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Tag Archives: Budgeting

Ask an Expert: What’s the Difference Between Disposable and Discretionary Income?

What is the difference between disposable and discretionary income? Dear Reader, This is a very good question. Although you only have one income, there are many ways of describing it based on the amounts withheld or deducted. For instance, your disposable income is the amount of money you have left over after you’ve paid all of your federal, state and local taxes. On the other hand, your discretionary income is …Read More

Ask an Expert: Where do I begin to create a workable budget?

Q. My bills are more than my income. I don’t make enough to create a workable budget. Where do I begin and what do I do to fix this? Dear reader, Budgets are tools that allow us to review and organize our finances to meet our financial responsibilities and achieve goals. Developing a “workable” budget depends on your current financial responsibilities and income as much as on your goals and …Read More

How to Mitigate Black Friday Spending

 By Steve Nitz It’s nearly that time of the year. The day after Thanksgiving, aka Black Friday. It’s a day a lot of people hate, but also an event numerous citizens of the United States fall in love with. Whether it’s heading to the store in the afternoon or going out at 6 a.m., shoppers love getting a good start on Christmas shopping and taking advantage of the best deals …Read More

3 Tips for Budgeting as a Couple

 By Lauren Lovett, Certified Credit Counselor and Grant Writer for Navicore Solutions  Finances play a vital role in relationships.  When it comes to managing a household together, it is important to work as a team. These three tips can help! I. Be honest and open about all sources of income, expenses, debts and assets. You have selected one another to be partners in life, and therefore, partners in managing finances. …Read More

How to Eat Healthy on a Budget

 By Steve Nitz Let’s say you have two issues you’re looking to take care of: issue No. 1 being that you want to start getting on that diet you’ve talked about for years, and No. 2 being that you’re also in a crunch to start saving money. When it comes to shopping at the grocery store, eating healthy can get expensive. Here are five ways you can eat healthy and …Read More

10 Ways to Fall into Savings this Autumn

 By Lauralynn Mangis, Online Marketing Specialist at Advantage Credit Counseling It’s back-to-school time and every family is looking for ways to cut costs and save a little extra money during the fall season. With the majority of everyone’s budgets being stretched thin due to the back-to-school necessities, it’s important to cut costs when and where you can. Here are some quick and easy ways to save money this Autumn: 1. …Read More

5 Tips for Improving Your Financial Literacy

By Jessica Kane Americans are struggling with financial literacy. The FINRA Investor Education Foundation, which completes national studies on financial capability, reports that current financial education is not enough to make us money smart. According to their reports, Millennials and young adults were the groups with the most to learn about financial matters. Lack of financial literacy can spell trouble, often resulting in bad money decisions, lack of savings, and …Read More

Start Your Holiday Planning Now

 By Mark Foster While the holidays might not be right around the corner, it’s still a good idea to start thinking about your holiday spending. To some, it might seem odd to start thinking about a holiday budget now, however planning sooner is better than later!    The holiday season rolls around at the same time every year, yet it still seems to catch many off-guard. Ultimately, waiting until the last minute to begin thinking about a budget can …Read More

5 Ways to Keep Bank Accounts Cool During Hot Summer Months

 By Tara Carter Temperatures are heating up this summer, but that doesn’t mean you’re spending has to increase with these hot temperatures. Here are 5 ways to help keep spending under control, and bank accounts cool this summer:   1) Set a Budget  Pay attention to spending habits so you don’t end up spending more than you earn. Over spending is a quick way to lead yourself into poor financial health and …Read More

Tips for saving money on your summer vacation

   By Steve Nitz With Memorial Day weekend – the unofficial start of summer out of the way, millions of people across the United States will be travelling to various hot spots for their annual summer vacations. It’s always a great experience to visit different towns, beaches and national parks, but vacations can get expensive, especially if you’re taking the entire family. With that in mind, here are five ways …Read More