Breaking the “Saving Money” Myth

Breaking the “Saving Money” Myth

If you subscribe to my blog today, you will SAVE 95% on EXCLUSIVE EMAILS from ME. Why pay nothing when you can be part of the elite club and SAVE ALMOST 100% of the cost of reading this to stay in touch with iHeartBudgets and their AMAZING ARTICLES!!!! But wait, THERE'S MORE! If you subscribe now AND follow me on Twitter and Facebook, you can SAVE NEARLY 300% on the cost of reading this blog. You can join EXCLUSIVE conversations and meet other readers like you who have learned to SAVE BIG! This offer won't last more than 100 years, so SIGN UP WHILE YOU STILL CAN!!!!!!!!!!!!! "For Sale" … [Read more...]

What Does $1 Mean To You?

What Does $1 Mean To You?

Hello all you beautiful readers of iHeartBudgets! Don't forget about our iPad 3 Giveaway! that is going on now! Do you remember the first time you held a $1 bill? Do you remember when you owned your first $1 bill? I remember for me it was trading in my saved up change for $1, which I stuck in my change jar at my grandpa's lake cabin. It was an awesome feeling to have real buying power outside of trading my fish sticks for half a tombstone deep dish pizza (remember those?). Having $1 gave me endless choices about what I could buy, whether it be a handful of candy, a pack of baseball cards … [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 2): Tracking Your Income and Expenses

Budgeting Basics (Part 2): Tracking Your Income and Expenses

Welcome back to the budgeting basics series! Last week, we talked about creating a priorities list to use as a filter for where your money should go. I ended the post by suggesting that you should write down your income and expenses to see where you money is going and to compare that with your priorities. I realize that this is no small task, especially for someone who has not ever put together a budget or been honest with themselves, or their spouse with exactly where every dollar goes during the month. I want to break down the process a little bit to make it an easier pill to swallow and to … [Read more...]

Budgeting Basics (Part 1): Laying Your Financial Foundation

Budgeting Basics (Part 1): Laying Your Financial Foundation

If you know me, you know I love budgets. Like, borderline obsessive about it. My spreadsheets are  simple works of art, delivering powerful, functional information that helps me get a handle on our daily spending and overall financial picture for the month. I can easily say that, without our budget, we would not have a home, my wife would not be a stay-at-home mom, and we’d most likely be BROKE. Now, before we jump into the details of getting your budget started, let’s talk about the basics. Your Priority Filter Over the years, I have learned that I can’t simply adopt someone else’s … [Read more...]