Tag Archives: budget

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.

100% Electric – How we converted to a Nissan Leaf

100% electric

How going electric can really lighten your monthly budget. I am on an endless quest to reduce my monthly expenses which in turn maximizes our disposable income. One of most families biggest expense category is vehicle ownership. From car payments to insurance to maintenance to fuel, not to mention depreciation, a lot of money is funneled out of your wallet through a vehicle.

Now that I have finished playing captain obvious, you can quickly imagine a few strategies to minimize that exposure. The 2 main ones are

Personal Budget: Let’s build our own.

Personal Budget

Budgets are important! Companies live and die by budget management, why shouldn’t you? Let us take a few minutes to detail how to elaborate your own personal budget. As a reminder, a Personal Budget is a document where we quantify the incomes and expenses that we expect to have in a period of time.

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.