Once you have setup your budget, the next step is to physically organize your money. That is, where you will keep it and allocate it to different items in your budget. We call it ‘Envelope Budgeting’ because you will normally use an envelope or some sort of a folder to store your money and organize…
Month: December 2010
Creating your First Personal Budget, Step by Step
With our website being focused primarily on finance and budgeting, we thought it is only logical that we make one of our first articles about budgeting. More specifically, how to create a budget, for those who have never created one. You can do the budget either on a piece of paper, or on the computer…
Diversifying your Sources of Savings will Maximize your Future Wealth
Putting your money in a savings account is not the only way to save and grow your money. It is just one of many. Generally speaking, and based on my own personal experience, the more sources of savings you have, the more money you can save. In other words, don’t put all your eggs in…