The Three-Category System of Money Management

The Three-Category System of Money Management

In money management, I divide my finances into three separate parts: Money I Need Monthly, Money I Won’t Need in the Next Five Years, and the third and most neglected category: Money I Don’t Need Monthly But May Need in the Next Five Years Every dollar I...
Use a Sinking Fund to pay cash for a car

Use a Sinking Fund to pay cash for a car

A sinking fund is a fund set aside for a specific purchase you will need to make in the future. For example, cars wear out over time. We all know that the current car we are driving won’t last- sooner or later it will break down and we will need to buy a new...
Why Living Within Your Means Leads To Opportunities

Why Living Within Your Means Leads To Opportunities

Right now, everyone is concerned with debt. National debt, personal debt- everyone knows who Dave Ramsey is and everyone is constantly hearing about the burden of student loan and credit card debt that is destroying, literally, an entire generation of young people....