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How To Automate Budgeting and Savings Without a Budgeting App
by Zack Gutches, CFP®, CPA, True Riches Financial Planning
One of the most common challenges I hear is how to budget and optimize Cash Flow. In other words, how to make the most of your monthly paycheck(s) and expenses, and managing all the moving pieces of what comes in and out from various accounts and sources.
Are You a High-Income Earner? Three Unexpected Reasons to Save More Than You Think You Should
by Eric Roberge, Beyond Your Hammock
Saving money is often framed around two main goals: setting aside a portion of earnings to build a nest egg for retirement, or building up cash savings to use on big purchases.
These are obvious reasons to save — but what if you don’t have a hyper-specific short-term goal that gives you a clear reason to feel motivated about saving? What if you already saved up for and bought the nice car? What if you moved into your forever home five years ago? What if the idea of retiring decades from now feels so far-off and removed from your present-day life, it's tough to get inspired to save the dollars you earned today so that Future You can enjoy them decades down the road?
The Psychology Behind Overspending – Understanding the Internal Motivations that Lead to Financial Impulse
by Michael Reynolds, CFP®, Elevation Financial
Have you ever found yourself staring at a pile of shopping bags, wondering how you managed to spend so much? Or maybe you've checked your bank account balance, only to be shocked by how quickly your paycheck disappeared?
If so, you're not alone. Overspending is a common financial challenge that affects millions of people, regardless of income level or financial knowledge.
At its core, overspending occurs when we consistently spend more money than we have available or more than planned. This behavior can lead to many financial problems, including mounting debt, depleted savings, and increased stress about money.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
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Good Financial Reads: Saving Money
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