Budgeting

There are few things more powerful for your finances than having a budget and sticking to it every month. It’s not always easy, but with the right steps you can make your budget work well for you. Your budget will get you on track to pay off debt and build wealth. The blog posts below are packed full of tips to help you create a budget and start saving money now.

Before You Set Another Financial Goal, Figure Out What YOU Want

This year, I’m doing something a little unorthodox. I didn’t set any personal goals for the new year — and that includes financial goals. Instead of setting goals for this year, I’m calling this my “year of exploration.” You don’t have to spend a whole year trying to figure out who you are and what you want, but before you…

I Took Out a Higher Interest Rate Loan and I’m So Glad I did

About a few months ago, my condo building had a leak that damaged several units including mine. The total damage came out to be over $11,000. Although I had homeowners insurance, the process to file a claim would’ve taken over two months. If you’ve ever experienced anything like this, I’m sure you understand the dire need to get contractors out…

5 Little-Known Ways Your Partner Can Ruin Your Credit

Planning to move in with your significant other or tie the knot in the near future? There are many exciting discussions to be had, but money matters may not be one of them. In fact, it’s the dreaded topic many couples prefer to stay away from. But doing so can have serious implications for your finances and your credit. Let’s take…

How to Break the Paycheck-to-Paycheck Cycle

We often think of people living paycheck-to-paycheck as those who earn a lower income or struggle with debt. It makes sense as living paycheck-to-paycheck results in little to no money left in the bank at the end of each month. Surprisingly, the former issue isn’t always the case. A recent survey conducted by CNBC reports that 25 percent of those…

How to Properly Budget for the Holidays Without Breaking the Bank

According to the recently released annual survey on holiday spending, 38% of consumers plan on spending less this year compared to last year. Sounds promising, right? Unfortunately, Bill Hampel, chief economist for Credit Union National Association, said intentions to spend less rarely reflect the reality of consumer behavior. Every year, by a large margin, respondents state they plan on spending…

How To Overcome the Stress of Student Loan Debt

It’s easy to feel financially stuck in a cycle of debt when you have a huge outstanding student loan balance. From 2004 to 2014, student loan debt increased by 56% with the average American student now owing over $28,000. For some, that amount is even much larger. For example, attending a private undergraduate university or continuing onto graduate school can…

How Stores Convince You To Spend More Over the Holidays

According to the National Retail Federation, retail stores receive anywhere from 20-40% of their annual profits during two key months out of the year: November and December. So it’s no surprise businesses will go to great lengths to ensure their stores are full and sales are booming. For you, the consumer, this means navigating shark-infested shopping waters where prices might…

How to Figure Out How Much Money Should Go Toward Debt Reduction

The main thrust of any debt reduction plan should be how much extra you can put toward paying down your loans each month. Trying to figure out how much should go toward debt reduction can be challenging, however. As you try to figure out how much money should go toward debt reduction, here are a few things to keep in…

How I Set Up a Home Office on a (Tight) Budget

When I took the leap into full-time self-employment, one of the biggest things I was looking forward to was breaking free from the creative restraint of sitting in a cubicle everyday. However, after a few short weeks of performing all work-related duties from my not-so-comfortable couch, I realized that I couldn’t forgo the office setting entirely. This time, however, it would…