How To Turn Your Resolution Into A Goal (And Actually Accomplish Something!)

How To Turn Your Resolution Into A Goal (And Actually Accomplish Something!)

Welcome to the New Year, everyone! I hope you're ready to kick some butt! While everyone is patting each other on the back and complimenting each other on their wonderful New Year's Resolutions, over here at iHeartBudgets we're getting our wimpy budgets in shape by kicking lame "resolutions" to the curb and coming up with something strong and durable… GOALS! And before we jump in to the details of how to pump those weak-sauce resolutions with some goal-juice, let's talk about what a resolution and a goal actually are. Resolution: Defined Straight from the dictionary: A firm … [Read more...]

2013 Goals And Debt Movement

2013 Goals And Debt Movement

The holidays are officially over. And I don't know about you, but we had a blast! And though I'm sad to see them go, I am pretty excited to get on with the New Year and set some awesome new goals to work toward. Since this is my first official goal-setting post on iHeartBudgets, let's go over a little of my background, and how we got to where we are today. We Had Some Debt Built into my budget, we put together some major goals based on Dave Ramsey's 7 Baby Steps program for paying off debt and building wealth. When we combined our finances in marriage, we had a total of $42,851.31 in debt! … [Read more...]

Give Your Money an Identity

When I talk to people about saving money, the conversation always goes one of two ways. One; The person is not saving money at all and gives me a list of reasons why they can't save any money. Two; The person is saving some money from every paycheck, using the "pay yourself first" method (which is awesome, by the way), but when I ask what they are saving for, they give me a blank stare and say "savings". Though I commend the person for saving money instead of blowing it all, I do think that having arbitrary savings is a complete waste of money. Money Without a Name is Worthless Lets say … [Read more...]

Broke vs. Poor

Broke vs. Poor

To say that I have made poor choices with my money is an understatement. When I look back at all the stupid things I decided to do with money it sometimes hurts. By the time I turned age 21 I had wasted over $100,000 in three short years. SICK! If you missed that, let me write that again for emphasis. I WASTED OVER $100,000 IN LESS THAN 3 YEARS BY THE TIME I TURNED 21 YEARS OLD! Now, I won't get too much into that story (maybe another time), I do want to talk about the concept of being broke vs. being poor. Broke vs. Poor I want to lay out a quick definition so as to show the difference … [Read more...]

Budgeting Basics (Part 5): Your Savings Bucket

Budgeting Basics (Part 5): Your Savings Bucket

Don't you hate it when you are cruisin' along, rockin' your awesome budget for the month and you get blindsided by unexpected expenses?! Thing like birthdays, Christmas and anniversaries pop up out of NOWHERE and surprise you! Now your perfectly normal month just got turned upside-down by all of these different occasions. I can't believe the nerve of some people, being born and celebrating it on the SAME DAY, EVERY YEAR. What's up with that? Anyway, if you find yourself in this situation, no need to fear, because you actually already planned for it. Wait…….you did plan for it…...right? What … [Read more...]

Budgeting Basics (Part 4): Why You Should Get a Month Ahead

Budgeting Basics (Part 4): Why You Should Get a Month Ahead

Of the many things I learned from Dave Ramsey, this is not one of them. This is something my mother-in-law suggested we do early in our marriage. She had been the single-parent of 3 children for over a decade at that point, and was (and still is!) an amazing budgeter. Since this is the only piece of financial advice she felt was important to impart to us before we started our life together, I knew to take heed and try to implement this as soon as possible. I would not hesitate to say that this has been the single most impactful decision we have ever made in terms of managing our money. Here's … [Read more...]

Budgeting Basics (Part 3): Setting Up Your Budget and Reverse Engineering Your Goals

Budgeting Basics (Part 3): Setting Up Your Budget and Reverse Engineering Your Goals

Welcome back to the budgeting basics series. Today we are going to get your budget set up.We will set goals by starting at the end and reverse engineering them to make them attainable. So far, you have put together a priorities list to help guide where your money should go and you have tracked your income and expenses so you can see where your money has been going. Now we can start putting the two together in your actual budget. Start With Your Actual Spending They say it takes 21 days to form a habit. That's 21 days of repeating an action without going back to your old way of doing … [Read more...]