Personal Financial Planning

How To: Evaluate Your Spending!

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My husband, Pierre, and I are expecting our first child in mid-February. In addition to nesting, I decided to dig with a fine-tooth comb into all our past purchases and expected future purchases. I wanted to start off 2018 right – so now we have our budget! A budget is only successful when you really think about your spending and where you can make changes. As such, I’ve decided to use the Rochard’s budget and thoughts about our spending as a tool to help you think about yours. The above sums up how I’m thinking about our discretionary spending. Then, […]

Personal Financial Planning

How to: Cover and Move (Financially!)

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Cover and move is critical to a well-maneuvered military operation. Cover and move means teamwork. One member of the team lays down cover fire. This cover fire puts the enemy on the defensive, allowing the other person to move. Next, the roles are reversed: the person who moved lays down cover fire while the other teammate moves towards the objective. Fortunately, this lesson applies beyond the battlefield. Every financial decision is a conflict. Take an aggressive stance and apply this law of combat to your everyday finances! Below is a graphic on how to cover and move at every stage […]

Personal Financial Planning

Know Where Your Money Goes

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Creating a budget is fundamental to have and maintain a stable financial foundation. Knowing where your money goes helps you see your sources of income less expenses. This awareness is critical to understanding the next steps you can feasibly take to build and grow wealth. Below are high level budgets that illustrate a person’s working timeline relative to his expenses: