Budgeting

Should You Focus on Saving Money or Earning Money to Reach Your Financial Goals?

Earn more money

Since I started blogging about personal finance a couple of months ago, I’ve noticed two starkly different trends that blogs take, and I’m still trying to wrap my head around which is the better idea. Basically, there are two schools of thought when it comes to achieving financial independence. The first school of thought says that saving money (i.e. spending less, becoming more frugal, etc.) is the way to go. The second doesn’t talk so much about saving money but instead focuses on earning more of it. In this post I thought I would analyze the pros and cons of saving […]

My Grocery Bill is Out of Control

grocery budget

Sometimes I feel completely out of control… when it comes to the monthly grocery budget that is. I’m almost embarrassed to share the monthly number, it’s that freaking ridiculous. Before we go there, I should say that our family includes my Wife and me, and three kids, ages 7, 5, and 3. But even though we have 5 humans in our house, it’s not like our kids are eating us out of house and home… yet. But our grocery budget is still WAY out of control. It’s at the point that I feel like Ms. BMG and myself need to […]

How to Budget With Irregular Income

How To Budget With Irregular Income

How to budget with irregular income has been a question I’ve been asking myself for YEARS. I’ve been self-employed almost exclusively since 2005 and dealing with variable or irregular income, and how to account for it from month to month, has been a constant thorn in my side. Part of me wants to just suck it up and go get a job at a firm with a regular paycheck. Having a set amount of income each month would be a whole lot easier than the queasy stomachs I get at the start of each month, not knowing how I will […]

My YNAB Review – Using YNAB To Get Our Budget Under Control

YNAB Review

Many of you have probably heard of YNAB. Also known as “You Need a Budget“, this is a software program that will help you to get your finances under control and keep them under control… so long as you follow their rules. After using the software for several years, I felt it appropriate to post this YNAB Review. My Wife and I have been “using” YNAB for the past several years to help manage our personal finances. By “using” I mean entering transactions and monitoring cash flow. We barely looked at the budgeting part of the software, which meant that developing […]

Budgeting for Irregular Expenses

budget for irregular expenses

There you are, living your life, budgeting your spending, getting your shit under control and then… bam. It hits you like a ton of bricks. And no, I’m not talking about actual bricks. I’m talking about a bill (let’s call it an irregular expense) that only comes around every 6 or 12 months that you completely forgot about. So now what? Your budget is clearly busted. How do you budget for irregular expenses? What Constitutes an Irregular Expense? Before we discuss how to budget for irregular expenses, let’s take a step back and define what an irregular expense is in […]