In this article, we’ll cover: What Is the 50/30/20 Budget Rule? How the 50/30/20 Rule Works Example Budget Using 50/30/20 Why the 50/30/20 Rule Works Common Mistakes to Avoid Helpful Tools & Budgeting Apps Who Should Use the 50/30/20 Method? Can You Customize the 50/30/20 Rule? Frequently Asked Questions Final Thoughts What is the 50-30-20…
Making the most of your money isn’t always easy, but having a simple system to track your spending can make a big difference Budgeting is one of the most powerful tools you can use to take control of your finances, and one simple, tried-and-true method is the cash envelope system. This method not only helps…
If you are experiencing debt problems, especially your credit card bills and loan accounts. There are things a good budget plan can do to help you pay off these debts and get back on track. If you find that you are living paycheck to paycheck then, now’s the time to take the necessary steps to…
Have you tried negotiating for a better price or rate? If you haven’t then, it’s about time you start! Always remember that settling for the first offer you will receive can cost you! I used to be so embarrassed when we would be at a store and my mom would start trying to get the…
Want to improve your budgeting strategy? Consider these ten tips on how you can make the plan work: Have a short-term and long-term strategy. Instead of just focusing on a monthly budget, consider your annual budget plan as a whole. Where do you want to be at the end of the year financially? Do you…
Build Your Savings Account While Building Your Credit Most of our readers are here to rebuild their credit. Did you know there are secured credit card companies that will let you add to your security deposit every few months? It’s a great way to not only improve your credit score but to save some…
How many people made themselves a promise at the close of 2019 that 2020 was going to be different? This was the year you would get your credit straight and dig yourself out of debt? Our reason “WHY” we decided to create a budget We made that promise to ourselves back in 2019. Our problem…
Do you want to know how to become debt free? If so, one of the things you need to learn are good financial habits. It is a fabulous feeling when you find yourself debt free. There is freedom in knowing that you will not have to make payments to creditors. To avoid accruing more debt,…
The Halloween season is fast approaching and as the month of November draws near, cardholders are advised to be more aware of how they use their credit cards to avoid being tricked. So how can you make sure that your credit card is treating you fairly and not trying to trick you? Consider the following…
The golden years – a time to relax, a time for recreation, freedom from labor, responsibilities, a time for a new self-discovery. The prospect of the early years of retirement may well be a welcome occasion for many. But in many instances, the golden years turn out to be anything but golden.