When it comes to paying off debt there are two notable methods, the avalanche method and the snowball method. The avalanche method focuses on paying off the loan with the highest interest rate first before moving on to the next highest interest rate. Step 1: Make sure your budget is up to date. If you … Read More “How the Avalanche Method Knocks Your Debt Out Fast!” »
Category: Save Money
Hey Guys! Let’s settle right in to learning about budgeting, or as l like to call it, my savings plan. First thing first, you need to remember how important it is to live within your means aka don’t spend more than you make! A common ratio passed around is 50|30|20. 50% for needs, 30% for … Read More “Learn How to Make A Budget for All Your Finances” »
While I know we all want to be able to retire one day, that journey will be different for each of us. No one person will be at the same stage in their own process. Some might be focusing on paying off student loans while others could be focusing on saving for a down payment … Read More “9 Steps To Become Financially Stable Now!” »
We’ve talked about creating our road maps and designing goals to get us there, now let’s dig into learning about finance. Just like creating a life plan, we need a way to assess how we are doing financially. One way is to look at your net worth. What Is Net Worth? Your net worth is … Read More “Determining Your Financial Health – What Your Net Worth Means” »
Goals are the foundation of how you get where you want to go in life! Since we just talked about creating our own personal life plans, today I want to go back and talk about setting goals. So, let’s look at what goals really are. People have been developing theories about goal setting since the … Read More “Setting Goals – Taking Control Of Your Life By Getting SMART!” »
We all know that this year has been absolutely crazy! With COVID and so many businesses shutting their doors, it has really made me think about where I am at in my life. I first created a life plan during a class in college and I have continually looked back on it over the years. … Read More “Creating Your Life Plan, A Road Map For Success” »