Organizing your priorities and your time by life roles is very useful - how about applying the same principles to your financial life? Here's how I did it.
One of the biggest struggles with budgeting is understanding the difference between needs and wants. Although we all understand this intuitively, here's a 5-category system to make things crystal clear.
Four reasons why I use an envelope budget - paradigm shift, savings goals, irregular expenses, and eliminating guess work. Includes a free e-book from the makers of Mvelopes.
This is the last post in my three-part series on budgeting basics. I will wrap up the series by discussing strategies for tracking and reviewing your new budget to ensure that it's working for you in the way you planned. If you've completed Parts I & II of this task, you should have a good … Continue reading How to Set Up Your First Successful Budget – Part III (Tracking & Review)
About 6 months ago to the day, my wife and I made the decision that money was leaking out in too many places. We couldn't plug the holes because we couldn't find them. We needed a quick method of understanding where our money was going without having to stare at long reports. That's when we … Continue reading Hungry for Spending? 8 Reasons to Try a Cash-Only Diet
This post is the second in a three-part series about setting up and maintaining a successful budget. Last week, we discussed what a budget was, how it could be beneficial (or practically essential) to reaching your financial goals, and the research that needed to be completed before we continued with Budgeting 101. The three parts … Continue reading How to Set Up Your First Successful Budget – Part II (Organizing and Setup)
If there was ever a statistic about why modern budgets fail again and again, I am certain that eating out would be on the list, if not the leading act! More than any other habit of the modern American family, eating out is positively the worst thing you can do for your financial and physical … Continue reading 7 Ways to Stop Eating Out From Killing Your Budget
Since the beginning of time, mankind has understood that the spending power money holds must be controlled and channeled to appropriate uses if we are to (at the very least) survive, and (hopefully) achieve our lifetime financial goals. To do this, all of us need to create a budget. Because of money's finite qualities, each … Continue reading How to Set Up Your First Successful Budget – Part I (Understanding and Research)
In life's many endeavors, there are usually roadblocks or "critical flaws" that prevent us from achieving our goals. In the world of budgeting, that critical flaw has to be the lack of planning for "unexpected" expenses. The irony with unexpected expenses is that, although they are sporadic when looking at specific categories, they are remarkably … Continue reading 4 Unexpected Expenses You Can Count On
This post contains outdated information. For the latest, see my 2012 Mvelopes review. In Short I have decided to convert Mvelopes into a full subscription for the next three months (see billing periods below), based on my positive experience so far and my desire to continue working with the system beyond the trial period. Mvelopes … Continue reading Mvelopes: Review of Free Trial