Surely, you've heard the advice to cut out discretionary expenses -- such as a daily latte -- to save money. It's true that those small savings can add up and provide a little more wiggle room in your budget. But what about those necessary expenditures?
I think of a budget as a diagnostic tool. It is no different from going to the doctor and having the nurse take your temperature and blood pressure. They are establishing a baseline for your health. A budget is a baseline for your financial wellness.
Prioritize future college expenses as a monthly budget line item. The sooner you start saving the better, because even small amounts of money invested early can grow quickly through the power of compound interest.
Each year when Father's Day rolls around, I'm reminded that I wouldn't trade the experience of raising my two kids for the world. But when I think back to how naïve my wife and I once were about the costs of raising children, I can't help wishing we'd been better prepared.
One of my favorite things about the holiday season is getting to throw an unforgettable party. Unfortunately, with so many year-end expenses and a sluggish economy, my budget this year is pretty limited. Here's what I've learned about how to throw a party on a budget.
The more organized you are in accessing and managing daily deals, the easier it can be to save money on what you need and have a pleasant, positive experience. To keep the clutter out of your daily deals, I recommend these organizing strategies.
On Valentine's Day, don't kill the mood with talk of budgets; but do make sure that before too much time passes, you reopen the doors of financial communication so you know you're both working toward the same goals.
With Father's Day upon us, dads everywhere are gearing up for an avalanche of gifts from their spouses and kids. If you really want to return their affection, think about what you can do to protect your family financially, now and in the future.