Your emergency fund is an important part of your savings. There are different ways to go about deciding how much to contribute to your emergency fund depending on what works for you. For example, you could start off with a set amount of at least $10 to $20 a month and make a point to […]
For a lot of people today, debt is nothing more than an unavoidable part of life. It could even be how you pay for just about everything from the home you might be living in, to the car you drive and even down to the small, day to day purchases like food, gas and that […]
To help create a spending budget that’s not just sensible, but also effective, you need to start by calculating your income. Once you’ve calculated your income, then you can list your expenses by first making a list of your fixed expenses such as rent or mortgage payments, automobile payments, insurance premiums, etc. After that, you […]
Lending institutions judge your financial aptitude by your credit score. Getting approved for a loan isn’t always an easy task, but increasing your credit rating will give you the best chance. There are various ways that you could improve your credit score and of course among all of them, one of the best ways is […]
If you have your sites set on reaching financial well-being, setting financial goals will be the way to get you there. For setting financial goals, selecting a simple course of action that you could follow will guide you to financial success. First, you need to identify and write down your goals which will help you […]
As important as it is to your financial health, sometimes the difference between assets and liabilities is obvious and sometimes it’s not. What may at first be a liability can become an asset or vise-versa. For example, when you buy a home, that home is a liability because unless you buy it with cash, the […]
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 […]
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 […]