Being in a mature relationship is all about sharing…or is it? It generally is, until the matter of finances comes up. This topic, according to a recent survey, is where about half of the couples go in separate directions. That is, they prefer to maintain their own bank account, separate from their partner.
If you and your partner find sharing expenses a big hassle, then splitting finances might be just what works View full post…
If you were asked to think back through your own life, and name the one item that topped the list of money management tips, what would it be? We would get many different answers on that question, but the one that tops the list, is create an emergency fund.
Many individuals ask why? There are so many “emergencies” in life that can happen. An unexpected root canal, extensive car repairs, a home large appliance dies, or even worse, you could lose your job. If you don’t have the cash to cover these items, many look to a credit card or even a personal loan, to cover it.
Budgeting is one of the most effective ways to prevent debt overload, but can also be used when getting out of debt. Budgeting doesn’t cost a dime, but does require commitment and a strong ability to rise above the temptation to buy unnecessary items.
In a nutshell, budgeting teaches consumers to spend less than they earn. Unfortunately, many Americans are not familiar with the term ‘household budget’ or the concept of living within their financial means. Failure to spend less than earned often results in massive credit card debt, real estate foreclosure, and personal bankruptcy. View full post…
Yes, we know that budgeting has a bad reputation with many individuals. However, our 5 budgeting tips should make it a bit easier for you in creating a budget. So many individuals have a pre-conceived idea that a budget means calculating hundreds of difficult sums and spending many hours each week tracking every single cent they spend. They think it means being forced to stay at home and never having any fun.
The truth is nothing like this at all. Below are 5 budgeting tips that will prove this idea is wrong.
Online budgeting software has worked for many individuals. However, as you learn how to manage your money, you’ll find that there are numerous methods that work. Some folks like the online method and others prefer software on their own computer.
Some say they don’t like a budgeting software program at all, and would rather use a spreadsheet. Some individuals who have tried it said that they had more questions that actual solutions. By far, the biggest complaint was that a user seemed to not have control of their finances.
Reading blogs about budgeting can help singles and families to find more creative ways to stick to a personal budget. The current economy has been an unstable one for a few years in a row and this leads to more and more individuals and households taking extra measures to learn how to budget your money and do their best to stick to them.
Many individuals live paycheck to paycheck and some are not always certain if they will have a job next month or next year.
As more businesses continue to close and the unemployment rate continually goes through a roller-coaster ride, sticking to a personal budget makes more sense now than ever for many individuals. View full post…
If you want to have less stress in your marriage, we suggest that you prepare a household budget now. Whether you are a young couple contemplating marriage or seasoned veterans, you can make your lives a lot easier by creating a family budget. We know how difficult it can be to take that first step, simply acknowledging that you need one. Financial problems in a marriage can and do take their toll on so many couples.
Some don’t make a household budget because they don’t like feeling constrained by pre-planning their purchases, while others simply have no idea where to begin. Even the word budget sounds daunting. The good news is that there are many budgeting software programs available that can help guide you past any obstacles you might encounter when trying to create a new budget. We’ve written several articles that offers some tips to help you choose the best software application for your individual needs. View full post…
Are you fed up with using Excel spreadsheets to manage your budget? They are, after all, bare bones and will work, but you don’t get many types of helpful reports like you do in a good personal budget software program. You may find personal budgeting software online as well.
Trying to find the best one for your situation can sometimes be confusing at best. Just do a search on the internet for personal budgeting software, and you’ll get millions of hits.
Learning how to budget your money, for many, seems like a very difficult task. Many have a tendency to rationalize that they don’t have enough income to be concerned about creating a budget. They also think that their money ends up paying bills with a few dollars left for miscellaneous items.
The reality, however, is that by learning how to budget your money now, you will be prepared to handle a more complex budget later on. View full post…
A quick search on the internet for the search term how to create a budget, will result in millions of hits. You will discover everything from individuals advising you how to budget money to others selling some software program to make the job easier.
Some of the software programs that tell you how to create a budget run the gamut from very basic to highly complex with a large variety of reports. Many of the programs are similar, but you will eventually find a few that may suit your own particular budgeting personality better. Finding one of those will definitely make the job easier for you. View full post…
