Don’t most children just get what they want nowadays so there is no need for an allowance? Maybe for some, but I am sure that has always been said. Here are the pros, cons, and a blended approach of an allowance: Pros: Value of money: An allowance can help children to realize the value of […]
budgeting
You’re Not Too Sophisticated for Cash
It seems as though nobody uses cash anymore, but why should you? Smart people use credit cards and pay the bill at the end of the month so they can earn points, build credit, and have additional time to pay for their purchases, also known as “float.” But is it really that smart to use […]
The Envelope Method Revisited
A while back I wrote about using the envelope method to help manage expenses and cash flow. Because I believe in simplicity, there may be a simpler way to use this powerful method. First, a background on the envelope method: I started using this method when I was a teenager through the guidance of my […]
Are You Overwhelmed By Debt?
Why or how do so many people get into trouble with debt? When does it become a problem? There are so many reasons, such as job loss or, health problems, but overall it is a disconnect between income and spending, and not enough focus on financial management. I’d like to share a few simple ways […]
Budgets are Boring
Ever wonder where all of the money went and you just don’t know what you spent it on? You’re not alone, but it’s still not a good thing. Here are a few simple ways to help you to keep track of your money on an individual level. We’ll address businesses in another article. Quicken: You […]