You’ve tried to make a budget and stick to it, recording your expenses and income on a spreadsheet and keeping track of your spending. However, you still seem to always end up with more month than money. Where does it all go and what are you missing? Budgets are not easy to keep and there are many things that you could be doing which are unintentionally ruining your best laid plans. Here are a few of the top things which can get in the way of your goal to save money: Shopping When Hungry If you are in the habit of heading to the supermarket with a grumbling tummy, stop right now. … [Read more...]
How Diverse Streams of Work Can Help You Keep Your Cash Flowing
Here is a different approach to financial security that you might not have thought of: Imagine a full time job is like a large flowing river of income. With this one source, you have all of the financial flow that you could possibly need, and your expenses are covered in comfort. However, what about when something happens and the river ceases to flow? Your industry could experience a drought, or you could lose your job, causing the flow of that river of income to be dammed up forever.Since you only relied on one source of income, now that it has dried up you are completely up the creek without … [Read more...]
Five Things to Do With a Windfall Other Than Spend It Right Away!
Perhaps you have won the lottery, received an inheritance, or cashed in one of your investments, and now you have a large sum of money you don’t know what to do with. Although it is tempting to cruise around town in a brand new sports car it is important to think carefully about how to spend your newfound cash. To give you some ideas on the smartest way to use your new wealth, here are five things to do with a windfall other than spend it right away: 1. Erase Your Debt Your newfound money will allow you to clear up all of your debts, which will lift a huge financial burden off your back … [Read more...]