Budgeting is an important part of efficiently managing your finances. It allows you to have a clear understanding of your income and expenses, ensuring that you are in control of your financial situation. By creating a budget, you can make informed decisions about how to allocate your funds, set financial goals, and save for the […]
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 […]
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 […]