Category - Budgeting

1
How to Save On Holiday Spending
2
How to Tackle Debt
3
Family Financial Lifecycle
4
Investing 101: Things to Think About Before You Invest
5
What To Do With That First Paycheck

How to Save On Holiday Spending

It’s that time of year when Thanksgiving comes and goes and before we know it Christmas will be upon us. For many people, this time of year means the giving and exchanging of gifts to family, friends and loved ones. It also means that many people will be worried about their spending over the Holiday season; with concerns of how to budget, going over budget, or amassing unwanted amounts of credit card debit.

Here are some ideas to help keep your Holiday spending in check in order to stick to your budget and avoid the trap of credit card debt …

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How to Tackle Debt

It can easily happen. Whether we’re trying to keep up with the Joneses or investing in our education, sometimes debt can add up quickly. The good news is that debt can be erased. However, sometimes what we know we need to do is different from actually doing it. Here’s a game plan to start chipping away at your outstanding debt. With time and persistence, we can eliminate debt and increase our net worth.

Let’s start with some definitions of debt. Debt is debt, but there is some that is generally better than others. Mortgage debt isn’t considered bad debt (unless …

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Family Financial Lifecycle

In 1985, an MIT professor won the Nobel Prize for a simple technique that squirrels know intuitively from birth — you have to “squirrel” away some nuts during times of plenty so you can survive during times of scarcity. Economist Franco Modigliani won his Nobel Prize for modeling how humans manage their household finances over a lifetime.

Modigliani looked at the income and expenses of typical people over their life from the time they entered the workplace, raised their families, and retired. He found there were times when the household’s income was more than sufficient to meet their expenses and …

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Investing 101: Things to Think About Before You Invest

I recently read an article called “Ten Things You Need to Do Before You Start Investing” on The Simple Dollar.

In general, I think the author made some good points. He recognizes that not everyone is in a position to immediately throw a bunch of money into the financial markets and have that turn out well. He brings up the mindset that you need to have and a few things to put in place before starting to invest.

Here are his 10 points:

  1. Your Net Worth Needs to Become the Primary Personal Finance Number You Care About
  2. You
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What To Do With That First Paycheck

You’re graduating, which is exciting and probably a little scary. Congratulations!

Hopefully you have gotten, or are working on, getting a job.

Once you’ve landed that job you will have a (hopefully) steady paycheck and need to figure out how to handle your own finances. You probably know that you should spend less than you earn, but that is only part of the equation, and spending money on utilities sounds less exciting than spending money on fun things. You will have to learn to balance your budget and desires.

Here are some tips for thinking about where this new …

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