{"id":604,"date":"2021-10-12T11:34:00","date_gmt":"2021-10-12T16:34:00","guid":{"rendered":"https:\/\/sunrisefrontier.com\/home\/?p=604"},"modified":"2022-07-18T12:45:41","modified_gmt":"2022-07-18T17:45:41","slug":"budgeting-101-what-you-must-know","status":"publish","type":"post","link":"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know\/","title":{"rendered":"Budgeting 101: What You Must Know"},"content":{"rendered":"<div class=\"seriesmeta\">Part 2 of 5 in the series <a href=\"https:\/\/sunrisefrontier.com\/home\/series\/financial-planning-2021\/\" class=\"series-51\" title=\"Financial Planning\">Financial Planning<\/a><\/div>\n<ul><li>Why You Need a Budget <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#why-you-need-a-budget\">\u279e<\/a><\/li><li>Your Budget Must Have a Goal <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#your-budget-must-have-a-goal\">\u279e<\/a><\/li><li>Eliminate Debt FIRST! <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#eliminate-debt-first\">\u279e<\/a><\/li><li>Save Up an Emergency Fund <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#save-up-an-emergency-fund\">\u279e<\/a><\/li><li>Zero-Sum Budgeting <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#zero-sum-budgeting\">\u279e<\/a><\/li><li>Budgeting with the &#8216;Envelope System&#8217; <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#budgeting-with-the-envelope-system\">\u279e<\/a><\/li><li>Aim for 2 &#8216;No Spend&#8217; Days a Week <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#aim-for-2-no-spend-days-a-week\">\u279e<\/a><\/li><li>Tracking Your Spending <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#tracking-your-spending\">\u279e<\/a><\/li><li>Trimming Your Expenses <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#trimming-your-expenses\">\u279e<\/a><\/li><li>The 50-30-20 Rule <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#the-50-30-20-rule\">\u279e<\/a><\/li><li>Change Your Money Script <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#change-your-money-script\">\u279e<\/a><\/li><li>In Conclusion <a href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know#in-conclusion\">\u279e<\/a><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right has-cyan-bluish-gray-color has-text-color has-small-font-size\"><em>(Photo by <a href=\"https:\/\/unsplash.com\/@northfolk?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">NORTHFOLK\/Unsplash<\/a>)<\/em><\/p>\n\n\n\n<!--more-->\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p>No discussion on financial planning would be complete without mentioning budgeting. It\u2019s one of the fundamental principles of good personal finance and will save you from a ton of financial stress. Even multi-million dollar companies and government organizations have budgets they need to follow. As an individual, it\u2019s just as important for you to have a budget.<\/p>\n\n\n\n<h2 id=\"why-you-need-a-budget\">Why You Need a Budget<\/h2>\n\n\n\n<p>For starters, it will keep your finances organized. For example, if your monthly take-home pay (after taxes) is $3000, but you spend $3200 a month and put the extra on your credit card, you\u2019ll now be in debt.<\/p>\n\n\n\n<p>While you could get away with this practice for a while by paying the minimums on your outstanding balance, over time, your debts will catch up with you.<\/p>\n\n\n\n<p>This is how millions of people end up in debt without realizing it\u2026 and by the time the bills become overwhelming, it\u2019s a Herculean task to eliminate the debt.<\/p>\n\n\n\n<p>Having a budget will help you to save for emergencies, plan for retirement, squirrel money away to be invested, and so on. There are a multitude of benefits that can be accrued with good budgeting.<\/p>\n\n\n\n<p>It will also teach you how to spend responsibly, and your budget will set boundaries for you. Contrary to popular belief, a budget doesn\u2019t restrict you. Instead it gives you freedom from financial stress and worry.<\/p>\n\n\n\n<p>You may not be able to spend as you please, but that\u2019s not necessarily a bad thing. Delayed gratification in this area will reap rewards many times over in your future.<\/p>\n\n\n\n<h2 id=\"your-budget-must-have-a-goal\">Your Budget Must Have a Goal<\/h2>\n\n\n\n<p>When creating a budget for yourself, ask yourself what your financial goals are. If you\u2019re in debt, you may wish to eliminate it. At times like these, your focus will be on trimming expenses considerably and paying off your debts first.<\/p>\n\n\n\n<p>However, if you have no debt, then you\u2019ll need to decide how you wish to save and\/or invest your money. If you already have an emergency fund set aside, you may wish to invest the money in stocks or bonds.<\/p>\n\n\n\n<p>Alternatively, you may wish to buy a rental property and earn rental income which tends to be better than what you\u2019d get from investing in other financial instruments.<\/p>\n\n\n\n<p>If you\u2019re planning for retirement, your budget may include contributions to your 401(k), IRAs, etc.<\/p>\n\n\n\n<p>Your goals will determine how you allocate the funds in your budget.<\/p>\n\n\n\n<h2 id=\"eliminate-debt-first\">Eliminate Debt FIRST!<\/h2>\n\n\n\n<p>If you\u2019re in debt and have personal loans and outstanding amounts on your credit cards, your first step will be to eliminate these debts. While you should save about $50-$100 a month (while paying off your debts), the moment you\u2019ve saved up $1,000, you have enough to cover any small emergencies.<\/p>\n\n\n\n<p>From here on, pause your savings and focus on clearing your debts first. Ideally, you should adopt the debt avalanche method and pay off the debt with the highest interest rate first, while paying the minimums on the rest.<\/p>\n\n\n\n<p>Once that debt is cleared, start paying the minimum on the next highest interest rate debt + the amount you were paying for the first debt.<\/p>\n\n\n\n<p>When this is done, move on to the next debt and so on. You\u2019ll discover that you gain momentum with each debt you clear, and it\u2019ll take you a shorter and shorter time to eliminate each subsequent debt.<\/p>\n\n\n\n<h2 id=\"save-up-an-emergency-fund\">Save Up an Emergency Fund<\/h2>\n\n\n\n<p>Even when you\u2019re in debt, you should strive to save a small amount monthly. Many people make the mistake of paying off their bills with every last dollar and keep nothing for themselves.<\/p>\n\n\n\n<p>As a result, they feel broke and stressed out. Even if you saved $50 a month, after 4 months you\u2019d have $200 in the bank and feel better knowing that you have some money there for you. This feeling of \u2018abundance\u2019 is priceless and you\u2019ll be less financially stressed out.<\/p>\n\n\n\n<p>Your goal should be to save up about 3-6 months of your income. Some personal finance books will ask you to save up 3-6 months of expenses, but it\u2019s safer to aim for income just so you have more money.<\/p>\n\n\n\n<p>Ideally, you should aim for 12 months. This will truly create a buffer for you, just in case you lose your job or face some unforeseen emergency that requires money.<\/p>\n\n\n\n<p>So, create a budget that allows you to save some money monthly.<\/p>\n\n\n\n<h2 id=\"zero-sum-budgeting\">Zero-Sum Budgeting<\/h2>\n\n\n\n<p>Zero-sum budgeting is a method where you give every dollar a \u2018home\u2019. That basically means that every dollar is accounted for. Nothing is left to chance.<\/p>\n\n\n\n<p>Your money is allocated to specific categories like debt management, expenses, savings, investment, and so on. When you practice zero-sum budgeting, you\u2019re forced to know exactly where your money is going.<\/p>\n\n\n\n<p>Too often, people just charge bills on their cards or withdraw money as and when they please without really knowing where the money is going to go. As a result, their expenses and savings are not following any real plan.<\/p>\n\n\n\n<p>When you adopt zero-sum budgeting, if you\u2019ve allocated $200 to entertainment and you spend $200 on the weekend clubbing, you\u2019ll know that you\u2019ve used up your entertainment budget for the month.<\/p>\n\n\n\n<p>You\u2019ll not carry on spending without control. Zero-sum budgeting is very effective for debt management and getting your finances in order.<\/p>\n\n\n\n<h2 id=\"budgeting-with-the-envelope-system\">Budgeting with the \u2018Envelope System\u2019<\/h2>\n\n\n\n<p>If you find it difficult to stick to your budget, the \u2018envelope system\u2019 has your name written all over it. The method itself is simple, but will be difficult to follow if you\u2019re used to spending excessively.<\/p>\n\n\n\n<p>What you\u2019ll do is get 14-30 envelopes, depending on whether you\u2019re paid monthly or bi-weekly. Once you\u2019ve created a budget and decided how much money will go towards your daily expenses, you\u2019ll divide that sum by 14 or 30.<\/p>\n\n\n\n<p>You\u2019ll then place your daily allowance in each envelope. Remember to write down a number on each envelope from 1-14 or 1-30.<\/p>\n\n\n\n<p>Each day, you\u2019ll take out the money from the corresponding date\u2019s envelope and that\u2019s all the money you\u2019ll be allowed to spend. In this way, there will be a very low chance of you overspending.<\/p>\n\n\n\n<p>Ideally, you should not be carrying your debit\/credit cards with you so that you\u2019re not tempted to buy anything on credit. The envelope system will ensure that you never overspend.<\/p>\n\n\n\n<p>But you can still do better. Which brings us to the next point\u2026<\/p>\n\n\n\n<h2 id=\"aim-for-2-no-spend-days-a-week\">Aim for 2 \u2018No Spend\u2019 Days a Week<\/h2>\n\n\n\n<p>This is a tough challenge, but it can be done. It\u2019s especially useful if you\u2019re deep in debt and trying to come out of it.<\/p>\n\n\n\n<p>A \u2018no spend\u2019 day is a day where you don\u2019t spend any money. If you\u2019re going to work, that may mean packing your lunch at home and bringing it with you.<\/p>\n\n\n\n<p>Or if it\u2019s the weekend, you stay at home and not spend a cent. Very often, you\u2019ll find that if you do your grocery shopping once a week, you\u2019ll have enough supplies to last you through the \u2018no spend\u2019 days.<\/p>\n\n\n\n<p>If you can successfully pull off 2 \u2018no spend\u2019 days a week, you\u2019ll have about 4 untouched envelopes a month (if you\u2019re using the envelope method). You can either save this money or use it to pay off debt.<\/p>\n\n\n\n<h2 id=\"tracking-your-spending\">Tracking Your Spending<\/h2>\n\n\n\n<p>Besides using the envelope method and\/or no spend days, there\u2019s another excellent way to monitor your expenses \u2013 you must track your spending.<\/p>\n\n\n\n<p>With everyone owning a mobile phone these days, it\u2019s very easy to do this. Make a note in your phone every time you spend money on something. If you do this for 30 days, you\u2019ll start to see patterns in your spending.<\/p>\n\n\n\n<p>You\u2019ll see where you\u2019re spending money unnecessarily. For example, you may be spending $8 on 2 coffees ($4 each) every day. Over a month, that amounts to about $240. You may not even realize it because you\u2019re paying just $4 each time.<\/p>\n\n\n\n<p>But when you track your spending, it\u2019ll all become clear. Eliminating this one expense alone might allow you to pay off some of your outstanding debt much faster.<\/p>\n\n\n\n<p>This is why it\u2019s imperative to track your spending.<\/p>\n\n\n\n<h2 id=\"trimming-your-expenses\">Trimming Your Expenses<\/h2>\n\n\n\n<p>Making your own coffee will be much cheaper. Frugality is vital when you\u2019re trimming your expenses.<\/p>\n\n\n\n<p>Just because you\u2019re following the budget and saving and paying off debt doesn\u2019t necessarily mean you\u2019re doing the best you can.<\/p>\n\n\n\n<p>Eliminating unnecessary expenses will help to \u2018free up\u2019 more money. For example, if you\u2019re paying for cable channels but mostly watch Netflix, you\u2019re wasting your money. Cancel your cable and stick to Netflix.<\/p>\n\n\n\n<p>Another example would be your cell phone plan. If it\u2019s expensive, switch to a cheaper plan instead of paying for perks you don\u2019t need or use.<\/p>\n\n\n\n<p>Constantly find ways to trim wasteful spending. You don\u2019t need to be a miser, but you should only be paying for what you use.<\/p>\n\n\n\n<h2 id=\"the-50-30-20-rule\">The 50-30-20 Rule<\/h2>\n\n\n\n<p>The \u201950-30-20\u2019 rule is often mentioned in financial planning articles, books, etc. The idea is that you\u2019ll allocate 50% of your income to your essentials.<\/p>\n\n\n\n<p>20% of it will go towards savings. The remaining 30% will be used for everything else.<\/p>\n\n\n\n<p>This method sounds good on paper, but it\u2019s not entirely reliable because it doesn\u2019t take into account your current financial situation.<\/p>\n\n\n\n<p>If you\u2019re up to your eyeballs in debt and barely have enough left to save, you might not be able to save 20% of your income.<\/p>\n\n\n\n<p>Following this plan in your budget will be very difficult. So what you should do is take a hard look at your current financial situation.<\/p>\n\n\n\n<p>Write down how much will need to go for your bills, debts, and so on. If you\u2019re using the debt avalanche method, decide how much above the minimum you\u2019ll be paying.<\/p>\n\n\n\n<p>Then add up all your expenses until you have a number. Now you know exactly how much you\u2019ll be spending.<\/p>\n\n\n\n<p>After that look at your disposable income \u2013 the money you take home after taxes. From there, create a budget based on your expenses and see how much you can save. Even if all you can save is $25, that will have to do for now.<\/p>\n\n\n\n<p>As you clear your debts, you\u2019ll have more money to save in future. Think long term. Trying to do too much too soon will only stress you out.<\/p>\n\n\n\n<p>The point to note here is that your budget must be tailor-made to fit your current financial situation. Some arbitrary distribution ratio like \u201950-30-20\u2019 may not be practical for you.<\/p>\n\n\n\n<p>Do what\u2019s right for you.<\/p>\n\n\n\n<h2 id=\"change-your-money-script\">Change Your Money Script<\/h2>\n\n\n\n<p>Research conducted showed that people generally fall into 4 categories when it comes to money:<\/p>\n\n\n\n<ul><li><strong>Money Avoidance<\/strong><\/li><\/ul>\n\n\n\n<p>The most common category is money avoidance and people often have this \u2018money script\u2019 installed in them since young. Parents may say, \u201cMoney doesn\u2019t grow on trees\u201d or \u201cMoney is the root of all evil\u201d.<\/p>\n\n\n\n<p>As a result, the children grow up avoiding money because they feel that they don\u2019t deserve it, or it\u2019s too difficult to get, or it\u2019s not right to have.<\/p>\n\n\n\n<p>People in this category will usually spend off any money they have. It may look like their spending is uncontrollable, but they\u2019re just following their internal script. They often find that they live from paycheck to paycheck.<\/p>\n\n\n\n<ul><li><strong>Money Vigilance<\/strong><\/li><\/ul>\n\n\n\n<p>People with money vigilance are the polar opposite. They watch their money very closely and fear losing it. They\u2019re also tight-lipped about their finances and may live very frugally to hold on to every cent they have.<\/p>\n\n\n\n<p>While they may have savings and be debt-free, they might still experience financial anxiety, stress, and worry that they may not have enough money \u2013 or lose it all.<\/p>\n\n\n\n<ul><li><strong>Money Status<\/strong><\/li><\/ul>\n\n\n\n<p>Money status refers to people who feel that being wealthy makes them \u2018better people\u2019. They associate money with status. They long for big mansions, fast cars, ostentatious goods, and the usual trappings of success.<\/p>\n\n\n\n<p>Looking wealthy is very important to them\u2026 and it can lead to overspending and massive debt.<\/p>\n\n\n\n<ul><li><strong>Money Worship<\/strong><\/li><\/ul>\n\n\n\n<p>People who worship money believe that winning the lottery will end all their problems. These are the people who gamble often and expect windfalls to elevate their lives.<\/p>\n\n\n\n<p>Money is the be-all and end-all of success and a good life to people with the money worship script. They may incur lots of debt and struggle to manage their finances.<\/p>\n\n\n\n<p>Whatever category or money script you believe you have, always know that you can change it. You can find balance in life and learn how to break through your money patterns and establish good beliefs about money that serve you well instead of sabotaging you.<\/p>\n\n\n\n<p>Be aware of your money script when creating your budget and watch your actions closely when you handle your money. Any time you catch yourself about to slip up, refocus your thoughts and correct yourself.<\/p>\n\n\n\n<h2 id=\"in-conclusion\">In Conclusion\u2026<\/h2>\n\n\n\n<p>Budgeting is all about managing your money in a way that allows you to live comfortably while staying debt-free.<\/p>\n\n\n\n<p>It\u2019s about increasing your net worth without being overly tight-fisted.<\/p>\n\n\n\n<p>It\u2019s all about finding balance between your spending, saving, and investing. A budget is a roadmap that will keep you on the right track so that you avoid the pitfalls of debt and financial stress.<\/p>\n\n\n\n<p>Create a sensible and detailed budget for yourself and follow the pointers given here.<\/p>\n\n\n\n<p>Last but not least, if despite your best efforts at budgeting and following through with the plan, and you\u2019re still short of money \u2013 that means you must increase your income.<\/p>\n\n\n\n<p>Improve your skills so that you can get a better job, or take on a second job if possible. The more money you make, the more options you\u2019ll have.<\/p>\n\n\n\n<p>It\u2019ll also be easier to budget when you have more room to maneuver in.<\/p>\n\n\n\n<p>And that\u2019s budgeting in a nutshell.<\/p>\n\n\n\n<div class=\"wp-container-1 wp-block-group\"><div class=\"wp-block-group__inner-container\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"has-text-align-center has-text-color\" style=\"color:#6a5acd\">Amazon Recommendations<\/h4>\n\n\n\n<div id=\"amzn-assoc-ad-54c2a3c9-c0ce-4924-931a-606f07498fba\"><\/div><script async=\"\" src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US&amp;adInstanceId=54c2a3c9-c0ce-4924-931a-606f07498fba\"><\/script>\n\n\n\n<br>\n<div class=\"aligncenter\">\n     <script type=\"text\/javascript\">\n       \tamzn_assoc_ad_type = \"banner\";\n\tamzn_assoc_marketplace = \"amazon\";\n\tamzn_assoc_region = \"US\";\n\tamzn_assoc_placement = \"assoc_banner_placement_default\";\n\tamzn_assoc_campaigns = \"outlet\";\n\tamzn_assoc_banner_type = \"category\";\n\tamzn_assoc_p = \"13\";\n\tamzn_assoc_isresponsive = \"false\";\n\tamzn_assoc_banner_id = \"1KA700EB7TH3DJSRA6R2\";\n\tamzn_assoc_width = \"468\";\n\tamzn_assoc_height = \"60\";\n\tamzn_assoc_tracking_id = \"srfrontier-20\";\n\tamzn_assoc_linkid = \"5a3e368c654e37fd473b690d2ceaf032\";\n     <\/script>\n     <script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/q?ServiceVersion=20070822&amp;Operation=GetScript&amp;ID=OneJS&amp;WS=1\"><\/script>\n    <\/div>\n<br>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"seriesmeta\">Part 2 of 5 in the series <a href=\"https:\/\/sunrisefrontier.com\/home\/series\/financial-planning-2021\/\" class=\"series-51\" title=\"Financial Planning\">Financial Planning<\/a><\/div><p>Why You Need a Budget \u279e Your Budget Must Have a Goal \u279e Eliminate Debt FIRST! \u279e Save Up an Emergency Fund \u279e Zero-Sum Budgeting \u279e Budgeting with the &#8216;Envelope System&#8217; \u279e Aim for 2 &#8216;No Spend&#8217; Days a Week \u279e Tracking Your Spending \u279e Trimming Your Expenses \u279e The 50-30-20 Rule \u279e Change Your&#8230; <a class=\"more-link\" href=\"https:\/\/sunrisefrontier.com\/home\/budgeting-101-what-you-must-know\/#more-604\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":741,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","spay_email":""},"categories":[5,12,4,13],"tags":[],"series":[51],"author_meta":{"display_name":"Sunrise Frontier","author_link":"https:\/\/sunrisefrontier.com\/home\/author\/sunrise-frontier\/"},"featured_img":"https:\/\/i0.wp.com\/sunrisefrontier.com\/home\/wp-content\/uploads\/2021\/10\/Budgeting101-WhatYouShouldKnow.jpg?fit=300%2C192&ssl=1","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/sunrisefrontier.com\/home\/category\/business-development\/\" class=\"advgb-post-tax-term\">Business Development<\/a>","<a href=\"https:\/\/sunrisefrontier.com\/home\/category\/home-and-community\/\" class=\"advgb-post-tax-term\">Home &amp; Community<\/a>","<a href=\"https:\/\/sunrisefrontier.com\/home\/category\/personal-development\/\" class=\"advgb-post-tax-term\">Personal Development<\/a>","<a href=\"https:\/\/sunrisefrontier.com\/home\/category\/special-features\/\" class=\"advgb-post-tax-term\">Special Features<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Business Development<\/span>","<span class=\"advgb-post-tax-term\">Home &amp; Community<\/span>","<span class=\"advgb-post-tax-term\">Personal Development<\/span>","<span class=\"advgb-post-tax-term\">Special Features<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 4 years ago","modified":"Updated 4 years ago"},"absolute_dates":{"created":"Posted on October 12, 2021","modified":"Updated on July 18, 2022"},"absolute_dates_time":{"created":"Posted on October 12, 2021 11:34 am","modified":"Updated on July 18, 2022 12:45 pm"},"featured_img_caption":"","series_order":"2","jetpack_featured_media_url":"https:\/\/i0.wp.com\/sunrisefrontier.com\/home\/wp-content\/uploads\/2021\/10\/Budgeting101-WhatYouShouldKnow.jpg?fit=1400%2C896&ssl=1","jetpack-related-posts":[{"id":591,"url":"https:\/\/sunrisefrontier.com\/home\/5-steps-to-eliminate-your-debt\/","url_meta":{"origin":604,"position":0},"title":"5 Steps to Eliminate Your Debt","date":"September 28, 2021","format":false,"excerpt":"Why Debt is so Insidious \u279e Assessing the Situation \u279eSeriously Budgeting \u279eThe 'Debt Avalanche' Method \u279eTrimming Your Expenses \u279eAccelerating the Process \u279e (Photo by Dylan Gillis\/Unsplash) \u201cInterest on debts grow without rain.\u201d- Yiddish Proverb Debt almost seems like it is part and parcel of life. After all, just about everyone\u2026","rel":"","context":"In &quot;Business Development&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sunrisefrontier.com\/home\/wp-content\/uploads\/2021\/09\/5StepsToEliminateYourDebt.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598,"url":"https:\/\/sunrisefrontier.com\/home\/10-personal-finance-pointers-for-young-adults\/","url_meta":{"origin":604,"position":1},"title":"10 Personal Finance Pointers For Young Adults","date":"October 26, 2021","format":false,"excerpt":"Become Financially Literate \u279eEliminate Debts \u279eCreate a Budget \u279eFind a Healthy Balance \u279eEarn More \u279eUnderstand the Magic of Compounding Interest \u279eMake Intelligent Financial Decisions \u279eMax Out Your Retirement Accounts \u279eInvest, Invest, Invest \u279eMarry Wisely \u279eIn Conclusion \u279e (Photo by Tezos\/Unsplash) \u201cYou must gain control over your money or the lack\u2026","rel":"","context":"In &quot;Home &amp; Community&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sunrisefrontier.com\/home\/wp-content\/uploads\/2021\/10\/10PersonalFinancePointersForYoungAdults.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595,"url":"https:\/\/sunrisefrontier.com\/home\/15-crucial-financial-planning-tips-for-couples\/","url_meta":{"origin":604,"position":2},"title":"15 Crucial Financial Planning Tips For Couples","date":"November 9, 2021","format":false,"excerpt":"Discuss Money Before Marriage \u279eSee Where You Stand Financially \u279eCreate a Budget \u279eSet Boundaries \u279eHave Separate Bank Accounts \u279eEliminate Debt \u279eAvoid Debt \u279eSave Up an Emergency Fund \u279eOne Person Pays the Bills! \u279eDecide on the Contribution Ratio \u279eSet Financial Goals \u279eSingle Income or Double Income? \u279eTrim the Expenses \u279eDiscuss Retirement\u2026","rel":"","context":"In &quot;Home &amp; Community&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sunrisefrontier.com\/home\/wp-content\/uploads\/2021\/11\/15CrucialFinancialPlanningTipsForCouples.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":683,"url":"https:\/\/sunrisefrontier.com\/home\/10-ways-to-relieve-stress-on-a-budget\/","url_meta":{"origin":604,"position":3},"title":"10 Ways to Relieve Stress on a Budget","date":"December 26, 2021","format":false,"excerpt":"Relieving Stress through Yoga \u279eMeditation for Stress Relief \u279eLimiting Technology Usage \u279eGetting a Good Night's Sleep \u279eReducing Stress by Going Outside \u279eDecluttering and Organizing Your Space \u279eWriting to Relieve Stress \u279eSpending Time with Others \u279eCreating a Home Spa \u279eCalming Yourself with Deep Breathing \u279e (Photo by Keenan Constance\/Unsplash) Stress relief\u2026","rel":"","context":"In &quot;Health &amp; Fitness&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sunrisefrontier.com\/home\/wp-content\/uploads\/2021\/12\/10WaysToRelieveStressOnABudget.jpg?fit=1200%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":856,"url":"https:\/\/sunrisefrontier.com\/home\/7-self-discipline-techniques-for-success\/","url_meta":{"origin":604,"position":4},"title":"7 Self-Discipline Techniques For Success","date":"July 28, 2021","format":false,"excerpt":"Shift Your Mindset \u279eEmbrace the Pain \u279eThe 5-Minute Technique \u279eSleep Well \u279eFocus on Your Identity \u279eKnow Your 'Why' \u279eCreate a Productive Daily Routine \u279e (Photo by Thao Le Hoang\/Unsplash) \u201cDiscipline is the bridge between goals and accomplishment.\u201dJim Rohn Remember those times when you were in school and your teachers kept\u2026","rel":"","context":"In &quot;Business Development&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sunrisefrontier.com\/home\/wp-content\/uploads\/2021\/07\/7SelfDisciplineTechniquesForSuccess.jpg?fit=1200%2C799&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600,"url":"https:\/\/sunrisefrontier.com\/home\/10-retirement-planning-tips-you-must-know\/","url_meta":{"origin":604,"position":5},"title":"10 Retirement Planning Tips You Must Know","date":"November 23, 2021","format":false,"excerpt":"What Does Retirement Mean to You? \u279eCalculate How Much Money You'll Need \u279eEliminate All Debts \u279eMax Out Your Retirement Accounts \u279eInvest Wisely \u279eUnderstand How Social Security Works \u279eLearn How to Reduce Your Taxes \u279eEnsure You Have Good Health Insurance \u279eCreate a Side Income \u279eEstate Planning \u279eIn Conclusion \u279e (Photo by\u2026","rel":"","context":"In &quot;Home &amp; Community&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sunrisefrontier.com\/home\/wp-content\/uploads\/2021\/11\/10RetirementPlanningTipsYouMustKnow.jpg?fit=1200%2C812&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/posts\/604"}],"collection":[{"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/comments?post=604"}],"version-history":[{"count":9,"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/posts\/604\/revisions"}],"predecessor-version":[{"id":1263,"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/posts\/604\/revisions\/1263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/media\/741"}],"wp:attachment":[{"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/media?parent=604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/categories?post=604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/tags?post=604"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/sunrisefrontier.com\/home\/wp-json\/wp\/v2\/series?post=604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}