When reading about how some people fell in deep debt, the story is almost always the same: it often starts when they were students in college or university. There, they are offered credit card after credit card by different companies, where the offer is too good to resist for a young person. And you know…
Keeping a Log will Expose your Financial Leaking Holes
It is a mystery how we can spend so much money, yet not know what we are spending it on. We know the obvious items, gas, grocery shopping, phone and utility bills etc. But what about those ‘hidden’ items that we spend on, yet are almost not aware of them? These are like leaks or…
Best ways of Utilizing Twitter for your Budgeting and Finance
Twitter can help you save money, if not make money! That much is known, and it is a good way to get us started with this article. How? Let us find out. Twitter is arguably the hottest thing on the web at the moment. Even more so than Facebook for a lot of people (it…
Gas Budgeting could Save you lots of Money
When creating your budget, and assuming you have a car, one important item is your gas spending. With gas prices always on the rise-with the rare exceptions here and there-it is important to have a good idea of how much money you need to allocate to filling your car. Fixed or Flexible amount? Should you…
How can others Afford big purchases while you can’t?
Your friends and coworkers are buying new cars, taking vacation after vacation, and seem to be able to afford anything they wish to get their hands on. You on the other hand, can’t find money to buy even the affordable items. Why are your friends and others around you able to afford these items while…
Budgeting is about Organization not Restriction, Efficiency not Sacrifices
Talk about ‘budgeting your money’ and some people get the wrong idea. They picture people restricting themselves from spending money, sacrificing their fun, and other unwanted and boring things. But they got it all wrong. The fact of the matter is, setting up a budget helps you do everything you need. Without a budget, your…
Wealth and Health: more Related than you Think
Can good health lead to more wealth? Conversely, can being wealthy lead to being more healthy? There are a multitude of answers to these questions, but in general the answer is YES in most cases, especially when you take the time to analyze the relationship between the two (health and wealth) Being Healthy is Good…
What is and how to set up ‘Envelope Budgeting’
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…
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…