Monday Money Tip: Infrequent Bills
Set aside money for infrequent bills. Several companies, such as some in car insurance, bill every few months or six months, etc. Divide the total by the number of months in the billing cycle to figure out how much money you need to set aside each month to have ready...
Monday Money Tip: Snowball Debt
“Snowball” debt! If you aren’t familiar with this concept by Dave Ramsey, it is basically making minimum payments on your debts, and applying all the extra you can to the smallest one. Then, when that is paid off, take the amount you were paying and add it to...
Monday Money Tip: Miscellaneous Category
Have a backup “miscellaneous” budget category each month for unexpected expenses. This way, you don’t have to borrow from other categories or dip into your emergency savings for small things that come up. Because, no matter how much you plan, something always...
Monday Money Tip – 3 Reasons to Analyze Your Bank Statement
How often do you just toss your bank statement into the “to-file” box and move on? There are a few reasons why you should take a moment to scan through it: You need to have an idea of where your money is going! It will make you more likely to stick to a budget if you...
Monday Money Tip: Wait Before Buying
Today’s money tip is: Wait. Don’t make any impulse buys! Take some time to think about the purchase and do your research to make sure you are getting a good price. And even if it’s a great price, is it something you and your family really needs?...