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Preparing a budget is an important step in becoming financially fit. If you just prepare a budget based on what you are currently spending, you might not really be helping yourself all that much. Your current spending habits in certain areas may be more than what is optimal to gain financial freedom. What you really need to do is allocate your monthly income using a budget pie assigning percentages to the important categories.
Living well during retirement doesn’t happen with luck. It requires sound planning and financial organization.
Summer with your kids can be great without breaking the bank! Because summer camps, childcare, and sports leagues can get expensive, it’s helpful to remember a few tips to save money and still have fun this summer.
Financial distress often doesn’t come immediately but rather is a build-up of poor financial decisions that lead to the problem. One of the leading causes is living beyond your means. There are several signs that could indicate you are living beyond your means and early recognition can often help you avoid a financial disaster.
Congratulations on graduation! It’s time to get geared up for college so you can meet new people, discover your academic interests, and welcome some more financial independence. As you transition into college, managing your money well can make your life easier. Here are a few things to think about.
People have a tendency to make financial matters more complicated than they really need to be. Complicated planning worksheets, detailed budgets and net worth calculations and other financial tools can all become overwhelming. Sometimes, the best way to achieve big goals is to make your plans as simple as possible. Why is keeping is simple so important? It is because you are more likely to follow through if the process is simple and easily repeatable week after week.
The New Year is a time for new beginnings. A time when people make declarations to lose weight, quit smoking, volunteer to help others, and develop better habits. You probably have a mental list of personal areas you want to improve. But have you considered adding a financial resolution to that list? How would your life look if you saved more, spent less, paid off debt, and planned for retirement?
It can be easy for spending to get out of control during the holiday season. That’s why it’s important to remember that you’re the boss! Instead of letting your money control you this holiday season, start controlling your money. You’ll feel happier when the season is over if you still have some cushion in your wallet.