After publishing an earlier post exploring the benefits of sinking funds, I received some inquiries into how I utilize this principle in my own budget. So, today, I’ll be breaking down my sinking funds, detailing everything from their categories to their goal balances. When I first began using sinking funds, I included four in my … Continue reading Breaking Down My Sinking Funds
A weekend trip to Boston. Tickets to a concert featuring one of my favorite musicians. A week-long visit to the west coast. Dinner at a nice restaurant to celebrate a friend’s birthday. These are all things I spent money on in 2019. They’re also all purchases that had the potential to break my budget. By … Continue reading Sinking Funds: A Financial Game-Changer
I talk a lot about budgeting on this blog—heck, it’s even in the title! But there’s a reason I hold budgets in such high regard, and it’s because they’re the means that help you achieve an all-important end: saving money. Saving is the key to financial freedom and stability; without money in the bank, any … Continue reading 4 Savings Accounts Every Budget Should Have
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
Big City, Small Budget 