We all know that we should save money. We know that saving and using cash for bigger purchases is better than using credit, sparing us from wasting many additional dollars on interest. We know that life’s curveballs can become somewhat less stressful when we have an emergency fund waiting in the bank. We know that … Continue reading Save Money to Save Yourself: Lessons from a Pandemic
So, you’ve created your first budget, and you’re feeling good. Building a budget is an impressive feat, and a crucial step towards achieving your financial goals. But this is not the end of the road; many budgets fail within their first few months, for a variety of reasons. The key to a successful budget lies … Continue reading Budgeting 101: Fixing a Broken Budget
By now, you know why you need a budget, and you know what components make a budget successful. But how do you take this information and put it to work? It’s actually not as difficult as it may seem. To begin budgeting, all you have to do is follow a few simple steps. Step 1: … Continue reading Budgeting 101: Creating a Budget
Congratulations! You’ve decided to create a budget, the first step towards taking control of your finances and ensuring that your money works to help you achieve your goals. Now, of course, comes the hard part: where to begin? The budgeting process can be overwhelming, especially when you’re just getting started. There are many different systems … Continue reading Budgeting 101: Selecting a Budget
The word “budget” has a bad reputation. It conjures up images of repression and refusal. It’s often scapegoated as the reason we’re unable to have fun, forcing us to stay home from that happy hour get-together or say no to that latest purchase we’re just dying to make. We perceive budgets as these malicious external … Continue reading Budgeting 101: Why Budget?
Big City, Small Budget 