Have you made paying off your debt one of your financial goals that you want to work on this year? If so, you’ve come to the right place! Paying off debt can seem overwhelming and maybe even feels like an impossible dream that will never happen. But it doesn’t have to be that way. All you need is a plan! That’s where the debt snowball and debt avalanche methods come in – two different strategies to pay off your debt. Debt Snowball Versus Debt Avalanche Both methods start out the same. First make a list of all your debts. This list includes the name of the debt (ie: credit card), the balance, m ..read more

Frugal living is all about being intentional with your money. It’s about balancing your financial goals while still enjoying life. Contrary to what some people think, it’s not about spending as little money as possible. In fact, many people who are frugal will spend more money on each item they purchase. How do they do this? They buy high quality items that last longer, so they can buy less. In the long run, that will save them more money. Maybe the new motto for frugal living should be, “buy quality, save more”? Hmm, I think it needs a bit more spice. Leave me a comment below and tell me what ..read more

When you spend money, how often do you stop to think about your purchase before you buy it? Chances are, you only do this for large purchases. But here’s the thing – even small, every day purchases add up to a lot of money over the span of a year. Worse, when it’s something that you buy all the time, you probably don’t give the purchase much thought at all. Overall, that automatic buying process is beneficial and time efficient. However, it can lead to overspending. So, here’s a list of 20 purchases that you make all the time that are a total waste of money. 20 Common Purchases That Are a Tota ..read more

Travelling is an amazing way to open yourself up to new viewpoints and create adventure in your life. It will bring you memories that will last a lifetime. Memories that you can visit again and again through the pictures you took on your vacations. Plus, travel gives you stories to tell about your adventures – maybe it was how you got lost, how you discovered amazing food or even how you were able to experience different cultures. Sure, travel does take money. But it doesn’t have to be expensive. Here are 16 ways to travel on a budget and create lasting memories – without sacrificing the exper ..read more

Before I talk more about budget categories, I want to take a moment to talk about budgets. Budgets are important because they give us a roadmap of where we want our money to go. They help us make sure we have money for the things in life that are important to us AND to give us a plan so we can reach our financial goals. When it comes to creating a budget, it’s important to create budget categories. Why? Budget categories help us to lump similar expenses together, so that we can look at the totals for each group, or category, instead of dozens of individual line items. These categories give us ..read more

Money affirmations are a powerful tool that anyone can use. Best of all, they’re free and easy to follow. So, what is a money affirmation? An affirmation is a short phrase, that is easy to remember and can be repeated to yourself at anytime – and anywhere – during the day. These phrases are powerful statements about new behaviours that you want to embrace. Do Money Affirmations Really Work? Yes, money affirmations really do work! How? By repeating a phrase over and over, it helps to train your brain to replace negative thoughts with more healthy and helpful thoughts. Healthier thoughts, ones t ..read more

Have you heard about this fun challenge called a “money saving challenge”? A money saving challenge is where you make saving money into a game. You set up the “rules” of the game and then go about “playing”! Best of all, by the end of the challenge, you’ll have saved some money. Okay, so maybe you have heard about it, but is it REALLY that fun? Yes! That’s because changing your mindset from “saving is boring” TO “saving is a fun challenge” really does make a difference. Don’t believe me – then I guess you just have to try it for yourself. Even better, invite a friend to do the challenge with y ..read more

So, you probably already know you should be saving money. And maybe you’re already pretty good at putting money aside. But now it’s time to take that saving one step further – through the use of something called “sinking funds”. Probably about now, you’re asking yourself, “What’s that?”. Don’t worry. I’ll go through exactly what sinking funds are all about, the benefits and how to set them up. Ready? Let’s go! What are “Sinking Funds”? A sinking fund is a specific amount of money that you save each month. This money will be used for a specific purpose (like a vacation) or for expenses (like ca ..read more

Here are 21 unusual quotes about women and money – by women – that will leave you feeling inspired to improve your finances. Be Intentional with Your Money You can do so many things with your money, so why not make it count? Instead of shopping out of boredom, spend that money on something of value. Spend it on things like self care, investing in your personal growth or whatever brings you true joy. Once you give a purpose to your money, it will bring you so much more satisfaction in your life! Here are some quotes to show you how to be intentional with your money. 1.“Just imagine that those n ..read more

Financial goals are objectives that you want to achieve with your money. They help you to control where your money goes and what you do with it. These goals can be broken down into the length of time it will take to achieve them: short-term goals (less than one year), mid-term goals (2-5 years) and long-term goals (five years or more). Why is it Important to Set Financial Goals? It’s important to set financial goals to ensure that you have good financial health throughout your life. These goals help you to be more intentional with your money. That means they guide your decisions when it comes ..read more