No matter how much or how little you’re paid, you’ll never get ahead if you spend more than you earn. This little piece of wisdom is incredibly common sense when you think about it, yet with so many Americans in debt it’s clear that not everyone follows it in practice. Living within your means is one of the best ways that you can save your money and set yourself up for financial freedom and prosperity. Living within your means is very simple, it means that you are spending less money than you are making. This allows you to put the extra money into a savings account so that … [Read more...]
Creating a Holiday Savings Fund
Do you find that every January, you stare at your credit card bill and your bank balance in horror, shocked at how much money you spent in December on presents, holiday treats, decorations, special outings and more? The holidays can be a very expensive time of year, and many people tend to get carried away and sentence themselves to a January of barely scraping by. However, if you plan ahead for next Christmas, you will be able to buy all of the presents you need without even batting an eye or seeing your bank balance dip even once. How can you do this? Create a Holiday Savings Fund It’s … [Read more...]