Finding Your Why For Personal Finance
Finding your why for personal finance is an important step in setting and achieving financial goals. To begin, it’s important to think about what motivates you as an individual when it comes to money…
Finding your why for personal finance is an important step in setting and achieving financial goals. To begin, it’s important to think about what motivates you as an individual when it comes to money…
If you and your partner are in agreement that you want to be on the same page when it comes to finances, then read this article on Inspire My Money. We offer financial coaching for couples that will help you get on track with your finances and work
Do you think that budgeting is the only solution to improving your financial situation? Here’s 4 reasons why you should NEVER use a budget:
1. Budgets don’t address emotions
2. Time
3. Budgets are like diets
4. You inevitably revert back to old habits
Combining marriage and debt often leads to an atmosphere of stress and anxiety. But this doesn’t need to be your reality. By working together, you can effectively tackle any debts that you or your spouse have accrued. 1. Create a list of all of your debts. 2. Define combined financial goals. 3. Commit to achieving those goals. 4. Set a deadline. 5. Create a financial plan. 6. Evaluate payoff options. 7. Talk regularly about money with your spouse. 8. Don’t assign blame, instead work towards a solution.
Many couples struggle to have positive conversations about money — too often the discussions are derailed by negative responses. People react adversely in four ways to financial discussions: withdrawing, blaming, escalating, and dismissing.
When you work together to identify and implement solutions, you’ll not only feel closer to each other, but your financial situation will improve dramatically.
Have you wondered when the perfect time to start investing in the stock market is? How about today? While the market goes through peaks and valleys, if you are in it for the long haul, the power of comound interest is in your favor.
Where do you start when you decide that it is time to pay off debt? Tackling the credit cards seems logical, but is NOT the best place to start!
Looking to make a real change in your financial future? Then you first have to know where your money goes. In detail. So what does this really look like? Make it simple: Make large categories, say 15-20 of them, rather than trying to pinpoint every expense into its own category Take the time to go …
What Is Compound Savings? Most people have heard of the power of compound interest — when the interest on your money gets added into your account and then you earn interest on your interest. But let’s be real here. With current interest rates well below 1% APY, the amount of money you need in a …
What could an elite Israeli soldier possibly have to do with financial success? His story was captivating, and the lesson he learned was priceless and very applicable to you succeeding with your money.