money management

8 Money Saving Challenges to Start the New Year

8 Money Saving Challenges to Start the New Year

2019 is on the horizon. There’s nothing like a new year to get people excited about change, challenges, and goals. One popular goal is to save more money. It can be really tough to save money. You have necessary expenses like housing and food and sometimes unexpected ones like medical care or a car problem. Or you might just enjoy spending money. Whatever your reasons for spending, you know it’s a good idea to save and you’re motivated to do it now.

How to Save a Last-Minute $1000 By Christmas

How to Save a Last-Minute $1000 By Christmas

Christmas is a little more than two months away. Can you believe it? For some people, the thought of Christmas coming so soon brings anxiety. In a perfect world, we’d save all year round to cover Christmas expenses. But that’s not realistic for most people, including me. The last thing you need on top of work deadlines, family visits, and Christmas shopping is debt from the expenses of the season.

The Easiest Budget You’ll Ever Follow & That Actually Works!

I know you hear it at the start of every year: you need a budget! The nagging gets tiring, even if you know or think you need one. Budgets have a bad connotation. They’re restrictive, inflexible, complicated, time-consuming, and difficult to keep. They don’t allow for any fun. And how are you supposed to know what will come up in the future? Your income and expenses may fluctuate.

How to Stop Unnecessary Spending Once and for All

How to Stop Unnecessary Spending Once and for All

Is one of your goals to spend less and save more this year? That’s definitely one of my goals. Did you know that even just a few years ago, one of the hardest things for me to do was cut back on my spending? I mean unnecessary spending of any sort. You know, shopping as a hobby, a pastime, a salve, a stress reliever, a fun get-together, a pick-me-up, an emotional crutch, or an impulsive behavior.

10 Ways to Overcome Frugal Fatigue

10 Ways to Overcome Frugal Fatigue

During one March a few years ago, I didn’t spend any money on fun and entertainment. I have an entertainment category in my budget, but I just happened not to dip into it. When I reviewed my budget at the end of the month, I was so happy with my lack of spending that I committed to keeping it going. You can already see where this is going, huh?

Reading Corner: A Review of Rich Dad Poor Dad

Reading Corner: A Review of Rich Dad Poor Dad

Have you heard of Rich Dad Poor Dad? If you’ve read some financial books or even read lists of must-read financial books, then you probably have. The book is a best seller. It’s been reviewed hundreds of times. It’s considered a staple in the financial literacy canon. So what can I add? Well, I’m going to take an unpopular stance

How Much Debt is Too Much in a Relationship?

How Much Debt is Too Much in a Relationship?

What would you do if your fiancé came to you a month before your wedding and revealed that he had $370k of debt?Sadly, this is a true story. I was browsing the boards of a wedding website a few months ago when I read this post. The woman’s fiancé told her about his $370k of debt only about a month and a half before their wedding.

How to Improve Your Financial Literacy (Without Falling Asleep)

How to Improve Your Financial Literacy (Without Falling Asleep)

Several years ago, I realized that I didn’t know enough about how to manage my money. I budgeted and put money in my 401(k), but I knew that there was still so much out there I didn’t know. I visited the library one day and browsed the section on personal finance books. I picked out a few I thought were introductory level, took them home, and started reading.

How to Fight Lifestyle Inflation (& Save Your Money)

How to Fight Lifestyle Inflation (& Save Your Money)

If there ever were a time to feel like spending money, it may be with the arrival of your first paycheck. Now that it’s July, graduation season has just finished. If you’re a lucky new grad, you have a job lined up or one on the horizon. And with that new job and those first few paychecks may come the urge to spend on what you couldn’t afford before.

How to Talk Finances with Your Partner (& 30 Financial Questions to Ask handout)

How to Talk Finances with Your Partner (& 30 Financial Questions to Ask handout)

With Valentine’s Day around the corner, it’s easy to get wrapped up in that lovely-dovey feeling. But likely not every moment with your loved one is full of bliss, right? Believe it or not, finances are the number one source of relationship stress, according to a 2015 SunTrust Bank survey. 

50 Ways to Spend Less & Save More in the New Year

50 Ways to Spend Less & Save More in the New Year

Earlier this week I posted about the 50/20/30 budgeting method complete with free budgeting calculator. If you calculated your percentages and decided that your spending and savings numbers are not what you want them to be, don’t worry. You’re in the same boat as many other people, but you have the awareness and motivation to change that.

How to Use the 50/20/30 Budgeting Method & Free Budgeting Calculator

How to Use the 50/20/30 Budgeting Method & Free Budgeting Calculator

I remember back a few years ago when I started my new job and decided to create a new budget using an Excel spreadsheet. I thought that there must be a better way than what I was doing. I was estimating amounts for each of my budget categories and then trying to track everything in and out month after month. Not fun! So I started researching budgeting methods and I came across one called the 50/20/30 budget.