Budgeting Archives

Jul12022 by Paul LinusNo Comments

Budgeting tips during economic downturn or recession

Finance

Budgeting is a necessity these days. It is becoming more apparent every day. Seventy percent of America is coming up short on bills, rent, and food at the end of the month. The economy has suffered a huge hit. Everyone knows this. This recession has not rebounded like economist have stated. America still has an unemployment rate that is entirely too high. There is a lot of talent that is still out of work. All of this has put America in a huge crunch. I say this because if you do not know exactly how much money you have, and how much debt you have, then there is no starting point. We are going to change that. You have got to get organized. Put all of your bills on the table. This may need to be done every day when you are just starting out. Go through your mail everyday. Know what y...

How to save money with cookie jar

Finance

A lot of people are watching their weight and don't need to eat cookies! So why not take that old cookie jar that's lying around and put it to good use? Take all the spare change that accumulates and drop it in that jar. In fact don't just put spare change in there, gather coins from anywhere and everywhere to go in the stash. Then by the end of the year, count it all out, and invest! The amount that savers will generate can be astounding. How to Save Money with a Cookie Jar First, take all the loose change from wallets, pockets, drawers around the house, and drop in that old cookie jar in the pantry. Then simply watch it grow for the next 12 months. But this is not just a passive activity! Take an active approach to collecting change. At the supermarket, dry cleaner, even the co...

5 Money Management Tips For Married Couples

Finance

Did you know that money is the number one thing married couples fight over? According to a survey by Ramsey Solutions of over 1,000 U.S. adults showed that they had an average of $30,000 in consumer debt. Of those that have consumer debt, 41% argue about money. Money is an integral part of the marriage which needs to be dealt with early enough to avoid divorce cases. In the survey, it shows that the younger generation is into more debt which is a cause for alarm. Now, more than ever, there’s a need to streamline your financial issues as a married couple. So how do you approach your money issues for the better? Be Open About Finances You should have talked about finances before getting married. However, if you haven’t, it is never too late. Discuss with your spouse and get to...