Simple Method to Save for Vacation

So you have been working hard, and would like to take a break to go on a vacation, but your finances say otherwise. Right now, you simply cannot afford a vacation. What do you do? Assuming that you already have a budget, my recommendation would be to assess your spending categories to see what expenses…

Easy Bill Paying Technique

I want to share a short and simple post on a technique that I use to pay some of my bills. The example that I will use for this post is an electric/heating bill, since most people have to pay for electricity/heating if you live in the United States. Each month, the bill that you…

Do you struggle with impulse buying? Here’s a technique that can help!

Do you sometimes find yourself making impulse purchases? Or do you sometimes buy unnecessary high priced items? Well you are not alone. While some people are naturally savers, and others are naturally spenders, we are all prone to indulge in impulse buying. Something might look pretty and shiny that caught your eye, or you are…

Got an Emergency?

If an unexpected emergency arose today, do you have funds available to pay for it? If you say no, then you are not alone. In an article posted on Forbes.com on May 24, 2018, it stated that approximately 40% of Americans cannot pay for a $400 emergency expense. When you think of it, $400 is…

The Power of Sinking Funds

If you have a known future expense, how do you go about paying for it? Do you take out a loan to cover the cost or do you take money from savings to pay for it? Sinking funds are a great tool for paying for future expenses. So what exactly are sinking funds? Sinking funds…

Why do you need a budget?

If you are like most people, you want to be in control of where your money goes. If you don’t have a budget, you run the risk of your money leaving you, and not having a clue of where it went. Does that sound familiar? A budget empowers you to direct where your money goes,…