Tag: Smart investing
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It’s Your Behavior, Not The Budget
Your financial system is based on the lifestyle you choose to lead: who you want to be and what outcomes you want. A financial system is a set of steps and principles, including roles and responsibilities and time-frame to manage your household financials. The steps and procedures of your system are often based on your…
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The Three Components of Financial Management
“Though one may be overpowered, two can defend themselves. A cord of three strands is not quickly broken.” Ecclesiastes 4:12 Managing money is not for the faint of heart. There are three drivers of financial behavior. When these three drivers are clarified and combined, they provide an exceptional path for investing your time and money…
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The Difference Between a Financial System and a Financial Tool
How many times have you heard “You need a budget?” My husband and I spent hours tracking, and then arguing, over our different ways of tracking money. We had our versions of budgets, and every time we sat down to review the numbers (which were essentially identical), we ended up fighting. It was exhausting and…
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How Living our Values Caused Our Spending to Go Up
My husband and I have never had a problem with saving and debt. We still had money problems. Many people think that if you have zero consumer debt, live within your means, save, and give generously, you will never have arguments about money. Allow me to disabuse you of that idea. Money problems are almost…
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Everyday Investing: Chick-fil-A vs Mother’s Helper
Investing is fundamentally about taking actions today that you believe will benefit you in the future. We often think investing is about being smart with stocks, bonds, and retirement. That may be, but it misses out on the reality that you can invest your time and money in everyday ways that will give you future…
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How to Talk to Your Kids About Credit When They’re Little
A couple people have asked me, “So, when is a good time to talk to my kids about money?” I always answer: “Now” If your children can open your wallet and pull everything out, you can start talking to them about credit. Many of us wonder how to save our children from the heavy burden…