Archive for the ‘Planning’ Category
Owning a home can be a blessing or a curse. Truly, homeownership can lead to great wealth or great financial ruin. If you’re thinking about buying a house, consider these potential expenses before diving in. While you might already be paying for some of these things while renting, it is still important to have an idea of what you are getting into when purchasing a home.
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The Kinds Of Insurance You Probably Do Not Need. I came across this interesting article over at MSN Money that listed the 10 kinds of insurance that you probably do not need and thought I would share it you. Mind you this list is not all inclusive or exclusive; but rather a nice guideline for people new to buying......
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Money’s 7 New Rules of Financial Security (Part 2) I'm reviewing Money Magazine's 7 New Rules of Financial Security. You can read Part 1 here. Rule No. 4: Borrowing Old thinking: Borrowing sensibly is a good way to build wealth. New rule: Borrow cautiously. You have to worry about the other guy's debt too. Money Summary: Credit was cheap......
I once wrote (well, more than once) an article that got some negative criticism. The article was called How To Write A Check And Other Checkbook Basics. I found out that a lot of people graduating high school didn’t know how to write a check, so I wrote an article on the topic. There was some criticism that the post was so basic that it was useless. But, the truth is so many teens don’t know how to write a check. Our financial education for young people needs to start with some very basic lessons.
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Why 'Save to Spend' Is Still The Best Strategy In recent years, the easy access to credit severely reduced the amount of people across the nation that saved up their money to purchase the things that they desired. Instead of budgeting their money and putting a little of it away each paycheck to save up for the expensive items...... -
5 Ways Being Lazy With My Money Got Me Into Debt This is a guest post from Iâve Paid For This Twice Alreadyâ¦. I encourage you to subscribe to her RSS feed. First, just let me say that I believe in the Lazy Man philosophy as espoused by this blog. I would love to make my money work so I don't......
When most parents find out they are expecting there is usually a period (sometime long and sometimes short) when the parents feel a sense of shock. They look at their lives and know there is going to be a lot of changes. In our post today we are going to look at the financial changes and decisions every expectant and new parent will need to discuss.
5 Important Financial Discussions For New Or Expectant Parents
Can You Start Saving For College?
Dave Ramsey puts saving for college as his fifth baby step. In other words, it is not the hugest priority, but there is certainly some value in starting to invest young.
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How to be a Money Strategist to Reach Your Financial Goals (Part 2) How to be a Money Strategist In Part 1 of this article, I explained that I was a "money strategist." Then, using the financial goals agreed on by me and my wife, I discussed how money strategies and money tactics work together in a personal financial plan to achieve those goals. I then proposed that anyone can...... -
Smart Choices And Savings When Considering Life Insurance. Guest post by Charan Singh Every month almost one million Americans consider and purchase a new life insurance policy. In today's economic environment, when consumers are often looking to reduce costs, what are the most affordable ways to protect a family? Life insurance is the foundation of a smart financial......
You may recall a popular children’s television show several years ago that was called “The Mighty Morphin’ Power Rangers.” The characters were unique in that they were average, ordinary people, but when they came together they would morph or transform into new form with special powers to fight off evil forces.
In the book The Life You’ve Always Wanted, the author discusses how morphin’, or transformation is often desired by people.
The desire for transformation lies deep in every human heart. This why people enter therapy, join health clubs, get into recovery groups, read self help books, attend motivational seminars and make New Year’s resolutions.
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Individual Development Accounts: The Best Poverty Assistance Program that We Never Hear About. I like to think I'm fairly immune to soft-hearted stories about people who are struggling to make ends meet or some other type of financial hardship that pushes them into the downward spiral of never ending debt. It's a tough world, and it often pays to have a thick skin....... -
More Stress, Less Money? Ways That Stress Can Cause Your Spending to Increase If you're frequently stressed out, do you tend to make bad money decisions? My answer is yes. If you know you're under stress, keep an eye on your bank account and your budget, if you have one. And it's not just financial stress that causes bad financial decisions. Sometimes the......
This is a guest post from the National Endowment for Financial Education (NEFE), a non-profit dedicated to improving the financial literacy of all Americans. NEFE operates the site Smart About Money. Follow NEFE on Twitter at @nefe_org
The new year is coming, and with it come the resolutions. Here are a few resolutions that you might consider taking up this year.
- Control spending: If you spend less you’ll have more money available to pay down debt and save for the future. Write down your expenses for a month to see where your money is going. You might be surprised by how easy it is to find places to scale back.
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Our Credit Card Journey: Swipers To Shredders This post is from Frugal Dad staff writer Chris. You can find more of his writing at Your Money Relationship. One of the most difficult parts of getting out of debt is transitioning from a spender to a saver. I'll be honest with you. My wife and I loved to...... -
Save Time, Money and Space in Over 80 Ways If you're looking for handy gadgets, tools and various items that can save you time, money or space (or all three!) this list of more than 80 top products is just what you need. Everyone's got saving money on their minds these days. Some of us are always looking to......
Steven Covey makes an important distinction between leaders and managers.
Leaders are those who have vision and direction.
Managers simply master the art of doing ‘it’ better and more efficiently.
Covey offers the following illustration:
The managers are those who are finding better swinging movements to cut more branches with less effort while the leader is the one climbing to the top of the tree to see if they are in the right forest and to see if they are heading the right direction.
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Woods Upstaged by Yang in Hazeltine The South Korean Player Yang Yong-eun just became the first male major winner from Asia after completely overhauling Woods in a stunning fashion, clinching the US PGA Championship win at Hazeltine with a total of three shots this past Sunday. Trailing the world no. 1 and the overwhelming favorite Tiger...... -
How To Teach Teens About Money The following guest post is from Ryan, a high school senior who recently began blogging at The Financial Student. If you have children in high school, you only have a few years left to instill solid financial skills. One of the best ways to do this is to open up......
As the family money manager, I have an important responsibility which I never considered before last week. It’s a responsibility to insure my wife knows how to get access to all of our financial information and important documents immediately, if something ever happened to me.
This is a serious topic many people don’t want to think about or discuss, but its reality. I know because I recently experienced the passing of a family member. Amongst many things that are discussed between family members after losing a loved one is always a need to discuss finances.
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Filling Forms Online Is A Legitimate Way To Earn Extra Money There are a lot of internet surfers who can not understand why the sites are ready to pay so good money for filling questionnaires. At the same time they are not aware whether it is really legitimate to fill all of these forms online for money. The following article is...... -
Finding the Right Financial Planner Market losses and chaotic market behavior increase the need for accurate and unbiased retirement and financial planning advice. Tax rates will have to sharply increase to pay for recent government rescues and bailouts. Baby boomers and others seeking to accumulate and preserve wealth will adjust their financial goals and reconsider present and future money strategies......










Living On Less Before You Need To: Getting By With One Income
Last week I read a post over at Debt Free Adventure about how it’s a good idea to start living on one income, whether or not you need to. If you’re married and have no kids, it can be a good exercise to see what it may be like if you end up having children and one partner needs (or wants) to stay home with the child. It is also a good way to get ahead faster because you’re living below your means, before you have to! So today I want to talk about living on less before you need to, and why it’s a good idea. Read more... (1176 words, 11 images, estimated 4:42 mins reading time)
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