Tag Archives: Budget

4 Money Lessons for Kids That Are Still Relevant to Adults

When we’re young, it’s important that we learn as much as we can about money management. When we’ve grown up, we’re pretty much set in our ways. It can be very hard to change the way we view and handle our money as adults. However, it may be possible to relearn things we’ve been taught before. 4 Important Money Lessons for Kids We Should Relearn Don’t Forget Your Lunch Money – When we were given lunch money for the week as kids, we could do one of three things. We could spend it all at once; spread it out evenly across the entire week; or spend part of it some days, take lunch from home the others, and pocket the remainder. We’re taught that the latter option is the best, but we’re not all wired that way. The second option is also good, so long as you’re weekly budget isn’t…
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How Can Losing Weight Promote Better Money Management?

There are some who believe the best way to get your finances in order is to simply create a budget. That works for many people, but not all. We’ve recently stumbled across another theory that we like, and we wanted to share with you. Michael Hyatt, one of the authors of Living Forward: A Proven Plan to Stop Drifting and Get the Life You Want, says that the different parts of our lives are not actually separate. Instead, he argues that making positive changes in one part of your life will help make positive changes in other areas. How Does Losing Weight Help with Money Management? There are a few theories as to why losing weight can help with money management. We’ve summarized a few popular ideas as to why it works. The Domino Effect – Many professionals believe that those who are struggling to change one aspect of their…
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How to Save Money When You Have None

Saving money is vital for anyone today. Without something set aside, medical emergencies and broken down cars hit twice as hard. Most financial experts will say that each person should have saved up enough money to live six months without income. With rent, bills, food, debts, and everything else, that’s a huge amount of money! To make things harder, what if you are trying to save, but don’t have a large income? How to Save Money When You Don’t Have Much Income Here are a few tips for anyone who is wondering how to save money when they don’t have a lot of disposable income. Take Free Money – Many employers will offer a 401(k) plan with matching contribution. Take advantage of this free money. Even if the employer only matches pennies on the dollar, those pennies add up. Keep the Change – Stop handing off those nickels and dimes…
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