Are you clueless when it comes to Budgeting and Personal Finance?

I wish I had someone to teach me basics of budgeting and saving when I was just starting to work. I would have saved myself so much heartache. This is not a blog about getting out debt (thank goodness!) or about Pursuing Financial Independence or Early Retirement (FIRE). There Basic Guide to Budgeting and Personal Financeare plenty of great people talking about those.

 

This is a blog about the  basics of personal finance and my own journey towards financial security. I am a “millennial mom” who is doing her best to give my family financial security all while living on a low income. No high-earner here!

 

How do you start getting your financial life in order?

It's actually very easy. There are no secrets or get-rich tips. It comes down to proper budgeting and saving properly. Click To Tweet

If you read the following posts (I suggest in order but you can do whatever you want!) it will give you the basic foundation to start getting your financial life in order. Its simple and straightforward.

Budgeting with the Modern Envelope System– a basic budget with a modern twist.

Budgeting on an Uneven Paycheck– What if you don’t get a set paycheck every month? This posts helps you set up a budget to fit your uneven paycheck.

Setting up Your Savings Ladder- Where do you put your savings? How do you know what to save for? The Savings Ladder will tell you exactly where and how much to save.

Emergency Fund: A Primer- The emergency fund is part of your savings ladder. Why is it so important? Why do you need it?

Why I put $5 a Month into a Retirement Account- Creating good financial habits is the key to successfully getting your financial life under control.

3 Tips to Boost your Savings-Looking for tips to boost your savings? Here are 3. No shortcuts though! Just good, old-fashioned savings.

 

Happy Reading and Good Luck!

7 thoughts on “Basic Guide to Budgeting and Personal Finance

    1. Thanks! Its nothing revolutionary- just a tweak on the traditional envelope system. I find that simple concepts very often work the best!

  1. Nice round-up post. What I’ve always struggled with in posts like this is connecting to every day people. Sometime I feel like I’m just writing to other personal finance bloggers, but hopefully that will shift with continued growth. Keep up the good work!

    1. I really am trying to get readers that are not other personal finance peeps. I really hope that my work can resonate with some people that are feeling a bit overwhelmed when it comes to personal finance.

  2. I love the idea of just getting started with retirement savings by contributing $5 per month. I started with $10 per month and once I realized how easy it was, and that I didn’t miss the money, I was able to increase my savings rate dramatically.

    1. For sure! I tend to want to jump all in and then quit when I can’t do something perfectly or up to the prescribed “right” standards but doing a little is infinitely better than doing nothing!

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