Check out the latest guest post from Andy Hill over at Marriage, Kids and Money. Make sure to read his bio at the end of the post!
When my wife Nicole and I started our marriage, we were $60,000 in debt and spending money like it was our full-time job. I, for one, had no issue with going on vacations, driving cars and updating our home all on credit.
When we started thinking about having kids, Nicole and I knew it was time to break our addiction to debt. We knew we needed a plan to master our money.
We heard that developing a monthly budget could help us in eliminating debt, saving more money and reaching our goals. So, we gave it a go. In was rocky at first, but soon it became a habit.
Fast forward six years later, we’re debt-free and our net worth has increased by $500,000. In 12 months, we will own our home outright and we’ve never been happier.
The catalyst for this major change in our lives was creating and sticking to a monthly budget.
Here are the steps we took to our own future through budgeting.
Check out the last guest post from a fellow personal finance writer, Mr. Compounding. Stay tuned for his bio at the end of the post.
A lot of us want to make the right decisions when it comes to our money. At the end of the day, we all want to have more of it, right?
Where is gets tricky is when it’s actually time to take action. There are a lot of universally accepted money principles that are downright false. As a result, many people think they are better with money than they actually are because they follow these half-truths we all grew up hearing.
If you think you are doing the right things but can’t seem to gain any traction with your finances, or if you are like me and think of your financial success strictly in terms of net worth, here are some of the false and way too common assumptions you want to avoid.
For most of us in corporate America, it is review season! Review season is a chance for you (and your manager) to reflect on your performance over the past year. If your review fairs well, you may receive a raise or a promotion.
A raise is one of the best feelings in the world. It means that your hard work has been noticed and your paycheck will be a little (or a lot) larger. Per Bloomberg, the best employees can expect a 5% raise and the average employees can expect a 3.1% raise. Whether the raise is 1%, 5%, or more, you can still put that extra money to work.
Congrats if you received a raise and/or promotion this review period. Now, what do you do with all that extra cash? Check out these 5 actions to take when you receive a raise at work!
Can you believe that is already October? That means we have less than 3 months until Christmas. Believe it or not, it is time to start preparing financially for Christmas already!
According to a Gallup survey, in 2015 the average shopper spent $830 on Christmas presents! Unless you have been preparing for some time, that is a big financial hit to take at once.
Check out these awesome tips on how to enjoy Christmas without going broke:
Today we have a guest post by Tina Roth. Check out her bio at the end of the post.
Women have always been discriminated against. Women have been denied several rights – the right to vote, the right to work outside the home, and more. Time has changed now, we live in a gender neutral society where men and women are considered equal.
But distasteful stereotypes about women still exist. Women lack driving skills, women are bad at STEM – these are all stereotypes. It’s time we debunk them – once and for all.
But before debunking them, let’s have a look at them. Here are the 5 money misconceptions about women.
Recently I sat down with a friend, MJ Bridges, who paid off over $39,000 of consumer debt in 21 months and started the site Young and Debt Free. Make sure to check out his bio at the end of the post!
So MJ, I have to ask. How did you accumulate over $39,000 of consumer debt? That is $39,000 of debt not including your student loans!
Honestly, I was trying to “keep up with the Joneses.” Looking at people on social media with new cars, furniture, and designer clothes. I wanted that lifestyle. So I had it through my credit cards. On top of that, I was very ignorant to personal finance which led to a lifestyle of impulse buying.
I remember when I got my first credit card during my freshmen year of college. Initially, I did a great job managing credit responsibly. However, it got out of hand while I was pledging my fraternity. I never recovered from that and it only continued to get worse.
According to CNN Money 76% of Americans live paycheck to paycheck. In order to resolve that, lets get to work on your budget. A budget truly is the foundation to your financial success. If you don’t have a budget yet then you should create one in with these 5 simple steps. Once you have created your budget, make sure you negotiate your reoccurring bills to save money. Once you have taken those steps, its time to look at things that can be cut from your budget. Check out these 10 items that you should slash from your budget!
Today’s post is from Julie who is a certified coach and physician. Julie is passionate about helping people to make better choices to live simply and live well. Learn more at Choosebetterlife.com and get her 5 Step Guide to Clear the Clutter to jumpstart your transformation today!
“You need a budget,” they say. “Stock up on sale items,” they say. So now you have a budget that you update 27 times a day and a basement full of cereal and soup in flavors you now hate and clothes and shoes that you thought your kids would grow into–but forgot about until they grew right through them. And they don’t have much to say about it.
You’ve done what you were supposed to do and you’re worse off than when you started. Your credit cards are maxed and you’re stressed and frustrated. As anyone would be. As you should be.
Let’s bust these 5 financial myths so you can make better choices, spend less money, and make more progress.
Financially Fit & Fab is now accepting guest posts! This article was written by Stacy Barbee. Stacy is a financial writer, blogger and content marketing enthusiast. She uses content to vent her thoughts on money and financial issues through her site kissyourmoney.com!
Budgeting is mandatory for your survival. Period.
Budgeting helps you stay on track with your finances. Even though you may think you are budgeting like a pro, many mistakes can be made when making your first budget. Check out these 5 deadly mistakes to avoid when developing a budget:
A budget is the foundation to your financial success. It sets the stage for everything else to follow. From saving to investing. One of my favorite financial guru’s, Dave Ramsey, said it best, “A budget is telling your money where to go instead of wondering where it went.” After this post, you will be able to budget like a pro and no longer get to the end of the month wondering where your money went!