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Basic Budget Strategies for Achieving your Goals

What sort of budget strategy do you have? Is it working? Budgeting can be a chore that we often put off, but if you have dreams and goals… it can help you achieve them. The first step in budgeting is coming up with an accurate measure of your expenses and income. Start by tracking these for at least two months; and then attempt to look at averages for certain fluctuating expenses and income like heat or sales commissions. Then create a spreadsheet – either on a piece of paper, excel document or budgeting software. The first part of the spreadsheet … Continue reading →

How to Budget with a Fluctuating Income

Many families have to deal with an income that changes each month. Whether mom works a seasonal job for extra money, dad is paid on commission, or they both run a business where employee payroll is doled out first, there are many situations where a family’s income is different each month. How should you budget in this type of uncertainty? The key is determining a base amount to rely on and start with as your foundation. This dollar figure will depend on the type of income situation you are in. However, the important piece is finding a base monthly income … Continue reading →

Measure of Success

Many people I know view financial success as the ability to have enough money that you don’t ever have to worry about it. Really though, should you ever stop worrying and thinking about money, no matter how much you have? No one likes living from paycheck to paycheck, but even if you make ample money to cover your bills – you should still have a budget. For some, budgeting sounds like something only those with little money do. In reality, this couldn’t be further from the truth. Success with money is not measured by how much you have in your … Continue reading →

Money Week in Review August 13 – August 19

Are you considering a large purchase that you hope will actually help you make or save money in the long run? This may be a hybrid car or an energy efficient appliance. Whatever you have in mind, Miriam provides some important considerations before you make this leap. Read Will that Big Ticket Item Really Save You Money? before you head out shopping. Having financial goals is the key to success in money. Let Miriam’s article on Financial Priorities walk you through some thoughtful steps to determine exactly what your individual goals actually are. Once you have determined these specific goals, … Continue reading →