5 Tips for Staying on Budget


Whether you have a big family or you’re going it single, implementing a budget can help you plan for the future. Unfortunately, staying on task can be a financial challenge for most people, especially in today’s economy. The following five tips can provide guidance on how to stay within the budget that you’ve set for yourself. Open Up a Savings Account If you have big expenses coming up such as a new car, you’re going to want to save up for a down payment. For individuals looking for tools on how much to save, useful monthly car payment calculators can…

Do Parents Have A Responsibility To Financially Assist Their Kids?


In the world of personal finance, there are a few common refrains that have been repeated so often that they're practically considered religion. How many times have you been told to make a budget, pay yourself first, search for ways to save money, or to buy a used car? How about avoiding expensive mutual funds, making sure you buy a reasonable house, or having an emergency fund? I'm guessing everyone reading this has heard those things before. There's a reason why they're suggestions that dominate our space -- they work. Another common mantra is how foolish it is for parents…

4 Popular Online Jobs for Stay-at-Home Parents


Since having two children, life around the SPF household has gotten busier than ever.  This seems to be the case with most families. While many dual income families can remain so after the birth of the first child, the birth of the second child often necessitates change.  Day care costs are doubled, and one of the spouse’s paycheck may not stretch far enough to make it worth the expense of working outside the home. If one parent decides to stay home with the kids, she or he can still make money.  When caring for young children, days are busy, but…

Are Your Finances Affecting Your Health?


We often try to compartmentalize different aspects of our life, allowing us break things down more effectively. As a result, when we think about health, we don't think about money. In fact, we are likely to focus more on food and exercise when we try to figure out what's at the root of some of our health issues. Even though we think of finances and health as two different aspects of our lives, the reality is that they are connected, and your finances can have a big impact on your health. Financial Stress: Physical and Mental/Emotional Health The biggest way…

Tips on Buying your First Home with a Small Budget


This is it. You’ve decided to make the biggest purchase of your entire life and you’re all fired up about it. Congrats! You can already picture what it’s going to look like – gourmet kitchen, massive dining room, suite-like master’s bedroom, the work! Images of your dream house are slowly populating your mind like it was going out of style. Hold on to those thoughts and keep them in a safe place for now, because I’ll burst your bubble a little bit. If you’re a first time buyer, chances are your first home purchase won’t be anywhere near your dream…

Is There a Thrifty Gene?


Have you ever wondered why some people seem to be able to easily spend money on a whim, yet others are more frugal in their spending habits? Even siblings, close in age, raised during the same time period, in the same environment, by the same parents, attending the same schools are often different in their levels of thriftiness. For example, my brother is only 18 months older than I. We were both raised in the 1950's by parents who were in their early adulthood during the Great Depression. Our parents were thrifty. Mom never considered brand name purchases when there…