How much money should you save each month? As much as possible, of course! Each person is different and won’t fit neatly into a box, but there are some general rules of thumb for how much money you should save a month.
Budgeting is one of the key habits of people who are financially successful. Creating a simple, household budget is easy to do and can change your entire outlook on your personal finances.
Complicated personal finances can lead to inaction or procrastination, stress, mistakes, and bad decisions. The more time and energy you spend just managing your personal finances, the less time you have to focus on earning and saving more money, and the less time you have for you. If you dread preparing your budget each month or even dread just receiving a bill in the mail because, to you, it means one more thing you have to worry and stress about, you should consider simplifying your personal finances. Please find below 11 common ways to simplify your personal finances.
Want better personal finances, but can’t seem to get out of your own way? Learn how with the 9 best personal finance habits to start now!
Over the past few weeks, our family has had to say goodbye to a cherished member of our family, our eldest cat, Hunter. Although he was 16 years old, we still felt like he had a lot of life to live and who heartedly believe that if you accept a pet into your home, you are taking on the responsibility for their care and they become part of your family. He had developed a rare form of cancer on his paw and after various pet visits and a major surgery, our only choice left was to put him to sleep.
We spent thousands of dollars throughout this whole ordeal and would gladly do it again if it meant we could save Hunter. We accepted these risks when we agreed to take Hunter, and would do the same thing for our other two cats, Dunkin and Riley.
This got me thinking about how different people view pet ownership. Some people jump into owning a dog or cat (or bunny, guinea pig, ferret, bird, fish, etc.) without ever considering the costs.
In my opinion, if you hope to get ahead in your finances and hope to be a good caretaker for your pet, you need to understand and accept the costs associated with pet ownership before you ever consider bringing a new member of your family home. So, before you go adopt a pet, you should ask yourself, “Can I afford a pet?”.
Annual Costs of Owning a Pet: Can I Afford a Pet? Read More »
For most people, their home mortgage is by far the biggest expense each month and will end up being their biggest asset. Considering this, it should come as no surprise that when interest rates start dipping (especially when they’re at all time lows), people start looking into refinancing their home mortgage.
Although there can be many benefits to refinancing your home mortgage, it’s important to understand when to, why you should (and reasons you shouldn’t), and how to refinance your home mortgage.
Home Mortgage Refinancing Guide: Why, When, and How Read More »
