When you hear talk about the need to increase your income, it doesn’t necessarily have to be a significant increase. You don’t need to get too caught up in how much you’re able to increase your income at first, but more about using that extra income toward paying off debt or putting it toward savings […]
Chances are that the level of debt that you have is in direct proportion to your earnings which is exactly where your comfort levels lie – not so much debt to keep you awake every night, but just enough to appreciate life and your hobbies at your maximum level of income. Living your life on […]
Taking care of your finances is not an easy task or at least not an enjoyable one in most cases! But what is easy, is the availability of credit, with high interest rates. When you couple that with a lack of understanding basic financial principals, you’ll find yourself falling into bad money habits and ultimately […]
Staying focused on the health of your financial future with discipline and patience will eventually allow you to have the financial means to not be in need of anything, including the means to get the things you want! By taking care of what you need, which includes paying off debt and not accumulating more, along […]
Let’s face it! Every time you get some extra money, you get the urge to spend it. You get a pay raise, so you go and finance a new car! You get a bonus and you go on that exotic vacation! If you get an extra $5 in your pocket….you always find something you “want” […]
One of the biggest financial traps you can easily find yourself in is the trap of keeping up with the Jones’. By trying to keep up with the perceived lifestyle of others, you’ll undoubtedly end up overspending. Living below your means is the basis for financial freedom. Once you learn to live below your means, […]
When you find yourself under a mountain of debt, eliminating or even reducing it is no easy task, but it is possible! Not only is it possible, but it’s essential to your financial and even emotional and physical health. The burden of debt can take its toll in so many ways. That’s why it’s so […]
The path to financial well-being is going to take eliminating or at the very least reducing the amount of debt that you owe. A very common and effective strategy to help you to pay off debt is the known as the debt snowball. It’s a fairly simple strategy to apply as long as you’re committed […]
As a consumer, you have to spend your money on the things that you need, right? And (let’s face it) you enjoy spending money on the things that you want. While there’s nothing wrong with that, the problem comes when you put yourself in debt over satisfying your wants or even worse, justifying your wants […]
When getting started on the road to building wealth, having a plan for your money and making the decision to save for an emergency fund is where it begins. There are different ways to go about deciding how much to contribute to your emergency fund depending on what works for you. There are so many […]