When it comes to Dave Ramsey’s baby steps it is really important to take stock of where you are financially and figure out how to get ahead. Once you’ve put away $1000 toward emergencies, there are two things you need to do in order to accomplish baby step 2, paying off all debt except your… Read More Budgeting and Getting Out of Debt Go Hand in Hand
My husband and I took Dave Ramsey’s Financial Peace course through our church a few years ago. It was at a time when we weren’t really sure how to invest in our future and while we were mostly debt free, we were relying on credit cards more than we cards to admit. Taking Ramsey’s course… Read More How Baby Steps Can Change Your Life
One of the questions that I come across quite often in various Facebook groups I belong to is, “Is there a benefit to keeping an account at a financial institution that I have had since before I was married?” The short answer is, no, there is no benefit. However, this answer does need to be… Read More What are the Benefits?
One of the things I love about summer is the fact that if you have kids and aren’t working full time, you can be as relaxed or as over-scheduled as you choose to be. During the school year there is a very definite rhythm to our home thanks to school, dance classes, art classes and… Read More Summertime
Just like a budget requires action. You can create goals or a budget but unless you actually take steps toward reaching your goals or move money to various accounts, you will make little headway. So how do we break down a goal to make it achievable? How do we create a budget that isn’t overwhelming?… Read More Goals Require Action
There are several ways to create goals but one of the best ways is to use the SMART method. It allows you to create manageable goals that can be broken down into actionable steps. So what does SMART stand for? Specific – What exactly what is to be done with the money involved? Measurable… Read More SMART
My daughters had their first dance recital with their new studio this weekend. For the past 3 years my girls have attended a studio in the next town over on Saturday mornings. But this year, my oldest would have been taking a few classes that were on two different days and her sister would be… Read More Is it cost effective?
What is the reason we are unable to keep ourselves on track financially? Most women I have spoken with say it has to do with accountability. Here are 3 tips I have found for staying accountable when it comes to spending money. Impose a 24 hour rule – don’t make impulse purchases. This is achieved… Read More 3 tips for budget accountability
One of the reasons so many people give up on budgeting is that it makes them nervous. It reminds them that they are irresponsible, makes them feel overwhelmed and it creates angst where there may not have been any. The fact is that you need to create a budget but you may not want to.… Read More “Budget” isn’t a dirty word
When it comes to a budget, I truly believe that the simpler you can keep it the better. Many times people seem to overcomplicate and get overwhelmed when looking at spreadsheets and graphs. While there is software that is meant to make things easy to manage, I find that it is best to use paper… Read More 50-20-30