The Ultimate List of Budgeting Resources

Ultimate List of Budgeting Resources

As you get ready for the new year, I wanted to give you a little help with what I know will be one of your New Year resolutions: get control of your money.

Subscribe to future Blog Posts

If you are a regular reader of this blog, you know that the key for winning with your money, for getting control of your financial destiny is to have a working budget.

With that in mind, here my the ultimate list of budgeting resources:

  1. The Recipe for a Great Budget
  2. Back to Basics: Regain Control of Your Money with a Budget
  3. Back to Basics: Keep Track of Your Money
  4. Back to Basics: Pay Yourself First
  5. Budgeting Help: The Envelope System
  6. What if I don’t really have enough money to pay my bills?
  7. 5 Common Budgeting Mistakes
  8. What if I lose My Job?
  9. Budget Priorities: Protecting the Four Walls
  10. Budget Priorities: If I Had To, What Would I cut?

Make this upcoming New Year the best ever or your finances. You can start at the beginning by learning to live with a monthly budget.

Subscribe to our Monthly Newsletter

Frightful Finances?

Frightful FinancesAre you one of those people that really gets into the Halloween celebration?

You spend a lot of time deciding on your costume and you love to attend a Halloween party.

You might be one of those that fills the house with candy in preparation for all the trick or treat visitors.

On the other hand, you might be one of those people that looks forward to Halloween just so you can watch the all weekend horror movie marathons.

After all for you, watching Michael Myers, Jason, or good old Freddy Kruger never goes out of style.

Speaking about scary things, you might prefer to spend the night in a haunted house than 30 minutes looking at your budget for the next month or thinking about what will happen when you reach your retirement age.

And if you watch too much CNN or Fox News, you might conclude that winning with your finances is a terrifying and impossible proposition.

Subscribe to future Blog Posts

But just like there is a way to deal with a werewolf or with a vampire, there is a way to deal with your frightful finances.

  • Afraid of not having enough money to cover your bills every month?
    • You need a plan for your money before you spend it.
    • Prepare a budget every month before the month begins.
    • You still have time for the month of November and it is easier than you think.
  • Afraid of all the consumer debt you have piled up?
    • Afraid of what new fees banks will create to take more of your money?
    • There is a way out of the bondage of debt.
    • You simply have to decide to live a different way.
  • Afraid of the next time the car breaks down or the furnace goes out?
    • You would not be afraid if you had 3 to 6 months of expenses saved away in an emergency fund.

Subscribe to our Monthly Newsletter

  • Afraid you wont’ have enough saved for retirement and that Social Security won’t be there?
    • There is a way for you take charge of your retirement.
    • You need to be saving 15% of your household income into retirement every month.
    • Of course, that’s a lot easier when you have a budget that works and your money is not constantly going to pay credit card bills or car loans.
  • Afraid you won’t be able to cover college expenses for your kids?
    • You can put a plan in place to save $2,000 per kid every year and have it grow tax free.
  • Afraid of the housing crisis and a foreclosure?
    • You can put a plan in place to pay off your house early.
    • Nothing will give you more peace than the security of a paid-for house.

To deal with your frightful finances you need two things: knowledge and the will to act.

I can help you with the first one and I can coach you through the second one. But it is really up to you.

You can choose to live in fear and worry or you can decide to take control and begin the journey towards financial peace and freedom.

“Whoever is slothful will not roast his game, but the diligent man will get precious wealth.
Proverbs 12:27 (ESV)

Missed Your Money Goals? Don’t Give Up: Review, Adjust, Push Forward

Missed Your Money Goals? Don't Give UpA little while back I shared that I had set a goal for losing weight this year.

I set a target amount and a target date of June 30.

Well the target date has arrived. I can report that I have reached about 30% of my goal. In other words, I missed my goal.

So the question is, do I give up?

Not a chance! Setting up an improvement goal helps you focus your efforts.

And even when you miss a target, you are still better off simply because you tried to get better.

Subscribe to future Blog Posts

In game 6 of the 2013 NBA Finals, the San Antonio Spurs were 28.5 seconds away from winning their 5th NBA title in 2013. They ended up losing that game and eventually the series to the Miami Heat in 7 games.

The Spurs could have thrown in the towel, never think about it again and let that loss overwhelm them. Instead, that loss became a motivating factor.

This year, they went through an entire NBA season and 3 rounds of playoffs just to get a chance to play Miami again. But they were ready and won the 2014 title in 5 games.

So if you have missed your money goals so far this year, don’t give up. Instead, review, adjust, and push forward.

Review Your Results

In looking over the last 6 months, I can first focus on what went well with my weight loss goals.

I did lose some weight. My clothes fit me better. I feel great and I am more active. And I am making better choices with my food. I can celebrate all of that.

When you look at your money goals, you too can focus on what went well. Did you start using a budget? Did you finish your starter emergency fund?

Have you paid off any of your debts? Are you now paying more attention to your money?

When you focus on what results you have accomplished thus far, you can maintain your hope that you will win the battle to gain control of your finances.

Adjust Your Goals as Needed

For me now is time to see if my goals were realistic and adjust as needed. I am convinced I can do better and I can reach my ultimate goal.

It make me longer so now, I have set a new target date for around my birthday in September. And I also have added a new goal: I am going to run my first 5K this year.

With your money you also may need to adjust your goals. Maybe you need to add more extra hours so you can increase your income.

Maybe you need to trim your budget even more. Or simply your initial target for getting out of debt was a bit unrealistic.

It could also be that no major adjustments are needed. Whatever the case, do make sure you take some time to think about any changes you need to make.

Subscribe to our Monthly Newsletter

Push Forward

For me and my weight management goals, there is no going back to what I was doing last year. That was not working for me.

No, I am going forward. I have reset my goals, I have a plan, and I am pushing forward. No retreat, no surrender.

In the battle to gain control over your finances, you can’t give up either. You have to keep pushing forward.

Not having any control over your money, not having any savings, being deeply in debt is no way to live.

You can do better and I know you will. Just push forward and don’t give up!

Question: How will you keep pushing forward with your financial goals?