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.
Having money invested or owning a home is useless unless you can handle an emergency. An emergency fund or a rainy day fund will help you feel more secure with your money. Here’s how to build one.
Do you ever wonder, where does all my money go? The answer is quite simple, probably to your house, you car, and your food.These are your biggest expenses. To keep more of your money in your pocket, read this article on how to reduce those costs.
Life style creep, or spending more money than you make because you increase your spending with each pay increase, is why you have no money at the end of each month. Find out what to do about about it by clicking here.
Do you know how much is coming in every month? Most people do. But do you know how much is going out every month? Even when people budget they often don’t know how much they spend ever month, so if you want more money then you have to track your spending.
Budgeting and investing and hoping to win the lottery are all ways you can get rich, but if you want to be truly successful then you can’t just hope that you finances will improve. You have to spend less than you earn.
If you’ve at all fallen down the finance blog rabbit hole then you are probably aware that there are so many finance blogs out there they can’t even be counted, let alone read. So wouldn’t another blog on finance just be white noise? If you’d like to look at it that way, I suppose youContinue reading “Why Another Finance Blog?”