Category Archives: Finance Tips

Tips for a better personal budget management

budget management

As it was already said, creating a personal budget is one of the first steps for healthier finances. Apart from creating it, following it strictly is the next most important thing to do. How much your budget will help you will heavily depend on the things that you do with it.

Unfortunately, a lot of people have trouble following something like this. They are so used to spending their money however they want to, if you are like this, here are some tips that will definitely help you to stay on track.

Personal Budget: keep yourself out of trouble!

personal budget

The personal budget topic is a serious one. We already discussed the importance of having one, how to create it, what to do with it, and a variety of tips about how to manage it. Now, let’s talk about those things that you need to be cautious about to avoid hurting the budget.

Most of the time, our spending habits are not good for our budget management. We need to take time to analyze them and try to change them.

The following are a list of things to keep in mind since they can affect the results in our budget.

Mint.com – Makes keeping track of your Finances easy!

expenses

You cannot improve what you do not measure. I have learned this mantra in business but have seen significant benefit in my personal finances. Hopefully, like me, you’ve diversified your investments investments, not only in different financial products but at different financial institutions. It becomes a pain in the a$$ to keep track of balances and performance individually. Well, there’s an app for that! Mint.com is a web based service that allows you to track balances and transactions from a variety of financial institutions all on one easy to use user interface.

TAX – My Biggest Financial enemy

tax, effeciency,

This post will come off as a bit of a rant. I want to share my point of view on one of my most hated financial enemies. To begin, when I refer to tax, my buddy Ben Franklin says it best: “In this world nothing can be said to be certain, except death and taxes.” He couldn’t be more right! Taxes grind my gears. I mean ALL forms of tax. Income, property, land transfer, welcome, airport, sales, Air conditioning, excise, lunch money tax etc!