One way to make the management of your finances easier and remove emotional barriers to positive action is to automate as many financial tasks as possible. In theory, this sounds sensible. With automation, you only have to make a financial decision once, at the time you set up the automated function. From then on, you [...]
There are some practical considerations to keep in mind when using the envelope method I discussed in my last post to implement your budget. Cash for the envelopes To fund your envelopes each month, you will need cash in the correct denominations in order to come up with the exact amount of money for each [...]
It’s one thing to create a budget; it’s another to actually put a budget to use. How do you do that? Pay fixed expenses by check The good news is, a large part of your budget will be easy to implement. Your fixed obligations are paid once a month by check. You’ve already been doing [...]
