How To Budget When You Don’t Earn Enough Money

NOT EARNING ENOUGH MONEY IS FRIGHTENING AND SCARY BUT TEMPORARY WITH A SHIFT IN PRIORITIES   Over the years I’ve had my fair share of emails from readers about budgeting but one of the tougher budgets to work with is the budget that doesn’t earn enough money to balance itself out. With that you need to examine two things, your net income and your monthly expenses because this is the only way to understand how to fix the money imbalance. A simple budget is a plan for your money so you know where it is going before you earn that money. What a relief it is knowing that you have all your bases covered but what if you don’t or can’t? Well, there are some options available to you but more importantly knowing what how much money you need is priority. I know that many of you reading this today may be in this situation and perhaps you’re not sure how to attack it or whether you want to but I can assure you doing nothing will only set you back further. With the recent announcement that Doug Ford has axed the minimum wage increase set for January 2019 to […]

Does having debt mean you have too much money fun?

FUN MONEY STILL COSTS YOU   Having fun and having debt is no laughing matter but not everyone sees debt through my eyes. Sometimes debt is just a piece of paper that comes in the mail for someone who says oh look it’s gone up again and heads out for a night on the town. My theory is you need to earn money before you can play the cash out game depending on what you are spending it on though. Keep in mind not all debt happens because of having fun. Debt for some might mean they go to the grave owing people money and they don’t have a care in the world. Those are the people who live in that financial la la land that I talked about earlier. Learning about money saving habits and paying off debt first is not easy for some people and for others it’s a no-brainer. My friend at My Money Design talks about why it is important to save money and now and when he says “because things will happen” he’s nailed it. Not only do things happen most of us will continually want more stuff over the course of our lives and […]

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