A couple of days ago, we took a dive into debt, when it's OK, when it's not, and how to begin eliminating it. You also used my Debt Payoff Calculator to figure out how much you need to pay per month in order to eliminate your debt within your goal. If you haven't figured that out yet, you can access that here. Today, I want to help you conquer a huge step in eliminating your debt, but one that people often overlook very easily - optimizing your spending. Are Your Personal Finances … [Read more...]
How to Think Differently About Money This Year
Let me ask you a question. Have you ever sat back and thought about how your mindset about money might be affecting the financial position that you're in, or even the life position that you're in? Most mass media blogs only seem to talk about "saving money" "cutting back" "reducing costs" etc. Why? Because it's easy to optimize what you already have, and it's incredibly easy for them to write about this. Optimization is an important part of your personal finances, but cutting … [Read more...]
Good or Bad? How Our Parents Have Influenced Our Financial Habits
Many people blame their parents for facing financial failures or drawbacks. Did your dad’s nose bar you from getting a prom date? And, what about your mom’s hips that absorb every piece of chocolate that you have? Well, the shape of your wallet could also be impacted by your parents, but these traits come from your upbringing, not through genetics. My attitude about money, whether I spend, save, find a financial balance or even the amount of money that I earn, is most often determined by … [Read more...]