Money Lessons Learned: Using a Treadmill

Money Lessons Learned: Using a Treadmill

I have a treadmill that most often is our largest and most expensive clothes hanger. However, I do get into spurts of desire to get in shape again and use it. Here' s what it teaches me about money:

  • Owning a treadmill makes me feel like I am doing something about my health, but if I don't use it, it's no use. Only regular, consistent use of the treadmill will keep me in shape. Same goes for your budget.
  • If I turn on the treadmill and it automatically goes.. it does me NO GOOD unless I get on an use it. If I have a tool that automatically tracks my spending -- great! but... if I am not involved with my money, that tool will do me no good.
  • No matter how fast I run on the treadmill, I am not actually moving anywhere. With your budget - you can plan like crazy, but you need to actually follow the plan. You need to adjust the way you actually spend and save your money to make your plan work.

 

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Calendar Budget’s Habit Installer: the New Way to do Your Financial Budgeting

Calendar Budget’s Habit Installer: the New Way to do Your Financial Budgeting

One of the benefits of signing up with CalendarBudget is that it makes creating a spending plan and sticking to it a part of your daily routine. How does it accomplish this? With the revolutionary Habit Installer system, a series of 21 short videos and tutorials sent to your inbox every day for three weeks.

My wife Debra and I used to blame the economy, our age, or our lack of effort for our failure to create a workable spending plan. None of these factors was the main cause behind our lack of results. Instead, we had to shift how we approached our financial budgeting.

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Spendthrift or Penny Pincher: What’s Your Spending Personality?

Spendthrift or Penny Pincher: What’s Your Spending Personality?

Your response to money is mainly determined by your personality, like nearly everything else in life. But have you given much consideration to how you act in regard to your finances and what effect those actions have on your bottom line? Money personalities have been examined in various ways and a lot of people can relate to aspects of quite a few profiles. What’s your money personality? Read on to find out:

Spendthrift: openhanded, impulsive and fun-loving, you don’t even know what a spending plan is. You don’t let money fears hold you back from living your life. You consequently have more stuff – and more debt – than you really need.

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Four Universal Budget Blunders and How to Prevent Them from Happening to You

Four Universal Budget Blunders and How to Prevent Them from Happening to You

We often hear about cases like this....

My family follows a strict monthly budget. My husband and I have worked out a spending plan that works well for us and our three children through our years together. We have certainly made our share of money blunders along the way, because finding the exact budget structure for a family is often a sequence of trials and errors. I’d like to share some of these mistakes with you, so you don’t end up in the same boat:

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Having the Courage to Succeed

Having the Courage to Succeed

Knowing which path to take in achieving your Financial Freedom can seem quite scary at times. Imagine going on a road trip with your family. You set the destination, you map out where you want to go, you pack everything you need....and you're off! Half way into the trip you find that there is major construction going on and you see a sign that says "DETOUR AHEAD". You accidentally take the wrong turn and by the time you figure out where you are, you're over an hour away just to get back on route to your destination.

Achieving your Financial Freedom can seem a lot like this. At times things can come up in your life that you weren't expecting, and in the process of trying to do the best that you can, you wind up taking a wrong turn. It can be frustrating, scary, and even nauseous at times. However, having the Courage to Succeed you can be confident in knowing that you will reach your destination.

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Get All Your Personal Finance News in One Place

Get All Your Personal Finance News in One Place

Introducing the new Personal Finance blog aggregator - get all your personal finance news in one place:

http://blogs.calendarbudget.com/

If we're missing an important blog that you follow, let us know and we'll have it added.

Enjoy!

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Money Lessons Learned: Kids Allowance

Money Lessons Learned: Kids Allowance

Here's what an allowance can teach a child about money management:

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Money Lessons Learned: Nintendo Wii

Money Lessons Learned: Nintendo Wii

We bought a Nintendo Wii as an early family Christmas present. Its been TONS of fun so far. Here's my Wii-learned lessons about money.

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Finances on Sundays

Finances on Sundays

I was just reviewing my web traffic stats and noticed that almost like clockwork, each Sunday there is a very marked dip in visitors to CalendarBudget. I wonder if this is because there are lots of people holding to the virtue of not shopping on Sundays, or if people are just less interested in their personal finances on Sundays.

Opposite of that, the upward spikes seem to happen almost randomly on any non-Sunday-- probably the busiest shopping days.

Do you tend to take it easy on Sundays when it comes to your finances?

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Time is Money Monday: Economic Ties To Your Performance

Time is Money Monday: Economic Ties To Your Performance

No this is not about bonuses or pay raises

Its about an idea I read about recently to help overcome procrastination. We all know procrastination is evil. It robs us of the benefits of proper prioritization, wastes time and since time is money, procrastination wastes money

Here's the idea:

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Being Shy Limits Your Wealth

Being Shy Limits Your Wealth

As any wealthy entrepreneur or high and mighty executive at a large corporation can tell you, its all about networking.

If you are working at a job and want to climb the corporate ladder, you have to make connections to get noticed. Being great at what you do is only part of the game - you have to make your face seen and get noticed.

If you are an entrepreneur, you know better than most that no one can be an island and be successful. You MUST network and socialize and talk to people to get things done, to make sales and to prosper.

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Think and Grow Rich

Think and Grow Rich

I started reading the book, "Think and Grow Rich", as recommended by a friend (thanks Shawn!). The book was published in 1937, and contains principles that are timeless. In fact, you fans of the film "The Secret" will find the principles, many using the same words and language, contained in this old book by Napolean Hill.

I read part of the introduction. Then found it interesting enough that I read part of the story aloud to my wife. 3 hours later, we had read the first 2 chapters and begun following the advice in the chapters, making plans for our future.

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Financial Planning Process - Step 1: Determine Current Financial Situation

Financial Planning Process - Step 1: Determine Current Financial Situation

The first step in planning your finances is to figure our where you really are today.

One of the best ways to get started is to complete a Net Worth analysis for yourself. A Net Worth analysis is a snapshot of how much you are worth financially right now. To do this, you should list all of your assets and liabilities with their associated, realistic values.

Assets are anything that when turned into cash gives you some money. Common items are: your home, vehicle, bank accounts, retirement savings (401K/RRSP), investments.

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Can Financial Planning Cure Depression?

Can Financial Planning Cure Depression?

In some research done by Northwestern Mutual and LLuminari, results say that people tend to feel better about life in general when they are preaapred for their financial future.

It makes complete sense to me. How many of us worry about money issues on a daily basis? Its just sensible that those who don't have to worry about those things, because they have a plan in place and are excuting that plan, are happier people without that stress.

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Flushing the Toilet Called the Economy

Flushing the Toilet Called the Economy

An article in the October issue of Money magazine ("Why Down May Be the New Up", p17) suggests that when things are looking really bad, its time to start looking for a rebound.

Ask anyone about the economy today, its doubtful you'll get a positive response.

I had visions (not too detailed mind you...) of a toilet, being flushed. The toilet get filled with filth, and gets flushed; everything goes down and there's nothing left for about a minute, until the clean water rises back up to its normal level.

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Money Advice from the Internet

Money Advice from the Internet

I started writing a few articles on Personal Finance for eZineArticles.com:

While researching these articles, I found a plethora of information on Personal Finance - articles written by anyone who self-proclaims to be an expert. Some are of high quality, some are not. I found most to be rather vague, having perhaps one useful idea surrounded by lots of filler words.

Even so-called authority sites, well-known magazines, large providers of Personal Finance tools and services have really weak ideas and material on getting down to the actual business of budgeting and living within your means.

Anyone have some good sources of personal finance ideas/material that others can benefit from?

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So How Do You Ask for a Pay Raise?

So How Do You Ask for a Pay Raise?

Our family just recently watched "Bee Movie". We liked it and found it had a good moral to the story behind it (I won't give it away). The push behind the "Bee Movie" was the payment being stolen from the bees, thus putting their long hard labor to waste.

One of my first jobs was working for a fast food restaurant. I began there wondering if I was good enough for the job and would be able handle everything asked of me. I quickly realized that, although the tasks were many, the job really wasn't that difficult. I was working the closing shift finishing very late and then had to get up a few hours later to go to college. 

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What I learned about money from my parents

What I learned about money from my parents

My parents have had an affect on the way I manage money and those lessons will stick with me throughout life.

Here are a few things I've learned:

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Keeping Up With the Joneses

Keeping Up With the Joneses

Today's technology brings so many luxuries for us. We have become so accustomed to all the gadgets that we have come to feel we can't live without them. But having all of these luxuries adds up to a large ticket price.

Before you purchase these luxuries, consider how it will affect your budget or savings/debt level. Some of my wife's favorite simple luxuries are the quick pre-made meals that give her more time, but she avoids them most of the time (if not equal or cheaper in value to the home-made version) to save on our grocery purchases.

Follow these steps to spend your money wisely:

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Pre-approved for a big loan amount, I'm rich!

Pre-approved for a big loan amount, I'm rich!

When my wife and I were starting to consider buying our first house we decided that we should do our own evaluation first to see what we thought we could afford (based on our income and expenses at that time, with future plans in mind)...We had created CalendarBudget at that time for our own use and so we were able to figure this out more easily by looking forward in our budget calendar to see what our maximum monthly balances were showing as affordable. We decided on an amount and then went to the bank to let them know that we would be looking for a mortgage and know what they would pre-approve us for.

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