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Taking
Charge of Your Money
By Melissa Bunting
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Proper financial planning is crucial in achieving personal
goals. Personal Financial literacy can give you the ability to handle expenses
with confidence. Understanding a few key factors is what you need to take charge
of your money.
A common issue in dealing with money is overspreading.
Almost everyone is guilty of overspending on clothes, food, cars, etc.
Chronic overspending is a serious
problem. If you're spending more than you make eventually debt will swallow you
whole.
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Working two or three jobs to pay for things isn't a desirable way to live.
You won't be home to even enjoy your precious commodities.
Failing to plan for unexpected events
can cause a huge surprise. Lack of awareness creates debt. Forgetting to pay the
insurance or utility bills at the end of the month is not an option. Make a list
of all your current bills, write down average costs, and place them in a folder.
This will keep the bills organized for easy access. Never put off tomorrow, what
you can do today. |
Procrastinating over saving for college, a new car, or retirement will only lead
to disappointment in the end. Start saving money as early as possible to
maximize the financial benefits. Spending money with your heart and not your
mind will result in poor financial decision-making.
Just because it's on sale doesn't mean
you need it. A weekend vacation is fun and occasionally good, but to repeat
excessive spending every seven days isn't necessary.
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Reason must accompany emotions and feeling. Financial
personality clashes can cause trouble in personal finances.
If you're a saver and your spouse is a
spender make sure a clear financial plan is designed to bring out each other's
strengths. As the saver should be in charge of credit cards and the more
organized person should pay the bills. Developing a personal financial plan
using these tools will enhance you quality of life. Focus and determination can
overcome any debt. Don't buy that extra cell phone if you know you can do
without.
Remember less is more. The less you spend the more money goes
into the bank!
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| The Many Roads to
Wealth |
By:
Helena Gray
Everyone wants to have lots of money, right? Well, maybe
not. Turns out, there are lots of people who think they
want money, but maybe not as badly as they thought. There
are several legal ways to get it, and you probably are aware
of most of them. So why isn’t everyone rich?...  more |
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| Five
Amazing Things $50 Can Do |
By: Helena Gray
Do you want to reduce your spending, but can’t find any really good
motivation to? Here are a few incredible things that you could do with only $50
a month!
Pay off your mortgage 3 years early. That would save you a total of nearly
$30,000 in payments. (Assumption: $200,000 30-year mortgage at 6%). ....more |
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