The truth is that when you have a family to take care of, every single penny counts. Money doesn’t grow on trees, which means that often each and every penny has to be carefully calculated into your monthly budget, to ensure that you are able to afford to cover all the bills that will come your way. From the cost of food to medical bills, family life does not come cheap.
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The Ultimate Guide To Managing Money As A Couple

by Guest on September 1, 2017

Taking your relationship to a whole other level brings along a bunch of new challenges also. One of them is certainly the management of a mutual (family) budget.

It’s a tough one having another person delve into your pocket every now and then, especially if you’ve been solely in charge of your finances for a long time. Changing ways of doing things and possibly adopting a different mindset is very often inevitable.
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You can spend all day telling your clients that they need to keep their books in better order, but what if you aren’t following your own advice? Even finance majors and accountants at the start of their career may know how to balance a budget, but sometimes they can neglect their own personal finances. It might have something to do with being under the pressure of maintaining other people’s financial wellness, but it’s difficult to give advice that you aren’t taking yourself. In fact, a professional with an online bachelor’s degree in accounting with bad credit and unpaid debts might not be hired by companies with minimum credit requirements. If you already have a good deal of knowledge on accounting and budgeting practices, treat yourself like one of your own clients. [click to read…]

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It’s extremely difficult to get through the month without stress when you live paycheck to paycheck. Not knowing whether you are going to make it another week and whether you can stretch the little budget you do have left for food is so difficult to deal with. It shouldn’t surprise you though, that so many people have no other choice but to live paycheck to paycheck. Scrambling to make ends meet at the end of the month can be very depressing and have a knock-on effect for your health. You could also be unhappy when it comes to trying to cover an emergency that you just don’t have the funds for.
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Being a student is, in many respects, a hard life. The stresses and strains of getting up at midday, living off beans on toast and a few hours of study per week can really bring some near breaking point. All jokes aside, finances can be very difficult when you first move away from home, so here are a few tips to help you avoid troubles in this area.
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How To Afford A New Home

by Pam on March 13, 2017

Most of us have ambitions to own a home one day. There’s absolutely nothing wrong with renting, but for many of us, it’s a dream to be able to call a house your home. If you’re thinking about stepping onto the property ladder, here are some budgeting tips to help you afford a new home.

Saving for a deposit

These days, you’ll need to put down a deposit to buy a new home. Even if you only have a relatively small lump to put towards the purchase, this can make a massive difference to the range of homes available to you. If you’re thinking about buying a house, it’s best to start saving as soon as possible.
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10 Common Family Budgeting Errors

by Guest on March 28, 2016

Are you tired of winging it? You know, just letting your family’s financial chips fall where they may because it seems so much easier than actually thinking about your spending habits? Sadly, you are in the majority; most Americans do not properly budget their expenditures. A proper budget can bring with it a host of positives: less debt, more money for college and retirement, to name but a few. But just having a budget is not enough in and of itself: you must also avoid the common mistakes that budgeting can sometimes lead to.

If you’re ready to take the next step – to really buckle down and track where the money’s going with an eye toward righting your ship for a more secure journey into the future – you’ll want to read this list of ways the budgeting process can go wrong. Then, just do the opposite!

  1. Not Using Family Budgeting to Help Pay Off Debts

It’s great that you’ve decided to start budgeting and it’s even better that you’re sticking to it. You’ve discovered that getting a handle on your spending has freed up additional money every month. Now is the time to go the final step in the process by using those new-found resources to pay down whatever debts you may have. Think of it this way: you’ve stopped the bleeding, now it’s time to heal the wound. If you’ve only been paying the minimums on your credit cards, start throwing more money at them. If you’ve got a high-interest rate, long-term loan on your car, start paying more than what is required in order to shorten the loan and lessen your interest burden. Failing to pay down debt as part of your new budget is one of the biggest mistakes you can make.
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