Templates by BIGtheme NET

Tag Archives: incomehoncho

10 Ways to Control your Money

control your money

Ever wonder where all your money goes? Do you think you donate it all away? We all know that we can’t keep track of it all, but we have to start and try somewhere. You can’t get rich by doing this, but you can prevent yourself from being flat broke and possibly homeless. In this post, I will explain how you too can be a savvy saver when it comes to your money. Here are 10 ways to boost your personal budgeting skills. 1. Look out for Clip coupons: These handy sheets will be your ultimate saviour in the long-run. It’s perhaps the most important aspect of your personal budgeting. Tearing those clip coupons will help you save hundreds of dollars from ...

Read More »

How to Stay on a Budget

how to budget effectively

A written down budget is a must for those wanting to stay on a budget, stay out of debt or pay down the debt they have. People that do not have a written budget may not be taking full advantage of their money. Write Down your Goals! If you’ve never made your budget and set your monetary goals, that’s okay. It’s never too late to take control of your finances. Write down every bill you have and look at your receipts over the past few weeks. You want to be smart with your money, make it last, and get the biggest bang for your buck. You need to set aside enough money to cover all your bills, buy food and gas, and ...

Read More »

Creating a Solid Financial Plan


Every working adult, no matter what their age, should have a solid financial plan to guide them, but few of us get around to building this plan. Every person has different financial priorities, and those priorities change throughout our lives. Regardless of your current age or stage of life, however, the idea of the balanced financial plan remains the same. It is important to see the balanced and solid financial plan as a three legged stool. The image of the three legged stool shows up again and again in financial planning, and for good reason. The three legs of that stool consist of: Budgeting/saving Investing Retirement/estate planning Leg #1 – Budgeting and saving: A realistic budget and savings plan is essential for ...

Read More »

How Best to Grow Your Savings


Grow Your Savings Opening a savings account is a relatively simple procedure, but building the balances to a significant amount may seem challenging. We often forget that our savings need to increase as income rises and as the economy changes. The value of savings lying idle in bank accounts depletes as the value of money depreciates. Developing a savings culture is the most important thing you can do for yourself, and counters the depreciating value of money while being prepared for contingency expenditure. Learning to survive on less money may be difficult initially, but it really does pay off in the future and can help you achieve financial security. Next is a look at how to grow your savings to help achieve ...

Read More »

Top 5 Productivity Tips: Add More Hours to your Busy Day

As a business owner you seem to never have enough time to get all things done, and personal productivity is what differentiates successful people from others. There are a lot of ways to leverage more time out of your busy days and achieve surprising results, and I want to share with you 5 of my most basic tips to improve your personal productivity. Work Smarter! It’s a common misunderstanding that to increase productivity you need to work harder and for more hours. But what if I told you that you could achieve more in the same amount of time just by working smarter? Over the years I’ve found that you need good organization and focus to increase your output and achieve what you want ...

Read More »

Understanding 5 Common Financing Alternatives

Daily spending needs are commonly covered by cash on hand, creating a tangible relationship between the things you buy and the money leaving your fingertips.  In some ways, paying as you go represents an ideal money management strategy.  If the money isn’t in your pocket, the purchase must simply be delayed, until such time as you can cover the cost with cold, hard currency. As appealing as it may be, never going into debt beyond the money in your pocket isn’t a realistic long-term financial approach.  In practice, various forms of financing are commonly utilized, funding insignificant purchases, as well as monumental financial commitments.  Familiarity with wide-ranging borrowing alternatives is essential to financial success, ensuring you don’t overpay for the privilege or ...

Read More »

Nine Inexpensive and Cheap Family Activities

A day out with your family and loved ones doesn’t have to cost you a fortune. There are many ways to have fun without spending a lot of money. Here are ten inexpensive family activities that will let you spend quality time with your family and save money at the same time. Movie night doesn’t have to involve emptying your wallet paying for tickets, popcorn, soda, and other snacks. Instead rent a family-friendly movie, pick up a box of popcorn and some drinks, and watch the movie together at home. You’ll still be spending time as a family, and that’s the most important thing. Turn dinner into a family project. Let the kids help set the table and get the drinks ready. ...

Read More »

Ways to Build and Rebuild Your Credit

Credit scores have become increasingly important in recent years and can affect everything from your eligibility for student loan refinancing, to the interest rate on your home-equity loan, to the premiums you pay for auto insurance. If you have damaged credit, you will be forced to pay hundreds or even thousands of dollars more than a person with a clean credit history. One of the best ways to avoid having to rebuild credit is to never let it go bad in the first place. One of the best ways to do this is to start building credit early. Utilizing a student credit card in college is a great way to start early (if it is used responsibly). No matter where you are ...

Read More »

The Secret to Financial Freedom

Despite what many people think, the true secret to financial freedom does not lie in a fat paycheck. While a cushy job with a huge salary is nothing to sneeze at, the fact is that many of the highest earners are also the most in debt. Financial freedom, and freedom from debt, has less to do with income than with attitude. Getting a handle on your spending and your borrowing is the key to controlling your financial future. Until you are able to control your spending and borrowing habits, you will remain at the mercy of your creditors, no matter how much money you make. In generations past, our ancestors were loathe to borrow money even to buy a home. The current ...

Read More »

Personal Finance is like Formula One Racing

I watched the movie Rush [link here] about the personal competition between two of the best race car drivers in the 1970′s.  The first, an American by the name of James Hunt, is a fast talking, high-living playboy with raw talent.  The other is Niki Lauda, a introverted, nerdy, Austrian driver who is more into statistics and probabilities than socializing. Niki is disciplined, quiet, determined and intentional about everything he does.  When he isn’t staying up late with this mechanics fine tuning this car, he is going to bed early and rising early.  He is in it for the long haul and is risk adverse (compared to the other drivers). At one point, he gets in James Hunt’s face says something to ...

Read More »