When you think about budgeting, it’s easy to assume that a monthly budget is the best. Is that true? And if not, why not? Is weekly budgeting better than monthly? Some financial advisors say yes, and their reasoning makes a lot of sense. How You Get Paid Counts Are you paid weekly? Bi-weekly? Monthly? A weekly budget can accommodate all these, but those who get paid bi-weekly may notice the most immediate results. When sorting out your … [Read more...]
How to Go on a Financial Diet
Are you struggling with your finances right now? You aren’t alone. It can be extremely hard to feel like you are on top of things all the time. That feeling of having your personal finances out of control requires a drastic approach to fix. Going on a “financial diet” may be a great solution to gaining economic stability! What is the Financial Diet? The Financial Diet is actually a book and blog co-authored by Chelsea Fagan and Lauren Ver … [Read more...]
Money Management Apps for Budgeting
Money management is great in theory, and yes we know we all need to do better. But it’s hard and seems like a seriously daunting task. Luckily, you can try a number of money management apps! Technology can be a great virtual assistant for helping you keep your finances in check. These are the best ones to help you manage your money and budget like a pro. Mint Mint is my absolute favorite money management app. Not only is it easy to use (for … [Read more...]
What are the Best Budgeting Tools?
Okay, so you've decided to make a budget. Congrats! You've taken the first step towards financial confidence! But how in the world do you make a budget? There are a lot of tools out there. What should you use? If you want to go simple and not have to put any of your information online or limit yourself to any one product, you can make a simple spreadsheet. The upside to this is that it's free (assuming you have a spreadsheet program on … [Read more...]
Budgeting: Do As I Say, Not As I Do.
I talk about budgeting a lot. Every personal finance blogger does. Budgets come in various forms, but at the end of the day, the important parts are that you know where your money is going and that you're not spending more money than you should be spending in any one particular area. Guess what I've been doing? Ignoring both of those elements. Falling Off Track I realized this past week that I hadn't even looked at my budget program since … [Read more...]