I can’t budget because I have irregular income
If you have avoided creating a budget/spending plan/cash flow plan, because, “I can’t budget because I have irregular income.” You my friend could not be more wrong. You are more in need of a budget/spending plan/cash flow plan than anyone else. You are probably saying, “Well, how can I budget if I don’t know how much […]
Is my home mortgage interest deduction a good idea?
Have you asked yourself this question, “Is my home mortgage interest deduction a good idea? You might not or you might have. The interest deduction on your tax returns is important. However, do not fall victim to the “I am not going to payoff my mortgage early because I’ll lose my tax deduction” fallacy. It […]
Recommended Expense Percentages
Below is a list of the recommended expense percentages for your monthly expenses. Try to stick to the lower end of the recommended range. This way, you will live below your means but still cover your needs. Compare the percentage to what you are actually spending. If you have a very high income or a […]
