Category Archives: Money Management
Diagramming The Flow Of Money
For the visual-learners in the audience, I have diagrammed the flow of my money. Regular income is deposited into my primary checking account. Scheduled monthly payments are made, and allocations for non-monthly scheduled payments are then deposited in my online savings account. Irregular income, such as it is, is deposited into my primary checking account, [...]
Dedicate 7 Hours For Healthier Finances – Hour 7
The goal: Dedicate 1 hour a day, for 7 days, and improve the health of our finances. Hour 7 (00:00 – 50:00) Insurance Brainstorm – Do I have enough life insurance? Should I consider switching from whole life to term life? Does my spouse have enough life insurance? Should we consider an insurance rider for [...]
Dedicate 7 Hours For Healthier Finances – Hour 6
The goal: Dedicate 1 hour a day, for 7 days, and improve the health of our finances. Hour 6 (00:00 – 60:00) Create a Career Portfolio Locate, organize, copy, and store important education-related documents, including diplomas and certifications. Locate, organize, copy, and store important work-related documents, including commendations, awards, and acknowledgments. Locate, organize, copy, and [...]
Dedicate 7 Hours For Healthier Finances – Hour 5
The goal: Dedicate 1 hour a day, for 7 days, and improve the health of our finances. Hour 5 (00:00 – 60:00) Establish an emergency fund – While we were getting out of debt, our emergency fund was limited to $2000. After getting out of debt, we increased the amount of money in our emergency [...]
