A quick lesson in finances:  anything that depreciates in value isn’t an investment. Your car depreciates the day you drive it off the lot.  If you took out a $30,000 loan to buy a brand new car, then tried to sell or trade it, you would not recover the full $30,000 and would end up […]

continue reading.....

Not everyone can count on  receiving the exact same amount of money each paycheck.  Many self-employed people, sales people who work on commission, waiters, and waitresses can’t predict how much they’re going to make from one month to the next.  Even though a fluctuating income makes budgeting difficult, it’s doable. Making the Variable Income Budget […]

continue reading.....

There’s nothing like getting a raise.  More money coming into your home means more room in your wallet.  After finding out their getting a raise, most people start thinking of all the things they can now afford to buy.  A new tv, new wardrobe, new car… By all means you should enjoy your raise, but spending […]

continue reading.....

Having an emergency fund of at least 3-6 months of living expenses is important to keep you afloat in a financial disaster.  Since your emergency fund will be a large amount of money, you’ll likely keep it in a checking or savings account. This weekend my car battery died.  Since my car was parked in […]

continue reading.....