One of the categories in the Cents Plan (AKA budget) is called Slush Fund.There are many names for Slush Fund:Pocket Money Spending Cash Pocket Change Allowance (I’m totally against that one) Petty Cash Kitty Fund Cump changeJust pick your favorite name for it and let's understand the rules and advantages.Regardless of what you call slush fund money, one meaning … [Read more...] about 4 Rules and Advantages of Slush Fund (Pocket) Money
Budget (Cents Plan)
The word budget makes most people cringe...
In all honestly, it means that we must live within our means.
However, on the flip side, a budget will help you reach financial freedom faster.
So, what do you choose? Budget or Financial Freedom?
Here at Money Bliss, we focus on
Where Cents Parallel Vision
Understanding where you want to spend your money is key to obtaining the life you want to live.
So, what do you choose?
Budget or Financial Freedom
Top Money Bliss Budgeting Tips:
Sinking funds are money set aside for a specific purpose.By using a sinking fund, the avoidance of having a money emergency goes away.Typically, these funds are expenses that randomly pop up or expenses that are paid on a quarterly or yearly basis.So, what are sinking fund examples? CENTS PLAN DOWNLOAD Need new tires? Taken care of with car service fund.Want to take a vacation? … [Read more...] about Complete Guide to Sinking Funds – Why They are So Important?
There are many thoughts on how to spend your money, how much to save, what qualifies as a mandatory vs. discretionary expenses…the list can go on and on.When using percentage based budgeting, you are allocating a percentage of a budget for this category or that category.Also, did you know it is one of many budgeting methods? All of the Best Methods of Budgeting You Need to Know.At … [Read more...] about How to Budget Your Money With Percentages – Cents Plan Formula
Saving money gives you the freedom to live the life you want to live.However, the statistics prove that for Americans saving is the hardest thing to do. You might be wondering…Is it possible to save money?However, are you ready to learn how to save money?Yes, it is possible to save money!If you are willing to learn how to save money. Plus, with these tips, you can save money … [Read more...] about How to Save Money (Simple & Easy Tips)