Nearly half of low-income Americans reported that they or someone in their household experienced some type of income loss during the pandemic, according to information published by Pew Research…
Creating a budget is an essential part of managing your money. By understanding how much money you have available and how you are spending your money, you can make smart decisions about where to allocate your resources.
Here are five tips for creating a budget:
One way to get a handle on your spending and saving habits is to assess your income and expenses. Doing this exercise will help you see where your money goes each month and whether you are able to save any money.
It can also help identify areas where you may be able to cut back on spending. To get started, list your income and all of your expenses for the past month.
Be sure to include everything, no matter how small it may seem. Once you have that information compiled, it’s time to analyze it.
Start by taking a look at your income. Compare it to your expenses. Are you spending more than you’re making?
If so, that’s a problem that will need to be addressed. You’ll need to find ways to either bring in more money or reduce your spending.
In today’s society, it is so easy to spend money without even realizing it. Many people find themselves in debt without even knowing how they got there.
If you’re looking for a way to get your finances in order, tracking your spending is a great place to start.
By recording everything you spend money on for a month, you can get an idea of where your money is going and where you might be able to cut back.
You may be surprised at how much money you’re wasting on unnecessary purchases. Once you know where your money is going, you can start making changes that will…
In the first first of a four-part series, we’re looking at some of the innovative ways that scientists and researchers are harnessing the power of algae to combat many of humanity’s most urgent…
A thousand years ago when I was about to begin my military career, a wise old retired Marine colonel, a veteran of the carnage at Tarawa, gave me some advice. Paraphrased here, he said: I’ve been…
Traveling from one place to another has become a common phenomenon in this modern era. With the advancement in technology, air travel has become a preferred mode of transportation for many. The…