There are so many methods you can use to do your budget. You can do it by needs vs wants, zero-based budget, monthly budget, 50/30/20 budget, paycheck budget, and many more. Also, you can combine methods. I use a zero-based budget and paycheck budget. With so many different budgeting methods make sure you use what […] Read more…
January is over but it is a good time to review your bank accounts and decide what you want to save for in 2024. It’s not too late to start saving. You are not behind. But you have to start planning now so you can accomplish your goals. Sinking funds are a great way to […] Read more…
So, you have a goal you want to save for. Saving trackers will help you with the habit of saving. Saving money is not always easy. You are saying no to using credit cards and instant gratification. Saving is a habit you must get used to doing. You have to wait for the item that […] Read more…
I can’t believe the 2nd quarter is here. I have not written a blog post in a while because I was not motivated. But I am here with the 1st Quarter Update. I am thankful for having the habit of budgeting. In the first quarter, I had to change my budget a few times because […] Read more…
On January 14, 2022, I called to get my car loan pay-off amount and submitted my last payment. I paid off my car a year and a half early. Saving a lot of money on interest. It feels great to free up a $369 payment every month. 3 tips that helped me pay off my […] Read more…
The holiday season is around the corner. Christmas is actually 4 months away. Depending on where you are, summer is coming to an end and pumpkin season is here. Soon we’ll be sipping on hot chocolate and celebrating with the family around the Christmas tree. Are you thinking, I have not saved anything for Christmas. […] Read more…
It’s been a while since I have updated you on my debt-free journey. I started 2021 with $30,204.06 of debt, not including the mortgage. The breakdown of my debt is a car balance of $9,483.85 and my student loans were $20,720.21. My debt payoff has been slow and steady this year. My goal for this […] Read more…
I made a decision to make a big purchase towards my health. With the pandemic, I stopped going to the gym and wasn’t motivated to work out at home. I was going walking but not consistently. It got harder in the fall to go walking because it started getting dark early and cold in Connecticut. […] Read more…
Take time to plan your money goals and your sinking funds so you can be prepared for the year. You don’t want any bills sneaking up on you. Planning your bills and gifts will take away some stress especially if you know about it. Christmas is the same date every year so prepare for it […] Read more…
My goal for 2020 was to pay off my car but that went out the window when we went into lockdown in March because of the virus. I shifted and decided to put most of my extra money into my savings account to have more money in my emergency fund. I had about $4000 in […] Read more…
Sinking funds are saving accounts that are set up for a specific purpose. During the year, different bills and life events come up. If you plan for them, then you don’t have to worry about how you will pay for it. I have several saving accounts in a high yield savings account. I give them […] Read more…
My money goal for 2020 was to pay off most of my car. The balance in the beginning of 2020, was about $15,500. I was making my minimum payments and an extra $1,000 on top of that. I used a pay off calculator if I kept up with the payments, it should be paid off […] Read more…