Tag

finance

How Increase Your Savings by Making It Automatic

In Frugal, Phenomenal

If there was one book that totally transformed my approach towards money, it had to be the Automatic Millionaire by David Bach.  This book taught me that if I want to be successful with savings and investing, then you must make it automatic.  The brilliance behind this concept is you can’t spend what you don’t see. The reason why I love this so much is that if the money is taken out of your check before you have to spend it, then you are forced to live on less.  There are a couple of ways to make savings automatic. Change…

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5 Travel Tips To Help Keep More Money in Your Wallet

In Phenomenal

Did you know that 45% of Americans take a summer vacation?  If you ever went on vacation then you know that it can get pretty expensive.  However, there are ways to make traveling a little more friendly on your wallet.  Imagine being able to reduce the cost of your trip so you can either spend more while you are there or put the savings towards one of your financial goals!  Check out these 5 tips to learn how. [more…] Book far enough in advance.  As you know, the price of the hotel is only one piece of the cost to…

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How to Create a Side Hustle to Generate Additional Income

In Frugal, Phenomenal

I run into many people who tell me that they would like to get ahead financially or stop the stress of living paycheck-to-paycheck but their biggest barrier to accomplishing that goal is that they don’t make enough money.  I believe that if you want to get ahead, you definitely have to identify places where you can cut, but you can only cut so much.  You can’t cut your way to financial freedom.  Eventually you will have to make more money.  This is where the side hustle comes in. [more…] When I was in the process of repaying my credit card…

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The Challenges of the Entrepreneur Journey

In Frugal, Phenomenal

Recently I had the opportunity to purchase a ticket to see Duke play in the NCAA Finals Game in Indianapolis.  I really wanted to go, but I decided against it. I decided not to go because I had just taken a trip to Cuba and I realized that I couldn’t keep using the excuse that “this is a once in a lifetime experience” to justify my unplanned spending. On the day of the Finals game I was really upset, because while I was in college Duke never got this far, and I’ve always had to watch Duke play in the…

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How to Identify the Money Leaks in Your Budget

In Frugal, Phenomenal

How often do you think, “Where does all of my money go?!?”  If you think this then chances are you have money leaks in your budget.  What’s a “money leak”?  Think of it this way.  Imagine a bucket that is being filled with sand, but there is a hole in the bottom of the bucket.  Therefore, regardless of how much sand is poured into the bucket, the bucket never stays full because the sand is flowing out of the bottom.  Your bank account is similar.  There will always be money flowing out of your bank account because of your monthly…

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