student holding a sheet of paper and looking at laptop

Solutions for Financial Problems Students Can't Afford to Miss

Introduction Are you a student feeling the pinch of financial pressure? Don’t worry, you’re not alone. In this article, we’ll delve into the various financial issues students face and offer practical solutions to help you navigate through these monetary challenges. Understanding the Financial Struggles of Students The Rising Cost of Education Over the past few decades, tuition fees, textbooks, and living expenses have seen a significant increase, making higher education more expensive than ever....

March 19, 2023 · 8 min
a wooden miniture house, 3 stacks of coins and a clock positioned in a row

How Does Murphy's Law Apply to Saving Money?

The Mystery Unveiled: What is Murphy’s Law? Ever found yourself wondering about the cosmic joke that is Murphy’s Law? At first glance, it could be mistaken for some profound legal terminology. But in actuality, it’s a delightful cocktail of philosophy, humor, and the classic human ability to laugh at oneself. At its very core, this law murmurs: anything that can go wrong, will go wrong. A statement that, more often than not, paints a mischievously accurate picture of our daily lives....

March 2, 2023 · 20 min
diamond ring in a green box

How to Buy an Engagement Ring on a Budget

Hey there! As a failing personal finance blog writer and an aspiring husband, I know that buying an engagement ring can be an exciting, yet expensive, purchase. In this post, we’ll be discussing how to buy an engagement ring on a budget. It’s important to consider budget when shopping for a ring because engagements and weddings can be a significant financial burden. The cost of the ring is just one aspect of the overall expense, which also includes wedding planning, venue, and more....

February 25, 2023 · 10 min
man looking at wall full of papers

Financial Planning Process

TLDR New budget every month, every dollar has a destination Stay out of consumer debt Reasonable mortgage or rent (< 25% of your take home pay) Pay off any consumer debt Put 15% in your income into retirement account (invest in index mutual fund) Have a 6 month emergency fund Pay off credit card balance when you receive the statement Stay away from cash value/whole life/univeral life insurance Only buy used cars...

February 17, 2023 · 20 min
brown flywheel standing in font of a white brickwall

How Can You Apply Flywheel Thinking to Your Company's Budget?

Introduction Budgeting is a critical process for any company, as it helps determine the allocation of resources, track expenses, and ultimately achieve financial goals. The process of budgeting can often be overwhelming and complex, with many competing priorities and constraints to consider. However, by applying a strategic and focused approach to budgeting, companies can achieve better results and create a sustainable path towards success. One such approach is flywheel thinking, a popular and powerful business strategy that emphasizes the use of small, deliberate and consistent actions to drive sustainable change....

January 31, 2023 · 7 min
multiple green trucks parked next to eachtoher facing front at an angle

2023 Guide: Investing in the Trucking Industry Without Driving

Investing in the trucking industry can be a lucrative decision, especially given its pivotal role in the economy. Every single day, trucks play a central role in transporting essential goods both nationally and internationally. This underpins the stability and growth potential of this sector. But, here’s a thought: what if you wish to invest in trucking without driving? Well, you’re in the right spot! This article is tailor-made for those who:...

January 29, 2023 · 11 min
a batch of black coal bein picked up by a shovel

Coal Was Wealth

Today I stumbled upon an interesting acronym COAL WAS WEALTH, which is a list of on-scene considerations for first arriving officers and command staff during a fire incident. The acronym stands for Construction, Occupancy, Area, Life hazard, Water, Auxiliary systems, Street conditions, Weather, Exposures, Apparatus and personnel, Location, Time and Hazards. Each segment of the acronym is important to understand and consider in order to accomplish tasks and tactics associated with a prolonged fireground progression....

January 28, 2023 · 3 min
infographic showing a man in a suit pulling on a credit score indicator

Credit Scores and What They Mean

When it comes to managing finances, one important aspect to consider is credit scores and what they mean for a client’s financial well-being. A credit score is a numerical representation of an individual’s creditworthiness, and it is used by financial institutions and lenders to determine the likelihood that an individual will repay a loan or credit card debt. There are several key factors that go into determining a credit score, including payment history, credit utilization, length of credit history, and types of credit used....

January 27, 2023 · 2 min
budget sheet displayed on a laptop which is placed on a table with a coffee cup on the left

Zero Based Budgeting Example

Zero-based budgeting is a method of budgeting in which all expenses must be justified for each new period. This approach contrasts with traditional budgeting, in which a budget is based on the previous period’s actual results, with adjustments for expected changes. The process of zero-based budgeting starts with a “blank slate” and all expenses must be justified for each new period. This means that every expense, whether it is a fixed cost or a variable cost, must be evaluated and justified....

January 22, 2023 · 3 min
Man in a blue shirt sitting in front of a table on which are 3 stacks of gold colored coins

How Does a Budget Differ When You Have an Irregular Income vs a Predictable Income?

Welcome to the wild waltz of wallet management, where the beat is set by your bank balance and the tempo can be as unpredictable as a summer storm. If you’ve ever tried to shimmy through life on an irregular income, you know it’s like dancing to a tune that changes tempo without warning. On the flip side, a predictable income is like grooving to a steady beat—sure, it might get monotonous, but at least you know the next steps....

January 18, 2023 · 10 min