Money. For many of us, it seems like there’s never enough. Perhaps because some of us squander it. Perhaps it’s a case of living beyond one’s means. Maybe it is a reckless disregard for money’s value. Sometimes a hit to your wallet is simply Murphy’s Law: you get your tax refund and then find out your car needs brakes. Even if saving money is ingrained in your DNA, having to tap into your account is particularly jarring when the expense is unanticipated. You may have the best budgeting strategy around, but who can expect the unexpected? You can. Think Like a Business There’s no need to take the joy out… Read More
How NOT to Spend It All
Unless you are planning on adding an extension on to your home, the square footage is the square footage. The interior offers a fixed amount of space for which there is only so much room for people, possessions, and furniture. So it goes with your finances. The quantity is finite. If you do not extend beyond the boundaries of your holdings, you will have a path to financial freedom – or at least the comfort of living within your means. Business Insider offers a caveat against “spending everything you earn”. While you can go off the rails at any age, it is the fresh college graduate who typically endures years… Read More
The 10 Basic Money Questions You Should Ask Yourself
When you are just starting out, keeping track of your money requires some work and planning, but it will pay off (literally and figuratively!) in the long run. Do you know as much about your finances as you think you do? How about a quiz based on these foundational questions offered up by Rock Star Finance: How much money do you have? When you are young and still living with your parents, it isn’t as big of a deal as when you’re living on your own or with a spouse. You need to be aware of how much money you have in order to know how much you can realistically… Read More
How To Track Your Spending
Socrates certainly got right to the point when he opined that “The unexamined life is not worth living”. Philosophically makes a lot of sense actually, especially when it comes to finances. Do you pay attention to what you spend? Really pay attention? Here at rapid! PayCard® we are advocates of knowing your limits and not spending beyond your means. You can more easily rein yourself in when you are working from an infrastructure that operates on the premise that understands: the funds you have are the funds you have. Consider for a moment there exists a comfortable cushion of cash in your prepaid account. Perhaps you are not scrambling to… Read More