Day 7: Create a Budget

Thumbnail image for Day 7: Create a Budget

Budgeting. Even the word screams BORING, right? Well, it's not the most exciting thing in the world, but it is crucial to hitting your financial goals. If you assign a value to every dollar you bring in in a month (from fixed costs to flux costs to savings), you've given yourself a path to success. So [...]

Read the full article →

Day 6: Get Realistic With Your Spending

Thumbnail image for Day 6: Get Realistic With Your Spending

What do you spend your money on? Your mortgage/rent, food, utilities, entertainment, clothes, cell phone … what else? Do you know how much you spend on each every month? How about your irregular expenses — what are they and how much do they cost? Today is all about understanding your spending.

Read the full article →

Day 5: Realize Your Expected Income

Thumbnail image for Day 5: Realize Your Expected Income

There's two pieces to personal finance success: what you bring in and what you spend. The most important (and extremely simple) equation for personal finance success is what you bring in – what you spend. If that number is positive, your net worth is growing. If it isn't, you're going in the wrong direction. On [...]

Read the full article →

Day 4: Categorize Your Spending

Thumbnail image for Day 4: Categorize Your Spending

If you don't know where you are, how will you know where you're going and how to get there? Today's entry is all about better understanding where your money goes. How much are you spending? What are you spending it on? Is it in line with your expectations? Thanks to the financial tools we have [...]

Read the full article →

Day 3: Find Your Net Worth

Thumbnail image for Day 3: Find Your Net Worth

It's time for Day 3 in the posting of Automatic Finances: 17 Days to Your Financial Freedom. See the previous posts here: Introduction, Day 1 and Day 2. ****************************** After everything you've done to organize your finances, it's time to take a look at where you stand. Whatever your situation – whether your net worth [...]

Read the full article →

Day 2: Open an Account Aggregator

Thumbnail image for Day 2: Open an Account Aggregator

It's Day 2 (or three, if you count the introduction) from Automatic Finances: 17 Days to Your Financial Freedom, where I'm posting the contents of the ebook absolutely free for you to read. Previous entries: Introduction and Day 1. Here's Day 2: Open an Account Aggregator. P.S. Don't complain that I'm including what one might [...]

Read the full article →

Day 1: Organize Your Finances

Thumbnail image for Day 1: Organize Your Finances

As I mentioned yesterday, I'm giving away my ebook, Automatic Finances: 17 Days to Your Financial Freedom! Over the next two-and-a-half weeks, I'll be posting a chapter a day from the book for your consumption. If you like what you've read, you can get yourself a PDF version of the ebook using the "buy now" link [...]

Read the full article →

← Previous Entries

Next Entries →