Do you wish your personal financial life had a check engine light? Wouldn’t it be nice if when things weren’t going right in your financial life that something would light up on your dashboard and tell you that you needed to get it fixed?
I wanted to share some common mistakes people make with their personal finances. I am not picking on anyone, believe me, I have made most of these mistakes myself. And if you find yourself in a situation where you are being affected by these money mistakes, I’m hopeful you can look to my experiences for a little inspiration and hope. I’ve been there myself– I am a recovering money mistake-maker.
First of all, if you haven’t done your taxes yet, this is a good reminder to get on it. You still have time. Not filing your taxes is not something you want to mess around with.
So you’ve filed your taxes and you’re getting a refund– What are you going to do with it? What should you do with it?
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.
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.
Since I began my journey to live debt-free, I’ve come across a whole lot of naysayers who seem to think my new perspective on money and debt is flawed. People are always trying to influence me and debate with me on why I should be in debt, or why it is ok to go into […]
Total Debt Paid: $24,992 Total Debt Remaining: $51,984 Pay the debt thou hast contracted… Release thyself from bondage. (D&C 19:35). The snowball just isn’t moving as fast as it used to. But I’m not giving up on my goal of getting out of debt. If you are in debt and have found the […]
“If there is any one thing that will bring peace and contentment into the human heart, and into the family, it is to live within our means. –Heber J. Grant We’ve all heard the clichéd phrase “money can’t buy happiness.” Though having money does not lead directly to happiness, being in control of our finances […]
In a recent survey, a simple question was asked, “If you were to face a $2,000 unexpected expense in the next month, how would you get the funds you need?” Alarmingly, of those polled, nearly 50% responded that it would be unlikely that they could secure the funds. This study suggests that half of all […]
The Emergency Fund A major component to winning financially is having an emergency financial reserve available at all times. And NO, a credit card or home equity line of credit or a quick trip to the local pay-day lender is not considered a good plan for a financial reserve. Instead, these things will only perpetuate […]