According to the IRS there are two categories your money falls into. Earned income and unearned income. As it turns out, how you get your money matters…a lot. so here are the differences between unearned income and earned income.
Category Archives: Money Basics
How To Budget When You’re Broke (Budgeting Tips For The Poor And More!)
It is easy to think that you’re too poor to have a budget, or maybe you just don’t think you make enough money so of course you’re in debt. It doesn’t have to be that way. Using a few extra steps you can budget even when you’re broke.
How Fun Money Keeps You On Budget
Have you ever felt constrained by your budget? Probably, and that is a normal feeling. The best thing to do about that is to have some fund money set aside to help you stay on course. Here’s why…
How Much Should I Budget for Food?
How much should I spend on food each month? That is a hard question to answer, so let’s simplify it.
Living on $40,000 a Year, Can You Do It?
Depending on who you are $40,000 a year can sound like a lot of very little money. So what is it? Is $40,000 a year good money? In a way yes, but…
How Irregular Expenses Ruined My Budget and How You Can Pay Them
The actual problem is not how much I spend at Costco each month. It’s that I always forgot that my yearly membership needs to be renewed every January. And that was not in the budget.
Is Budgeting Enough?
Traditionally, the first step to becoming financially secure is to create a budget. But is a budget enough to get you there? Honestly, budgeting is a great tool, but so is a diet and we all know how those work out. Find out the right way to budget.
Making Sense of Investing
How to get started investing can seem daunting. Not anymore. This page covers investing 100.5 (because investing 101 seemed to hard). Understand basically what a 401k, 403b, IRA, ROTH 401k, and more are in just minutes.
I’m Financially Secure, Now What?
If you’ve followed Dave Ramsey’s baby steps, or you are debt free you may be asking what next? Now is the time to move from being financially secure to becoming financially independent. Here’s how you get started.
Running List of Definitions
Personal finances definitions on a range of topics from Assets to Investing to Taxes. Assets: Things that put money into your pocket every month (or year). Sometimes equity in your house is also included as an asset, but I prefer not to include it. A car loses value every year (depreciates) so it is NOT an asset.
