Tag: budgeting
Opdyke on a “spending plan”
I’ve had the conversation many times with other financial professionals and I think that everyone would agree.
At the root of success or failure regarding a household’s finances is how well they control their spending.
A household that spends LESS THAN they bring in will be flush with cash that they can save, invest, and allow to [...]
Posted: November 4th, 2008 under Personal Finance, Saving-Spending.
Tags: budgeting, Debt, spending plan, wealth
Comments: 1
wesabe.com helps track spending
I was introduced to wasbe.com through reading an article on spending analysis. It looks like a pretty good online tool for those who need to get a handle on where their money is going. I currently use www.mint.com but may be making the switch. Here is a you tube tutorial about wasbe.com:
Posted: October 8th, 2008 under Personal Finance, Saving-Spending.
Tags: budgeting, mint.com, spending analysis, wasbe.com
Comments: 1
Cash strapped homeowners
I found this article on Inman news which is disturbing. According to the article 15% of US homeowners carry mortgage payments which are at least 50% of their gross monthly income.
Let’s look at the math on this:
Let’s take a household that makes $75,000 per year. This translates to $6,250 per month.
Monthly gross income: $6,250
50% housing [...]
Posted: September 26th, 2008 under Personal Finance, Saving-Spending.
Tags: budget, budgeting, debt to income ratio, financial responsibility, living beyond means
Comments: none