Tag Archives: budgeting

3 Reasons Mint.com May Not Be For You

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Mint

The following is a guest post from Edward Antrobus. He is a construction worker, home cook, and writer. He writes about frugality and occasionally disagrees with the personal finance establishment at EdwardAntrobus.com. Thanks for helping while I’m memorizing the 1040 tax form! I first tried using Mint when Intuit first bought them. I used Quicken and Microsoft Money for a number of years and thought I would try my hand at an online version. The idea may be solid for most people, but I quickly discovered that Mint and other online account aggregators aren’t for me. If Mint, or SaveUp, SpringCoin, PageOnce, or Yodlee, works for you, that’s great. But before jumping on the bandwagon, stop and take some time to figure out if the service really meets your needs. Reason 1: Your Accounts Don’t Work Not all banks allow third-party log-ins. My student loans are through AES and I have had … Continue reading →

Ways To Deal With Debt

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Debt is stressful!

The following is a guest post. To learn more about guest posting on iHeartBudgets, please contact me. When you have a serious amount of debt to deal with, the important thing to do is to take steps to get it sorted out. The worst thing that you can do is ignore the problem, as your debts will just get larger the longer that you go without making any repayments. Of course, it can be easier said than done to face debts head on, but there are different ways to go about it. Do It Yourself You can try doing it independently, by adopting a strict monthly budget for your household and sticking to it. At the simplest level you need to draw up two columns with outgoings on one and income on the other. Any savings that you can make to the outgoings column will enable you to generate a … Continue reading →

Seasonal Budgeting

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Sherlock Holmes

I’ve talked before about those little emergencies that can absolutely kill your monthly budget, causing you to dip into savings or go into further debt to take care of. Things such as broken appliances, car repairs, water leaks and Christmas seem to come out of nowhere to blow up your budget. My solution to this is to create savings buckets for items that you can reasonably expect to pay for at some point. It’s easy enough, you just put money away each month in a designated bucket, and when that event or “emergency” happens, you’ve already got money in place to take care of it. What I’ve been running into more and more is what I like to call “budget creep.” Basically, I have a set budget for items such as food, household, etc…but what seems to happen is that we overspend in these areas, even though we’re on a … Continue reading →

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