The debt snowball has been touted as one of the most effective ways for people to pay off debt. Here’s how it works, and some pros and cons
Jumpstart Your Economy: Doing Your First Budget
What Is A Budget? First things first. What is a budget? A budget is basically a written plan where you decide where each and every dollar will go in the coming month. You figure out how much income you’ll have, and how much you’ll need to spend for necessities. The difference between the two […]
Have Some Fun This Weekend Without Spending A Lot Of Money
One thing my wife and I have been doing lately is to try spending less on entertainment and “fun money” than we have in the past. We know if we want to get ahead we need to cut down on those miscellaneous entertainment dollars. Cutting down on those dollars doesn’t mean we can’t have any […]
A Bad Plan Is Better Than No Plan At All
For the better part of a year I’ve been blogging about frugality and finances. As a side-benefit of blogging about money, we’ve ended up paying pretty close attention to our family budget. Because of our planning and attention to detail we’re doing pretty well now. But it hasn’t always been that way. A couple of […]
Motivate Yourself By Setting Goals And Rewarding Yourself When You Meet Them
My wife and I have been seriously paying attention to our finances since earlier this year when we took Dave Ramsey’s Financial Peace University. We’ve never been in bad financial shape, but we’d never really been getting ahead either. That all started to change when we realized that in order to get ahead, we had […]
Christmas Budgeting Tips: Avoid Overspending At This Expensive Time Of Year
The holidays are almost here, and if you haven’t already, it’s time to start thinking about buying Christmas gifts for family friends and neighbors! Will you be heading out to wait in line at one of the Black Friday sales? Christmas is one of those times of year that we normally throw caution to the […]
Unintended Consequences Of Doing A Budget
Doing a budget has decreased our spending Within the past few months my wife and I have started doing a zero based budget where every dollar is allocated before it comes in. When the paychecks are deposited each and every dollar is assigned a job, whether it be paying bills, groceries, personal spending money or […]
A Way To Control Spending: The Envelope System
This past summer my wife and I took a class called “Financial Peace University“. The class is built around the teachings and personal finance framework put together by Dave Ramsey. Ramsey has made it his career goal to help people take responsibility for their financial lives, get out of debt, and save for their future. […]
Make A Better Budget!
We all have need for a budget at one time or another, and it pays to revisit our financial goals on a regular basis in order to make sure we’re staying on track. So when you’re budgeting there are a few things to remember in order to make sure you get the most out of […]
5-Minute Guide To Budgeting
Over at Mic.com they have a helpful article entitled, “Your 5-minute guide to budgeting“. The article gives some useful tips to get you started on the road to setting up your own budget. The article starts out with a gem of a quote: Budgeting isn’t a punishment for not being born wealthy. That quote really […]
