Category Personal Finance
Saving for a Rainy Day: Tips for Building an Emergency Fund When it comes to personal finance, one of the most important things you can do is to save for a rainy day. An emergency fund is a savings account… Continue Reading →
Paying off debt can be overwhelming, but it is an important step in achieving financial freedom. Learn how to prioritize your debts, create a budget, increase your income and stay motivated to successfully pay off your debts.
It is that wonderful time of year. Every store has Christmas decorations up. Advertisements are telling you that your spouse will be happy that you purchased a $50,000 car without talking to them first. 🙂 HINT: don’t do this –… Continue Reading →
I ran across this TEDx talk by Jocko Willink. He never mentions finances, but the principals that he teaches have everything to do with Personal Finance.
The secret to wealth building is simple on any income:
Invest for the long term
No debt
Marry well
Stay healthy
Last summer my wife and I were driving home from a wonderful vacation. We had just spent 10 days on the beautiful island of Guam. We were tired from the flying and were excited to get home. We just needed to make the four-hour drive from Salt Lake City to St George Utah. My wife calls our two boys at home to warn them that they have four hours to get the house clean! Our youngest tell his mom “The house is really warm – I’m not sure the Air Conditioner is working
When you are married you combine all aspects of your lives together. One of the most important aspects of being married to doing a budget (also knows as a family financial plan). Money is one of those things that we don’t like to talk about because it makes us uncomfortable.
Picture in your mind having a five-dollar bill. Now, what could you do with that $5 bill? In and by itself, there isn’t a whole lot that $5 will get you. A cup of coffee at Starbucks? Maybe some fast food for lunch? Buy some gas to get you to work?
A few years ago, Lorell and I were looking at purchasing a new kitchen table. Our previous one had served us well for almost 20 years and 5 kids; however, it was showing its age and needed to be replaced. How big of a table should we purchase?