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Take Control of Your Finances Part 5: Build a Better Budget

by Flexo

This is the next installment in a series at Consumerism Commentary about taking control of your finances. Please consider subscribing to the Consumerism Commentary RSS feed for updates. It’s no secret that budgeting is a chore. Although this piece of personal finance carries an ugly reputation, even a simple form of budgeting will help you ... Continue reading this article…

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Take Control of Your Finances Part 4: Use High-Yield Savings Accounts

by Flexo

This is the next installment in a series at Consumerism Commentary about taking control of your finances. Please consider subscribing to the Consumerism Commentary RSS feed for updates. If you’re on your way to spending less than you earn, then you’re going to need a good place to put your excess income. Even before setting ... Continue reading this article…

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Take Control of Your Finances Part 3: Spend Less Than You Earn

by Flexo

This should come as no surprise to Consumerism Commentary readers or anyone who has spent time reading anything relating to basic money management advice. Once you’ve decided to improve your financial condition and spent some time tracking your spending, you may have come to the conclusion that your situation declines each month because you’re allowing ... Continue reading this article…

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Take Control of Your Finances Part 2: Track Your Money

by Flexo

After deciding that it’s time to get a handle on your finances, find a way to accurately track the way you handle everything involving money. Before deciding to take action, you may have estimated your income and expenses, but now the details matter. Here is how to get to the details. Every cent is important ... Continue reading this article…

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Take Control of Your Finances Part 1-D: Decide to Take Action

by Flexo

After viewing yesterday’s income and expense report for an imaginary person, Dan observed astutely: … The one area that I don’t see is for a persons IRA, 401K, or ESPP. When is that money taken out or where/how is it assigned? It isn’t like you can say that you had a net income so you ... Continue reading this article…

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Take Control of Your Finances Part 1-C: Make Accurate Predictions

by Flexo

Now that you’ve taken an inventory of your finances and determined your net worth, I can tell you that the number is meaningless. Well, there is a point to your net worth, but it’s not the most important number to your finances. Your net worth tells a very small part of the story that defines ... Continue reading this article…

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Excel Template for Income and Expense Report

by Flexo

Related: Excel Template for Net Worth Report (Balance Sheet). And when you’re done, learn to make accurate predictions. In order to create my Income Statements (here is the latest for example), I use two main tools. All of my transactions are entered into Quicken. I used to use Microsoft Money but I switched a few ... Continue reading this article…

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