A budget is the number one tool for financial wellness, tells you what should be happening with your money. Here some tips on how this plan could be successful and realistic. Tips for a sustainable budget Your budget is your number one tool for financial wellness . The reason for that is that a …
The schools opened at the beginning of September , my back to school sinking fund was used for buying the school supplies , so it is about time to consider saving for Christmas. Christmas is my favorite time of the year and when I became a mom I wanted to create magical memories for my …
Your money is a tool, and may be you know this because you’ve had a negative experience with the pursuit of your goals. There are two parts to our minds – the conscious and the subconscious. When we learn and we plan, when we decide we are going to do better, we are using our …
Today as I was preparing my notes for my next call, I remembered that this new mama I am going to meet asked me to give her some tips on meal planning. We had some issues in estimating her weekly grocery shopping and I advised her to do a shopping list before she go …
When I decided to leave my job I knew that working for yourself or have an irregular job schedule, budgeting on a variable income can be tough. So how do you budget when you don’t know how much you’ll be making? While it may seem that budgeting with a variable income is impossible, there are …
Cash Flow Forecast Flow is a beautiful tool for visualizing your finances changing over time, so that you know when you’ll hit your goals. Being able to look into your future cash flow lets you see how well you’re doing so you can make adjustments and better achieve your goals. Cash Flow Measures the Movement …
Most couples want to avoid talking about their financial habits and other times are afraid of having an honest communication about finances. Here it comes some questions you could ask your partner in order to be on the same page about your values and your goals. In my case I am responsible about …
The definition of an accountability partner is a person who coaches another person in terms of helping the other person keep a commitment or a goal and follow through. A reaserch was published and showed that not having an accountable partner to help a person accomplish their goal is one reason 92% of people did …
Teaching kids about money can be challenging – it’s a pretty abstract concept, especially since kids rarely see people using actual cash these days! Also teaching kids about money and how to make efficient money decisions can be a really stress-inducing thought. If you as an adult have any money stress , the …
A sinking fund is an efficient way to save money by setting aside a little bit each month in every category of your sinking funds . The term “sinking” likely refers to the decreasing level of debt remaining as it gets paid off. So every month you keep a note in your budget …