Debt Repayment: How Do We Do It?

As many of us look over our financial picture, we find that we've allowed some bad debt to creep into the frame. And, before we get too far into this post, this isn't going to just be another avalanche (focus on highest interest rate first) vs snowball (focus on smallest balance first) post. My path … Continue reading Debt Repayment: How Do We Do It?

Cash Flow Management System: The Comparison

OK. So, first, we looked at our income. Then, we looked at the necessary expenses that we have. Now, we run a quick comparison to see where we stand, so far. The comparison is rather simple. Estimated Income - Estimated Expenses (from necessities) = "where we stand, so far." Once you've performed the above calculation, … Continue reading Cash Flow Management System: The Comparison

Cash Flow Management System: Expenses – Part I

Once we have an idea of how much money is flowing in, we will need to move on to how money flows out. In developing this thing we call cash flow management, often referred to as a "budget", managing our expenses is definitely the part we hate. For me, I would always think of budgeting … Continue reading Cash Flow Management System: Expenses – Part I

Cash Flow Management System: Income

Now that we have set up some goals for our money (short-term, mid-term, and long-term) and gotten an idea for how we would use our money in an ideal financial world, it's time to move into the specifics of handling our real-life cash flow situation. As you've probably figured out from this post's title, we're … Continue reading Cash Flow Management System: Income

Where Do You WANT Your Money to Go?

In my last post, I wrote about ways to set some long and short-term goals for what you want your life to look like. Now, it's time to put some numbers into getting there. Of course, we'll also need to start prioritizing our goals along the way, since most of us have a finite supply … Continue reading Where Do You WANT Your Money to Go?