Category Archives: how to budget money

How to Save Money: Even Your Milk Money Counts

How to Save Money: Even Your Milk Money Counts

Do you find yourself saying that you don’t have enough money? Is it hard to find the pennies necessary to pay the bills? Saving money can be difficult at times for a lot of reasons. Whether it is because you are stuck in contract to lease a car or can’t stop yourself from buying the latest, greatest item, it can be hard to save money. The simple fact is that it is hard to postpone gratification when you get a “high” right now. The important principle in understanding how to save money is that every little bit helps… even your milk money.Continue Reading

We Set Up a Fun Budget

We Set Up a Fun Budget

I have previously talked about our jump in income over the past year. For those who don’t know, I started making a little money on the side from my new hobby and my wife got a promotion. We have been very diligent in saving and putting money towards retirement, but we never really gave in to some of our wants. Earlier we had been frugal by necessity, and now we have been faced with questioning what we want to do with our extra money. Continue Reading

How to Prosper

How to Prosper

Hopefully, you sat down and created your spending plan that I outlined in the spending plan post last week. It doesn’t take a lot of work, but will go a long ways to helping you prosper. Let’s focus on a bigger picture now. Follow these three rules and you will be on your way to financial success.Continue Reading

Your Spending Plan

Your Spending Plan

For those graduating college this month, before you lay unlimited possibilities. Your future is whatever you make of it. Many of you will be moving out on your own with your first “real” job. While this is a time filled with excitement, it is also filled with uncertainty. How are you going to pay for everything (including your student loans)? Luckily, there is a tool to help you. Most call it a budget. I call it a spending plan. I like a spending plan because it is a guide to help you achieve your goals. A budget on the other hand sounds like a restriction and implies negativity.Continue Reading

How to Increase Net Worth

How to Increase Net Worth

As many of you know, several months ago, I challenged myself with several short-term financial goals. One of them, which I haven’t talked about too much is to increase my net worth by 50%. For those who don’t know, net worth is the difference between your assets and liabilities. In other words, take all of your savings, retirement funds, and major assets and subtract your liabilities (loans, debts, etc.). Since my wife and I don’t have any loans or liabilities, this is a simple calculation. Find out why it is important to track your net worth and what we are doing to increase ours.Continue Reading

What to do with Extra Money – Update

As many of my readers know, a few months ago my wife got a raise. She had been working diligently to land the job that she wanted. As a result of which, our family finances saw a drastic increase in income. Before this point, we were scrapping by. We were still saving money and cutting every possible corner, but there wasn’t a lot of cushion. As a result of which, I had asked my readers what they thought the appropriate use of the extra money was. It has been a few months since I posted it, and I thought I would let you know what I did with the extra money.Continue Reading