Money Management
Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group.
7 Money Management Tips to Improve Your Finances.
Track your spending to improve your finances. Create a realistic monthly budget. Build up your savings—even if it takes time. Pay your bills on time every month. Cut back on recurring charges. Save up cash to afford big purchases. And, start an investment strategy.
This understanding provides you with a 360-degree view of your financial picture. The goal is to apply key financial disciplines to help you overcome the obstacles to wealth.
With a clear purpose for your money and sound management principles behind it, you are in much more control of your financial destiny.
-
Why it’s Important to Plan, Yesterday’s Taxes are not Today’s Taxes.
The gang is present. Today we discuss taxes, the Real cost of entering new tax brackets, and other random social tangents.
-
Millennial Millionaire Traits You Need to Know and How You Can Use Them
Even with the last decade of economic downturns and uncertainty, a new millennial millionaire is minted every month. According to Coldwell Banker, out of 72 million Millennials in America, roughly 700,000 are already millionaires. Beyond quiet-quitting, student loans, and their love of Starbux $SBUX, millennial millionaires share similar qualities to the old guard. Thus, understanding these traits can help you modify and adapt them, in order to reach new financial heights. While I know some will go to the corner and yell, “Impossible” in four languages, it’s actually doable. Especially if you feel like your back is against the wall financially, adopting these habits will be essential to thrive in the next…
-
If You Think It Costs A lot Today, Check Out These 2050 Estimates
Nothing erodes Wealth faster than Inflation. If the cost is $67k in 2021, it will balloon to $140k by 2050. Are you making the adjustments?
-
Why it’s Important to do a Financial Spring Cleaning Monthly
With a Recession on the way, no better time for a financial spring cleaning. Every April is a great excuse to improve your personal finances.
-
How to Mitigate the Black Tax
Instead of six-figure inheritances, Black families typically pay the Black Tax. And it's going to be costly, $2,000 per month.
-
How We Became Credit Card Debt Free in 2023
We were credit card debt free before in 2021, but we are back at it in 2023. All of this while still building wealth despite the odds.
-
How We’re Building On Our $500,000 Investment Portfolio
A breakdown of our household's investments in 2023. Still, on track with the Net/Max Financial Plan to retire early.
-
How a Great Budgeting Plan Can Help You Live Off of $112,000 Per Year for the Rest of your life
Most people are budgeting ineffectively. Fortunately, this Budgeting Plan Can Help You live off of $112K Per Year for the rest of your life.
-
How the SECURE Act 2.0 Impacts Millennials and Gen-Z
From automatic enrollment to reduce administration costs, the SECURE Act 2.0 offers deep Impacts for Millennials and Gen-Z.
-
Here are the Top Recession Investing Strategies For Beginners
Your household recession investing strategy should help you prepare for financial emergencies, engage in wealth protection, boost dividend income, and scale.
