Home > Resources > Budgeting and Saving

Budgeting and Saving

Creating a personal or family budget is one of the cornerstones of a sound financial strategy. Effectively managing how you and your family spend income today can help you plan for the future as well as for unexpected events. Learn how to assess your financial situation, set goals that you can strive to reach, and develop a plan that will help you accomplish your goals.

Financial Planning and Strategies


Concentrating on the Financial Planning process

The Financial Process As every process, financial planning has steps that help you to make this process easier and even beneficial. So, you are offered some steps that should be taken into your consideration. 1. So, at first you should identify and set short, intermediate and long-term aims. Ideally, each aim will have a date and dollar quantity attached to it. 2. Then evaluate your current situation and calculate your net worth. Doing this, you need to honestly assess your current... more

Understanding Your Credit


10 Steps to Fixing a Credit Report Error

Did you spot a mistake on your credit report? Take action immediately. This isn't the sort of thing you should overlook. A single blemish on your credit report can negatively affect your ability to get a loan, apply for a job, and may even be a symptom of potential identity theft. Don't let an error, big or small, derail your financial future. Here are the 10 steps to take today to wipe away false or erroneous information from your credit report. 1. Monitor Your Credit Reports You can't fix... more

Budget Planning and Tips


Four Top Tips For Households Surviving On One Income

A family's finances dropping from two to one income can be a tough transition to manage. Splurging on luxuries and treats is a tough habit to break, but each year thousands of families find themselves having to do just that. According to Lean In, 43% of highly qualified women who have children quit their careers or take an extended career break. Of course, other factors, such as illness or relocating, can result in the loss of one income, too, therefore, it's essential you get your spending... more

Saving Fundamentals


Save Money Without Changing Your Lifestyle

We're all only too aware how difficult it can be to live a normal lifestyle without incurring a mountain of debt these days. Sadly current world economic trends show this isn't likely to change in the short term but in the meanwhile we're all trying to find the best ways to save the little money we earn and still maintain our lifestyles. Of course there are various daily activities where you can't avoid spending money - for example you can neither stop buying food from the supermarket nor... more

Managing Family Finances


For Richer Or Poorer

Every spousal financial relationship is unique. Through the years, couples develop their own systems for handling financial matters. Sometimes it is one partner's responsibility to manage all finances, sometimes the other's and sometimes a combination. Whatever the situation, certain information should be shared. Couples should consider mutual responsibility for and knowledge of: Retirement plans: Take time to fully acquaint each other with employer retirement benefits. Both partners... more

Managing Debt


Student Loans: A Bubble in The Making?

By James O'Brien January 7, 2014 If more and more students are leaving U.S. colleges and universities with five figures of student loan debt, and an increasing number of them end up delinquent in repaying those loans, are we looking at a financial bubble? And will that bubble burst? "Very possibly," says Bob Traitz, a college financial-planning professional with American Education Funding. "I believe that it might become necessary to limit student loans, to the degree that... more