Tag: budgeting

The Cost Of Financial Illiteracy Part 2

In our part one of the costs of financial illiteracy, we looked at the story of R. Kelly a popular R&B singer to emphasize America’s lack of knowledge concerning budgeting and saving.  We continue exploring this problem by looking at the Literacy Project.  The Literacy Project s a nationwide organization that works to address and fix America’s financial illiteracy. Recent statistics show that the number of Americans who are “functionally illiterate” (Meaning they can read […]

The 50/30/20 Rule of Thumb for Budgeting

You’ve reviewed your spending and created a budget, and now you know exactly how much you spend on your home, your car, discretionary spending, and how much you divert to your retirement accounts. That’s all good, but what about other savings, such as for an emergency? How does your financial allocation compare to the amount you should ideally spend and save? Harvard bankruptcy expert Elizabeth Warren- U.S. Senator from Massachusetts and named by Time Magazine […]

Budget and Frugal Lifestyle Stories

Patience with Money Decisions – Wins! The biggest money saver discovered is patience! Do your research and know what you want, then wait for a sale, then purchase the item, you’ll save a huge amount of money. This tip will help you have 50% or more so many times, so be willing to be patient and the money you save will grow. Patience really helps save money!  Frugality Has Its Advantages… Another frugal living success […]

financial emergency

You Will Face a Financial Emergency at One Point in Life! Here’s How to Plan for One

1 in 3 people will experience a financial emergency at some point in their life. Most people do not recover and they end being another sad statistic. You do not have to be counted among these people. The thought of being affected by a major negative event in your life that could ultimately affect your finances; for instance, a job loss or an illness will have many people sacrifice their good night’s sleep trying to […]

a woman creating a budget and learning how to budget your money

Learn how to budget your money Today Using These Tips

If you are serious about your financial fitness, one of the questions you will find coming to you frequently is how to budget your money effectively. Financial planning is a necessary activity that you have to do from time to time because no one can predict the future. We budget so that we can have a secure future. When you learn how to create a budget, you become more financially strong, providing yourself and your […]