Different Ways to Use Your Tax Refund or Stimulus Check

Photo by Ketut Subiyanto on Pexels.com

If you’re like me, you’re always looking for the best way to manage what you have and what you’re responsible for. And let’s be honest, there are very few things that will thrive if they’re completely left alone anyway. Houses have to be lived in and cleaned. Plants have to be watered and exposed to the sun. Vehicles have to be driven, even if just once every week or two. Lawns have to be mowed. You have to eat nutritious food, drink water, wash your body, and brush your teeth. Because what happens when these things don’t happen? Things fall apart, they breakdown, or get out of control. There is chaos and even sometimes decay or death when things are not managed or not managed properly. Don’t think of your finances as any different. Take care of it, manage it well, get advice and seek help when there’s something you don’t know how to do. If you leave your finances alone, you might be dealing with chaos later.

Continue reading “Different Ways to Use Your Tax Refund or Stimulus Check”

Practically Paying Off Debt

Image by Schäferle from Pixabay

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”

Budgeting Basics

Photo by Dziana Hasanbekava on Pexels.com

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”

Cash, Credit or Debit?

Image by Michal Jarmoluk from Pixabay

Hi guys! I hope you’re having a great week so far. We’ve been spending a lot of time talking about building a good foundation for financial freedom. Today, I wanted to switch gears a little bit and talk about the actual act of spending. We all know the best way to be debt-free is not to get into debt in the first place, but is that really possible? Is it better to only use cash? For everything? Would debit cards be better? Are credit cards just a gateway to destruction? Let me tell you how I handle each one.

Continue reading “Cash, Credit or Debit?”

Rainy Days

Photo by Kelvin Franu00e7a on Pexels.com

Hi guys! OK, it’s been about three weeks since you’ve started tracking your expenses. You’ve had a little time to look at your current spending habits and see where your money is actually going. Is it what you expected? Are you totally surprised? Chances are, this exercise was eye-opening, even if just a little bit, but that was the point. For you to see exactly where you are. Now, let’s move on to the next step… building a little cushion.

Continue reading “Rainy Days”

Financial Check-Up: Where are you now?

Financial Check-Up: Where are you now?
Photo by Andrea Piacquadio on Pexels.com

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?”