Budget

My Personal Principles For Prosperity

Money Management: 1. I will create a practical, meaningful budget. 2. I will live below my means. 3. I will balance my checkbook. 4. I will organize my bills and my financial documents. Debt: 1. I will live without borrowing money. 2. I will live without using credit cards. 3. I will routinely check my credit report for errors. 4. I will not lend money. Giving: 1. I will give generously to my church. 2. I will be a blessing to those in need. 3. I will love others and not love money. Saving: 1. I will consistently contribute to my retirement accounts. 2. I will consistently contribute to my children’s education savings accounts. 3. I will make it a…

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Budget

How I Avoid Arguing With My Spouse About Money

I am sitting down to do our budget for March. To be honest, we’ve been “coasting along” for the past two months, making a few “I want that” purchases. My wife and I talked about it last night, and we are both ready to “ramp it back up” and redo our budget. Here’s the process we go through for creating our budget. I enjoy the “math side” of the budget. I crunch the numbers, input them into our budget software, and print out a copy for my wife. Once my wife gets a copy of the budget, she’s free to make ANY CHANGES that she wants to make. My wife has been so super-cool throughout this whole process. There are…

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Budget, Debt Story, Savings

How I Plan To STAY Out Of Debt

If you are debt free (or you plan to be debt free) then you know the freedom of not having monthly debt payments. But, your goal isn’t just to GET debt free, your goal is to STAY debt free. Here’s my plan for living a debt-free life: (First, a word about retirement: I save for retirement in my 403b account. Personally, I try to balance my long-term savings for retirement with my desire to stay debt free and not borrow any money. Right now, I am putting 20% of my gross income into retirement. I also have an Emergency Fund of six months worth of expenses in my savings account.) I determine how much money I need each month for…

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