budgeting

November 4, 2013 by Michael Gauthier ·

How Healthy is Your Budget: Taking Your Financial Pulse Using Common Ratios

Not all budgets are created equal.

Whether you’ve been working a budget for years or are just getting started, it’s important to check your budget’s pulse with some common ratios to determine if you’re spending too much money in certain areas.

What are those areas? Great question.

In this article, we’ll look at your housing expense pulse, consumer debt pulse, and total debt pulse. So, pull out your calculator and find out if your budget is healthy, needs some lifestyle tweaks, or requires major surgery.
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October 29, 2013 by Michael Gauthier ·

10 Common Budgeting Mistakes and How You Can Avoid Them

How you budget your money matters. Unfortunately, many people fall into financial traps set by society or simply fail at properly managing their finances because they aren’t paying attention to what’s happening.

You don’t have to fall victim to these financial woes. You can change your financial future for the better by avoiding these common budgeting mistakes. Are you ready?

Common Budgeting Mistakes You Can Avoid

1. Not having an immediate emergency fund of $1,000 in cash.

This emergency fund is designed to protect your budget and keep you on track. Life’s emergencies are going to happen. It is not a matter of if, but when. Most emergencies cost less than $1,000. A stolen purse or wallet can leave you without access to your money for an extended period of time. Have the cash!
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Common Budgeting Mistakes You Can Avoid

1. Not having an immediate emergency fund of $1,000 in cash.

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