Life brings several opportunities to spend money and for most of us this requires a choice on how we are going to pay for what we buy. There are really only two options, borrow or use cash. The choice you make for each type of spending will be a major factor in your long term financial success.
The summer months are a pivotal time for making smart financial decisions. There are unfortunately several opportunities to make poor choices that can leave you scrambling for the rest of the year. The key is recognizing how easily your budget can get off track.
Whether it’s having hundreds of dollars in fees to pay or having thousands of dollars in credit card debt the strategies you use to deal with any type of financial crisis does make a difference to your long term financial well-being.
If your son or daughter is heading to college this fall, both you and your child most likely have a lot on your mind – finances, meeting new people, choosing a major, and more. With all of these conversations happening, it’s a great time to talk with your child about the basics of budgeting, establishing credit, and opening a free checking account.
June is a busy month with several opportunities to spend money like graduations, weddings and entertainment. The key to having a strong financial month is finding ways to save on those expenses.
May is all about graduations, the race and the start of summer vacation season. All of these seem like opportunities to bust your budget however, with a little planning and moderation, you can actually improve your financial situation during the month of May.
We have heard them our whole life and some even try to live by them, but do we really know what they mean? Understand how we can put some of these financial words of wisdom into practice can be very helpful for long term financial success.
There are so many ways to spend less or save more that trying to do them all in one month can become overwhelming. A better way to accomplish your financial goals is to break the tasks down to items to complete each month. This provides a manageable list of actions to accomplish in the month and we are more likely to see better results.