Tag: budgeting

Finances, For the Love of Family

It’s Not About the Envelopes

Our grandmothers and great aunts used them and many budget experts promote them. Envelopes.  It seems antiquated. Especially in today’s world of automation and convenience, why use an envelope for your money? There are many reasons for not using envelopes. “It’s dangerous to have that much cash available” or “It’s embarrassing to pay with cash” or “I’m not going to look like an old man/woman using an envelope”. If you have said this to excuse yourself from using ‘the envelope system’, you’ve missed the point. It’s not about the envelopes, it’s about the cash. Most people spend an average of […]

Finances, For the Love of Family

$1000 in the Bank. 5 Ideas to get started.

              In Dave Ramsey’s Financial Peace University©, he outlines seven very basic, yet sometimes complex, baby steps towards gaining financial freedom. As a financial coach, I recommend following these proven steps and strategies. But sometimes getting started is hard.  As Dave says in the first video, the first step,  $1000 in the bank, is the easiest and yet one of the hardest steps. Easy because it is only $1000. Hard because it’s $1000. It’s also hard because it is the first step. The first step that requires commitment. First step to prove you are […]