Need to Pay for a Big Expense or Major Life Event? Try a Sinking Fund
Learn how to make major financial goals easier to manage and smoothly handle all kinds of expenses, even unexpected ones.
budgeting apps
Spend Less, Save More With the Cash Envelope System
Here’s how a simple hack can help you become a budgeting pro.
10 Top Budgeting Lessons to Improve Your Money Management
Looking for some financial stability in your life? These tips will help you find the right budgeting style for you.
32+ Best Cash Envelope Categories to Budget Money in [2023]
Budgeting with cash envelopes is one of the most popular methods for people who want to get a handle on their spending….
Read More… 32+ Best Cash Envelope Categories to Budget Money in [2023]
How to Save 20000 in a Year: 10 Ways to Master this Savings [Challenge]
A lot of people think that saving money is difficult and time-consuming. Generally, they don’t know where to start or how to…
Read More… How to Save 20000 in a Year: 10 Ways to Master this Savings [Challenge]
How to Pay off Student Loan Debt
College was a blast, right? You partied, made a few friends and might’ve even learned a thing or two. But now that your final semester is in the rearview, it’s time to think about how you’re going to pay for that hard-earned education. If you’re in your early twenties and part of the class of
The post How to Pay off Student Loan Debt appeared first on MintLife Blog.
Why Money Management Apps Are Better Than Old-School Money Management
Wherever your money goes, a budget app lets your financial plans follow. Money management apps are trendy right now, but they have what it takes to last for the long haul. Old-school budget practices are based on sound financial principles. You add what you earn, deduct what you spend, and make financial plans for the
The post Why Money Management Apps Are Better Than Old-School Money Management appeared first on MintLife Blog.
Best Game Apps that Pay Real Money
You’ve probably heard of sites where you can play games for gift cards and cash. It sounds ideal, but how do you know which ones are legit?You’ve probably heard of sites where you can play games for gift cards and cash. It sounds ideal, but how do you know which ones are legit?
The post Best Game Apps that Pay Real Money appeared first on Money Under 30.
How to Calculate Your Liquid Net Worth and Know What You’re Worth
Are you curious about your net worth? Knowing your liquid net worth gives you a snapshot of your financial health and can…
Read More… How to Calculate Your Liquid Net Worth and Know What You’re Worth
Book review: You Need a Budget
In a nutshell: By diligently applying four simple rules, you can move from being at the mercy of money to being a master of money.
In 2004, Jesse and Julie Mecham were twenty-year-old newlyweds trying to make ends meet. They lived in the 300-square-foot basement of a sixty-year-old home. He was pursuing a master’s degree in accounting, while she was finishing a bachelor’s degree in social work. Plus, they were planning for their fist child.
The Mechams felt flat broke.
But because Jesse was (and still is) a self-proclaimed “numbers nerd”, he decided to create a spreadsheet to budget for every day of the year. The couple steadfastly stuck to their budget, and something surprising happened. Despite their meager circumstances, they no longer felt desperate about money. They paid their bills and still had a little left over for a couple of date nights each month.
Later, while brainstorming ways to earn extra money, Jesse wondered if other people would be interested in his budgeting method, which involved four simple rules. He started teaching others these rules and sharing his spreadsheet. In time, that spreadsheet morphed into a piece of software called You Need a Budget [my review].
Today, You Need a Budget is one of the most highly-regarded personal finance apps available. (Seriously. Everyone who uses it seems to love it. Its users are die-hards.)
In his recent book — also called You Need a Budget, naturally — Mecham shares the method that has helped him (and thousands of others) overcome financial anxiety. Let’s take a quick look at the YNAB method.