HOW TO USE THE CASH ENVELOPE BUDGETING SYSTEM + FREE ENVELOPE TEMPLATE

If you have researched how to budget, then you probably have heard of the cash envelope method. This method is not new and has been around for a very long time. Even though it’s been around awhile, many people still don’t know how it works or the benefits. Your first thought is probably, “ugh, what …

Personal Budget Freebie & 4 week Financial Detox

FREE Excel Personal Budget Template – Should you have trouble downloading template email me on humairaamoola@outlook.com for assistance. Budget Spreadsheet Excel – Personal BudgetDownload Your personal finances affect all aspects of your life so lets begin the new year by arranging our finances and creating a solid financial foundation for ourselves. Paying attention to the …

The Money Minute

What is a money minute? A money minute is you taking one simple minute of your day to take a look at your finances. Yip! That’s it. You log into your mobile banking apps or whatever budgeting software you use and review your transactions over the last 24 hours. Why is this beneficial? This is …

Creating a Financial Plan for Yourself that actually works

Before we discuss creating your own financial plan, you’ll need to know what a financial plan is. What Is a Financial Plan? It’s the process of setting goals and thinking through the steps it will take you to reach them. Remember: Each person’s financial plan looks different, depending on their short-term and long-term financial goals. …

Personal Finance 101: Calculating and Understanding Your Net Worth

According to Investopedia, a person or company’s net worth is “the amount by which assets exceeds liabilities”. More commonly put, net worth is the total value of your assets minus your debts. Net worth can apply to a business or a person. I will be applying the Net Worth concept to individuals in this article. …

Money Management Tips For Busy People

Staying on top of your finances plays a major role in whether you achieve your money goals. When you have a life full of career, family and personal demands on your plate things can get busy, fast! As a result, a regular review of your spending, savings, and debt can fall by the wayside.

How to Create a Simple Personal Budget

If you’ve read any personal finance advice, you know there’s one simple rule that comes up time and again: You need a budget. Budgets assign your money a job and establish spending limits for specific expenditures so you can use your money responsibly. Making a budget isn’t as terrible (or boring) as it sounds. It …