Wait a second! How did my Netflix monthly cost go up more than 200% without me paying much attention? I remember, not too long ago when it was $7.99 but has somehow skyrocketed to almost $24! In fact, since March 2020 – right when the Covid Pandemic were starting – the price has gone up…
Category: Budgeting
5 Simple Tips for Sticking to a Budget
Budgeting is the process of creating and managing a plan for your income and expenses. It involves tracking your financial inflows and outflows to ensure that you are allocating your money effectively and in line with your financial goals. Budgeting helps you prioritise your spending, control your expenses, and make informed decisions about how to allocate your resources.
The Smart Way to Save for Big Purchases: Strategies for Success
You’re cruising along with your trusty car, and everything seems fine. But let’s face it: in 5 years, you’ll eventually need to replace it. It may seem daunting to start saving for such a big purchase so far in advance, but here’s where you’re mistaken. Now is actually the best time to kickstart your savings…
What to do with new extra money in your budget? The good and the bad!
When new money comes to you or is freed up from your budget, you are free to spend it as you like, since it is your money after all. But there are better uses for it than to just spend it. Think of this as money you never had, hence it doesn’t make sense to just blow it on useless purchases
Breaking the Spending Addiction : A Guide to Reconciling Your Budget and Spending Habits
As it should be clear by now, our personal budget is a way of controlling our unlimited wants to match our limited incomes. We only have so much money to spend, save and enjoy. But what if your budget just can’t accommodate your excessive spending? So much so that your paycheck doesn’t cover your spending,…
Simple Budget Cuts you didn’t Think about which could Save you Thousands a Year
As inflation eats into our hard earned and saved money, it is time to fight back by making these simple but necessary cuts to our spending.
Make 2013 your best money year ever with this simple 5 step list
2013 is almost here and it is time to think about your finances for the new year and how to ensure they are in their best shape ever. With these simple steps and checklist, you can make it your best year ever. Most of these are things we have talked about extensively in the past,…
Easy solution to reduce spending: two bank accounts
Do you find yourself spending your paycheck within a few days and then nothing is left to pay off your bills, let alone for savings? There is a simple solution: having two bank accounts. One will be your central and main account, where your paycheck is deposited. You will use this to pay off bills….
If you Budget for it, you won’t feel the pinch!
I noticed something about the way I pay for big purchases which may not be very obvious to people often: if I have budgeted for a big purchase, I will actually pay for it with a smile. In other words, I am not feeling a big pinch from having to pay so much money for…
Family Budgeting for a Happier Life
Should a married couple have one family budget or should each do it on their own? To begin with, it is best that we have a budget, period. As to the question of what is better, a combined or separate budgets, that is up for discussion. Best way to Budget as a Family Most families…