Paying Yourself First: How to Make it Work Part 2

Written by Matt Wegner, Founder and Lead Counselor, Matt Wegner Financial Coaching, www.financialexcellence.net.

Pay yourself first

In part one of this two part article I talked about the theoretical part of paying yourself first. Planning our the month’s income and expenses to spend every dollar on paper before the month begins, making sure [...]

Paying Yourself First: How to Make it Work Part 1

Written by Matt Wegner, Founder and Lead Counselor, Matt Wegner Financial Coaching, www.financialexcellence.net.

Paying yourself first

Pay yourself first

There are hundreds, if not thousands of financial gurus out there, all spewing the same advice: live on less than you make, pay down debt, avoid credit, invest early and often, etc. It begins to sound like a broken record with them all saying the same stuff. But what I’ve begun to see is that many Americans are tuning the broken record out. The reason: too much noise and not enough valuable content. Everybody is saying what you should do but nobody is saying how to do it.

A prime example is the concept of paying yourself first. That phrase (or dare I say buzzword) has been uttered so many times over the last 20 years that people have become sick of hearing it. And whenever I mention paying yourself first in a coaching session with my clients, their eyes start rolling and their faces show an unmistakable look of disgust. When I press the issue I find that they have heard the term so much that they’ve tuned it out because they don’t really know how to pay themselves first and actually make it work in real life. read more

006 Financial Excellence: Saving Your Marriage through the Budgeting Process

This week Matt and Janelle discuss how to stay committed to your spouse while working out a budget together. [...]

Yahoo article features Matt Wegner of financial excellence.net

Our very own Matt Wegner was featured in a recent article on Yahoo Finance, discussing how he and his wife became debt-free and stayed that way. It’s a pretty good article with some other good tips for staying away from debt and credit cards. Check it out by clicking here. [...]

Online Budgeting Workshop

Announcing the Financial Excellence Online Budgeting Workshop, April 20th, 2010 at 6 p.m.? From the comfort of your own home, this one-hour e-workshop will teach you the skills you need to make your money work for you and ease the pressure of stress surrounding your finances.? During the workshop you will learn:

- the [...]

Where Your Treasure Is...

“For where your treasure is, there your heart will be also.” (Matthew 6:21) It’s been said that you can learn a lot about someone by looking through their trash. [...]

Credit Cards May Cost You (Even if you pay it off each month)

Here’s an interesting article I found regarding hidden fees your credit card company may charge you, even if you pay off your balance every month. Click Here to read the article.

[polldaddy poll=2149584]

Money Smart Week Comes to a Close

Matt Wegner presenting during Money Smart Week

What a great week teaching classes for Money Smart Week! I’ve had a blast making a difference in the lives of all who attended the classes this week. A special thanks to all who helped organize, plan and promote the events. Without them this week wouldn’t [...]

Money Smart Sheboygan's Financial Makeover Challenge

Vote for the family you think should win $1,000 in Money Smart Sheboygan County’s Financial Makeover Challenge! [...]

Pushing the Envelope

Do you have trouble keeping track of your debit card receipts? Do you remember what you purchased on those receipts? Are you an impulse buyer? If you answered yes to these questions then maybe it’s time you started the envelope system. [...]