You’ve been a hard earner all your life but when you check up on your savings, your heart skips a beat.

Where did all the money go?

Sound like something you say often? You are probably one of the large numbers of Americans that have poor budgeting habits.

According to Gallup, only 30% of US households have a long-term financial plan. 

It doesn’t matter how much money you are earning; the real indicator of freedom is the purchasing power you have based on your savings at any point in time. For steady savings, you need a killer budgeting routine to keep you on track. A detailed budget will steer you clear from large debts, boost your credit rating, and help you cover for emergencies when they come!

Don’t worry if you don’t have a clear budget yet. So many like you have missed out on the right financial advice all these years.

Here are 6 no-brainer ways to help you build your way straight from a money mess into pro financial management mode.

1. Refresh...

Who do you think is responsible for teaching your kids about money?

The parents.   

It is funny that as parents we teach our kids a lot of skills, but we fail to show them something as essential as managing money.

 Today I am going to share with you three things that you can do to help your kids understand the concepts of Money. 

 Children start deciding about money as early as three years old.   If you don’t think so, ask yourself, who chose the cereal or the juice at the grocery store.

• Give them a budget allowance.

Typically, I suggest to give them a week allowance base on their age. 

If your child is 7, then $7,  6, $6, 5, $5 and so forth. 

• Make sure to take out 10% for taxes, 10% for giving at least 10% for savings or investments.

This will give them a sense of reality and teach them good habits for then on. 

• One way to show them the concept of money is to let them spend the money on what they want, but once...

This is your life's dream, to become an entrepreneur.  You want to leave your 9-5 and achieve your dreams. You know that the journey, the endless hours and sacrifices will be worth your time because, in the end, you will achieve financial freedom.

But with entrepreneurship comes some risks. Most businesses don't reach the 5-year mark. Why? Because of mistakes that have caused them to fail.

Today I am going to show you the 16 biggest mistakes new entrepreneurs and business owners make and how to avoid them.

Not Doing Research
Before going into business, you have to do your research. Is your product needed in your current market? Do I know who is your ideal audience or client? Who is your competition? Trust me, you do have one.

Make sure to do your research prior to spending a cent on anything else. What is the point to start a business where no one needs your product? Create momentum for your product with your potential clients even prior to spending anything.

Not Having a...

If you are wondering why do you need to create a budget, I am going to tell you right now.  

No matter if you like it or hate it, having a budget can help you improve your finances immediately. 

The ultimate goal of a budget is to get you to the point that you will be able to spend intentionally on the things that are most important to you. This is the first step to financial freedom, even though it sounds like it is not. 

Budgets should be temporary because they will tighten your spendings for a bit, so you can get your life back on track if you have derailed from it or have lost touch with your financial reality. 

Why?  

• First, because you will eliminate the guilt on how your money is spent. 
• Second, because if you create a budget and decide where your money is going to go, you will feel in control and empowered.  
• Third, because you know that you will have money every time to either put aside or to be able to achieve your bigger...

The Holidays are around the corner, and the temptation of commercialism and marketing, decorations and more are going to be influencing us. 

All the stores get decorated and the holiday spirit is in the air.  But that also means that everyone is in the spending mood, and therefore we need to make sure that we don't overspend.  

What we want to do is follow specific steps to avoid overspending.  The first thing that we need to understand is that the Holidays is not about spending and buying gifts. The most prominent meaning is to spend quality time with people that you love, friends and family. 

However, we understand that it is difficult to avoid seeing the newest items and latest technology coming out and influencing us to spend more.  And don't forget that is a commerce tactic to be able to keep the economy above.  

So what can we do to protect us from the influence and avoid overspending?  How to prevent the hungover in January...