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Category: Budgeting

What Money-Management System Do You Use?

My wife and I are considering moving to a different system for managing our family finances (i.e., budgeting) in 2019. Perhaps you're thinking along the same lines — a new year, a new approach. Years ago, we started out
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Your 10 Most Important Financial Moves for 2019

Each December, we offer planning suggestions for the year ahead. But this isn’t meant to be a one-size-fits-all list. It’s up to you to take our broad collection of ideas and narrow them down to your personal “Top 10” for
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Your Retirement Planning Checklist

Before takeoff, airline pilots go through a checklist to make sure the flaps are in the right position, there’s enough fuel, and everything else is as it should be for a safe flight. While your retirement may not be a
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Building Generosity Into Your Monthly Budget

Imagine you are out to eat with your family and you strike up a conversation with the server. You learn she is a single mom with three kids and works two jobs to make ends meet. After her children go to bed, she spends
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Bucket Challenge: Managing Cash Flow in Retirement

The rapid stock market decline in early February serves as a stark reminder that downside moves can develop quickly. Long-term investors can ride out such volatility, of course — but what if you’re a retiree relying on
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6 Steps to Creating a Long-Term Investing Plan

In light of James 4:13-14, some Christians feel uneasy about engaging in long-term financial planning: “Come now, you who say, ‘Today or tomorrow we will go to such and such a city, and spend a year there and engage in
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Financial Regrets: Most of Us Have a Few

Many U.S. adults wish they had done things differently with their finances. That’s the key take-away from a new national survey from the personal finance site, NerdWallet. Specifically, 71% said they have financial
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6 Steps to Budgeting Success

At Sound Mind Investing, we have written before about the importance of agreeing on a cash flow plan (a.k.a., a budget!) and following it faithfully. For several years during the late 1980s, my wife Susie and I applied a
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An Overlooked Key to a Successful Retirement

Successful retirement planning requires many steps — estimating how much you’ll need, planning for healthcare costs, managing your portfolio, estate planning, and more. But there’s an essential step that tends to get
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Getting in Shape in 2017 With a ‘Fiscal Health Day’

Several years ago, when New York Times personal-finance writer Ron Lieber was furloughed for a few days, he responded in true personal-finance expert fashion. By devoting one of his unpaid days off to taking care of a list
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