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
Breaking bad budgeting habits with Quicken personal finance

Breaking Bad Budgeting Habits

Habits -- Bad Ones A habit is like an ancient decision -- you replay the same behavior that originated from a conscious choice you made in the mists of the past. Now you are on autopilot, repeatedly acting out the same behavior with nary a thought. Habits can be bad or good. Bad budgeting habits often involve spending too much, saving too little, ignoring your budget or failing to track your... Continue reading

Build Your Budget

Think of your budget as a planning device, a means of setting and reaching your personal finance goals. You project future expenditures (including savings), record them when they're made, and see whether your projections were any good. If they aren't, you adjust your planning or your spending, whichever is out of line. Use budgeting software like Quicken. Make sure you are thorough when entering... Continue reading
Save Money for a Wedding

How to Budget for a Large Event

Whether it's a wedding, a family reunion or your church's Easter festival, big events cost money. You don't want to base your decision on price alone, though, according to Katie Wilgus of Gather Event Planning. It's important, for instance, that your vendors can deliver the level of quality and fit the type of event that you have in mind. Be Clear On What You Want Before you draw up a budget,... Continue reading

How to Make a Personal Weekly Spending Budget

How to Make a Personal Weekly Spending Budget Developing a budget is a great way to organize your finances, but challenges can arise if your bills and your paycheck come on different schedules. For example, your regular monthly bills, like your rent, cell phone bill, credit card statement and student loan, might all be due at different times during the month, while you get paid every Thursday.... Continue reading

Household Budget: 10 Sneaky Saving Strategies

Here’s a timely question that came to Kiplinger’s Personal Finance magazine deputy editor Janet Bodnar… and her response. "I’m in my 20s, and I’m shocked at how many of my friends don’t seem to understand how to save money now in order to use it for other things in the future. How can I get them to understand this?" You may have your work cut out for you. A study by Wachovia and the Consumer... Continue reading
Empty Pockets

Always Broke? Small Changes to Save You Money Each Month

Living paycheck-to-paycheck can hinder your ability to save for future goals. It's easy to find yourself taking out costly short-term loans or carrying balances on high-interest credit cards -- but these quick-fix solutions often make matters worse. You have the power to take control of your finances, often simply by making a few small changes each month that can really add up over time.... 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
9 great gifts without blowing budget

9 Great Gifts to Give Without Blowing Up Your Budget

Times are tough, money is tight, and the holidays are fast approaching. Many shoppers need to keep a tight rein on their spending, but don’t want to feel like the Grinch when it comes to giving budget gifts to friends and family. How can you save money while giving thoughtful gifts on a budget? Believe it or not, it can be done with budgeting help! Here are 9 affordable – and in most cases, free... Continue reading