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Tag Archives: budget
The Wow Factor: Getting the most bang for your buck
When you think about making a purchase, have you ever thought about rating it on a scale of 1 to 10, with 1 barely moving the needle and 10 being a big, exciting WOW?
Back in the 1990’s I came across The Tightwad Gazette by Amy Dacyczn and the revolutionary idea-to me-of actually planning your spending, living a frugal life, and the proposal noted above of a Wow Factor scale. She recommended testing all spending with this simple rule. Basically, you just need to determine how much wow you are getting for the money you are spending. Continue reading
Posted in Budgets & Spending Plans, Frugal Tips
Tagged amy dacyczn, budget, opportunity cost, spending, wow factor
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Your Profit & Loss Statement Doesn’t Mean Much
Financial Accounting vs. Cash Flow Management When you look at your business financials, how do you know if you’re making a profit? Many small business owners use their profit & loss statements (P&L) as the only way to tell if … Continue reading
Posted in Small Business
Tagged budget, business, cash flow, self employed, Small Business
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Money Saving Tip: Create a written…
This week’s money saving tip: Create a written budget. Spend every dollar on paper before the month begins so you know exactly where your money is going. Find more money saving tips at financialexcellence.net.
Posted in Personal finance, Saving Money
Tagged budget, Financial Excellence, money, money saving tip, money saving tips, month, Saving Money, spending money, written budget
1 Comment
Financial Literacy Month Question of the Day: April 23rd, 2011
Matt Wegner from FinancialExcellence.net has a great question for today: How much should you spend on groceries per person in the household each month? A) $50 per person B) $100 per person C) $150 per person D) $200 per person … Continue reading
Posted in Personal finance
Tagged budget, financial literacy, financial literacy month, food, groceries
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Financial Literacy Month Question of the Day: April 14th, 2011
http://www.youtube.com/watch?v=vIEprTq0NjY”>http://www.youtube.com/watch?v=vIEprTq0NjY
Today’s question is from Jackie Walters from “Personal Finance with Jackie Walters” on FaceBook: What percentage of monthly income should you budget for a mortgage payment? A) 10% B) 25% C) 45% The direct link is: http://www.youtube.com/watch?v=vIEprTq0NjY
055 Financial Excellence: Sticking to Your Budget to Get Results
Podcast: Play in new window | Download
Episode 55: How do you stick to the budget when one spouse is a saver and the other is a spender? April 13, 2011. Last week we said that this episode would be our guest appearance on the Money Plan … Continue reading
Financial Literacy Month Question of the Day: April 12, 2011
http://www.youtube.com/watch?v=cwVnND7DjKU&feature=youtube_gdata”>http://www.youtube.com/watch?v=cwVnND7DjKU&feature=youtube_gdata
The question for the day is by Julia Gray-Lion from www.PromisesFC.com: If you are single you…. A) Don’t need a budget (you’re the only person responsible for you) B) Don’t have time to do a budget (time-poverty is real) C) … Continue reading
Financial Literacy Month Question of the Day: April 10, 2011
Today’s question comes from my friend Steve Stewart at Money Plan SOS. I love this video! When money gets tight we… A) Stop saving for retirement B) Stop eating out C) Stop talking to each other Direct YouTube link: http://www.youtube.com/embed/PxyjCufqxBw
Posted in Personal finance, Relationships & Money
Tagged budget, money fights, Relationships & Money
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Congressional Debate over Budget Cuts is Irrelevant
There’s a lot of debate going on in Congress about the federal budget and the cuts we need to make in spending. Republicans keep asking for larger cuts, and the Democrats (grudgingly) concede. Sounds like we’re making progress on being … Continue reading
Posted in Politics & Government, The Economy
Tagged budget, deficit, federal budget, government, politics
3 Comments
Plan Like a Pessimist to For Extra Money in Your Budget
How to squeeze the most money out of your budget One of the common things that causes people to mess up in their budgets is that they get overly optimistic in the planning stage. Entrepreneurs are really bad at this … Continue reading
Posted in Budgets & Spending Plans, Personal finance
Tagged budget, planning, Saving Money
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