If you are in debt, you might be happy where you're at. However, there's a good chance that you've come to despise your debt and have resolved to live debt free. In this case, there are a number of strategies to pay off your debt. You could just make minimum payments on all your debt. This would be the least painful in the short-term, but of course would mean staying in debt for longer. To pay off . . .
You need a budget. Period. A budget ensures that your money goes to things that are important to you. A budget also ensures that you maintain a positive cash flow- meaning you don't spend more than you earn. Budgeting basically divides your money between needs, wants and goals. Or I should say needs, goals and wants, since that should be the priority order. If you don't use a budget, even . . .
Credit cards are everywhere in our society, yet they can be a touchy subject. And although many people use credit cards, few people really know how credit cards work. Credit cards are convenient and easy and come with several perks, and they have ruined people's finances in the blink of an eye. They can be a superhighway to high interest consumer debt that is near impossible to get out of. Some . . .
When you're living on a budget, the little things count. This is a list of things that I do to save money. Should everyone have the exact same list? Of course not. Everybody values various things differently. I'm sure there are things that you do to save money that I'd much rather pay more for (like oil changes), and there will be things on my list that you'd rather not do. But hopefully there . . .
Spending within our means, or more specifically, keeping our expenses below our earnings is what makes personal finance work. Accomplishing this requires self-discipline and budgeting, but becomes much easier when you learn contentment. What Is Contentment? Contentment is learning to be happy in whatever situation you find yourself. Contentment is a mindset change. It involves . . .
Choosing to live debt free can be one of the most liberating choices you'll make, impacting far beyond your finances. A debt free life makes you flexible and resilient and frees you from lots of worry. Perhaps you've never been in debt before, or perhaps you've paid off all your debt. Or you might be currently paying off your debt, with the debt free life as your goal. Either way, having . . .
Personal finance experts and bloggers love talking about net worth. Many people re-calculate their net worth on a monthly basis. It's a fun statistic in your personal finances that can give you a broad idea of what direction your finances are going. But too often it is misused, over-tracked, and over-valued. Net Worth Misused Using your net worth to examine your own finances is one thing. . . .