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December 4, 2009

Budgeting ideas for couples

Filed under: Finance — Tags: , , — admin @ 12:17 pm

If you are a couple, and trying to figure out a system for spending your money, then here is a key piece of information for you to remember… if  you DO NOT have a system, you will come up short a lot more often then you would like. But, on the other hand, coming up with a budget and a way to distribute  your money can cause even the most mediocre of payrolls to go a lot farther than you could have anticipated… and here are some keys to making those dollars last when it really counts.

First of all, don’t calculate your budget by month, but by week. So, if rent is due on the first, start saving a little every week for it instead of using one whole paycheck. Do the same with all of your bills. Doing this may seem to cut in on your spending money every week, but this is actually the revelation of an illusion… that is all of the spending money you actually have! Paying the whole bill with your check, or paying your bills late, is actually not going to give you more spending money, but is, in fact, going to cause you to fall more behind. (more…)

June 8, 2008

Budgeting Can Be Fun and Rewarding

Filed under: Finance — Tags: , , — admin @ 2:32 pm

Managing your finances can be one of the most difficult things to do on a daily basis. Many are not aware of how much they spend or even how it impacts their life. Life revolves around money, we need it for food and to pay bills that allow us to live in a nice home and have nice things. In the past, money was less regulated and many used gold or even diamonds to pay for things they needed.  In ancient times, things were very different, but commerce existed and many used valuable goods to barter with others for things they wanted or needed.  These days, we work and save up for things we want or use credit cards and pay them off over time. When we spend more than we make, we often find ourselves in some trouble. If we are able to budget in a real and realistic way, we could avoid such situations where we may need a cash advances or payday lenders to get by and pay for necessary things such as electricity and our mortgage.

Creating a budget and truly sticking with it is essential to financial freedom. If you know when you will have problems coming up, you can adjust your spending habits or arrange for a loan as a bridge until you can catch up. Without a budget, it is hard to know when these things will happen to you and you may be caught off guard. Maintaining your finances is a difficult process, but it is also very rewarding and will take some of the stress away of just not knowing what will happen to you and your money in the future. If you keep tight control over every dollar that comes and goes into your bank accounts, you can also start to save money for the future. Retirement isn’t cheap, so the more you can save with financial budgeting, the better off you will be when it is your time to relax.

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