Learn more about moneyandinvestments with this collection
How to use storytelling to influence and persuade
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Saving versus spending
Saving money now is worth more than spending money later. This advice applies to any budget item that you could spend less on now.
Even if it is a really great deal, remind yourself that cash in hand now is worth more than an unnecessary purchase.
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How to treat your income
Whatever income you are earning right now should be treated like it’s temporary.
Treat your current income as if it might need to stretch for as long as possible. It doesn't mean you need to cut back on everything, but you might need to consider cutting some of your expenses so that yo...
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The next thirty days of saving
If you're unsure what you should be doing with your money right now, cut expenses and save every bit of money for the next 30 days. Then, reevaluate.
- Did you trim as much as you could've?
- Did you purchase anything you regret?
- Did you fail to purchas...
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Preparing financially for the future
With the perspective of an economic crisis in 2020, some of us already have to rethink our spending habits to make ends meet. Others may feel more financially secure. But when recessions come, they tend to come for everyone.
We have to start reevaluating our budgets, and possibly start sav...
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Related collections
Other curated ideas on this topic:
Spending money mindfully
- Leave the item for 24 hours. If you still want it and can afford it, then make the purchase.
- Don’t let “blowout sales” tempt you. Ask yourself if you would buy the item if it were full price.
- Check your bank balance first thing every morning. It will ensu...
When you should use cash
- When you have an emergency: Cash is accepted everywhere, so have some on hand. Dave Ramsey recommends having at least $1,000 in an emergency fund.
- When you want to limit your spending: Psychologically, we spend less money when we use cash as you ca...
Defining Budget Deficits
When you spend more than you earn and the total amount of money that you're spending turns out to be more than the amount that you're brining in causes a budget deficit.
For example, if you spend $100 per week but earn less than that every week, that's a budget deficit. In addition, sh...
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