While certain types of crimes are down during this crisis, card scamming has increased. Perhaps it’s because it is a crime which can be perpetrated at home using a computer. Nevertheless, while you are likely to be distracted due to the crisis, now more than ever, please be vigilant to avoid being a victim of […]
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Step by Step: How to Prepare a Budget
The steps involved in how to prepare a budget can seem quite straight-forward to some people, however, it may not to others. Understanding basic, such as how to prepare a budget is a critical skill in personal finance. And now due to the current economic and social changes, understanding the basics of how to prepare […]
Read MoreWhat is Personal Overspending?
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 […]
Read MoreIs 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 […]
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