Studies show you can get an effective workout in half the time by increasing the intensity: a 10-minute high-intensity circuit can potentially burn as many calories as a slow-paced 30-minute workout. As it turns out, we can apply this concept to finances as well. Few of us have hours to spend on money management (or […]
At first glance, saving money seems pretty generic. It’s not as complex as other financial processes like buying a house, figuring out the most efficient way to pay off debt, or filing income taxes. But when you dig into it a little more, you realize that how a person saves money says as much about […]
You’ve read all the financial gurus’ books. You set up a fancy spreadsheet to track your spending. You follow 20 personal finance blogs. You’ve even switched to a cash envelope system. Still, your budget just isn’t panning out. Sound familiar? When I first got serious about personal finance, I dedicated myself to following all of […]
One of the keys to saving money is cultivating the ability to delay gratification. Unfortunately, that’s easier said than done for many of us. Putting off pleasure today in anticipation of tomorrow’s needs doesn’t come naturally to many people. However, there are ways to overcome your natural inclinations and develop more thoughtful spending habits. Here […]
A financial strategy that works really well is automation. The idea behind automating your finances is that you can set up your finances to mostly manage themselves. This works especially true today because the Internet made everything so much easier to set up automatic payments and transfers. My finances are mostly automated and I prefer […]
Do you have a large but short-term savings goal? Perhaps, like me, you want to save at least 20% of a future home as a down payment. Maybe you want to purchase another vehicle or recreational toy in cash versus going into debt, or you just want to finally finish a much-needed home improvement project. […]
