Category Archives: Managing Finances

The Five Top Expenses for Young Families and How To Cut back

Young families have many obligations to fulfil, and the financial burden can sometimes feel overwhelming. It can be hard for a young couple raising a family to make ends meet month to month with the constant stream of expenses always coming in. With a limited disposable income that most young families have to live on,Continue Reading

How to Improve Your Budget

Everyone who has been budgeting for a while knows that the perfect technique with budgeting isn’t developed over night. It’s more of a process than people often like to admit. Sure, budgeting may sound simple when we talk about it, but it’s much more complex. It’s not merely a step 1, step 2, and step 3. If budgeting were that simple, we’d all be set for retirement and not be struggling with money because that is what a perfect budget offers: flexibility to buy what you want and enough savings to live off of.Continue Reading

The Debt Problem: Your Financial Worries, and How to Fix Them

Everyone worries. Even the most optimistic person has worries — most likely that people think they’re too optimistic. If not careful, these worries can fill people’s heads, leaving little space to figure out how to correct their ongoing issues. You also have worries — mostly in the financial category. With a young family which seems to need more every week, your worries morph into apocalyptic scenarios where you’re all out on the street, or the bank is hammering a Foreclosure sign on your home, or one of your children needs emergency surgery or dental work. And when you review your checking account, you worry how you’ll ever get out of the mess you made when you started said young family, as now you’re in a bundle of debt.Continue Reading

Starting a Young Family: Are you ready?

Planning a family is exciting. Beside the actual, um, creation of the children, there’re thoughts about having a boy or girl, how you’ll educate them, what they’ll be when they grow up, and how they’ll provide for you when you’re old and grey. They’re great topics; however, in many cases they crowd out the most important question for you and your partner … Are you ready to start a family?Continue Reading

It’s Electric: Can an electric car actually save money?

As of this writing, many places across the U.S. are experiencing low gas prices not seen since before the Great Recession. A gallon of gas hovers between $2.15 and $2.50, and this makes for happier drivers. Throw in discounts from coupons or supermarket cards, and those with small-tank cars can fill up for around $25 or $30. A far cry from the $50 or $60 they paid at the same time last year.Continue Reading

How to Home School Your Children on a Budget

Today, more and more families are pulling their children out of the public school system and teaching them at home. Studies show that home schooling gives more attention to the children, allowing them to learn more things faster. You’ll find a lot of early-start and home-schoolers graduating before they’re allowed to drive. A lot of parent’s think that home schooling is too expensive or requires a lot of their time, but if you strategize correctly, both of these issues are non-existent.Continue Reading

Get the most out of a Las Vegas vacation

We’re about to state the obvious — Las Vegas is expensive. Be it the multi-star restaurants owned by television chefs, the amount of money spent in the casinos, or even a simple bottle of water from the Walgreens on The Strip, everything costs a bit more in Vegas than it does even in Henderson, the next town over. This means a vacation budget for a young family can exceed its value, especially if research is not done. We don’t want to see anyone’s vacation go sour, particularly if it’s part of a larger trip toward a destination like California or the Grand Canyon. To assist in keeping costs down, here are some tips to get the most out of a Last Vegas vacation.Continue Reading

Financial Advice: Why You Should Listen to the Experts

Dave Ramsey and Suzie Orman. These are two names many young families hear over the course of time when dealing with their finances. Both are very well-known financial personalities who have their own shows and books. They also appear across the country numerous times a year to promote their financial strategies to get rid of debt and build wealth. Listen to them on a regular basis and their advice is straightforward without any gimmicks. In fact, many of the things we mention on this blog line up with what these and other public financial advisors say.Continue Reading

Keeping Your Cool During Hot Financial Situations

If you’re reading this blog there’s a good chance you have an idea of stabilizing the financial situation for your young family or have done so already. Let’s face it, financial problems, especially those which seem insurmountable, can lead to serious consequences for all family members. This includes medical issues due to stress or personal issues, such as divorce, due to disagreements on how to manage money. It can also lead to heated arguments in front of young ears — something which should not take place under any circumstances.Continue Reading

It’s Winter: Time to Get Ready for Summer Camp!

At the time this blog entry is written the Northeast coast of the United States is under a blanket of white. Snowstorm upon snowstorm has inundated the region with feet of snow while below freezing temperatures have kept it from melting. People who live there are cold, tired, and in need of relief. What a perfect time to start thinking about summer camp for your young family.Continue Reading