The Envelope System for Cash Budgeting

Envelope cash budgeting system

I can’t run without headphones. There’s something about listening to music while going out for a jog that I find relaxing. And so, when my headphones broke, I drove to the store and picked up a new set. I usually pay by card, but this time I had $50 in my wallet. Handing over 2/3 […]

Kakeibo Budgeting: The Ancient Technique That Could Save You Thousands.

kakeibo budgeting strategy

I’ve always been fascinated with Japanese culture. I grew up hearing stories of brave samurai warriors and hardworking apprentices that wash rice for ten years before being allowed in the kitchen. It’s a society in constant flux with technological development constantly pushing the boundaries of what’s considered possible. Yet, they have this deep-rooted connection with […]

Starter Emergency Fund: A Quick Guide

a quick guide to your starter emergency fund

I’m going to take you through everything you need to know about a starter emergency fund, including why you need one, how to begin saving, where you should keep your emergency funds, and situations that might warrant spending it. Let’s get started! What Is a ‘Starter Emergency Fund’? Simply put, a starter emergency fund is […]

How Detailed Should Your Budget Be?

how detailed should your budget be?

Budgets are tough. Tough to follow and tough to create. Just when you think you have your budget under control, an unexpected expense throws it off balance. Experience a few surprises within a month, and it can be easy to throw your hands up in frustration and go rogue on the budget. But the good […]

Zero Based Budgeting: A Helpful Guide

What is zero based budgeting?

Zero based budgeting is all about ensuring that you put every cent you earn to use so that you have zero dollars left to allocate by the end of the month. We may recommend that you “spend” your money, but that doesn’t mean we suggest blowing it on a shopping spree or holiday, quite to […]

7 Questions to Ask Before Dipping Into Your Emergency Fund

7 questions to ask before using your emergency fund

Life has an interesting way of throwing you curveballs. And fewer than 4 in 10 Americans have $1000 in savings to cover an emergency expense. While it may be impossible to prepare for every unexpected event, the least you could do is be prepared financially. An emergency fund gives you a three to six-month buffer […]

What Is the Debt Snowball Strategy?

What is the debt snowball strategy

When it comes to eliminating debt, there’s no such thing as a one-size-fits-all approach. With the debt snowball method, it’s all about the quick wins to keep you motivated and using that momentum to stay on track with your debt payoff goals. Unlike the debt avalanche, which takes a more mathematical approach to eliminate debt, […]

What Is The Debt Avalanche Strategy?

Debt Avalanche strategy for paying off debt

Knowing how to pay off your debt effectively can be overwhelming, especially when you’re juggling multiple high-interest credit cards or loans. However, there are some tried and tested strategies that can help you with that. Two of the most used methods are known as the debt avalanche and the debt snowball. I’ll begin by taking […]

The 50/30/20 Budget: A Definitive Guide

How the 50/30/20 budget works

Many people don’t realize that the 50/30/20 budget was created by none other than the 2020 Democratic presidential candidate and Massachusetts Senator Elizabeth Warren. In her New York Times bestseller, All Your Worth: The Ultimate Lifetime Money Plan, Warren offered a new way of thinking about money management that helps you on your path towards […]

What Qualifies as an Emergency Expense?

What qualifies as an emergency expense

For many Americans, emergency expenses don’t have a definition. They have an emotion. You know an emergency when you feel it, and when you feel it strongly, you dip into your emergency fund. The problem with this? Our emotions can easily deceive us. Some pop-up expenses can feel like emergencies, when in reality they’re an […]