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February 15th, 2010 — Budget, Personal Finance, money management techniques
Tracking Your Expenses
Now that you are familiar with how much income money you have coming into your home, it has become time for you to pay attention to the expenses that you have on a monthly basis. You should begin with the regular payments and the fixed payments that you make, such as your rental [...]
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Creating a Budget 1 Creating a budget may not initially sound like something that you are going to want to do. Just because it is not one of the most exciting things in the world for you to do, that does not mean that it is not vitally important in making sure that your...... -
How to Set New Financial Goals No matter how old you are, or how much money you have in the bank, it is never too late to start setting new financial goals. A big part of successfully saving money and making more money is the formation of goals, keeping track of your progress and finding that...... -
Creating a Household Budget With economic times being what they are, even people who have been more casual about their spending are now creating a household budget. A budget should not be seen as a restriction, telling you what you can't spend, but rather as an empowering tool, letting you know what you can...... -
Tips and Tricks for Budgeting Many people think that the budgeting process has to be complicated in order for it to be effective but the truth is actually quite the contrary. Once you know what the basics are when it comes to starting a budget and managing your budget, there is nothing that has to...... -
Freeing Up Breathing Room in a Tight Budget If your budget is so tight that you feel like you cannot find room to breathe, then you are probably in need of some way of freeing up your cash so that you can relieve some stress. While you may not necessarily be in a position to be able to......
Continue reading → Basics of Budgeting 2
January 29th, 2010 — Book Review, Personal Finance
Whether you are just starting out as a family, or the kids are already in school, there is a lot to be learned about managing the finances of a family. There are so many troublespots that families face, and few places to go for advice. We were very excited to come across a book [...]
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Lessons in Personal Finance The past few years have been especially tumultuous for many people as far as personal finance is concerned. There are a number of lessons that can be gleaned from this, and if you can take these lessons away from the past few years of losses, you may be able to...... -
Untapped Riches: Never Pay Off Your Mortgage--and Other Surprising Secrets for Building Wealth by Susan Cutaia, Anthony Cutaia and Robert Slater On the surface, this book seemed like the ideal read. It has a strong premise of how to create multiple streams of income using debt leverage. That is a great premise and one that we follow and put into practice every day. It was such a disappointment that this book...... -
What You May Not Know About Personal Finance Unless you’ve taken some courses on handling finances, there is a chance that you may not be aware of a few of the key points about budgeting, managing your money and planning for the future. While a lot rests on common sense, there are a few techniques that everyone can...... -
Does Insurance Really Matter When it Comes to Personal Finance? Most of us look at insurance premiums as a big drain on our finances. Insurance policies do not come cheap, but they may be essential. In many ways, you can look at insurance as a way of avoiding financial failure in the years to come. While you can’t buy a...... -
WSJ Complete Personal Finance Guidebook By Jeff Opdyke When it comes to a trusted source for financial news and information, it’s hard to beat the Wall Street Journal. They have introduced a line of guidebooks on many financial topics, but for this review we’ll be taking a look at their Personal Finance guidebook. While it may be a......
Continue reading → The Family CFO By Mary Allvine and Christine Larson
January 21st, 2010 — Banking, Income Streams, Money, Personal Finance
For many of us, saving is something that we always plan to do, but never quite get around to it. The bottom line is, if you don’t have a savings account and a regular plan for putting money aside, you may regret it in the future, especially as you get closer to retirement. A savings [...]
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Organize Your Personal Finances in No Time by Debbie Stanley If nothing else, the state of the economy has shown that millions of people don’t have a good grasp of how to manage their personal finances. There are hundreds of books written every year on the subject and yet, this concept still seems to elude many. Some books are either...... -
Lessons in Personal Finance The past few years have been especially tumultuous for many people as far as personal finance is concerned. There are a number of lessons that can be gleaned from this, and if you can take these lessons away from the past few years of losses, you may be able to...... -
Review: Why Smart People Make Big Money Mistakes and How to Correct Them By Gary Belsky and Tom Gilovich This fascinating book by a popular financial journalist and a college professor may not be the newest book on the shelf, and it may not have the most hype, but by far, it is one of the most interesting personal finance books we have ever read. This book goes where...... -
What You May Not Know About Personal Finance Unless you’ve taken some courses on handling finances, there is a chance that you may not be aware of a few of the key points about budgeting, managing your money and planning for the future. While a lot rests on common sense, there are a few techniques that everyone can...... -
A New Way to Consider Personal Finance Through the past few years, many of us have been conditioned to believe that being in debt is a bad thing. While it certainly may be true that debt is dangerous in the wrong hands, there are actually many ways that debt can be very effective and can actually help......
Continue reading → How to Start Saving More Right Now
December 13th, 2009 — Financial Security, Money, Personal Finance, Standard of Living, Wealth, retirement
As millions of aging baby boomers start contemplating how they are going to survive when they’re no longer working, retirement planning has hit an all time high. Whether you’re just starting out in the workforce, or you’re staring 62 in the face and wondering where the money is going to come from, it is never [...]
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Getting Out of Debt 103 Debt Elimination Step #3 - Finally, you have to implement what is known as a debt snowball. The third and final step of this process, implementing a debt snowball, is a step that could easily require several years depending on how much debt you are dealing with. Once you have...... -
Debt Consolidation Tips If you're swimming in a sea of debt and trying to figure out how to keep your head above the water, one of the easiest ways is to consolidate. However, the actual process of consolidation can be confusing and it is all too easy to make mistakes that will end...... -
How to Invest Now Without a Dime in the Bank If you've ever had a chance to invest in a great stock but didn't have enough money put aside to take advantage of the opportunity, you know too well the agony of defeat. Most of us are under the impression that it takes money in the bank to start investing....... -
The Key to Successful Financial Planning Financial planning at its smallest denominator is essentially what you'd like to have and how you plan to get it. That may be oversimplifying things just a bit, but sometimes when you look at things stripped away of all of their jargon, it's a lot easier to understand it. So,...... -
5 Ways to Save Money Without Even Trying The whole process of saving money is usually associated with pinching pennies until they scream for mercy, living on food from dented cans and basically giving up everything for a future goal. While this will indeed help you put more money away, saving does not need to mean hardship. We......
Continue reading → Planning for Your Retirement The Smart Way
September 30th, 2009 — Budget, Debt, Goal, Personal Finance, Wealth, bad debt, good debt
Every year, thousands of people become millionaires, while hundreds of thousands struggle to make ends meet. What is the difference between the two groups? In many cases, it comes down to whether or not you have what it takes to be a millionaire. While this may seem like oversimplification, there is a lot to be [...]
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Learning Basic Money Management Skills Whether economics is your idea of a great way to fight insomnia, or you just didn’t get the benefit of learning about money management early on, it is never to late to learn the basic skills of proper money management. We highly recommend taking a brief course on finance if...... -
What You Need to Know Before Going Into Debt Let’s face it, if you want to get ahead in today’s world, you’re going to need to go into debt, at least a little. The key is managing your debt properly and avoiding common traps. Not all debt is bad, even if we have been trained to think that it...... -
A Review of Rich Dad Poor Dad With all of the hype surrounding Robert T. Kiyosaki's book, Rich Dad Poor Dad, I fully expected a life changing read that would open new horizons and unlock the mysteries of the wealthy. What I got was a nice little parable with very little actual advice and a whole lot...... -
Saving Money in Five Minutes Flat Are you saving your money for a rainy day, but feeling as if you are always struggling to get ahead of the financial storm? You are certainly not alone. Prepare your financial umbrella with this quick, no nonsense guide to saving money in five minutes. - * First and foremost,...... -
Tips for Paying Off Student Loans Right now, the student loan industry is going through one of its worst periods in decades. New Federal regulations have forced many banks to stop offering student loans, and students are being forced to either find a direct loan or start paying back what they owe. Enrollment figures are being......
Continue reading → Do You Have What it Takes to Be a Millionaire?