Budgeting For Beginners

It is budgeting, not rocket science Make sure you spend less than you earn – sounds simple enough, right? But for many, it’s easier said than done. Regardless of your experience with budgeting or financial management, it is important to develop a clear idea of how much you earn and how much you spend. A well-maintained budget can help you do just that. Creating a budget simply means measuring... Continue reading

Tips on Setting Money Management Goals for Singles

Be Strategic With Life Insurance Conventional wisdom says you don't need as much life insurance when you are single, since you don't have anyone who depends on your income. Not so fast, says insurance claims specialist Deborah Belknap. "While you might not need the same amount of life insurance as a person who is married with children, there are plenty of reasons to get your life insurance in... Continue reading

New Versus Used: Budgeting Tips on Buying a Car

New Versus Used: Budgeting Tips on Buying a Car With used cars, it's wise to budget for repairs. While it's possible to walk into a dealership and walk out with a new car, especially if you have the credit, you might want to consider doing some planning to determine how a new or used car will affect your budget. Both carry different costs. "Other than houses, cars are the largest purchases that... Continue reading

Short-Term Budgeting Tips

Getting your household spending under control requires having a spending plan in place -- a budget -- and most important, following the plan as closely as you can. Continue reading

Personal and Household Budget Categories

/*-->*/ /*-->*/ When breaking a budget into categories such as housing, savings, and healthcare, it’s important to consider what budget percentages should be set for each. Continue reading

How to Project Balances and Cash Flow

Projected balances and cash flow Thank you for choosing Quicken! Do you have a have a general idea of where you stand financially? Accompanied by a sinking feeling you’re spending more than you’re taking in? Quicken can help! By understanding how much money comes in and where it all goes—in other words, your cash flow—you can plan realistically and avoid the paycheck-to-paycheck struggle to make... Continue reading
Woman at the ATM learning budgeting

What Do You Learn From Budgeting?

Though the thought of actually making a budget might sound as appealing as having a ball and chain attached to your wallet, it can actually be quite a liberating experience. According to Erin Baehr, a certified financial planner practicing in Stroudsburg, Pennsylvania, and Chester, New Jersey, "Many people think of budgets as something negative; something constraining or confining. But actually,... Continue reading
Discretionary spending

Household Budget Checklist: Determining Necessary Expenses

Discretionary Spending The items that you don’t really need fall into the category of discretionary spending. Sometimes, the line separating necessary and discretionary spending can become blurred. Is going to the movies a treat or absolutely required to maintain your mental health? You confront these questions when you put together your household budget. Start with the items that you cannot live... Continue reading
Peace of Mind

Budgeting for Your Peace of Mind

Are your finances keeping you up at night? You’re not alone. Almost three-quarters of adults say money has them feeling stressed, according to the American Psychological Association. That’s not surprising, especially in today’s economy with skyrocketing energy and food costs, tepid investment performance, and rising unemployment rates. The remedy? Tackle that tension with a budget. If the mere... Continue reading
5 questions to ask yourself before starting a budget

5 Questions to Ask Before You Prepare a Budget

Sometimes, when people finally decide to take charge of their finances -- to stop winging it and prepare a budget -- they think of a budget as a restriction, depriving them of the nicer things in life. In reality, it can be liberating to chart a path to financial freedom. Before you start, you need to ask yourself at least five questions. What Are My Goals? How and what you budget depends on the... Continue reading