Impact of Home Purchase on Future Expenses
This blog will be useful for first time home buyers and long-time renters.I recommend those in he age bracket of 25-30 years that are staying with your parents/ guardians to…
How Does Spending Correlate to Child Age?
This blog is useful for parents/ to-be parents that plan to have their children stay with them. Pre-read: Expense Trending & Budgeting - Myfinancejournal You have now created a detailed…
Cash Flow: How to have money for savings and investments?
This blog is useful for most of the readers as it helps them improve their cash available for savings and investments by making small changes to your habits and improving…
Posted inCash Flow Expenses Personal Finance Basics Savings
Expense Categorization, Trending & Budgeting
This blog will increase your awareness about income, spending and will help you set a budget and eventually a plan to manage your finances better, This is a fundamental step…
Posted inCash Flow Expenses Personal Finance Basics Savings
Can sound financial habits adversely impact your credit score?
This blog will be relevant to you once you have reached a good maturity for managing your finances but are still unsure why your credit score is not increasing. Pre…
Posted inCash Flow Expenses Investments Savings
Maintain Minimum Balance in your Savings & Checking Accounts
The prime reason for us to have a balance in Current and Savings accounts to help with liquidity and easy access to money when we need it. Usually Savings and…
Posted inAlternate Investments Cash Flow Expenses Savings
How to Reduce overall Mortgage Cost
Balance Transfer Cards If you shop around, you will usually come across companies providing you balance transfer cards that will have a $0 transfer fees and 0% interest for 18…
Optimizing Cash Flow
At this stage it is appropriate to understand the impact that cash flow will have on your investment returns. Simply defined, cash flow is the difference between Income and Expenses…
Posted inCash Flow Expenses Personal Finance Basics
Debt & Mortgages
Most Americans live on credit. The average debt per US family is $6,270 in 2020 (the total debt for all Americans combined is a staggering $14.3 Trillion of which the…