One of the most basic, fundamental things we can do is to conserve money. By consistently following a few money saving tips we’ll see a radical rise in the amount of cash we save, which can be used toward paying down debt, saving for emergency funds, saving for that vacation or for investing, depending on […]
Staying on the right track with how we handle our money is important to our financial health. Our motivation to improve our finances is what gets us started on the right track, but it’s our habits…good money habits, that will keep us there. As we know, habits can be good or bad and depending on […]
First, it is important to understand that needs and wants aren’t the same. As we read that sentence, we say to ourselves…everyone knows that! Again, while we might know this intellectually, there is a good chance that we’re not completely sincere with ourselves with regards to the things we buy. When it comes to our […]
The challenge as a young adult is seeing and understanding the value of time and compounding when it comes to our financial future. When we’re young, we have our whole life ahead of us to not have to worry about it now or we feel like we don’t have the extra money to save! Often […]
Not only are there small, unsuspecting ways we get ourselves into trouble with debt that slowly and incrementally build up until we eventually find ourselves in over our head. But then we have the big dollar purchases that we have to become aware of also. Such as, that brand new motorcycle, snowmobile, boat or jet-ski […]
The level of debt that nearly most of us have is in direct proportion to our earnings and this is precisely where our comfort levels lie – not so much debt to keep us awake every night, but enough to appreciate life and our hobbies to our maximum level of income. That’s where the majority […]
Living below our means is the basis of financial freedom. Once we learn to live below our means, we can stop getting into debt, begin paying off any debt we currently have and start putting money aside for saving and investing. If we’re living above our means it is going to mean more stress, more […]
Reducing and eliminating debt is no easy task, but it’s essential to your financial and even emotional and physical and health. There is nothing better than seeing debt get removed from your balance sheet. No more worrying about that debt, no more bills or calls from lenders and creditors…it’ll just be gone! Just remember, once […]
Too many people today don’t have an emergency fund or a savings account. Your emergency fund is the safety net in the event you get sick, loose your job, have unexpected car repairs, medical expense, etc. General guidelines you’ll hear from financial planners as to how much you should sock away into your emergency funds […]
A lot of people have a hard time understanding the phrase “pay yourself first”, let alone applying the concept. I’ll admit, even I struggled with it when I first heard it. Let’s face it, after paying the rent/mortgage, utilities, car payment, insurance, credit cards, etc., more often than not, there is never anything left over […]