Our Christmas budget strategy for saving

How to save during the holidays

Typically, our whole Christmas budget is around $500.  This year, our budget is a little smaller.  We weren’t able to make regular contributions to our holiday gift fund due to job instability and our house fire in the spring.  Our entire Christmas budget this year is about $300 .  That doesn’t seem like much, but we’re starting early and we…

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Emergency Funds 101

All about emergency funds

Who needs an emergency fund? EVERYONE needs an emergency fund!  Emergencies happen at the most unexpected (and usually inconvenient) times, so it is important to be prepared. If you have dependents, it’s even more important to have an emergency fund. What do you do if little Jimmy needs to go to the ER?  Unless you have incredible insurance, you are…

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How to amortize your expenses (and why you need to)

Amortizing personal costs prepares you for these large expenses by having cash on-hand when they come due.  It also keeps your budget realistic.  For a budget to be useful, you need to account for all your expenses, even the ones that aren’t actually due every month.  Amortizing is also the way to incorporate surprise costs into your budget! The goal of a…

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5 Budgets for Every Style

Hello! I know it’s been radio silence over here for the last few weeks.  We had a house fire and so we’ve been in survival mode.  We still have lots of recovery to do, so in the mean time, here are some great budgeting methods to check out.  If you are trying to figure out how to budget, or have…

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The right way to use your credit cards

Best way to use your credit cards

Once upon a time, we were told to freeze our credit cards in a block of ice to stop us from using them.  While I appreciate the intention, we live in a world where credit card use is pretty much required.  The key to credit card use isn’t to avoid credit cards, but to use them wisely. Credit cards provide consumers with…

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Finance 101: What is a Budget?

Don’t freak out! Some people are terrified of budgets, others loathe them, but when it come down to it, the secret to financial success is budgeting! Budgeting does not have to be stressful. A well-designed budget will give you more financial freedom, not less.  Today lets talk about a beginner finance question – what is a budget and how do…

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