Financial Advisor Locator

The first thing we did when we decided to get out of debt was reevaluate our budget. We knew that we had to change the way we spent our money before our financial situation could change.

The amount of information out there on budgeting is overwhelming. There are lots of trite and obvious articles out there (like this one) that give such groundbreaking (and condescending) advice as “Incurring debt is easy but getting out of debt is not.” or “Reducing the luxuries will always be the best place to start for you to make some real savings with the least impact on your lifestyle.”

I’ve even read articles recently discouraging people from budgeting because, “You know you should budget, but you also know you’re not really going to do it.”

I vehemently disagree with this logic. The NUMBER ONE reason people are in so much financial trouble right now is that they are not willing to put in the work and sacrifice needed to save money, wait for purchases, or do without some things altogether. The simple act o

Read full post…

An often overlooked tool in managing your personal finances, the basic budget is where it all begins.  The budget is the foundation from which all other things relating to your personal finances are built.  Ironically, many of us have the tendency to set our budget and move on to bigger and better things.  We may tweak the budget if we remember a change or make the occasional adjustment, however few people take the time to really sit down and review their budget on a routine basis.  This lack of attention to the very basis of all financial matters can result in costly mistakes in the long run.  If you haven’t reviewed your budget lately you may want to think about doing so soon. And if you haven’t even created a budget yet, don’t worry. Here’s how

Read full post…