Society has for decades now promoted the notion of “buy now, pay later.” Madison Avenue has also contributed to this feeling of entitlement by letting consumers know though their clever advertising campaigns that each of us deserves the very best and we deserve it right now, even if we can’t quite afford it. Here, you … Continue reading Using Credit Wisely
Getting Out Of The Red And Into The Black To eliminate debt, you need a strategy and patience. Yes, there’s a lot of hype right now about erasing debt instantly and painlessly. Unfortunately, unless you come into a windfall of some kind, this isn’t likely to happen. With some thorough planning, though, you can eliminate … Continue reading 4 Steps to Eliminate Debt
It may sound almost too simplistic: but one of the most effective ways to avoid any future debt problems is to learn to manage your finances. Whether we like it or not, in this day and age that doesn’t mean sitting down at the kitchen table on Sunday night trying to balance our checkbook. What … Continue reading Easy to Implement Debt Management Tips
Having trouble with too much debt? If so, you are not alone. To help, there are many “debt consolidation” and “free credit counseling” firms that are interested in your business, and it’s probably best to avoid many of them. These private firms will charge high fees, and not all of them are looking out for your … Continue reading Help Getting out of Debt
We all accumulate debt at some point in our life. There is really no way around it. Especially when we consider the two greatest costs we will face – buying a home and funding our education. Thus, it is good to accept the fact that debt is not a complete negative and if used wisely can be a … Continue reading Introduction to Managing your Debt
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
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. 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
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
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
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
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
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