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By Daniel Rodriguez | Dr. Budgets Congratulations on your engagement!  You’ve found the love of your life, and are now somewhere in the process of planning your amazing day.  Whether you and your soon-to-be spouse are paying for the affair yourselves, or you have help from family members, you’re probably working within a budget.  How do you manage to stay within that amount and still have your dream event?  My fiancée and I were faced Read More

By Daniel Rodriguez | Dr. Budgets Is credit card debt bringing you down?  There is a way out.  Read on to learn how Jane* managed to become debt free.  Here is her story… Background I bought my condo during the housing boom, and, as many people at the time, I had a five-year fixed interest rate.  After five years my mortgage payment almost doubled, so I started putting more and more of my everyday expenses Read More

By Daniel Rodriguez | Dr. Budgets Have you heard of the Rule of 72?  According to Wikipedia, it is a method of estimating an investment’s doubling time.  This rule is useful for quick calculations. For example, if you invested $10,000 today at a 6% return, the Rule of 72 determines that your investment would double to $20,000 in 12 years (72 ÷ 6 = 12).  Taking this a step further, your investment would double to Read More

By Daniel Rodriguez | Dr. Budgets Here is a simple way you can save between $500-$2,000 per year: drink water when you eat out. According to the National Restaurant Association, Americans eat out about five times per week.  And, whether at a fast-food restaurant or a fancier locale, people typically order a drink with their meal, usually a soda. So how much can you save if you substitute water (not expensive bottled water) for that Read More

“Budgets are awesome!” says pretty much no one…ever!  Except maybe a particular doctor with “Budgets” in their name.  For many people, the word “budget” is often associated with negative images, so let’s use a different term: “spending plan.”  A spending plan details how your money will be spent over a particular period of time.  A spending plan not only helps you plan for your upcoming expenses, but also brings an acute awareness of where your Read More