When it comes to discussing compensation, there is a lot of confusion between salary and wage. Many people use the terms interchangeably, but they actually have different meanings. In this blog post, we will explain the difference between salary and wage, and help you understand which one may be best for you. What is a…
If you’re looking to get your finances in order, a cash-only budget may be the way to go. This system can be simple and effective if done correctly. In this blog post, we will discuss some tips and tricks for budgeting with cash. We’ll also cover the cash envelope system, which is a popular way…
When tax time rolls around, many people are unsure of the difference between a tax refund and a tax return. Both of these terms are commonly used, but they mean different things. A tax refund is money that you get back from the government because you paid more in taxes than you owed. A tax…
If you’ve been cruising around Personal Finance blogs, then you’ve likely heard of a no-spend challenge. The premise of a no-spend challenge is that you have a list of things you are allowed to buy (the essentials like food for example), but otherwise you don’t spend money. Typically it lasts for a month, and then…
I don’t want to say “budget” is a dirty word, but I definitely know people that think so. A Financial Calendar is a bit different and it’s one of the things I did that helped me get on track to pay off all my credit card debt back in 2014-2015. A Financial Calendar can help…
If you’re looking to cut back expenses one of the first things to go is usually your entertainment budget. But here at Less Debt, More Wine we’re firm believers in finding ways to keep enjoying life, that cost less. In this post, we’ll break down different ways you can enjoy a $100 budget. Whether it’s…
If you have a credit card then you likely receive a monthly statement telling you the minimum payment you’re required to make by a certain date. But there is a lot more going on with your statement than just the payment due. In this post, we’ll be covering: the difference between your credit card closing…
What is a 401(k) Plan? A 401(k) plan is a retirement savings account that you can use to build up money for your future. It was designed by the government to encourage people to build up a nest egg. 401(k) plans are named after section 401(k) of the Internal Revenue Code. When you open a…
You can have the greatest budget in the world, but at some point, life is going to throw you a financial curve ball. It might be a parking ticket or a sudden job loss. Either way, you’re going to want a financial safety net to catch those curve balls (it’s possible I’ve muddled my metaphor…
Everyone knows that creating a budget allows you the knowledge of knowing where your money goes and the freedom to decide what is most important to you to continue your lifestyle. But one of the toughest parts of budgeting is making sure you budget everything; there are a few things you may be forgetting to…