Net worth tends to dominate discussions about personal finance. While net worth is important, it is equally important to understand your liquid net worth. Liquid assets are a vital part of any personal finance strategy. Your liquid net worth includes your liquid assets, such as cash and near-cash assets. Near cash assets include stocks, bonds, …
When you first start getting your budget together, one of the most important things you need to do is figure out what categories should be included. If you don’t account for all of your expenses it could throw off your entire budget (ask me how I know). So here’s a list of over 100 different …
Pretty much everyone has heard the term “six-figure salary” before, right? But what does that even mean?! Don’t worry, I got you. We’re going to talk about everything from 1 figure to 9 figures (yes, that means 6 figures, too). But first let me answer your question, “How much is 6 figures?”. 6 figures is …
Before we start talking about debt payoff and investing strategies, we need to talk about mindset. Sorry, thems the rules. I’m going to be totally honest with you, I didn’t want to write a post like this at all. I used to think about finance as a more black and white thing. You have $x …
We may earn money or products from the companies mentioned in this post. Keeping track of your money is incredibly important. I mean if you don’t know where your money is going or what your account balances are, how can you set financial goals and know if you’re making any progress? Alright so we can …
I won’t go into detail about Dave Ramsey, I’m sure you already know who he is. I’m sure you also know about his 7 Baby Steps, right? While going through the 7 Baby Steps (or any financial journey) one of the first things you need to do is create a budget or spending plan. But …
Most budgets have a plan for regular expenses, emergency savings, debt payoff, and investing. But what about irregular expenses and those surprise expenses that aren’t really emergencies? Like car repairs, extra vet visits, and those gifts for your second cousin twice removed that you forgot to budget for? If you’re anything like me, I would …
Budgeting can kind of suck (yeah I said it). If you’re just starting out with budgeting it can be hard getting your current numbers together… Like do you know how much you’re spending in each category? Once you have that then you need to somehow figure out how much you should be spending in each …
You can pay with cash, credit cards, debit cards, checks, things like Venmo, and PayPal… There’s also money orders. I know it’s a little old school (when was the last time you saw someone even USE a money order)? People still use money orders – I promise! If you want to know all about money …
Did you know that only 40% of Americans have enough savings to cover a $1,000 emergency expense? They contend that they would have to result in borrowing. To some, this means asking friends or family members for a personal loan. For others, it means charging the expense to their credit card. This should be a …