Budgeting is an essential skill to achieve your academic and financial goals. Academically, you want to earn your degree. Financially, you want to put on as little debt as possible. The skill to learn is to control your money and not let your money control you. A budget is a tool to plan what you …
Budgeting for anything fosters planning and accountability with money. The importance of budgeting is to control the flow of money in a household, project, or business. Having a budget prevents overspending, as well as unplanned liabilities and debt. Learning with a budget A financial budget helps you to learn your spending habits. Simply listing the …
Creating and keeping a budget plan is not without effort and you better have a good reason for doing so. The main goal of using a personal budget is to balance your income with your expenses so that you can manage your savings and debt responsibly. The golden rule of personal budgeting is to keep …
Planning out your financial future requires an annual income calculation. If you apply for a mortgage or a loan, you’ll be asked for an annual income. However, if you are paid by the hour, this requires a simple calculation that I’ll show you how to do. Before we start, let’s be clear that working a …
How to calculate your annual income from hourly wage Read More »
If you are the type of person that likes to do things on paper, I have a free printable personal budget template for you to download. You can print it for each budget period if it is a week, bi-weekly, or a month. I even made a landscape version and a portrait version for you …
Printable personal budget template – free download Read More »
In this article, I want to present you here with a comprehensive list of personal budget categories. I will discuss what each category should include and what it shouldn’t, as well as highlight the why. However, this is not a template you should blindly follow. Instead, you should select the categories that fit your financial …
The 11+ essential personal budget categories to consider Read More »
Last week a reader asked me what I think about the 50/30/20 budget rule? I asked back, why she was interested and she told me that her godmother uses the 50/30/20 rule, but she was afraid to follow her example because it seems quite complicated. Definition and history of the 50/30/20 budget rule The 50/30/20 …
Have you heard of a budgeting method, called “zero-based budgeting”? It is a popular method to keep your household finances in order and to stay in control of your finances. In this article, I’ll explain to you what zero-based budgeting is and help you to decide if it is right for you. Any budget lists …
A personal budget is a decent amount of work. A minimal budget aims to reduce the effort to produce a budget planning document. What is a minimal budget? The minimal budget is the budget with the least effort. It is for people who have simple finances and who do not struggle with making ends meet …
Personal Budget – The most minimal budget (with template) Read More »
You have come here to learn more about a personal budget. There are questions on your mind, such as “Should I create and keep a budget for my finances?”, “Why do I always feel overwhelmed, when it comes to paying the bills?”, “Why can’t I make the money last until the end of the month?” …
Personal Budget – The ultimate guide through your finances Read More »
Creating a budget is an important step on the road to financial independence. A budget is a plan of your income and your expenses. You create a budget typically for a 1 year period. You don’t need to start in January, you can start right now. I’ll help you in this article to collect all …
In the current “financial independence retire early (FIRE)” movement, many people discuss only the ability to retire early. It seems to be the only benefit to leave your 9-5 job behind. However, when you are at the beginning of your journey to financial independence this goal seems so far away. It is discouraging to even …
What does financial independence mean to you personally? Read More »
In “Four steps to financial independence” I have demonstrated why investing is a crucial part of building wealth. However, investing involves risks that can jeopardize the return on investment and even the principal of the money invested. The higher the risk, the is higher is the expected return. Smart strategies can maximize the long-term growth …
The smart investment portfolio for long-term growth Read More »
In the Victorian age, wealth was inherited and living expenses were adjusted to the returns that the wealth produced. Accumulating wealth was largely political through carrying favors with the king who had the power to grant titles and land that produced the return. Further of importance was building relations through marriage and diplomatic efforts. In …
Personally, I want to live a life of financial independence, with the ability to make changes without fear of the financial consequences. Two out of three American’s live paycheck to paycheck. It would be “Somewhat difficult” or “Very difficult” to meet current financial obligations if their next paycheck were delayed for a week, according to …
4 Powerful Steps on the Road to Financial Independence Read More »
Building wealth requires investments into the business, mostly other people’s businesses. Contrary to many investment experts’ advice you don’t need to become an expert in asset allocation, portfolio balancing, or stock picking to build wealth. The true meaning of investment Investing money means you take your savings and buy something that appreciates and or is …
You must be living under a rock if you have not been affected by SARS-CoV-2 and the severe disease that has cost millions of people their lives. The disease COVID-19, caused by the virus, has gripped the world and changed the lives of billions of people. The novel Coronavirus SARS-CoV-2 has infected 100s of millions …
What the COVID-19 pandemic can teach you about investing Read More »
The three pillars of wealth are: Budgeting, Saving and Investing.
Washington does not collect state income tax. Given you file as a single taxpayer you will only pay federal taxes. Thus, $625,000 annually will net you $420,368 . This means you pay $204,632.38 in taxes on an annual salary of 625,000 dollars. Your average tax rate will be 32.74% and your marginal rate will be …
625,000 Dollars Salary After Taxes in Washington (WA) – single [2023]? Read More »
Nevada does not collect state income tax. Given you file as a single taxpayer you will only pay federal taxes. Thus, $625,000 annually will net you $420,368 . This means you pay $204,632.38 in taxes on an annual salary of 625,000 dollars. Your average tax rate will be 32.74% and your marginal rate will be …
625K Dollars Salary After Taxes in Nevada (single) [2023]? Read More »
Here is some good news. South Dakota does not collect state income tax. Given you file as a single taxpayer you will only pay federal taxes. Thus, $625,000 annually will net you $420,368 . This means you pay $204,632.38 in taxes on an annual salary of 625,000 dollars. Your average tax rate will be 32.74% …
625,000 Dollars a Year After Taxes in South Dakota (single) [2023]? Read More »
Alaska does not collect state income tax. Given you file as a single taxpayer you will only pay federal taxes. Thus, $625,000 annually will net you $420,368 . This means you pay $204,632.38 in taxes on an annual salary of 625,000 dollars. Your average tax rate will be 32.74% and your marginal rate will be …
625K Dollars Annually After Taxes in Alaska (single) [2023]? Read More »
Florida is one of seven US states that have no state tax on personal income. As a resident in The Sunshine state, your employer will only withhold federal taxes (including Social Security and Medicare). Provided you file taxes with the status “single”, $625,000 annually will net you $420,368 a year. This means you pay $204,632.38 …
625,000 Dollars Salary After Taxes in Florida (single) [2023]? Read More »
A salary of 621,920 dollars a year computes to an hourly wage of $299.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 621,920. How many hours are there in …
A salary of 619,840 dollars a year computes to an hourly wage of $298.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 619,840. How many hours are there in …
A salary of 617,760 dollars a year computes to an hourly wage of $297.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 617,760. How many hours are there in …
A salary of 615,680 dollars a year computes to an hourly wage of $296.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 615,680. How many hours are there in …
A salary of 613,600 dollars a year computes to an hourly wage of $295.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 613,600. How many hours are there in …
A salary of 611,520 dollars a year computes to an hourly wage of $294.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 611,520. How many hours are there in …
A salary of 609,440 dollars a year computes to an hourly wage of $293.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 609,440. How many hours are there in …
A salary of 607,360 dollars a year computes to an hourly wage of $292.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 607,360. How many hours are there in …
A salary of 605,280 dollars a year computes to an hourly wage of $291.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 605,280. How many hours are there in …
A salary of 603,200 dollars a year computes to an hourly wage of $290.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 603,200. How many hours are there in …
A salary of 601,120 dollars a year computes to an hourly wage of $289.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 601,120. How many hours are there in …
A salary of 599,040 dollars a year computes to an hourly wage of $288.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 599,040. How many hours are there in …
A salary of 596,960 dollars a year computes to an hourly wage of $287.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 596,960. How many hours are there in …
A salary of 594,880 dollars a year computes to an hourly wage of $286.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 594,880. How many hours are there in …
A salary of 592,800 dollars a year computes to an hourly wage of $285.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 592,800. How many hours are there in …
A salary of 590,720 dollars a year computes to an hourly wage of $284.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 590,720. How many hours are there in …
A salary of 588,640 dollars a year computes to an hourly wage of $283.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 588,640. How many hours are there in …
A salary of 586,560 dollars a year computes to an hourly wage of $282.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 586,560. How many hours are there in …
A salary of 584,480 dollars a year computes to an hourly wage of $281.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 584,480. How many hours are there in …
A salary of 582,400 dollars a year computes to an hourly wage of $280.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 582,400. How many hours are there in …
A salary of 580,320 dollars a year computes to an hourly wage of $279.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 580,320. How many hours are there in …
A salary of 578,240 dollars a year computes to an hourly wage of $278.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 578,240. How many hours are there in …
A salary of 576,160 dollars a year computes to an hourly wage of $277.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 576,160. How many hours are there in …
A salary of 574,080 dollars a year computes to an hourly wage of $276.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 574,080. How many hours are there in …
A salary of 569,920 dollars a year computes to an hourly wage of $274.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 569,920. How many hours are there in …
A salary of 567,840 dollars a year computes to an hourly wage of $273.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 567,840. How many hours are there in …
A salary of 565,760 dollars a year computes to an hourly wage of $272.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 565,760. How many hours are there in …
A salary of 563,680 dollars a year computes to an hourly wage of $271.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 563,680. How many hours are there in …
A salary of 561,600 dollars a year computes to an hourly wage of $270.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 561,600. How many hours are there in …
A salary of 559,520 dollars a year computes to an hourly wage of $269.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 559,520. How many hours are there in …
A salary of 557,440 dollars a year computes to an hourly wage of $268.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 557,440. How many hours are there in …
A salary of 555,360 dollars a year computes to an hourly wage of $267.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 555,360. How many hours are there in …
A salary of 553,280 dollars a year computes to an hourly wage of $266.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 553,280. How many hours are there in …
A salary of 551,200 dollars a year computes to an hourly wage of $265.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 551,200. How many hours are there in …
A salary of 549,120 dollars a year computes to an hourly wage of $264.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 549,120. How many hours are there in …
A salary of 547,040 dollars a year computes to an hourly wage of $263.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 547,040. How many hours are there in …
A salary of 544,960 dollars a year computes to an hourly wage of $262.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 544,960. How many hours are there in …
A salary of 542,880 dollars a year computes to an hourly wage of $261.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 542,880. How many hours are there in …
A salary of 540,800 dollars a year computes to an hourly wage of $260.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 540,800. How many hours are there in …
A salary of 538,720 dollars a year computes to an hourly wage of $259.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 538,720. How many hours are there in …
A salary of 536,640 dollars a year computes to an hourly wage of $258.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 536,640. How many hours are there in …
A salary of 534,560 dollars a year computes to an hourly wage of $257.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 534,560. How many hours are there in …
A salary of 532,480 dollars a year computes to an hourly wage of $256.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 532,480. How many hours are there in …
A salary of 530,400 dollars a year computes to an hourly wage of $255.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 530,400. How many hours are there in …
A salary of 528,320 dollars a year computes to an hourly wage of $254.00 assuming you work a full-time job with 40 hours per week. This means that an hourly worker with 24 dollars per hour earns about the same as an employee with an annual salary of 528,320. How many hours are there in …
