Wedding Dreams & Finances

Wedding Dreams & Finances

Getting married is one of the most exciting decisions you’ll probably ever make. For both bride and groom, planning a wedding can be an emotional roller coaster – on one hand, you’re filled with euphoria, and on the other, you feel stressed from the countless decisions to be made. In addition, as with most important life events, planning a wedding can be a source of financial stress because you have to balance your wedding dreams

Smart Grocery Shopping

Smart Grocery Shopping

For most families, groceries (and food costs generally) tend to be one of the largest expenses in their budget, so reviewing our shopping habits is certainly warranted to make sure we aren’t allowing wastage.  We aren’t referring to eating less or necessarily buying less food, but this could apply to families that throw away a lot of food.  Instead, we are considering is there anything we can we do differently, habits we can adopt, or lifestyle changes

How to Approach Saving 33%

How to Approach Saving 33%

In Part 1 of this post (What are Savings?), we discussed a few principles around saving, including considering why it is important, what it is and is not, as well as how to arrange your savings in different buckets. In this post, we explain how to approach increasing your savings to our recommended target of 33% of your after-tax income. (Learn more in: Creating Your Budget (33/33/33).) Don’t be discouraged If you are currently saving around 5% of

What are Savings?

What are Savings?

We are sure everyone intuitively recognizes the need to keep a portion of their income for various purposes, but we would understand if you struggle to decide how much to save and what it should be used for. The purpose of this post is to discuss a few principles around saving: Part 1 will address why saving is important, what is and is not, and in Part 2, we’ll talk about how you could approach increasing your savings. Learning about saving

How to Create a Personal Budget

How to Create a Personal Budget

If you read Cari$ Rules for Financial Freedom, you’ll notice our first rule is “No Budget? No Chance”. What this means is that we fundamentally believe taking control of your finances and achieving Financial Freedom is only possible when you have a personal budget. While we provide a lot of detailed guidance in our Budgeting Series, the purpose of this post is to summarize the process of creating a budget, so you have a big-picture view before diving into the details.

Buying a Home: How Much Can You Afford?

Buying a Home: How Much Can You Afford?

In Part 1 of this post we explored some of the concepts and terms you’ll encounter when taking a mortgage. Once you get past the lingo, here comes the real question: how much house can you afford? In the case of a mortgage it is especially important you consider this question carefully, because unlike other personal loans, which are for relatively short periods, a mortgage spans 20-25 years on average and could be your single largest

Cari$ Rules for Financial Freedom

Cari$ Rules for Financial Freedom

Advice and advisors are plentiful for individuals who have surplus funds—at least in the low hundreds of thousands of dollars—to invest. But it is easy to forget that the majority of the working population would not consider themselves “rich” or “wealthy”. Instead, the majority earn a normal income, have a small or limited savings pool, and face normal money challenges and choices in order to grow their savings. At CariDollarsAndSense, we focus on helping the

Couples Finances: Long-term Relationships

Couples Finances: Long-term Relationships

Courting someone you are attracted to is one of the best experiences life has to offer. While you are getting to know your companion, romanticism is the priority, and the time is emotionally charged. One of the reasons why it’s so great is real life does not have to intervene for a while. But once you decide to commit to a long-term relationship, the practical aspects of life take on greater importance, money being one of biggies.

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