From the category archives:

Budget

An Emergency Fund Will Help Reduce Your Risk Of Financial Catastrophe

April 23, 2009

A couple of years ago if you had asked me what I would do if an emergency presented itself and I needed some money quickly, I would probably have told you, “That’s what credit cards are for!”.  Just put it on the card and pay it off when you can!  Emergencies aren’t really something you [...]

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Dave Ramsey’s 7 Baby Steps: Step 4 – Invest 15% Of Household Income

February 17, 2009

Last time we looked at Baby Step 3, saving up 3-6 months of expenses to prepare for when you have a rainy day.  Everyone will have unplanned for expenses, so it’s best to plan for it, and be ready!
Dave Ramsey’s 7 Baby Steps, and our progress.
Dave Ramsey’s 7 Baby Steps

Step 1 – $1,000 to start [...]

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Dave Ramsey’s 7 Baby Steps: Step 3 – 3 To 6 Months Of Expenses In Savings

February 16, 2009

Last time we looked at Baby Step 2, paying off all your debt using the debt snowball.  You take your bills, rank them in order from smallest to largest, and proceed to pay them off with intensity!
To review, here are the 7 Baby Steps.
Dave Ramsey’s 7 Baby Steps

Step 1 – $1,000 to start an Emergency [...]

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Dave Ramsey’s 7 Baby Steps: Step 2 – Pay Off All Debt Using The Debt Snowball

February 13, 2009

Last time we looked at Baby Step 1, saving up an emergency fund of $1000.  You’re saving up that money for a variety of reasons, but mainly because you know you’re going to have little “emergencies” popping up all the time, and the baby emergency fund will help keep you from going further into the [...]

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Jumpstart Your Economy: Doing Your First Budget

January 26, 2009

What Is A Budget?
First things first. What is a budget? A budget is basically a written plan where you decide where each and every dollar will go in the coming month.   You figure out how much income you’ll have, and how much you’ll need to spend for necessities.   The difference [...]

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The Best Decision Doesn’t Always Make The Most Financial Sense

January 20, 2009

One thing that I’ve come to realize over the years is that getting your finances together and winning financially doesn’t always make sense. In fact, sometimes, it defies financial logic.
There are a lot of reasons why this is the case,  but for me the most convincing one is that we as humans aren’t perfect [...]

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Have Some Fun This Weekend Without Spending A Lot Of Money

January 7, 2009

One thing my wife and I have been doing lately is to try spending less on entertainment and “fun money” than we have in the past.  We know if we want to get ahead we need to cut down on those miscellaneous entertainment dollars.
Cutting down on those dollars doesn’t mean we can’t have any fun, [...]

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A Bad Plan Is Better Than No Plan At All

January 2, 2009

photo credit: Plans w/a K
For the better part of a year I’ve been blogging about frugality and finances. As a side-benefit of blogging about money, we’ve ended up paying pretty close attention to our family budget. Because of our planning and attention to detail we’re doing pretty well now. But it [...]

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Motivate Yourself By Setting Goals And Rewarding Yourself When You Meet Them

December 16, 2008

My wife and I have been seriously paying attention to our finances since earlier this year when we took Dave Ramsey’s Financial Peace University. We’ve never been in bad financial shape, but we’d never really been getting ahead either. That all started to change when we realized that in order to get ahead, [...]

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