Christmastime can be expensive, but it doesn’t have to be. Check out how to do these 7 family Christmas traditions on a budget this Christmas season.
Should we invest money first or aggressively pay off student loans? It’s the age old question! See my response and weigh in yourself!
Jenni and I are working through Financial Peace University this fall and I thought I would do a companion series following the main principles and lessons from our classes. This particular article is based off of the lesson: Super Saving. If you haven’t taken Financial Peace University, I would highly recommend and encourage you check it out as it has completely changed how we handle our money and has allowed us to make a huge turn around in our finances as well as other parts of our marriage as well. What do you expect to be your greatest challenge as […]
Formulating a household budget is important to put the family finances in order. Though, there’s no such formula for creating an ideal household budget, there are some basic strategies which can help you create a proper monthly spending plan. Remember, your budget should be ambitious, but realistic. At first, start with paper and pen to compose a budget according to your lifestyle. It will help you to become familiarized with your income and expenses. Gradually, consider using a spreadsheet program for easy updating. Though, the whole task is not so easy, you need to understand that the key to making […]
There are a ton of financial challenges out there. Today, I am going to feature a few that I feel would be great for you to look at and possibly try. Challenges are great and allow for us to focus for a certain amount of time on a goal. I don’t think that going through these is ever going to result in someone being worse off then when they started. Take a look through the list and make sure to click over to get more info from the websites I’ve linked. I would love to know if you’ve taken these […]
Emergencies happen all the time. Dave Ramsey commonly says “it’s not if they will happen, it’s when”. We know that we have to prepare for unexpected events to come up and rear their ugly head at some point. How do you handle emergencies when they happen? There are people out there that use a credit card as their emergency fund. Heck, for a little while we have done this as we build up ours. I don’t recommend going this route as common sense would ask, “why are you adding more debt during an emergency”? As we build our emergency fund, we are […]
Cutting costs to some simple things in your life can really help save money in the long run. Check out these simple things I’ve given up to save money.
We all know that we should have some savings on hand in order to give ourselves margin and put a gap between us and our problems. The bigger our emergency fund, the better prepared we are if something is to happen that is not budgeted for and can’t wait to be put into the budget. Emergencies include, but are not limited to: Furnace going out in the dead of winter Having to fix your car because something went wrong like the transmission went out The roof starts leaking Emergency visit to the hospital These are things that happen, but we […]
So, you’ve been working hard to earn more income, you have been putting in the overtime and making yourself as productive and useful as possible. The boss finally realizes that you are worth more at your job and decides to give you a raise. Yay! What do you do with the extra money you are making? I think this question has a lot to do with where you are at in your path to financial freedom. If you still have debt and are still working to pay it off, then your choice is easy, just apply the extra to your […]
Alright, here goes! My first real Budget Report/Net Worth Update! What Happened This month was a pretty good month overall, but I think with how the paychecks fell at the end of the month, our stats were showing a little skewed. We will see next month anyways. We got a good chunk of money put away into savings this month getting us all that much closer to our Fully Funded Emergency Fund of 6 months of expenses! Can’t wait to get that done so that we can start investing, saving for kid’s college and paying off the mortgage! Net Worth […]