“Live below your means!” You might hear that a lot from financial experts all over the internet and social media. “Live on less than you make.” When we first hear it, it probably makes sense, it resonates with us, but what does it actually mean? Living below your means implies just that. You make a…
We have all heard the phrase, “slow and steady wins the race”. That is true in several areas of life. Whether it is getting in shape, losing weight, or getting our financial house in order. These words speak the truth. Slow and Steady wins the Race – Don’t get distracted! If we think of the…
Intentionally planning for larger expenses is a crucial part of a successful financial plan. From larger items like replacing a car and a home purchase to more recurring items like annual subscriptions or a vacation. Having an appropriate savings plan and knowing how to use a sinking fund is key. What is a sinking fund?…
