A simple financial principle that many people don’t incorporate into their budget is to consider that saving money is an expense. Some people may have a hard time understanding the idea of paying yourself first, let alone applying the concept. Let’s face it, after paying the rent/mortgage, utilities, car payment, insurance, credit cards, etc., more […]
You might not have given much thought as to how you treat your money and how that affects how your money will treat you in return. To set yourself up for future financial stability, financial well-being requires a healthy relationship with your money. If you treat your money right, your money will treat you right. […]
Believe it or not, the way you feel about money is something that starts early in life. Even though you might develop your financial style early, it can change with time or due to circumstances. It’s not uncommon for people who have gone through significant life change to adopt a very different relationship with money. […]
Did you ever stop to think about where you get your ideas of what money means to you? What money is to you? And what does it do for you? We all have a complex relationship when it comes to money. How you acquire, spend and manage money is largely due to two factors: the […]
Planning is something that varies with people. Some people have to plan everything out before taking any action and some people like to just “wing it” and not plan at all. In order to get anywhere, we need to have a plan on how to get there otherwise we could just end up going in […]
A lot of us have been sold the idea that we need to go to school, attend college, get a 9-5 job that we end up working for years until we can (hopefully) save enough money to retire, leaving us to do what we enjoy when we’re old. Who the heck wants to live like […]
What is passive income exactly? Passive income is simply money that is made passively! And what does that mean?! Well…basically, it is money that’s earned by doing as little work or the most minimum amount of work possible. Unlike a job where we have to work in order to earn an income, passive income comes […]
For many of us today, debt is just a fact of life. It’s how we pay for just about everything from the homes we live in, to the cars we drive and even down to the small, day to day purchases like food, gas, that daily cup of coffee (or 3), etc. No matter how […]
All individuals have habits! A habit is defined as a recurrent, often subconscious pattern of behavior that’s obtained through frequent repetition. To put it simply, it’s repeatedly performing the very same things over and over without thinking about it, like nail biting or snacking on food. Over spending our money can also fall into that […]
Many of us have either created or attempted to create an effective budget at some point. For those of us who have, budgeting or “good money management” is probably one of the most difficult things we face in dealing with our finances. What we need to realize is that successful budgeting is key to good […]