The key differences between rich and wealthy are, for some, a matter of perspective. For someone who earns $15 an hour, struggles to pay their student loans, and worries about being able to afford a car repair, the woes of someone who earns twice as much don’t seem like trouble at all. “If I had THEIR problems,” one might hear them say, “I would have NO problems.” To someone who doesn’t believe they will ever be able to earn what they feel … [Read more...]
Save Money In 2021
I woke up on New Year's Day knowing I wanted to take steps to save more money and save better in 2021. But how to do it? I decided to break down my plan into four basic steps. Identify New Risks And Save Accordingly I have a savings plan that includes an emergency fund, savings for travel and “pay yourself first” purchases, and retirement. That’s an over-simplified version but those are my three major areas. In my emergency fund, I’ve tried … [Read more...]
Saving Versus Investing
When I first started investigating my investment options, I wasn’t really sure what I was doing and didn’t even know the difference between saving money and investing it. That may sound like a fairly obvious concept, but what is the difference between saving and investing? They both involve setting up accounts, putting money aside that can’t be used for other purposes, and usually with a specific desired outcome. Saving Versus Investing It’s … [Read more...]
3 Easy Money Challenges to Get Your Finances In Order
Do you need easy money challenges to help you to save money and get your finances in order? While it’s true that you shouldn’t expect a money challenge to solve all of your financial issues, the discipline of these challenges and the creative thinking involved can help you to think differently about your spending habits. Breaking the old bad habits of the past is key to establishing new, healthier spending choices for the future. Here are … [Read more...]
Plan Your Way To Smarter Spending And Saving
I remember feeling stuck in various financial situations in life that required me to get creative with my finances. It's never easy to admit you need to quit spending, start saving and adding some financial responsibility to my weekly routines. The hardest part of that journey is just getting started sometimes. Do you need to plan your way to smarter spending and saving? Here are some tips that can help you get control of your income, curb … [Read more...]