budgeting

The Quiet Millionaire: Part 2 – Major Obstacles to Financial Success

Want to have the wealth you need to follow your dreams? Brett Wilder, Certified Financial Planner and author of The Quiet Millionaire suggests that there are 7 major obsta

The Retirement Latte

My introduction to David Bach was when I saw him speak at a financial conference a few years ago. He told an interesting story about a couple who came in for a consultation with hi

Choosing Between Apples and Oranges

My family lives a fairly simple lifestyle. We live in a rural area, drive older cars, and rarely go out for dinner. But we also like to enjoy life. Given that we know approximat

Debt repayment is not an expense

Over and over again, in budgeting articles and even books on personal finance, I see sample budgets that include debt repayment as if it were an expense. This shows a fundamental

Your budget: envelopes or a plan?

When I was first introduced to budgeting, the model used was the envelope method. Every payday you'd take your cash and divide it up among envelopes labeled "Rent," "Groceries," "Electric Bill," etc. [more]

Start with recurring monthly expenses

I tend to divide spending up into four categories. [more]

A Budget is Not a Constraint

When people resist the idea of budgets, the most common reason is that they view the budget as an unwelco

Budgeting for the rest of us, or How to follow a budget without breaking down in tears

Budgeting can be difficult. For some people (like me!), it brings up things that they may not want to see. For others, it's a necessary but frustrating tool to curtail spending, or a painful reminder of how much they overspent, yet again. [more]

Honesty: Truly, the Best Policy

Are you honest with yourself about money? Some of us could really use a financial reality check — from ourselves.