How to Feel Better About Your Finances
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Anyone who is a regular reader of Frugal Rules knows that I care about how you manage your money. There are a number of ways you can do that, including avoiding debt and investing for your future. At its heart, managing your money means knowing what is going on with your money each month. I believe that if you want to feel better about your finances that means, on one level at least, you need to have some sort of goals or plans for your money.
You can accomplish this through various methods, but at the end of the day, you need to do what best fits your personal situation. I personally prefer to budget, but know that not everyone likes to budget. It’s more than fine if you do not like to budget, but you do need to have some sort of plan for how you’re going to manage your money so you can know where it’s going each month. The beauty of this is that your plan doesn’t have to be very difficult, but can actually be fairly simple to implement. Friends and family members know that I care about finances which usually means I get to have plenty of conversations about it. I’ve had the pleasure to have an ongoing conversation with one particular individual lately who has not been feeling good at the end of each month because he doesn’t know where his money is going.
If you’d like to know what I have been sharing with him, check out my latest article for Daily Finance.
Photo courtesy of: JMR_Photography
John is the founder of Frugal Rules, a dad, husband and veteran of the financial services industry whose writing has been featured in Forbes, CNBC, Yahoo Finance and more.
Passionate about helping people learn from his mistakes, John shares financial tools and tips to help you enjoy the freedom that comes from living frugally. One of his favorite tools is Personal Capital , which he used to plan for retirement and keep track of his finances in less than 15 minutes each month.
Another one of John's passions is helping people save $80 per month by axing their expensive cable subscriptions and replacing them with more affordable ones, like Hulu with Live TV.