The story both excites me and terrifies me. It excites me because I have the opportunity to motivate others to do what I have not done. It terrifies be because I had not followed my friends advice and am now wishing I had spent less money on suede jackets, killer heels and drinks at the Misty Moon and had saved that money instead. So I urge you, read this, and pass it along to anyone in your life who can benefit from it today!
Category: Budgeting & Money Management
Want a simple ‘Spending Plan Process’? – Set up three accounts. These can be three bank accounts or can consist of a cash account or two, depending on what works for you. One account for your regular monthly expenses, one for savings and one for your day-to-day spending needs.
You might be asking yourself “How Can I Find Money to Save for Retirement?”. This guest article gives some great ideas on how you can redirect a small regular purchase and make a major impact at retirement.
I envy people who have no debt. I want to be like them. I really do. I have the skills, I have the desire, yet it seems like a goal floating in the wind. I can see it. And almost touch it but it keeps floating away from my grasp. Oh I’ve made some progress over the years, but unsteady income, child care and investments in my education have all ensured I don’t get too far away from debt. Not yet anyway. But I’m nothing if not persistent!
Keeping track doesn’t have to be painful. You want to find a system that works for you, something not too complicated. You don’t have to track expenses for the rest of your life, but hopefully, you will realize the value, as I have, and want to make it part of your financial plan.
A retired couple, who came to me for financial advice, were in for one of their follow up Counselling Sessions. I had them track their spending for the previous month and was asking them how they did. They felt they had done a good job except for the fact that (in her words) her husband did not get receipts. He was openly frustrated with this requirement to account for every cent spent.
Talking about money can be more difficult that discussing sex in a relationship. Yet finances are a thread that runs through every relationship and an open dialogue on the subject is essential to the success of a couple’s unity. The following are some guidelines for cleaning the lines of communication – for love and for money!