Good Financial Reads: Rock Your Budget

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Catch up on some of the latest posts with this week's roundup:

Financial Planning on a Tight Budget

by Kelly Luethje, Willow Planning Group, LLC

Just because you are on a “tight budget” doesn’t mean that you cannot have a financial plan to reach your goals. Begin with looking at your own spending each day, week or month. Having a tight budget might be because you have high fixed expenses. Or, it might indicate overspending. When was the last time you actually looked at your spending? Sometimes, when our cash flow feels squeezed, we don’t want to take a deeper look at our spending. But, just because it feels tight, doesn’t mean that it has to be.

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How to Grocery Shop on a Budget

by Chad Rixse, Millennial Wealth, LLC

Are you feeling a little intimidated every time you go to the grocery store? How often do you walk in and spend way more than you anticipated? Do you keep asking yourself why does grocery shopping have to be such a chore? Well, the truth is, it doesn’t have to be. The separation is in the preparation when learning how to grocery shop on a budget. The single biggest piece of advice we have to offer is to start with meal prepping, or at the very least, meal planning. By doing this, you can easily eliminate those spur-of-the-moment, middle-of-the-day snack runs, overpriced trips to Starbucks, or expensive lunches out. Over time, little changes start to become a habit and, ultimately, healthy habits are the foundation of long-term financial success and stability.

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Is This More Important Than...?

by Lorri DeFoor, Sustain Financial Inc.

I often work with clients who come to me frustrated, lamenting their lack of ability to stick to a budget or savings plan. Perhaps they’ve been trying for years to build up emergency savings or retirement funds, only to find themselves continuing to live paycheck to paycheck or building up debt to cover their expenses.

They share years of best-laid-plans, and they’ve even tried incorporating tools like budgeting software or spreadsheets. Perhaps they are not in real financial trouble yet, but they might be one unexpected expense away from it.

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For more advice on how to rock your budget, be sure to check out Good Financial Reads: Easy Budgeting.