Category: Budgeting

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.

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?

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

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

Have Yourself a Budget Holiday

Holiday and Christmas time is an expensive time for most families. From buying gifts, stocking stuffers, decorations, and food most families budgets are stretched very tight during the holidays. How do you ensure that your family has a holiday and Christmas that they will remember without you paying for it for the entire next year? The first … Continue reading Have Yourself a Budget Holiday

Balancing Income and Expenses

It is necessary to learn the skill of balancing income and expenses no matter what your financial situation. Many people put off keeping a budget until they are financially “on their feet”. However, in order to get financially “on your feet” a budget is a necessity. And to be sure, what we call a budget is nothing more … Continue reading Balancing Income and Expenses