Budgeting

Editors Pick

Here Are Some Unusual Ways to Motivate Yourself to Hit Your Financial Goals

Paying down debt and saving for retirement have a lot in common with starting a diet. They’re all something you plan on doing “tomorrow.” Except that there’s always another tomorrow when tomorrow rolls around. Much like a diet, financial responsibility is something you need to feel motivated to tackle. Otherwise, the first jelly donut (or…

How Much Do You Really Need to Spend on an Engagement Ring?

The pandemic has put the wedding industry mostly on hold. However, we are now starting to see more and more people think about tying the knot again. Just last week, I had two of my friends announce their engagement. I don’t dare to claim I know everything about why the ring is such a big…

How to Pay Off Debt Using the Lasso Method

You’ve heard plenty about the avalanche and snowball methods for paying off debt. They definitely have their merits. But don’t get buried in calculations or smacked in the face with a bunch of little debts that gang up on your savings. Instead, use the lasso method. It will wrangle your debt and put yourself on…

Try a Kakeibo Budget To Be More Mindful With Your Money

There are plenty of budgeting methods out there. There’s the envelope method. The 50/30/20 philosophy. There are apps and software programs that help you keep track of it all. No matter which budgeting process works for you, most experts agree that making (and sticking to) a firm budget is paramount to financial success. That being…

Why You Should “Close Out” Your Budget Every Month

You hear it a lot. You absolutely need a personal budget. Every financial expert will tell you. There are multiple articles on this very site that help guide you towards building and maintaining a successful budget. You can even download multiple apps to help you out. It’s important! How will you ever feel in control…