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Budgeting tips
Dear daughter, Today I want to give you some budgeting tips. I’ve creating budgets for several years now, and I believe these tips will help you to have a healthy budget. 1. Start a not-too-tight budget One of the reasons people start having a budget is to save money. Because of this, people make their…
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Budgeting for couples
Dear daughter, Today I want to talk to you about a crucial topic, budgeting for couples. I consider it very important to share everything with your significant one. First, I’ll tell you how I do my budget with my wife and after that, I’ll tell you why it is important for me. As you know…
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Why is important to have a budget
Dear daughter, I wrote three letters to you about budgeting. Today, I want to show you why is important to have a budget. The main reason why you want to have a budget is to have control. Do you think it is important to have control over your finances? If your answer is yes, then…
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How to make a budget?
Dear daughter, Allow me to show you how to make a budget. This was a life-changer for me as I gain 100% control of my hard-earned money. I want the same for you, so you can be even more successful than you already are. You can read again what is a budget to keep a…
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Budget categories you should have
Dear daughter, A question most “budgeting beginners” ask is what budget categories I should have? The short answer is it depends on your expenses. However, here I’ll give some common categories almost everyone has. All you have to do is to take a look at them and add any other category you usually spend money…
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What is a budget?
Dear daughter, Today I want to tell you what a budget is. For me, it was, and it still is, a life changer. A budget is an estimate of you of the income and expenses you will have during a certain period. If you search on the internet, you will find different types of budgets,…
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Should I buy or rent a house?
Dear daughter, A question that almost everyone makes to themselves at a certain stage in their lives is should I buy or rent a house? I want to tell you my point of view related to this question. When you rent a house, you pay the monthly rent, and you are done. If there is…
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When is the best time to buy a house?
Dear daughter, I’ve seen this question over and over. I want to tell you my point of view considering that I made my share of impulse decision-making around this topic. There are two ways of buying a house. The first one and probably the most common is to get a loan from a bank, this…
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How to calculate principal and interest in a mortgage?
Dear daughter, I recently found out about a problem with my mortgage interest payments. Because of that, I want to show how to calculate interest and principal in a mortgage so that when the time comes, you are prepared to make an informed decision. I already explained to you what a mortgage is in one…
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Do I need a credit card?
Dear daughter, Having a credit card can be another way of having debt. And if you are not disciplined, it can be very bad for you. Do you need a credit card? Short answer: you don’t need a credit card! Can you have a credit card? Yes, you can have a credit card. Let me…
These letters are for you