Decision Making

What To Do With The Extra Margin In Your Budget

For Financial Literacy Month this April, we are doing a series that will help you bring certainty to your finances in an uncertain world. The foundation of a solid financial life is cash flow; the money that flows in and out of your hands. Luckily, that’s also one of the things that you have the most control over. If you can get on top of just this one thing, you can radically transform your life and your family’s life for generations to come.

Tags: 

How To Be Proactive About Your Cash Flow In Order To Create Margin

Welcome back to Financial Literacy month! The secret to a strong financial plan is cash flow, so I’ve dedicated this month to teach you not only how to determine and plan for your cash flow, but how to optimize it in order to create margin. Last week we talked about the importance of identifying your current cash flow and the step-by-step process for how to do it.

Tags: 

Surviving Financially In An Uncertain World: Focus On What You Can Control, Part 1

The world has always been filled with uncertainty. Already, 2019 feels like it will be a year that will epitomize this. Government shutdowns, stock market swings, and whispers of a recession are just some of the topics filling our newsfeeds.

Tags: 

Questions to Ask When Making a Purchase

What are the questions that you ask before making a purchase?  Based on my own experience and from talking with others, there are generally two questions that most people ask:

  1. Do I want it?
  2. Can I afford it?

For most of us, if the answer to both of these questions is “yes,” then we make the purchase.  But are these really the best questions to consider?  They certainly should be part of the decision making process, but are they the only questions to consider?

Tags: 

The Lie of Needing "the Best"

We live in a society that tries to convince us that we can find lasting fulfillment in having the best stuff.  Our smartphones need to be faster, thinner, and look cooler; our food more healthy and trendy; and our houses larger and newer.  Regardless of the item, our minds are trained that what we currently have isn’t good enough.  We need better – we need the best.  If we just had the best, we would be happy. 

Tags: 

3 Reasons to Pay for Services You Can Do Yourself

Today marks an exciting day for Wacek Financial Planning as I am officially launching my business, my website, and my blog!  Over the last several months I have taken several steps to get to this point and I have paid for a number of services along the way – most of which I could have done on my own to save money.   

To give some context, my wife and I are generally not excessive spenders.  We regularly shop at four different grocery stores in order to get the best deals at each, we don’t have cable, and the average year that our two cars were manufactured is 2002. 

Tags: 

Subscribe to RSS - Decision Making