Budgeting is one of the most important financial disciplines to master. The issue is that it is extremely difficult for the people who need it most. Like most great things in life, it takes a lot of effort and patience to do it correctly. While not out of reach, it has many seriously annoying aspects. […]
How to Create Your First Kakeibo Budget
Everyone wants an easy way to track their finances. There are hundreds of phone apps, websites, and journals made to “simplify” your saving. As much as technology has helped, sometimes the right move is to look to the past. Kakeibo is an age-old Japanese budgeting system built to make you more aware of your spending. […]
How Effective Is Envelope Budgeting
Do you dedicate hours to create your budget? Then when it comes to the execution of that budget, you struggle big time. If following through on your budgeting decisions is your downfall, you may want to consider envelope budgeting. What is Envelope Budgeting? Envelope budgeting is a cash-only method of budgeting. It’s one of the […]
Advantages of Budgets (and Limits too)
A budget is your most basic personal finance tool. It’s particularly critical if you’re looking to improve your finances. However, as with all tools, there are advantages of budgets and there are limitations of them as well. Below we’ll discuss three advantages and three limitations to your budget. Advantages of Budgets 1. Gives you control […]