Preparing a budget can be boring and hard to stick with. But when we’re constantly stressed about our finances, preparing a budget is among the best solutions to this problem. If you start asking why budgeting is important, think about what happened during the pandemic when people who thought they had a steady job found…
At first glance, preparing a budget with a credit card may seem like a strange concept. In many cases, people are creating a monthly budget to pay off their credit cards. However, budgeting with credit cards can be perfect for your financial plan. You simply need to understand how to do it and follow through…
Millennials’ spending habits are very different from older generations. This generation is more likely to spend money on experiences over a tangible physical product. Millennial shopping habits also trend more highly with making online purchases, and they tend to eat out more often. Due to these millennials spending habits, the generation is often stereotyped for…
So you’ve successfully followed your budget for months and reached some of the financial goals you set out. Preparing a budget that you stick with is hard at times, so sometimes it’s ok to look for ways to reward yourself. After all, if you don’t reward yourself once a while, it could cause you to…
The COVID-19 pandemic has taught us many things, from adjusting to living in quarantine, home-schooling our kids, to working from home. Arguably one of the most important things that we have learned is how important being financially stable is. Like many of these lessons learned, we have been more reactive than proactive in our approach….
Becoming a parent is one of the biggest milestones that happen in life. It is also a huge financial undertaking that can be overwhelming to think about. There are those big expenses such as the cost of the baby’s first year, including diapers, child care, insurance, and other baby necessities. Budgeting for a baby and…
Self-employed, contractors, freelancers, and commission-only workers can potentially earn more than their counterparts. Some trade-offs come with that too. Income management is challenging when you can’t predict how much money will be coming in during a month. If you are using a personal budget planning system for keeping track of expenses regularly, this can be…
So you’re just got engaged and told all your friends and family! Weddings are an exciting moment in your life. It’s also the cause of a lot of stress, with the budget for weddings being a key source. Weddings are expensive, and making mistakes when budgeting for them will amplify those costs. How do you…
Marriage is the beginning of many new adventures that include joining finances. It is one of the biggest challenges among newlyweds. You and your partner may have different budgeting strategies, spending habits, and monthly expenses that you weren’t aware of before. Finances in marriage have led to many fights and differences of opinion among couples. …
We all have things that we want to buy, whether new athletic shoes, a new gadget, or going on a trip. But it would be best if you had a plan on how to pay for those things to make it happen. Preparing a budget is an effective way to help cross things off your…
