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…
If I had a dollar every time I heard someone say “If only I made more money, things would be different.”, I would be rich, literally. But let me let you in on a little secret, if you can’t manage what you currently have you definitely can’t manage more. I’d also be rich if i…
Money is such a sensitive topic EVEN among family. I’m not sure why we struggle so much with talking about money since it’s a necessary part of life. Now a little transparency here, I haven’t always been enthusiastic about a money conversation BUT I knew I needed to change that behavior especially in trying to…
One of the mistakes I see people making with their money is NOT HAVING A PLAN for it. Now I’m not judging here because there was a time when I didn’t have a plan for my money. It led to: living paycheck to paycheck being inconsistent with making financial progress limited future financial opportunities Not…
Where did the time go? Half of the year is already GONE! How are you doing on your money goals? If you are not quite on track with your money goals, don’t worry. Here are 5 Keys to achieving your money goals and finishing the year strong. Shift Your Money Mindset The first key to…
According to a recent survey 70% of families lose their wealth by the 2nd generation and an astounding 90% lose it by the 3rd generation. Generally wealth is lost because the current generation hasn’t prepared the next generation to manage finances and they’ve kept them in the dark about their financial status. If you think…
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…
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…
Always waiting on you next check to finish meeting your monthly obligations? Ever experienced more month than money left? You are probably experiencing the paycheck to paycheck cycle. The paycheck to paycheck cycle is when your expenses are equal to or more than your income. Know what? You are not alone. In a recent survey…
How a Change in my Financial Habits Allowed me to Save $125 a Week!
We all have them, habits, and they can be good or bad. In this case one of the habits I developed over the years wasn’t good for my finances! Believe it or not, there was a time when I wasn’t tracking the detail of my finances. At the time it seemed ok because I was able to…
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