One of the most beneficial financial habits that you can adopt is budgeting. The magic that it can have on your life isn’t often realized if you’ve never lived on one. To understand the importance of budgeting, we have some put together the top reasons that it’s a vital part of your financial health. Start…
The envelope budget method is effective for those who are just beginning to control their own money or those who prefer to physically see their money being spent rather than track everything electronically. This can be a great way for teenagers or young adults to learn their spending habits. It is much more painful to…
What if, when you received your paycheck, the first thing you did was to put your money towards your biggest financial goals – that vacation savings account, the house down payment, or the new car fund? With the pay yourself first budgeting method, this is exactly what you do. Instead of building your entire budget…
Have you ever been in a situation where you went to pay for your morning cup of coffee, only to realize there was less in your account than you thought? We’ve all been in that situation at one point or another – and a zero-based budget is one budgeting method you can use to help…
Are you new to budgeting or overwhelmed by getting started? You may have heard of Elizabeth Warren’s 50/30/20 rule that can help you manage your budget – especially if you don’t want to have to track your spending in detailed categories, which can get overwhelming and be time consuming. The 50/30/20 rule budget only requires…
When we hear the term “budget,” we often associate it with a complicated and stressful process. However, budgeting can be quite simple – and is incredibly important for your financial health. Think of budgeting as a roadmap for your money. It helps you understand how much money you have coming in, how much you have…
