What Is A Budget?

What is a budget featured photo

Growing up, I had no one to teach me how to succeed at finances. I learned how to win with money after I already had a family to feed. A budget was not in my vocabulary nor did I ever hear anyone around me speaking about one.

My family never had any sort of savings. I had no idea what a budget was and how empowering it can be to have one set in place. I’ll be the first in my family to save money, get out of debt, invest money, and become financially free. I’m not there yet, but it all starts in one place: the budget.

(This post may contain affiliate links. If you make a purchase through one of my links, I’ll receive commission at no extra cost to you. Thank you so much! Read our full disclaimer here.)

My husband was spectacle at first, but now he loves having a budget set in place. We know all our bills are covered and we have money to spend on ourselves. I feel at peace in our financial life and we agree on every decision together.

What Is A Budget?

written budget

A budget is a written plan that describes what you’re going to spend your money on. If you don’t have a plan, dollars will fly out of your hand into the hands of someone who does have a plan. Winning with money doesn’t happen by accident. This is one of those things that you’re going to have to be intentional about if you want to succeed. Read more

Habits of Poor People That Keep Them Trapped In Poverty

Habits of poor people are passed down through generations. In order to break the chain, you must make better daily decisions.

Habits of Poor People

Have you ever wondered why the rich get richer and the poor become more poor? You may be shocked to find out the habits of poor people are extremely different than those of the wealthy. They view life in opposite manners and use their time differently.

After creating habits of wealthy people, I decided that it wasn’t enough. It’s not enough to tell people what to do if they want to be successful, but also what actions to let go. The habits below will keep you locked in poverty.

What Is Considered Poor?

Poor isn’t always a financial term. Poor is a state of mind that traps you in poverty no matter how much money you have. The word poor can be used to describe someone who doesn’t take care of their health, neglects their family, treats others horribly, and so much more. This is why every year many ‘wealthy’ people commit suicide. Also, that’s why you hear stories of people who win the lottery and end up broke a few years later.

On the other hand, a person who lives in poverty can feel like the wealthiest individual on earth. If you’ve ever been in love, you know it doesn’t matter how many material items you possess. You receive a feeling of completion while your lover is beside you. By being loved, you’ve reached a level of wealth many people only dream of. Keep that in mind as we go through this list. Read more

5 Ways To Save Money On Your Electric Bill Right Now

THIS POST MAY CONTAIN AFFILIATE LINKS. READ THE FULL DISCLOSURE FOR MORE INFORMATION.

5 Ways To Save Money On Your Electric Bill Right Now

In modern America, cost of living can be very high depending on where you live. I want to help you save money in every way possible. This includes: your electric bill. With a large family, it’s extremely easy to be shocked when you open your electric bill. That letter can cause dread and stress in some people. Let’s look at ways that we can lower that ridiculous money theiving number.

1. Turn Off Your Extension Cords When They’re Not In Use

Whenever something is plugged in, it keeps eating electricity until the flow is stopped. The good news is most extension cords have a button that you can easily switch on or off. This is the most simple way. However, if it doesn’t have the switch you can always just unplug them from the wall. This is good because most of the time we have a bunch of stuff plugged in at once resulting in more electricity being eaten. Cut that flow off and save your money!

2. Unplug Everything!

Except your fridge. You don’t want to do that. I thought I would add this in here because it doesn’t just apply to extension cords. Everything eats electric when plugged in. Don’t believe me? Is your TV off? If it is, look at it. See that red light? That’s the standby light. That light is on to tell you that the TV is off. Pretty ridiculous right? Your TV eats electricity when it’s off just to tell you that it’s off. LAME!

plug no electric

 

Read more