With COVID-19 pushing things to contactless, is it time for the cash envelope strategy to switch to digital? If you’re wondering what the cash envelope strategy is, it is simply a way to manage your budget using cash. You set your budget limit, withdraw the cash from your account, and put it in an envelope…
Is your current cashflow putting you in the red every month? You’re not alone. I recently read an article where one couple was going $700 every month in the hole. Over the course of a year that’s $8,400. And that’s just one story. When your financial flow is not optimized or working for you, here’s…
How often do you grocery shop? Do you have a regular schedule that you follow– every week, 2 weeks or once a month? Or do you wait until you are close to being out of everything? No matter what your grocery routine is it could be costing you. Personally, I wait until everything…
Budgeting is a main component of your financial plan. It helps you to allocate your financial resources according to your financial goals. The general idea of a budget is to use your income to take care of your expenses and help you achieve your financial goals. It seems really simple, right? Well there are a…
Are you a swiper or casher? (Yes, I made those words up 🙂) There are many thoughts on the best way to keep your spending under control and stay on track with your budget. Some say cash is king and others think the same thing can be achieved using your debit card. It depends on…
