Category: Budgeting Tips

Starting a budget can change your life. It changed mine. I’m sharing all of the budgeting tips I can find, and everything I’ve done since I made my first excel spreadsheet.

A budget is the perfect way to see an accurate picture of your spending, saving, and income. When you track your spending, it’s easy to see your money priorities in black and white.

Whatever your money goals are, a budget will help you achieve them. Do you want to get out of debt? Start a budget. Do you want to save more money? Start a budget. Do you want to know if you have enough money to invest more into your retirement? Start a budget. Planning a dream vacation? A budget will help you save the money faster.

Use all of the resources and budgeting tips to fast track your financial goals and build the life you want.

Sinking Funds for Beginners: How to Set Up Sinking Funds

When I first heard of sinking funds, I have to admit that I was a bit confused. I was talking about money with a couple acquaintances who both seemed to be on the same page, but I was lost in the clouds. My mind tried to stay engaged in the conversation, but kept asking questions. […]

How to Stop Impulse Buying (10 Steps)

We’ve all been there. You see something and you HAVE to have it. It wasn’t on your list, you didn’t plan to buy it when you went shopping, but it ended up in your bag anyway. So how do you even start to control impulse buying? Avoiding impulse spending starts with an intentional game plan […]

How to Budget for Couples Living Together

When you’re in a relationship, you have to start thinking about how to manage shared expenses and budget together. But combining finances isn’t as easy as it sounds, and even couples living together for a long time struggle to budget money together. If you’re living together with your partner and are struggling to manage your […]

Top Essential Home Buying Tips for Millennials

Buying your first home is exciting and also a little scary. And the good news is it’s as complicated as it first appears. It’s really easy to get distracted by the idea of buying your dream home. But there is more to home buying than simply getting pre-approved for a mortgage, picking out a house, […]

How to Divide Your Income with the 50/30/20 Budget Rule

There’s a lot to consider when you’re wondering how to divide your income. The simplest and most direct way to divide your income is using a budget spreadsheet and a simple budget rule like the 50/30/20 budget template. I’ve found that budgeting is easier to do when there are rules and guidelines. Otherwise budgeting feels […]

What are the 3 Categories of the 50/30/20 Budget?

There are 3 categories of the 50/20/20 budget. After calculating your after tax income, split your income into three spending categories – 50% for needs, 30% for wants, and 20% for savings and debt repayment. The 50/30/20 budget rule is perfect for anyone looking to start a budget. And the good news is, you don’t […]