Living for today - Planning for Tomorrow
Sometimes it’s the quick wins that can motivate you when you feel like you’re not doing very well with your money. In your head you might think you’ll never get ahead or that the small things you do don’t matter. Those thoughts, however, couldn’t be farther from the truth. Like Mr. Money Mustache says, “Millionaires are made ten bucks at a time.” Kill those self-defeating
For most people smart money management comes in the form of a slap to the face only after some heavy financial damage is done. Which is always better late than never. You see, nobody comes into life knowing exactly how to manage money. We all make mistakes and, hopefully, learn from them as we go. If you feel like you’ve been trying to get your
Babysitting can easily be one of the biggest expenses of any parent’s budget. In fact, when I read other people’s budget reports I often see babysitting costing more than mortgage or rent. That’s an insane amount of money! While I would personally NEVER put a price on the well-being of my child I’ve managed to keep my babysitting costs reasonably low and couldn’t have asked
I first started using ING Direct (now Capital One 360) years ago and was smitten with the fact that I had the ability to easily create and name multiple savings account. Five years later I’m still dividing up my savings account to help me stay on track with my financial goals. If you’re new to the idea of using multiple savings account here are the
Has anyone else caught the Spring cleaning bug yet? While I’ve been walking around whipping my house into shape, one place I haven’t wanted to touch is the enormous stacks of papers lying in my office drawers. But, if I don’t get it dealt with now I can only imagine what I’m going to have to deal with in just a few months’ time. In
We talk about frugal living often on ELYM. But frugal living without a purpose is pretty pointless. So today I wanted to go over three benefits of frugal living and the ways it’s helped to improve my life (plus two drawbacks). You’ll Have Less Stress When you make the conscious choice to live frugally and spend less than you earn you’ll naturally have less stress.
If you’re at the point in your life where you’re living paycheck to paycheck or just want to save and invest at a faster speed there are certain expenses you can lower or eliminate that will have a huge impact. Sure, skipping your morning coffee will save you a few bucks but if you really want to improve your financial health fast here are the
I am a firm believer that there is no one right way to manage money. We’re all in different stages of our life and we all have different personal preferences. What works for me might not work for you and vice-versa. That’s the way it should be. You should experiment with your money management systems until you find what you like and find something that
As I think back over my last couple of years it’s pretty incredible how far I’ve come. I remember in my early twenties working a low paying office job and thinking that I’d never earn more than $2,000 a month. Where I live there really are no high paying jobs. As far as flexibility and pay, I was doing okay compared to others in my
I’m a believer that when it comes to personal finance you need to look at both sides of the equation: income and expenses. But before you focus too much of your time on income you first need to make sure that you have your spending in line. After all, if you spend every penny you earn then you’re never going to be able to save
