Learn how much to save for your emergency fund. Emergency savings are designed to cover unexpected expenses or financial emergencies. You can use emergency savings to pay unexpected bills, small or large, that are not included in your monthly spending and expenses. Watch on YouTube Watch on YouTube Shorts Watch on TikTok Watch on … Continue reading Emergency Savings Fund. How much Emergency Money should I Save?
Our budgeting section offers articles, tips, and suggestions on personal budgeting money to help you manage your finances effectively. Whether you are a beginner or looking to improve your budgeting skills, our resources provide practical advice on creating and sticking to a budget, saving money on everyday expenses, and achieving your financial goals.
Why is Everything so Expensive? Inflation
Learn the basics of why everything is so expensive in 2022. Prices going up for food, gas, rent, housing, and other things. A video short lesson. @moneyinstructor Why is everything so expensive? Inflation 2022 #money #moneytok #foryou #cartoon #tiktoktaughtme #inflation ♬ original sound – Money Instructor View this post on Instagram A post … Continue reading Why is Everything so Expensive? Inflation
Earning, Spending, Saving (and Investing)
Learn about earning, spending, saving, and investing money. Learn how they are related and how you can build wealth. Earning Do you have an allowance? Have you done chores and got paid? Do you have a job? If you have, then you have earned money. Earnings refer to the money you earn from a job. … Continue reading Earning, Spending, Saving (and Investing)
I was playing Wordle and this happens…
Do you play Wordle, the viral online word game? Here is a fun class or lesson starter for the TikTok or YouTube generation of students on the topics of money and saving. Discuss with your students the importance of saving money and the problem of having too much debt, especially credit card debt. @moneymittens … Continue reading I was playing Wordle and this happens…
Needs and Wants
Needs and wants, what is the difference? Understanding the difference, between needs and wants, is crucial to good financial decision making. What is a Need? A need is a requirement, or essential item that is considered to be necessary for living. Examples include shelter, food and water, and clothing. These are essential for a person’s … Continue reading Needs and Wants
What is a Budget?
If I earn $3000 a month, can I pay for my rent, food, and other expenses and also have money left to save? Or will I run out of money before my next paycheck? To find out, you need to create a budget. What is a budget? A budget is something people use to help … Continue reading What is a Budget?
Can Budgeting Software Help You to Stay on Track?
Budgeting software can be a helpful financial tool. For many families, the thought of planning a budget is daunting and overwhelming. Just the thought of it makes people avoid making a budget. However, a budget can be an incredibly helpful financial tool. It allows you to plan where your money is going each month and … Continue reading Can Budgeting Software Help You to Stay on Track?
Paying Yourself First
Everyone knows how hard it is to save money when you pay all your bills first. It is virtually impossible. Thus, the best principle is to pay yourself first and THEN pay your bills. Only by doing so will you be able to save money. Our expenses have a way of taking up whatever amount of income we … Continue reading Paying Yourself First
Quick and Easy Ways to Trim your Budget
Everybody dreams of a nice, large savings account. But while it seems obvious that in order to save more money you need to spend less, it is often difficult to find the areas on which to cut back on your spending. Every budget has areas that could be tightened, and it’s not hard to find them if … Continue reading Quick and Easy Ways to Trim your Budget
Budgeting 101: The 5Ws of Budgeting
Budgeting. That’s a word every young person entering adult life will become very familiar with; unless of course you’re parents happen to be extremely wealthy. For the rest of us, budgeting is a must, but it’s also a benefit; learning to budget teaches you not only discipline, but how to manage in the face of adversity and … Continue reading Budgeting 101: The 5Ws of Budgeting
Family Budget Planning
Budgeting is a bad word to some people. What do you think of when you hear the word budget? Budgeting is something that every family should do to save for their future. In family budgeting the main thing that you need to remember is “the money that comes in is equal to the money spent.” In this way, you … Continue reading Family Budget Planning
Budgeting Money and Debt: Inflow vs. Outflow
A key concept in managing your finances is inflow vs. outflow. Essentially inflow is all the money you receive or generate while outflow is all the money you spend. There is nothing subjective about these terms. Each should have a concrete and tangible number attached to it and you should know what that number is on a monthly … Continue reading Budgeting Money and Debt: Inflow vs. Outflow