Hi guys! This week, I wanted to talk more about a practical application of paying off debt. Last week, we touched on the avalanche and the snowball methods of paying off debt early. The avalanche method focus on paying off the debt with the highest interest rate first. The snowball method focuses on paying off the debt with the lowest balance first. Using the monthly net pay of $2,500 that we started with last week, let’s take a detailed look at the snowball method.Continue reading “Practically Paying Off Debt”
Hi guys! I wanted to do something a little different today and give you a tool that you can use to help customize your budget. It’s nothing fancy, but it works for me. You know how much money is coming in, and by now, you should know how much money is going out. Let’s start telling it where to go instead of wondering where it went.Continue reading “Budgeting Basics”
Hi guys! To get a good foundation on our finances, we need to do one more important thing: a check-up. Yep, your finances need to have check-ups too. One thing that was very apparent in 2020 was that the vast majority of us were not in good financial health, and a lot of people are still feeling those affects. Incomes have changed, living situations have changed, and for many families, medical expenses have changed as well. I think most people genuinely want to get a good handle on their financial situations but just don’t know where to start.Continue reading “Financial Check-Up: Where are you now?”
Continue reading “Where do you want to be?”
Hi guys! One of the biggest lessons that I learned from 2020 is the importance of good financial planning. So many people found themselves in situations that they never thought they would. Losing their jobs not only meant losing their income. It meant losing their insurance, their homes, their vehicles, their freedom and more. I’ve heard it said a thousand and one times throughout the past year: one source of income is not enough. But what do you do if one source of income is all you have?
Hi guys! Aside from the ‘2020-like’ events that have happened so far this year, I hope 2021 is treating you well. Not too much has changed for me. I’m still teleworking and doing curbside pickup for the most part for groceries and other household items. This week though, I physically went into a few stores (with my mask on) to get my groceries. I didn’t spend too much money but afterwards, I realized that I did something that I hadn’t done in a very long time.Continue reading “Curbside Pickups: More Expensive or Save You Money?”
Hi guys! I want to take you back to a Christmas past. I was eagerly trying to finish my shopping early and find all of the perfect gifts for my loved ones. I wanted money to be no object, so if I found something that looked like the perfect gift, I bought it. My only plan was to just pay my credit off after all my shopping was done. No budget. No limit. Just shop and pay the bill later. Now, I want to make sure I’m very clear with my next statement here….Continue reading “Cash Flow Christmas”
Up next in the Dollar Tree Spotlight are these 4-gallon trash bags. I use these in the small bins in my bathrooms. They’re big enough to fit all the small trash and tissues generated from getting ready every morning, and small enough to be a great chore for my 6-yr old. He’s responsible for taking the trash out of the bathroom every week… win-win!