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Finance

recovering-starbucks-snob-saving-me-money

How recovering from being a Starbucks snob saved me money

In Finance, Phenomenal Living

Don’t get me wrong I LOVE a good cup of Starbucks coffee and a delicious Starbucks pastry. It is my own personal slice of happiness.  I love the coffee, the pastry, and the conversations that I have with the baristas when I am there.  One of the baristas even invited me to attend church and I gladly went the following Sunday. To me, Starbucks is an experience that I budgeted and even talk about in my first book and in the workshops that I teach. However, once I had twins, I had to rethink my spending habits. I had to…

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5-credit-card-mistakes and how to avoid them

5 Credit Card Mistakes to Avoid and How to Overcome Them

In Finance

Credit cards are popular because they are easy to use and convenient. Credit card use amongst millennials, the generation of people born between 1982 and 2004, is relatively high. According to a study by FICO, one in three, Millennials carries a monthly credit card balance between $1,000 and $4,999. Additionally, according to FICO, consumer research shows that 83 percent of Millennials (25-34 years old) use credit cards to fund their lifestyle.” This presents a risk to their financial future if credit is not used responsibly. Given this risk, it is best to be aware of some of the most common credit card…

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What you need to do with your personal finances to be successful in business

Get Your Personal Finances Right: The Financial Steps You Need to Know Before Starting Your Business

In Finance

Starting a business is a way to increase your income and also pursue your dreams. However, what many people don’t realize is that your personal finances may impact your ability to grow a successful business for the following reasons: Obtaining a business loan and credit. If you are trying to apply for a business loan then the bank may look at your personal credit if you do not have sufficient business credit history or if you are a sole proprietorship. Funding your business. If you need to allocate a portion of your paycheck to help fund your start-up, then you…

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20 Things You Are Wasting Money On

In Finance, Phenomenal Living

Imagine being able to save money without impacting your lifestyle by getting control over the items that you waste money on.  Before you start to slash your budget and cut out the fun, re-evaluate the ways that you spend without thinking.  Here are 20 ways that you waste money and how you can change this spending. Things you are probably wasting money on Overdraft Fees. Overdraft fees can be as high as $35 per transaction, so if you have 3 overdrafts per month then you end up spending $105 in fees.  What could you do with the extra money?  You…

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How Single Moms Can Save Effectively

In Finance

Saving for single moms can be difficult when you have one income that has to cover the household bills, children’s extras, and everyday life. It seems like it is hard enough to find money left over for yourself, let alone saving. However saving is extremely important even if you have a limited available income. Saving is important because savings allows us to be prepared in case of an emergency, provides peace of mind, helps to prevent a catastrophic loss, or credit card charges. I recommend that you have two types of cash savings accounts. Emergency Fund. This is a savings…

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