Here in 2021, with so many people impacted by a loss of income through the COVID-19 pandemic, managing your cash flow (aka budgeting) is more important than ever! Whether you are new to budgeting or just need to "tighten" your current budget, understanding the "four walls" of budgeting can help. Each of the four areas [...]
I've said it before and will continue to say it: budgeting should be easy and flexible. One of the top reasons people don't budget - or stop after a period of time - is that it feels rigid and inflexible. That's a shame because budgeting should be flexible! Today I'll explain a budgeting option called [...]
Carl Richards wrote the book The One-Page Financial Plan: A Simple Way To Be Smart About Your Money. It's a good read and I'd recommend it. I LOVE the idea of a one-page plan. It forces you to simplify and be concise. It also requires a certain amount of flexibility because, obviously, not every situation [...]
Today I'm going to share our personal budget percentages and categories we track. Remember, budgeting is an exercise in prioritization. Therefore, different people will have different allocations based on their own priorities. Your budget won't look like our budget. And that's okay! That said, it can be useful (or at least interesting) to see what [...]
Budgeting is the foundation of financial fitness. Are you budgeting? Do you want specifics on why you should be budgeting if you aren't? Here are seven reasons why budgeting is awesome and you'll be happy once you get started. Down below the seven reasons is a way for you to download free budgeting spreadsheets. These spreadsheets [...]
By now you've probably heard me mention budgeting several times (you may want to check out some of my other posts as well) and its role in getting out of debt and achieving total financial fitness. I believe a solid working budget is the greatest weapon against debt in anyone's financial arsenal. And you can't build wealth and reach your goal [...]
There are certain words and phrases in the financial world that no matter how they are used just seem to have a negative connotation. Words like "budget" and "savings", if we admit it, can just rub us the wrong way. In some relationships, they can even cause tension and arguments. What do these words have [...]