There are so many different budgeting tools and systems that you can use to help you manage your finances. We often get pigeonholed into one favorite system or another. Or, we only consider one option as the “right” way to budget. But, what budgeting system works best for you? How do you balance your checkbook? Balancing Your Checkbook Through The 1-800 Number I had this amazing conversation with a coworker last week, and it struck a chord with me and inspired a little bit of a revelation. I used to always joke with my wife. When I met … [Read more...] about What Budgeting System Works For You And Your Family?
Archives for June 2020
Home insurance is an essential expense, given the exorbitant cost of living in this present world. After having to invest heavily in a new house, it is important for homeowners to plan for any unexpected repairs that may be required to ensure the structural stability and usability of the house. It is also equally important to secure personal possessions at all times. There are several types and levels of home insurance spanning coverage for the structure, contents, utilities, natural disasters and so on. The value of the policy varies and is … [Read more...] about Home Insurance Explained to Help Protect Your Largest Asset
When booking flights, hotels and other vacation-related expenses, you may stumble upon an option to purchase “trip protection insurance” or something similar to cover the costs of your transportation and/or accommodations in case your trip is canceled or delayed for a “covered” reason. For airline tickets, this insurance typically ranges from $20-50 per ticket and covers instances related to illness, injury, natural disasters or other major reasons for canceling or delaying a trip. The problem with travel insurance is that you may already … [Read more...] about Do You Need Travel Insurance for Your Summer Vacation?
Running a small business is one of the most fulfilling professions a person can have. It takes a lot of courage to start something from scratch, making success milestones extremely rewarding. You have the freedom to create a work-life balance that suits your needs. Another benefit of managing a business is that you are in control of gauging risk and opportunity in decision making. With this responsibility comes the potential for big rewards. Many successful businesses started from nothing only to become enormous global enterprises … [Read more...] about 5 Reasons Your Small Business Needs Professional Financial Advice
It's nice to have a little cash to wave around, especially if that wasn't always the case. Nevertheless, you really need to rein it in or you'll end up practicing lifestyle inflation. What's that? In a nutshell, it dwells on the logic that an increase in income should automatically lead to an increase in spending habits. This is a dangerous ideology that can ruin your financial health and keep you stuck in the rat race of working just to pay the bills. The thing is, it's only human nature to want to improve your social and economic standing. … [Read more...] about The Dangers of Lifestyle Inflation and How to Combat It
If you would like to learn more about personal finance or get a higher rate of return on your investments, then simply reading a book may not be the perfect solution. While books written by experienced authors can be useful, the information eventually becomes outdated, especially in the rapidly-changing world of finance, and there’s no one you can turn to for help if you have questions after you finish reading a chapter. This is part of the reason why Investopedia, the self-proclaimed “largest financial education website in the world”, … [Read more...] about Investopedia Academy Review – Self-Paced, Online Courses About Investing