This is the third and final part in a multi-part series about getting a handle on your finances.
Researching savings accounts will pay off in the long term
Banking and cash flow
So far in this series we’ve looked at how we get an idea of how our money is moving. We’ve looked at our income, our expenses, where we can cut back. We’ve looked at how to organize this to figure out fixed expenses and see how much we actually have to spend every month. Budgeting basics. For the last part of this “Straightening out your finances” series I want to take a look at where funds are being stored. What kind of bank, what kind of account, and why that matters to you in the long run. The short of it is that it can make a big difference over time. Read more…
Personal Finance
cash flow, checking accounts, emergency fund, paying yourself first, savings accounts, Straightening out your finances
This is the second part in a multi-part series about getting a handle on your finances.
Sample fixed expenses
Yesterday, we looked at getting an overview of your income and spending habits. Hopefully you signed up for one of the online finance utilities that I mentioned yesterday. In my experience these have become an invaluable tool for my own financial awareness. They have helped me become a conscious spender, much more mindful of where my money is going. Ultimately, I can thank Mint.com for saving me money. I always know what is in my bank account. I always know what the last thing I bought was. More importantly, I always know what I have left to spend thanks to my budgeting and awareness.
Read more…
Personal Finance
budgeting, Money, paying yourself, Straightening out your finances
