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
Financial security. Financial freedom. Financial independence.
All various terms of reaching a place where being a slave to money is not needed to various degrees.
Many times financial freedom and financial independence are intertwined.
However, many times, we get lost in the details. Too much overwhelm to move forward. We become paralyzed before we even try to move.
This one book is a game changer for many. It is laid out simply. Easy to understand.
Straightforward to follow.
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
Today's case study isn't about one named person because this person wishes to stay anonymous. They don't want everyone to know they have become the millionaire next door. They are happy being frugal with money and don't want a spotlight on their life. Simple living at its finest.Being frugal with money is about deciding a lifestyle that works for your personality and your money … [Read more...] about Being Frugal with Money – A Millionaire’s Case Study
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
Cash flow. Budgets. Cash flow plan. Money. Cash flow statement.What are these concepts and how do they apply to personal finance situations?For many people, they just want to leave these things to those who love math. However, we all need to know the basics of a cash flow plan.Don't you want to know if you will run out of money ahead of time?!?! Wouldn't that ease some stress in your … [Read more...] about Why You Need a Cash Flow Budget + How To Start