Finance

The Envelope Budgeting System Can Be Great...Until It Gets Shredded

Many may be familiar with the envelope budgeting system, where you figure out your discretionary income, decide on your budget categories, and then put actual cash into each envelope for those categories.  Then, once the cash is gone, that’s it for that category, unless you move it to another envelope.  It’s a great way to stay accountable.  However, you may wish to make sure your envelopes are in a safe place, out of the reach of little ones.  One couple found this out the hard way.

Continuing In Your Education - A Good Investment?

We previously wrote about things to consider if you were thinking of changing your career, and the resulting implications. Today, we examine what to consider if you’re thinking of continuing your education, particularly from the financial side.

When It Comes to Budgeting, Keep It Simple...Saver

When It Comes to Budgeting, Keep It Simple...Saver

Shannon Marie, writing for the YNAB Blog:

This is a huge perk when you consider that, in a given day, we only have so much cognitive energy. And when you think of all the things we fill our lives with—jobs, friends, kids, neighbors, hobbies, and so on—it’s easy to see how precious that energy is.

Stay On Top of Your Cards With Debitize

With the advent of plastic and especially now mobile wallets, it can become oh so easy to rack up the debt.  Credit card companies love to entice us with all sorts of points, cash back offers and more.  After that, comes the interest that essentially wipes out the “value” of any of those points.  Granted, this may not be an issue for many, who opt to not use credit at all, or pay in full, and that’s great too! 

What if there was a way though to stay on top of your spend, earn points/cashback and get those transactions paid off right away?  Enter Debitize.

30 Things To Budget For When You Turn 30

Ah, your “roaring 20’s”.  What a care free time that was, right?  Finishing up college, entering the working world, perhaps even just starting to (hopefully) dabble in investing in your 401(k).  Once you hit 30 though, it can become a whole new ballgame.  You may already be budgeting for a lot of these, but even if you are, it can still be a solid reminder to keep these as part of your financial plan.

16 Ways to Boost Paying Down Your Debt

When it comes to paying off debt, the struggle is definitely real.  It doesn’t have to be though.  Inside are some methods that can help you jump start getting your debt snowball rolling.  Some might be common sense, but when put into action, can really help.

Motivation Monday: Knocking Out Debt in 2 Years

Not many look forward to Mondays, so usually we can always take whatever sense of positive news and stories we can get.  With so much negative in the world anymore, I’m hoping to start sort of a little Motivation Monday series around here.  Today’s is a great story about someone who was able to knock out $35,000 worth of debt in two years.  Hopefully it can equally inspire you.

Using Life Expectancy To Help Plan Retirement

While talking about life expectancy can be a tough subject, it can also be extremely useful in financial planning for your retirement.  Recent studies into the financial habits of American families reveal that less than one quarter of persons over age 50 have written up a projection of their expected retirement income and expenses.  Inside are some ways you can avoid being that statistic.

How To Save on Paying Off Your Debt With Balance Transfer Cards

How To Save on Paying Off Your Debt With Balance Transfer Cards

If revolving credit card debt knocks on your door on a month to month basis, it might be time to consider a balance transfer card.  Of course, the main focus is to pay it and be done with it, and preferably no new purchases on it.  Read more for how this technique can help you potentially save on interest, as well as get out of debt even more quickly.

What To Know About Credit Card Debt Forgiveness

Wouldn’t it be great if once credit card debt is forgiven, everything just magically goes away, and that’s the end of that?  Unfortunately that’s not the case.  Granted, the best route is to just pay off your debts on your own, but for some it’s not always that easy.