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Did you know that there are multiple types of budgets? Read this post to learn what zero-based budgeting is, how to use zero-based budgeting, and whether or not zero-based budgeting would be a good fit for you.
I came across this article the other day that promised 16 ways to save money this year, so of course I was interested! I got to reading it and I found that a lot of the ways this article listed to save money were too specific and really didn’t apply to a lot of people. I willContinue reading “Money Saving Tips”
Only 32% of Americans maintain a household budget.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, saying, “This person began to build and wasn’t able to finish.” -Luke 14:28-30 (New International Version)
The beautiful thing about a budget is that it can be flexible and can adapt as your situation and goals change.
Almost half of Americans are living paycheck to paycheck.
“Do not despise this small beginning, for the eyes of the Lord rejoice to see the work begin”
-Zechariah 4:10 (Living Bible)
Let’s take a look at a few of the opportunities that credit cards offer. Remember – all of this is assuming that you pay your bill – IN FULL – every single month.
My purpose and goal for this website and blog is to reach as many people as I can to educate and encourage people on budgeting. Budgeting is something that has always been extremely important to me and, over the years, I have learned that not everyone looks at budgeting and money management in the sameContinue reading “Spread the News!”
“A debt problem is, at its core, a budgeting problem.” -Natalie Pace
Lazy men are soon poor; hard workers get rich. -Proverbs 10:4
Less than 40% of Americans would be able to cover an unexpected expense of $1,000 with cash.
When it comes to budgeting, you need to be prepared for the worst to happen.
The whole point of a budget is not to restrict what you spend, but to allow yourself to spend money without guilt, regret, or stress.
A goal without a plan is just a wish.
The wise man saves for the future, but the foolish man spends whatever he gets. -Proverbs 21:20 (Living Bible)
Student debt is a major, major problem today. There are 44.7 million Americans that have student loan debt. The average amount that people have in student loans is $32,731 with an average monthly payment of $393.
Is a budget really necessary? Yes, and here’s why:
The word “disinterest” is actually too mild to describe my feelings toward paying interest. Quite frankly, I really hate paying interest. On anything! Mortgages, auto loans, credit cards, anything! Paying interest, in my opinion, is a complete waste of net worth.
Step One: Spend less than you make.
Step Two: Invest the difference.
Step Three: Repeat steps one and two for a long time.
One of my favorite things to do with my budget is calculate my husband’s and my quarterly net worth. It’s fun to map out the progress that we make toward our financial goals. I started tracking our net worth about a year ago and it has helped guide us in our financial goals and decision making. Tracking our net worth has shown us areas in which we can improve our net worth to work toward financial independence and, ultimately, retirement.
I recently received a request to breakdown my budget funds and what kind of things are covered by each fund. I am going to go in the order that they appear in my budget, so bear with me because I do a budget overhaul at least every year and at this point there is no particular order for the funds.
One of the hosts on one of the podcasts that I listened to once upon a time said that, before starting a budget, people should track their expenses for a month or two to see what they are spending. I understand why it might be appealing to track expenses and spending habits first, but in my opinion, it is more productive to create a budget based on financial goals and adjust spending habits accordingly. One of the purposes of having a budget is to assist in achieving financial goals by restricting unnecessary or frivolous spending.
Survive today, prepare for tomorrow, have fun. In that order. What exactly does that mean with regard to budgeting?