Mending the Holes in Your Pocket: Knowing Where Your Money is Going     “Look at what’s happening to you! You have planted much but harvest little. You eat but are not satisfied. You drink but are still thirsty. You put on clothes but cannot keep warm. Your wages disappear as though you were putting […]

Record Keeping Basics   Income —In this project, income is anything used to pay expenses and could include bonuses, investment gains, gifts or an inheritance. Record savings withdrawn to pay expenses as income and classify money put into your savings account as an expense.   Salary —It’s simpler to include as salary only your take […]

Facing Financial Storms with Confidence My friend was in desperate need of some answers. Due to reorganization of the company he worked for, he had just lost a high-paying management job. Now, with a high debt-load and little money in savings, he had no idea of how to move forward. Fear-filled questions harassed his mind […]

Problem-solving / Goal-setting   How would you respond if someone asked you to describe where you want to be financially in ten years? In facing financial challenges, it is vital to have a clear definition and understanding of individual and family financial goals. After all, if you don’t know where you’re going, how will you […]

Controlled Spending    One fairly obvious way to save money is by developing good spending habits. Many people have never learned the art of “living below their means” – essentially, controlling their spending.  Spending money to get the most out of it is something you will have to work at, just as you will work […]