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 […]
What do millionaires have in common? This question really is key to understanding wealth building. If we want to become wealthy we should study the habits of those who have achieved financial freedom. How do we do this? We turn to the experts who have studied the habits of millionaires and share with us how to build wealth. Which brings me to this book The Millionaire Next Door which is a great read. It is also available as an audiobook. In The Millionaire Next Door, by Thomas Stanley and William Danko, we read that the authors spent 20 years interviewing millionaires. The authors […]
My wife and I have paid off over $27,000 in student loan debt in just 2 years. This is our story of how we got on a plan and started building wealth.