Category: Money

Fourteen or nine

Fourteen or nine Keep Track

Should you use fourteen or nine categories? The answer is entirely up to you. If you decide to go with the nine, then the following is for you.

The Money Blueprint is comprised of nine categories (1) Tithe, (2) Savings, (3) Housing and Utilities, (4) Transportation, (5) Debt, (6) Food, (7) Life, (8) Clothing, and (9) Entertainment.

Compound Interest

Compound Interest Compound Interest

There’s a great thing that you might be unaware of and that is compound interest. Compound interest is a powerful thing. The way it works is that when you save money you earn interest on the principal and the interest. Let’s define principal. Principal means the money you put (save) into an investment instrument, savings account, money market account, etc.

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