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 … [Read more...] about You Need to Know Why the 50/20/30 Budget Rule is Wrong & How to Use the Cents Plan Formula
Cash Flow Killer (DEBT)
Debt is a burden.
There is no way to get around that. Money Bliss can help. It doesn't matter the type of debt - car loans, credit card debt, or student loan debt.
Debt is the cash flow killer each and every month.
There is hope! Paying off debt is possible. We have done it. Same with other Money Bliss readers!
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Paying off debt is Money Bliss Step #4.
Why isn't paying off debt the first priority?
Very simple...you need to follow the Money Bliss Steps in order to succeed with money.
If you ultimate goal is just to payoff debt, then you will be caught in the debt trap once again. Learn the Money Bliss Steps for Financial Freedom.
The cash envelope system can be a game changer for anyone struggling with money.It is the best way to only spend what you can actually afford. IN CASH!For many people, they can't imagine ever spending money than using the cash envelope system.While it is a game changer, you must learn how to use the cash envelope system correctly. If not, you are in the same game as before. It won't be … [Read more...] about How to Successfully Use the Cash Envelope System
Have you ever thought of putting rules on your money?It is a pretty interesting concept.We tend to have rules for every other area of our life...how much to eat, how much we should watch TV, limiting the amount of social media, amount of time to brush our teeth, etc.Then, that love hate relationship comes up with rules.We love rules because they provide structure and guidance when … [Read more...] about 10 Money Rules You Need to Live By
The success of any budget lies in planning the personal expenses.While that may seem simple…It’s can be…But then, that is when most people give up on a budget.Most people gave up on a budget because they forget about certain expenses and didn't know what to do next. Early on in my budgeting life, I struggled a lot. So, don't fret if that is you too!Figuring out how your … [Read more...] about 110+ Personal Budget Categories for a Fail-Proof Budget
Just like with any other type of goal, you need to find motivation. The need is real in order to have success.You want to pay off debt, but you feel the other ones that can become debt free have high paying jobs.Your debt has been weighing over your head for far too long. You are ready to move on. But, you keep getting stuck. Or maybe too afraid to start paying off debt.You need - may … [Read more...] about 20 Quick Tips For Debt Payoff Motivation + Free Debt Thermometer
A bare bones budget. The bare minimum living expenses.That is what we are going to uncover today.So, many times we get wrapped up in life with bills and spending that we confuse what are mandatory and discretionary expenses. Needs vs wants. The gray area is very difficult to see through.If you have been caught up in that trap, don't fret! You are not alone! All of us have.That is … [Read more...] about How to Improve Your Finances with a Bare Bones Budget