budgeting Archives - Dr. Budgets https://drbudgets.com/tag/budgeting-2/ Spend Wisely. Live Wealthy.™ Thu, 25 Feb 2021 21:27:43 +0000 en-US hourly 1 https://drbudgets.com/wp-content/uploads/2016/01/cropped-DR_Budgets_Logo_R_Final_xs4-32x32.png budgeting Archives - Dr. Budgets https://drbudgets.com/tag/budgeting-2/ 32 32 Goal Planning for Real Life https://drbudgets.com/goal-planning-for-real-life/?utm_source=rss&utm_medium=rss&utm_campaign=goal-planning-for-real-life Thu, 17 Dec 2020 21:24:35 +0000 https://drbudgets.com/?p=1664 Goal planning can be tricky. I think most of us set goals based on past experience. But the most inspirational goals come from envisioning a better future that looks and feels different than our past. Stephen Covey explained this concept in his book “The 7 Habits of Highly Effective People” with Habit 2: Begin With the End in Mind. He states that this habit is based on “the ability to envision in your mind what […]

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The Value of Having a Good Personal Financial System https://drbudgets.com/the-value-of-having-a-good-personal-financial-system/?utm_source=rss&utm_medium=rss&utm_campaign=the-value-of-having-a-good-personal-financial-system Mon, 19 Oct 2020 15:39:50 +0000 https://drbudgets.com/?p=1646 My life is built around systems… that’s just how I’m wired. For Dr. Budgets, I have systems for managing potential clients, new clients, and coaching clients. I also have financial systems around the money that flows in and out of the company. On the personal side, I have systems for tracking my time, loading the dishwasher, paying the bills, and automatically saving. Which brings me to the topic of this post… having a good personal […]

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Less Stuff, More Happiness (and More Money) https://drbudgets.com/less-stuff-more-happiness/?utm_source=rss&utm_medium=rss&utm_campaign=less-stuff-more-happiness Mon, 14 Sep 2020 12:00:34 +0000 https://drbudgets.com/?p=1634 I read a book last year that I may have changed my life. It is called “Simplicity Parenting” by Kim John Payne and Lisa Ross, and it’s sooooo good. The premise is that kids (and adults) are stressed out by having too many choices and too much stuff. Not to over-simplify it, but the authors suggest putting all of your kids’ toys in one place and getting rid of half of them. And then, get […]

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You Don’t Need an Emergency Fund for These Financial “Emergencies” https://drbudgets.com/you-dont-need-an-emergency-fund-for-these-financial-emergencies/?utm_source=rss&utm_medium=rss&utm_campaign=you-dont-need-an-emergency-fund-for-these-financial-emergencies Thu, 16 Jul 2020 12:00:43 +0000 https://drbudgets.com/?p=1626 An emergency fund (or cash reserve fund) is important to your financial security. I would say paying off high-interest debt and building up an emergency fund are the foundation of your financial stability. This rings even more true during these unprecedented times. But, when should you tap into your emergency fund? What constitutes a financial emergency? I believe the list of actual financial emergencies is short. This would include unexpected life events such as losing […]

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Gina’s Success Story https://drbudgets.com/ginas-success-story/?utm_source=rss&utm_medium=rss&utm_campaign=ginas-success-story Mon, 22 Jun 2020 17:57:42 +0000 https://drbudgets.com/?p=1617 Gina’s Background I consider myself to be an “elder Millennial.” I’m not quite Gen X and not really a Millennial. I’m happy to be referred to in that way, but that means we grew up with credit cards being peddled on college campuses (“Get a credit card, get a T-shirt!”). People our age had parents who talked to us about money, but they didn’t know that we were being marketed to so heavily by credit […]

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Smart Business Holiday Spending Can Reduce Your Tax Bill https://drbudgets.com/smart-business-holiday-spending-can-reduce-your-tax-bill/?utm_source=rss&utm_medium=rss&utm_campaign=smart-business-holiday-spending-can-reduce-your-tax-bill Tue, 26 Nov 2019 16:39:03 +0000 https://drbudgets.com/?p=1508 Did your business do better than expected this year? If so, congratulations! While I don’t encourage frivolous spending to save on taxes (after all, your tax deduction is never more than the actual expense!), there are some ways for you to save money on taxes with smart business holiday spending at the end of the year. I will caveat that I am not a tax expert (always consult with your tax professional before undertaking any […]

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David and Mary’s Success Story https://drbudgets.com/david-and-marys-success-story/?utm_source=rss&utm_medium=rss&utm_campaign=david-and-marys-success-story Fri, 27 Sep 2019 17:20:00 +0000 https://drbudgets.com/?p=1486 David and Mary* are another couple we worked with where one person wanted to work with a money coach and the other was hesitant, at first. Fortunately, Mary came around to the idea of working with a money coach, and now the two of them have achieved a lot as a couple! Here’s their story: Life Before Dr. Budgets David and Mary met in their twenties. They have been married for over 30 years and […]

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Tips for Shopping with Kids https://drbudgets.com/tips-for-shopping-with-kids/?utm_source=rss&utm_medium=rss&utm_campaign=tips-for-shopping-with-kids Tue, 20 Aug 2019 10:09:11 +0000 https://drbudgets.com/?p=1462 I remember the wonderful days of shopping with my young daughter before she realized that buying things from the store was an option. Once she figured out we could buy things and take them home, I was often asked “Can we buy this?” while on errands. Between navigating those situations with my daughter, chatting with other moms on their strategies, and remembering some techniques my own parents used on me, I’ve got some tips for […]

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Why Hiring Your Child Is a Good Idea https://drbudgets.com/why-hiring-your-child-is-a-good-idea/?utm_source=rss&utm_medium=rss&utm_campaign=why-hiring-your-child-is-a-good-idea Fri, 16 Aug 2019 16:04:09 +0000 https://drbudgets.com/?p=1458 So, is hiring your child a good idea if you own a business? I think so! As a money coach, I’m always looking for creative ways to save money for my clients, and hiring your child is a great way to accomplish this objective. First things first though… ensure you hire them the right way. I was reading a post titled 10 Tips for Hiring Your Child that has some good information about how to […]

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Is Debt Good for a Business? https://drbudgets.com/is-debt-good-for-a-business/?utm_source=rss&utm_medium=rss&utm_campaign=is-debt-good-for-a-business Mon, 29 Jul 2019 16:42:10 +0000 https://drbudgets.com/?p=1436 Many small business owners probably ask themselves at one point or another, “Should I go into debt for my business?” As a new business owner, one of the first decisions you might make is whether to go into debt for the things you might “need” for your business. Depending on the type of business you want, start-up costs can be minimal or very high. And, deciding how much you spend to start could determine what […]

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