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 MoreSeeking Financial Counseling
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Seeking Financial Counseling There are many reasons why a potential client will contact me. Some are not sure whether they have found the right place. This article is based upon actual email correspondence between a worried and stressed husband and myself. It illustrates the type of issues you may encounter and what you can do […]
Read MoreWhy a Spending Plan is Better Than a Budget
When searching online for help with your overspending, most will look for how to budget. Few will consider how to prepare a spending plan. On the surface, a spending plan and a budget may seem to be the same. They are not. This post will propose that having spending plan is better than a […]
Read More5 Steps to Help Stop Living Paycheck to Paycheck
Are you among the growing trend of households who are high-income earners but are living paycheck to paycheck? It is likely you have little or no savings, except for your retirement account. However, if you had a minor emergency, you would not have any extra funds to pay for it. You may be wondering what […]
Read MoreWhy Do We Overspend?
How Can I Spend Less Money? This is a frequent topic of conversation with friends. They think it is as simple as cutting a cable bill or cancelling a gym membership. But these casual conversations rarely venture into why someone might overspend. Getting to the root of overspending, especially for anyone who is earning a […]
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