Budgets

There are plenty of budgeting methods out there. There’s the envelope method. The 50/30/20 philosophy. There are apps and software programs that help you keep track of it all. No matter which budgeting process works for you, most experts agree that making (and sticking to) a firm budget is paramount to financial success. That being […]

“Common sense just isn’t that common anymore.” You’ve probably heard that phrase uttered before. Maybe your initial response was to “OK Boomer” it away with disregard. When it comes to money, though, it’s shocking how often people fail to apply even a tiny amount of common sense to their decisions. You might know a friend […]

Sinking funds are an often-overlooked personal finance concept. However, they can really help you stay on track and avoid budget overruns. The basic premise is simple. Every month you “sink” a little bit of extra money into a specific budgeting category. It could be transportation, planned purchases, personal entertainment, or vacations/holidays. Then, if a rare […]

Budgeting is both an art and a science. A good budget can help keep people on track financially, enable them to save consistently for retirement, and ensure that they aren’t short of funds ahead of payday. However, while having a budget is a great idea in theory, the reality is that most people don’t manage […]