If you want to control your spending and work toward your financial goals, you need a budget. A budget informs you how much money you expect to bring in, then compare that to your essential expenses and discretionary spendings. Instead of viewing a budget as a negative financial tool, you can view it as a tool for achieving your financial goals. The steps in this article can help you create a budget.
The thought of encountering a major negative event that could affect your finances, such as a job loss, an illness, a car accident or a pandemic can keep anyone awake at night. However, the prospect of something expensive and beyond your control happening becomes less threatening if you’re properly prepared. If you are in the midst of a financial crisis, here are six things to do.
Choosing to rent or buy your home is a major decision that affects not only your lifestyle but also your financial health. This story attempts to answer the age-old debate from a twenty-year-old's perspective and elaborate why renting is the better choice.
Penny-pinching and living within a budget ain't fun. However, it is a much better deal than finding yourself drowning in debt and constantly worrying about money. If you are doing these 3 money mistakes, get rid of them if you want to set yourself up for financial security for the rest of your life.