Tag Archives: budget

5 Ways to Regain Control of Your Personal Finances | Getentrepreneurial.com

Few things feel worse than not having a secure financial life. But this isn’t an uncommon phenomenon. Only about 30 percent of people in the United States are in a situation that’s considered “financially healthy.” If you’re in the majority, you probably want to have more security in your life. Here are five ways to regain control of your personal finances.

Read More

A Mental Toolbox for Avoiding Unnecessary Purchases | The Simple Dollar

First, let’s start with looking in detail at how I handle non-essential purchases (things I don’t strictly need).

If I don’t need something and I’m considering buying it, I put it on a list that I keep on my phone. I just type in what it is and add an online link if there’s one available.

Sometimes, if an item isn’t too expensive and I haven’t spent much of my incidental/hobby money for the month, I might just go ahead and buy the item spontaneously. I budget a certain amount for my hobbies and for such purchases each month and so some smaller purchases will come out of that money in a spontaneous way, but that’s the exception rather than the rule. An example of this: recently, I bought a couple bottles of seasoning at Trader Joe’s that we really didn’t need. I just wanted to try them out and they weren’t too expensive. I didn’t add them to any list – I just bought them.

Read More

Nine Strategies for Fixing Common Budget Problems | The Simple Dollar

Budgets are an amazing tool for getting a clear picture of your financial situation and for planning for the future. They make it possible to see, in one overall place, the exact state of your monthly spending. You know where every dime is going. You know why every dime is going there. You can also see exactly where your financial situation is headed if you stick to that budget.

Sarah and I used a very tight budget during the first few years of our financial turnaround. It provided us with a very specific plan for how we should spend our money, how much we could put towards debt every month, and so on. Along with our debt repayment plan, our budget paved the way to debt freedom.

We still budget, but it’s not as tight as it once was. Mostly, we use it as a guideline and as a way to model our expenses and savings into the future. Of course, budgeting isn’t always that easy. It can be a challenge – particularly at first – and there are many potential pitfalls along the way. Here are nine of the steepest challenges we’ve faced while budgeting and the solutions we use to make sure that they don’t happen again.

Read More.

The real reason you’re broke | Squawkfox.com

If you’re broke, please don’t email me to whine about it. I know money sucks when you’re stretched to the limit. I know buying a house is expensive. I know credit cards can be devices of torture masquerading as shiny pieces of plastic pleasure. I know buying quality foods can cost more than buying processed crap. I know that digging oneself out of a pit of dark debt seems insurmountable. I know that school is expensive and paying back that massive student loan is difficult, especially when your degree pays peanuts. I know life is hard. I know being single is expensive. I know being married is expensive. And there’s no doubt that getting divorced can be a drain too. I don’t have kids, but I hear they ain’t cheap either. Yes, working two (maybe even three) jobs is exhausting. I haven’t been all of these things. Maybe you have. But on the surface all these reasons for being broke are just the result of a much bigger problem. So if you’re ready to stop complaining about life’s circumstance, then here’s the remedy — the real reason why you’re broke.

Read Article.

Politicians Won’t Stay Bought | Peter Mehit

In a casual conversation someone quipped, “You know the real problem with politicians…they just won’t stay bought.” There was muted laughter. It’s too true to be funny.

Politician. The word has precise sound to it, as if your mayor had been called by God to run. As if people go into public service like it’s a ministry. For the good of all with pure, honorable intentions.  But the job is nothing like that. It’s a lot of arm twisting and ear bending by people all wanting you to do conflicting things. And in the end, nobody’s really happy with you. As Parker and Stone pointed out, the public sees you either as a ‘Giant Douche’ or a ‘Turd Sandwich’. Why would anyone want a such a shitty job?

Power.

Continue reading