“There are no shortcuts when it comes to getting out of debt.” – Dave Ramsey 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 […]
“Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.” – Suze Orman Having some extra money set aside for those unexpected expenses is the only way to get out of debt, stay out of debt and above […]
There is a largely held belief by many people that money can’t buy happiness and although there is some truth to that belief, the one thing that is for certain is that money can make life more comfortable. By making our lives more comfortable and enjoyable we will naturally find moments of happiness in how […]
To help create a spending budget that’s not just sensible, but also effective, we need to start by calculating our income. Once we’ve calculated our income, then we can list our expenses by first making a list of our fixed expenses such as rent or mortgage payments, automobile payments, insurance premiums, etc. After that, we […]
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 […]
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 […]
The idea of waiting for things to take place is almost inconceivable for many of us, especially when it comes to our financial future. After all, we know what we want and we want it now! That is the instant gratification mindset, which affects us in all different areas of our lives, not just our […]
Once we realize we’re in a debt spiral, we need to figure out how and where we’re spending our money and what adjustments can be made to stop the madness. This is where we need to be creative and/or make some tough choices (or sacrifices). Bring coffee from home or use the coffee maker at […]
If you’ve ever heard the term pay yourself first, your emergency fund is where you should start. Emergency funds should be readily accessible, but not so readily accessible that you will be tempted to make withdrawals for every day spending. Online banks could be a good place to stash away that money for those rainy […]
Money can’t buy happiness, but it can be used to provide short lived moments of joy. The reason it can’t be bought is because it’s an emotion that comes from within yourself. Although it’s true that the more money you have the easier it is to find those moments of happiness, money can’t buy happiness […]