Tag: financial planning

Budgeting & Finance

Practically Paying Off Debt

by Jan's Life
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.

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Budgeting & Finance

Budgeting Basics

by Jan's Life1 Comment on 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.

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Budgeting & Finance

Rainy Days

by Jan's Life3 Comments on 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.

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Budgeting & Finance

Financial Check-Up: Where are you now?

by Jan's Life1 Comment on 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.

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Budgeting & Finance

Where do you want to be?

by Jan's Life2 Comments on Where do you want to be?
Where do you want to be?
Photo by Keira Burton on Pexels.com


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?

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Budgeting & Finance

Cash Flow Christmas

by Jan's Life1 Comment on Cash Flow Christmas
Cash Flow Christmas
Photo by Karolina Grabowska on Pexels.com

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….

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