lofty and unrealistic goals with only an 8% chance of becoming reality. But that’s not how it’s supposed to be.
Budgets are supposed to be personalized money management tools that help you take control of your finances. If you don’t have a greater sense of control and empowerment, then your budget isn’t working.
If you don’t have the kind of budget I’m talking about, then you really need one. Follow this link to learn how to make a budget that serves as a GPS and not a jail cell. Once you’ve got your GPS budget going, here are a few simple ways to make budgeting easy and effective:
It seems that in the media, Millennials are constantly getting a bad rap. They are lazy, entitled whiners living in their parents’ basements and sipping expensive coffee.
But we all know Millennials who are nothing like that. Like my son’s kindergarten teacher who spends all day shaping the hearts and minds of 20 little high-energy, snotty-nosed humans, then goes home to take care of her baby and husband (all while pregnant).
Sometimes the only way to reconcile our own experiences with what we hear in the media is with cold, hard facts. This is a money blog, so today we’re going to talk about money. Are Millennials really worse with money than everyone else? Or is that just something that old people say to feel better about themselves?
Budget. It’s amazing how one simple word can elicit so many strong feelings. Bondage, boredom, failure. Restrictive, tedious, controlling. A lot of people only have negative connotations when they think of budgeting, because of what they have heard and experienced.
If you think of a budget as an 8 ½ x 11 (or digital) jail cell, I’m sorry. You’ve been mistaught and abused. It’s not supposed to be that way.
Summer is just around the corner, and for many of us, that means vacations! Vacations by nature tend to be a time of indulgence, and it’s all too easy to let it go too far. A 2015 study found that 49% of vacationers accumulated credit card debt when traveling and 68% go over budget.
Your vacation memories won’t be as sweet if you’re still paying the bill four months later. Are the stress and money fights really worth several days of irresponsibility? I don’t think so. But I do want you to have a fun vacation. Here are a few ways you can have a great vacation without sabotaging your finances:
At the rate they grow, a kids’ clothing budget can get way out of control. It doesn’t have to, though. Here are three ways to clothe your kids without going broke.
This is the story of a real life couple and the simple changes that they made in their financial life that transformed their marriage and family.
Having a baby comes with a lot of responsibility and a long to-do list. Here are the things you should do legally and financially to set yourself up for success once your little one arrives.
Most suggestions for cutting back on expenses also drastically cut back on your lifestyle, like giving up restaurants and new clothes. Is it possible to reduce your expenses without altering your lifestyle? Yes, it is. And it’s a lot easier than you think.
If your finances aren’t where you want them, it’s usually due to procrastination, overspending, or ignorance. Here’s how to combat each of those to take control of your money once and for all.