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About Me



Hi! I'm Tawnya, 33 year old wife of a home-based writer.

As a wife, I am a work in progress when it comes to budgeting, saving and managing the income that comes on a monthly basis. Join me as I share with you some ideas that worked for me when it comes to living on one income while saving the other one for the rainy day.





Popular posts from this blog

Drawdown Dangers – What It Means To Traders

Drawdown is a word that is feared and hated by every trader, but it is an inevitable part of playing the markets. It is simply how much your account loses from its peak. Suppose you start with $10,000 in your account, and after a succession of losses the account goes down to $7000. That means you have lost $3000, or 30% of the original starting $10,000, and therefore your drawdown is 30%. Drawdown is relative to where your account peaks, so say you had a good run and built the account up to $12,000, then lost $3000 again, bringing it down to $9000. Your drawdown this time would be $3000 from $12,000, or 25%. Maximum drawdown corresponds to the lowest your account ever hits. Sometimes you will see trading strategies detailing how much maximum drawdown is expected to be when using them – usually the more risky strategies will anticipate a greater drawdown while expecting a higher profit on average. Drawdown is particularly dangerous because, the way statistics work, you ...
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Ways To Keep Yourself From Spending Money

It has always been easy to spend than save. Everyone can attest to the truth of this statement. Although it could be hard, certain things can still be done to ensure that you have enough savings for the rainy days. Below are a number of doable strategies which you can observe every time the urge to spend strikes you. Refrain from making shopping a means to get your needs satisfied. Rest and eat when you need to. Do take some time off to meditate on the things which you need to settle. Remove the phrase shopping for fun from your vocabulary. Do away with credit cards. Just use cash. Create one meaningful goal that is worthy of the amount that you choose to spend. Perhaps, you wish to take further studies on arts or music. Save up for your class fees and nothing more. Never head to the department or grocery store without a shopping list. If you have or use one, stick with the things you need to buy. Pay your bills early before you could spend the money you have at hand on somet...
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How to Secure the Future of Your Child with Special Needs

If  you have a child who is differently abled, you will agree that leaving your child with no financial support in the future is very daunting.  Believe it or not, you can prevent this from happening by securing a special needs fund for your child as early as now. Because a child with special needs may be disqualified for public benefits, the aim of this type of trust fund is to give a convenient lifestyle to them without limiting their access to all available benefits. Generally, the creation of this fund is structured to supplement any assistance the government may provide concerned children in terms of clothing, food and shelter. The four important components of this trust fund are the asset, the beneficiary, the trustee and the purpose. The asset is the special needs resources that will be placed in a trust. The beneficiary is the concerned child while the trustee is someone who will be in charge of the disbursement of the funds. Meanwhile, the purpose serves as th...
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