household budgets: Will you be saving or spending this holiday season? - 11/06/13 10:44 AM
Will you be saving or spending this holiday season?  I can hardly believe that we are only weeks away from Thanksgiving, then Christmas and 2014!  While we are all working on business plans for the next year, I encourage you to also make a spending plan for the holidays too.
All too often we get caught up in the moment buying decisions, then January comes around and everyone has a bit of a panic attack when they open their credit card bills.  Don't fall into this trap!
Gifts:
Write down everyone for whom you will be buying a gift.
Set … (9 comments)

household budgets: Every Household Should Have a Budget - Get young children involved - 09/01/13 07:29 AM

 
Every Household Should Have a Budget - Get young children involved!
It is my belief that it is never too early to start teaching children how to manage money.  While they won't be making a significant cash contribution to the household, it is important that they start to learn the basics of managing their money.  In my opinion this should begin as soon as they start to receive a weekly allowance.  Instilling these good habits at an early age will surely help them as an adult.
The idea here is to set up parameters for them to follow for … (8 comments)

household budgets: Every Household Should Have a Budget - Getting Started - 08/12/13 10:51 AM

 
Every Household Should Have a Budget!  The key to financial success is to have a plan.  So to formulate that plan, you need to have a household budget.  
 
So let's talk about how to prepare your budget.  The biggest obstacle for most is just getting started.  It seems like a daunting task.  But these helpful hints will get you started.  Here is what I recommend my clients do first.  For the next 30 days, I want you write down every penny that you spend.  
 
At the end of 30 days, tally your expenses by category.
(25 comments)