Should I save or reduce my debt?

Do you have outstanding debt that keeps bogging you down? Do you often times wonder which order is correct – save now and pay the debt later, or pay the debt off now, and then start saving after? Well, you are not alone. When you have debt (money owed), it can be an obstacle in…

Are Certificate of Deposits (CDs) a Great Savings Product?

Have you heard of a CD before? No, not a compact disc (CD), a certificate of deposit (CD). So what is a Certificate of Deposit by the way? A Certificate of Deposit is a type of savings account, in which you “lock up” a certain amount of money for a defined time frame (3-months, 6-months,…

How to create a budget that works!

In my previous posts, I have shared “What is a budget?” and “Why do you need a budget?” In this post, I will share the fundamentals of how to create a budget that works (FREE resource included, keep reading). I will break it down in simple steps, so that it will be easy for you…

What is a budget?

Before you can begin to grow your money, you need to have a tool that will help you to manage your money. This is where a budget becomes handy. A budget is a tool that you use to allocate your income (how much money you have coming in) among different savings/expense categories. A budget is…