The 50/30/20 budget is a widely used budgeting method that divvies up one’s post-tax income into three categories: This method is a great starting point… Read More »3 Reasons Why High Income Earners Shouldn’t Follow the 50/30/20 Budget
As I was reviewing my past budget over the past year, I was surprised to see exactly how difficult it was to determine my success at this goal over the past year. The following analyses will attempt to answer the question: Am I increasing my income and keeping my expenses constant?
Over the past year, I’ve spent my first year in Chicago and I’ve learned a lot about how to live here on a budget. I’ve been mindful of where I spend which has helped me get smart about things that are worth splurging on and things that I can cut corners on.
Some people dream of self-employment and the perks that come with it. Who doesn’t want to set their own schedule, doing something they love, and foster the growth of something they built themselves? While I, too, partake in these self-employment dreams, I also don’t discount the enormous benefits that my 9-5 brings me every day.
Let’s be real, after graduating college, a lot of us aren’t starting out with the traditional 9-5. The current economy makes things worse with employers… Read More »Budgeting with Inconsistent Income
Today, I introduce to you the sinking fund. This handy little personal finance technique is designed to lower that anxiety around big bills and make you much more confident in splurging for things like big vacations or new phones! Keep reading to see how easy it is to start a sinking fund (or two or three!).
Welcome to my hands down favorite part of budgeting. The part where you get to plan for the future and watch your money grow. Without… Read More »Budgeting Basics: Saving and Investing
Welcome to part two of my Budgeting Basics Series. Last time we covered expenses. Today we’ll be talking about income and what role it plays… Read More »Budgeting Basics: Income
Hi all, Julia here. I am kicking off my first series which will be all about budgeting. I am in the midst of creating my… Read More »Budgeting Basics: Common Expenses for every Twenty Something