I provide personalized service that transforms clients' relationships with money and helps them practice financial management skills that they can use every day to build their best lives.
The Penny Post: Why Budgeting Is Harder Than It Should Be
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Where Penny-Smart Meets Life-Savvy
I provide personalized service that transforms clients' relationships with money and helps them practice financial management skills that they can use every day to build their best lives.
Hi Reader! Over the past few weeks we’ve tackled some of the most common budgeting challenges. We’ve looked at tracking that fits your life, building buffers to protect against unpredictability, and how naming it makes it easier to grow your savings. This week we’re covering the last (and sneakiest) piece: timing. Expenses are not all the same, and understanding what timing type each expense is can give you the right plan to deal with it. Let's look at each one: Type 1: Monthly Fixed Bills...
Hi Reader! What is savings? It seems like a simple question. People often see savings as the money that they’ve saved in their savings account. But is that the whole story? When people have one lump of money labeled "Savings," it tends to create one of two problems: Some will look at savings as a general fund. If there's money there, it must be available, so it gets tapped for almost anything. Savings never builds up and isn’t there when you actually need it. When money is for nothing, it...
Hi Reader! Every budget only ever has two sides: expenses and income. In the last newsletter, we looked at how to track and manage your expenses, but what can you do about income? You may plan out your expenses knowing that a paycheck is forthcoming, but what if something happens to that paycheck? If there is a surprise, how much time do you have for bills that need to be paid? Even if you have a regular paycheck, mistakes can change your income. I once had an HR mistake unexpectedly delete...