The 3 Most Common Reasons We Give Up on Our Finances

Money touches every aspect of our lives. Money is tied to our home, our children, our health, and our relationships. Sometimes, a lot of join can come with it. Often times, however, it can bring stress and tension. This is why many people turn a blind eye to their finances. If I can’t see it, it’s not a problem! Here is how to solve the 3 most common reasons people give up on their finances. Reason: I Know How to Write a Budget, I Just Struggle with Sticking to It One of the most common reasons people give up on their finances is due to the challenge of tracking their budget. Writing a budget is one thing; sticking to it is another. Sometimes the temptation to spend a little more than we pla

Why Financial Coaching is Worth the Investment

What do you do when you're sick and tired of living paycheck-to-paycheck? When your expenses seem to be bigger than your income? When the collectors won't stop calling? I remember when my wife and I hit the breaking point in our finances. We realized that no matter how many raises we got at work, we were still living month-to-month. If we were going to get ahead financially, we had to make a change. When you reach this point, who can you turn to for guidance? Why not seek out an empathetic person that is an expert in this area; a financial coach. A Coach is Like a Personal Trainer for Your Money Have you ever decided you needed to work out more? Whether it’s to lose weight, or just boost you

How and When to Use a Sinking Fund

Transitioning into a debt-free lifestyle can be tough. What’s the best way to plan for a purchase when we’re used to looking at them in terms of monthly payments? Try creating a sinking fund. What is a Sinking Fund? A sinking fund is a savings plan designed to help you pay cash for bigger ticket items. When you know you have a big purchase to make, saving a little bit at a time can take the strain off of your budget. Let’s say you have a big purchase you plan on making six months from now. Simply take the total and divide it by 6. This is the amount you should set aside each month into a sinking fund. After the six months is over, you’ll have the cash on hand to make the purchase! When Shoul

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Profit First Coach

info@craigdacy.com |   (512)573-4387

Austin, TX

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