Personal overspending is when you spend more money than you earn. While there can be months where your expenses exceed your monthly income that does not necessarily mean you are overspending. Because it is offset by months where you spend less than you earn. In other words, your income does not support your life-style. It […]
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Is It Okay to Carry Credit Card Balances
No, it is never okay to carry credit card balances. This is one of many key ingredients, such as understanding your cash flow or your net worth in order to be or become financially sound. Fiscally responsible adults know that they should never carry credit card balances. However, it is not fully understood why it […]
Read MoreQuickly Lower Your Credit Card Debt
Did this past holiday season spending cause your credit card balances to increase? Maybe it wasn’t the holiday spending but other expenses that now makes you wonder how you can quickly lower your credit card debt. No matter how the balances increased, you now have higher monthly minimum payments due. You may have been struggling […]
Read MoreCommon Questions About Budgets
Common Questions About Budgets There are many aspects and things to consider when preparing a budget which means there are lots of questions about budgets. Recently, a high school senior who was working on a school project, contacted me. This article is based upon his questions and my responses. I thought the questions about budgets […]
Read MoreYour Holiday Budgeting Guide
Tips for 2019 Holiday Budgeting The holiday season can create complications for your personal budgeting plan. This time of the year, you can find all sorts of suggestions on how to control your holiday spending. It can be a little challenging writing about creative solutions. Hopefully, this article will offer a slightly different perspective. First, […]
Read MorePersonal Finance is Like Dieting
Personal Finance Is Like Dieting Has it occurred to you that personal finance and dieting are very similar? It did to me as I was walking to the library to write an article the other day. Following the basic concepts of personal finance management has not been difficult for me. However, staying at a weight […]
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