Savings

Build-Improve finances slowly when living paycheck to paycheck

We get emails from, read stories on, and have life experiences about people who want to improve their finances “overnight”. That is rarely possible, and it takes time to improve your financial situation or to build finances. Whether it is paying down debt, saving money, or improving your financial situation from new skills, all of them are accomplished slowly, over time (usually years). We know of people and hear from low and even middle income families who want to have significant savings accounts, investments, or pay down their debts right …

A dollar saved is more than a dollar earned

The old saying of a “a dollar saved is a dollar earned” is not true. The fact is that you need to factor in taxes into everything you do. In other words, you need to earn more than a dollar in order to save a dollar. The same concept applies to spending as well. For example, if you say spend $5 on a Starbuck latte, you really needed to work enough hours to make more than $5…as you need to factor taxes into this equation as well. We are always …

Cable TV is a want – not a need

Probably a week doesn’t go by in which we don’t receive an email from someone who is looking for resources to help them pay their cable TV bill. Each and every time we write back saying that cable television, or the equivalent like satellite TV or really any streaming service, is a “want” and not a “need”. You do not need TV like you need food, a roof over your head, medications if sick, utilities, resources for work expenses, or water. It is so frustrating to see these requests of …