THE PURSUIT OF HAPPINESS STILL HAS TO PAY THE BILLS If you want to learn the secrets about how you can go broke quick, I’ve got you covered. It’s not about wanting to earn more money it’s about understanding why you don’t have any. Often it’s easier to see outside a pane of broken glass than it is through a foggy window that seems like it will take forever to defrost. Instead of waiting some people decide to jump out the hole where others will wait for the heat. Why on earth would you want to read about how to go broke quick on a blog about frugal living and budgeting? One simple answer The only way up is making sure you’ve got a ladder that is on solid ground. This means understanding what NOT to do even if you think it’s financial common sense. You might be saying, “I don’t need to find out how to go broke quick, I am broke“. That’s fine and dandy but do you really understand what you got you to this point? I’m not talking about excuses either because those people you pay your bills to, don’t care. It really is painful […]
How To Go Broke Quick In 5 Easy Steps : Our Net Worth Update Jan 2018 (+0.39%)
Can you afford to take a full day off from work?
PAYING THE BILLS TAKES MONEY In order to take a full day off from work for most people that means an entire day’s loss of income. That can be tough for any budget but there are times when it must be done. Unless your employer has provided you with stellar benefits or a contract that states your days off are paid sick days you might be shaking your head, no you can’t afford to take a full day off. You may say, yes you can afford to take a full day off because you have money saved up in the event that you need to take a day off and it won’t affect your budget too much. That’s great. Some employees are lucky they can carry over their sick days, bank them or get paid out for them but you must read the provisions of your contract with your employer to know what is covered. If you are not sure contact your human resources department or your benefits company for a more in-depth explanation. It’s better to know rather than to guess. Full day off Not everyone can afford to take a full day off from work […]
Bust our budget November 2013: How do you pay your bills?
PAY ATTENTION TO THE NUMBERS It’s inevitable that mistakes will happen whether they are by human error or computer generated mistakes that for the odd occasion can cause problems when it comes to your finances. How to pay your bills? There are so many ways to pay your bills these days whether it be in person to the organization, at the bank, with a credit card (for points), online bill payments and I’m sure there are a host of other ways to pay your bills. The key is to pay them once and to pay them on time while making sure you are paying for the services you used. We have a bill payment calendar set up on the computer in excel so we know exactly when our bills are due and the general amount they are unless they are fixed as that would be the same amount such as the mortgage payment each week. Just when we thought we were an organized couple financially we go and make an error this week that I wanted to briefly touch on this month because for some it may not be a huge deal but for those that might have limited […]
Get Out of Debt First, Then Focus on Saving
Getting out of debt should be your first priority. The reason for this is simple: The quicker you pay off your bills, the faster you’ll have financial freedom. While it’s a good idea to have some savings on hand, if you have many creditors to pay, it’s important to pay them off as quickly as possible. Here is a look at how you can accomplish this: Develop a budget The first step is to see where you are financially. This means either developing a budget or re-evaluating the one you have used. Look for ways to cut costs. Here are some of the best ways to do this: Ask your cable and cell phone providers for lower plans. Reduce the amount of times you dine out. Pack your lunch. Car pool to work. Hold off on expenses like clothes, unless they are a necessity. By following these steps, it can help you save some money. From there, you can take that additional money to manage your debts. Prioritize your creditors This is where you evaluate each lender you owe money to and develop a plan to pay them off as quickly as you can. The most effective strategy to do […]
