There’s a lot of talk about what you need to build wealth, from a purely financial point of view. Things like a matched 401K, a solid savings habit and a great investment plan. But there are also things that are nothing to do with money itself, that can really help when you’re trying to build […]
We all have fixed monthly expenses. They’re the ones that are seemingly non-negotiable. The ones where there’s little or no wiggle room. Things like rent, car payments, utilities, cell phone plans, and student loan repayments. Whereas we can always cut our expenses in any given month by eating out less, shopping less, or just generally […]
Financial planning for couples can be so much easier if you stop trying to balance, juggle, consult, and compromise on absolutely everything, and accept that couples can choose, if they wish, to manage their money on the basis of “his, hers, and ours”. (Quick caveat: Yes, of course, this can also be “his, his and […]
Almost a century ago, in 1926, George S Clason published his widely acclaimed book, The Richest Man in Babylon. The ‘twist’ is that the book isn’t set in 1926 at all. It’s set in ancient Babylon, and the story is presented as a series of snippets of advice, supposedly given to an poor chariot builder […]
Make a budget and stick to it. This is possibly the most basic, and most regularly repeated, piece of personal finance advice there is. It’s also a very simple concept. There’s a straightforward process for working out your expenses and designing a budget. It’s the ‘stick to it’ bit that’s not so easy. People tend […]
No matter how overwhelming your debt might seem, there are three easy steps you can take to help you get back on track. Assess: How Much Debt Do You Have? You can’t get debt under control until you know exactly what you owe, and what you’re paying back (or not) each month. Not knowing what […]
There are a lot of reasons we take on debt. From student loans to medical expenses, mortgages and car loans, it’s rare to meet someone who is completely debt-free. Some of us even insist that taking on debt is a positive thing, because it helps us build our credit score. Moderate amounts of well-managed debt […]
The lifetime bill for impulse spending is over $300,000, so learning how to avoid impulse spending, can unlock some significant savings
Stop telling yourself you need to take on more debt to “build your credit”. There are better ways to improve your credit score.