Setting your monthly budgets can be overwhelming. When planning your monthly spending plan, it’s much easier to prioritize. You need to cover the necessities first and foremost, before doing anything else.
Getting on a budget and sticking to it is not easy. In most cases it takes several months and lots of trial and error in order to make it work. But getting it to work is key to your personal financial success. I cannot emphasize the budget enough.
Deciding to get serious about budgeting is one thing, getting the budget to work is another– it can be a real challenge. One way to make the budget work is to use an envelope system.
A marriage has a higher likelihood for success if a couple can agree on these 4 things: Children, Religion, In-Laws, and Money. I didn’t make that up, I just read it somewhere and I think it makes sense.
Do you ever feel like you just don’t want to look at your bank account because you don’t want to know how much is actually there? Ever dread getting a paycheck, because you know every dollar of it will be spent the same day paying bills?
As a kid, did you ever use a magnifying glass to fry a grasshopper on the sidewalk during a hot, sunny day? Well, that is the power of focus. Over a broad area, the sun provides light and warmth. But when harnessed through a small lens, it can fry a bug.
If you are going to get out of debt and stay out of debt, then you better become really good at budgeting. Budgeting is essential to winning financially and the key component to an efficient personal financial plan. An effective way to help you and your household stay within the budget is utilizing the envelope […]
Debt Paid to date: $25,545 Debt Remaining to date: $24,774 When I started this blog, my intent was to share my personal get-out-of-debt story with others in order to inspire and demonstrate that they could do the same. I wanted to share the knowledge I have gained along the way as well as my own […]
But before ye seek for riches, seek ye for the kingdom of God… And after ye have obtained a hope in Christ ye shall obtain riches, if ye seek them; and ye will seek them for the intent to good—to clothe the naked, and to feed the hungry, and to liberate the captive, and […]
A major factor in achieving financial independence and converting your life into one that is free of debt is learning to live on less than you make. Mastering this skill is difficult and it requires discipline, planning and budgeting, and the ability to say NO to that voice inside your head screaming “I want that!” […]
The first step, and the most important factor in debt elimination, is a firm commitment to reject debt… This change in attitude is not subtle or gradual but rather resembles the flip of a switch—it’s a resolute determination to make a clean break from the culturally accepted addiction to debt. –Luke V. Erickson […]