Budgeting

Pink Piggybank And Calculator
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Gross Pay vs Net Pay: How to Budget Your Income The Right Way

You’ve just received your paycheck. Woot! You’re chanting to yourself: “Show me the money!” When suddenly… You see the smaller of two numbers and realize: THAT is what you’re actually taking home. So which is it: your gross pay or net pay? Understanding the difference between the two will either set you up for budgeting success…or failure. 

us flag government stimulus checks
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Stimulus Checks: What Should You Do With It?

It’s impossible to put into words what we’re all going through right now. The coronavirus is impacting each and every one of us—our loved ones, our relationships, our mental health, our jobs, and lastly our finances. I know it seems like just a small drop in an ocean of uncertainty, but one thing we can all look forward to is some relief from the federal government in the form of stimulus checks. 

jar of coins savings rainy day fund vs emergency fund
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Rainy Day Fund vs Emergency Fund – Why You Need BOTH!

Rainy day fund, emergency fund—they’re all the same, right? In a word…no. Although we often use these terms interchangeably, rainy day funds and emergency funds are two completely different things. Don’t worry. I didn’t know the difference before either! On our paths to financial freedom, it’s important to understand what both of these funds are, what they’re used for, and how to start saving for them.