Personal Finance Management Guide

RSS Feed Homepage

Articles: 1, 2, 3, 4

Saving for College and Retirement
2007-11-06 11:29:00
Financial independence, which most of us define as being able to live a comfortable life without having to work is probably everyone?s most cherished investment goal. Certainly that?s what saving for retirement is all about. And yet most people have no idea how to figure out how much money they?ll need to support themselves in retirement, or where the money will come from. The other goal most people save for is to fund their children?s college education. These are two excellent goals. The trouble is that if you don?t pay attention to how the system works in each case, you won?t maximize your investments. Treating College Like a Major Purchase Studies have shown that over their working lives, college graduates earn substantially more than those with just a high school or community... This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Retirement , Saving , Tire

AVOID DEBT: Golden Rules for Making Money
2007-10-22 16:17:00
Young men starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a slavish position to get in, yet we find many a young man, hardly out of his "teens," running in debt. He meets a chum and says, "Look at this: I have got trusted for a new suit of clothes." He seems to look upon the clothes as so much given to him; well, it frequently is so, but, if he succeeds in paying and then gets trusted again, he is adopting a habit which will keep him in poverty through life. Debt robs a man of his self-respect, and makes him almost despise himself. Grunting and groaning and working for what he has eaten up or worn out, and now when he is called upon to pay up, he has nothing to show for his money; this is properly termed "working for a... This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial fre...
More About: Money , Rules , Avoid , Golden

SELECT THE RIGHT LOCATION: Golden Rules for Making Money
2007-10-22 12:14:00
(Excerpts from The Art of Money Getting, by P. T. Barnum) After securing the right vocation, you must be careful to select the proper location. You may have been cut out for a hotel keeper, and they say it requires a genius to "know how to keep a hotel." You might conduct a hotel like clock-work, and provide satisfactorily for five hundred guests every day; yet, if you should locate your house in a small village where there is no railroad communication or public travel, the location would be your ruin. It is equally important that you do not commence business where there are already enough to meet all demands in the same occupation. I remember a case which illustrates this subject. When I was in London in 1858, I was passing down Holborn with an English friend and came to the "penny... This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Location , Rules , Golden , Select

The Expense-Reduction Game: Are Your Expenses in the Zone?
2007-10-19 12:25:00
Once you?ve got your list of expenses, consider each one and ask yourself if there is a way to reduce it. This will take some time, but you?ll be well paid for your efforts. And it really is true that getting smart about reducing expenses can be an enjoyable game. As you play it, however, don?t assume you cannot cut an expense until you?ve really pushed things to the limit. For example, you might think that the only way to reduce your electric bill is to be more vigilant about turning off lights in unoccupied rooms. But depending on where you live, if you have an electric water heater, you can probably save $300 or more each year by having the electric company install an off-peak meter. (The savings come from the lower electric rate charged for running the water heater during off-peak... This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Game , Expenses , Zone , Reduction

Watch Video: THE MONEY MASTERS - How International Bankers Gained Control o
2007-10-16 00:01:00
This film is probably the best history movie you will ever see in your life. In total it is about 3 hours of footage but worth every second. You will probably learn more in 3 hours of watching this film than you will learn in any college history class. Fasten your seat belts. "The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole...Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money..." THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the... This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial fre...
More About: Video , Watch , International , Money , Control

DON'T MISTAKE YOUR VOCATION: Golden Rules for Making Money
2007-10-14 10:03:00
The safest plan, and the one most sure of success for the young man starting in life, is to select the vocation which is most congenial to his tastes. Parents and guardians are often quite too negligent in regard to this. It very common for a father to say, for example: "I have five boys. I will make Billy a clergyman; John a lawyer; Tom a doctor, and Dick a farmer." He then goes into town and looks about to see what he will do with Sammy. He returns home and says "Sammy, I see watch- making is a nice genteel business; I think I will make you a goldsmith." He does this, regardless of Sam's natural inclinations, or genius. We are all, no doubt, born for a wise purpose. There is as much diversity in our brains as in our countenances. Some are born natural mechanics, while some have great... This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial fre...
More About: Money , Rules , Vocation , Golden , Mista

Golden Rules for Making Money
2007-10-11 06:20:00
In the United States, where we have more land than people, it is not at all difficult for persons in good health to make money. In this comparatively new field there are so many avenues of success open, so many vocations which are not crowded, that any person of either sex who is willing, at least for the time being, to engage in any respectable occupation that offers, may find lucrative employment. Those who really desire to attain an independence, have only to set their minds upon it, and adopt the proper means, as they do in regard to any other object which they wish to accomplish, and the thing is easily done. But however easy it may be found to make money, I have no doubt many of my hearers will agree it is the most difficult thing in the world to keep it. The road to wealth is, as... This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial fre...
More About: Money , Rules , Golden , Makin

How Long to Keep Financial Records
2007-10-08 09:32:00
Keeping financial records You can't take everything with you, but the following are suggestions about how long you should keep personal-finance and investment records on file. Types of records * Taxes * IRA contribution records * Retirement/savings plan statements * Bank records * Brokerage statements * Bills * Credit card receipts and statements * Paycheck stubs * House/condominium records Taxes * Returns * Canceled checks/receipts (alimony, charitable contributions, mortgage interest and retirement plan contributions) * Records for tax deductions taken Length of time to keep: Seven years * The IRS has three years from your filing date to audit your return if it suspects good-faith errors. * The three-year deadline also applies if you discover a mistake in your return and decide... This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial fre...
More About: Financial , Long , Cord

How to Pay-off Things on Your Credit Report
2007-10-06 20:03:00
If your plan is to become debt free you should consider the debt snowball approach. List all your debts by smallest to largest. Pay everything you can toward the smallest and just pay the minimums on the rest. Once you pay it off move to the next one and so on... You'll find that by the time you reach the last bill your able to pay huge amounts and the snowball has become HUGE!!! I would advise before you buy a house you become debt free, have $3000 in the bank for emergencies, and at least $10000 to put down on the house. Always get at least a 15 year, fixed rate mortgage.If you can do all this before you buy, you'll enjoy the house and won't have near the stress you would if you bought a house with a lot of debt hanging around your neck pulling you down. This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Credit , Report , Credit report , Things

Watch Video About Borrowing and Lending Money Market Place: Earn Money Thro
2007-10-02 03:43:00
Prosper is America's first people-to-people lending marketplace, and was created to make consumer lending more financially and socially rewarding for everyone. The way Prosper works is intuitive to people who have used eBay. Instead of listing and bidding on items, people list and bid on loans using Prosper's online auction platform. People who want to lend set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select. People who lend can easily diversify using "standing orders", which automatically make many small loans to different borrowers. It's a new asset class in investing. In addition to criteria commonly used by institutional lenders, such as credit scores, people who lend can base their decision on a borrowers' group... This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial...
More About: Video , Watch , Money , Market , Earn Money

Ten Traits of Underearners
2007-09-28 05:42:00
"10 Traits of Underearners" an excerpt from the book OVERCOMING UNDEREARNING: Overcome Your Money Fears and Earn What You Deserve by Barbara Stanny Published by Collins. Posted here with permission. INTRODUCTIONIn "Overcoming Underearning, " financial guru Barbara Stanny helps readers change their relationship with money and realize that underearning is often self-inflicted. Stanny's expertise lies in helping women gain financial independence, but the lessons learned in "Overcoming Underearning" apply to both genders.Stanny, the leading authority on women and money, is a motivational speaker, educator, former journalist, and career counselor. She is the author of two previous books, "Prince Charming Isn't Coming: How Women Get Smart About Money" and "Secrets of Six-Figure Women."In... This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: TRAI

Watch ? Money As Debt? Video- What money is and how it is being created?
2007-09-26 03:18:00
Paul Grignon's 47-minute animated presentation of "Money as Debt " tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States. This is a content summary only. Visit my blog at http://personal-finance-management.blogsp ot.com/ for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Video , Watch

Replacement Cost Explained- Making Sure You Have Enough Home Owners Insuran
2007-09-22 06:35:00
Owning a home is the foundation of the American Dream. And certainly for most of us, our homes are the largest single asset we will ever own. Yet a recent survey shows nearly 60 percent of American homes are underinsured -- by an average of 22 percent. To put that into dollar terms: If the home you bought five years ago for $450,000 were to burned to the ground, the chances are that you?d have to borrow $187,000 to make up for the portion of the replacement cost your homeowner?s insurance policy does not cover. Actually, the shortfall could be more or it could be less. On the one hand, although it was part of the purchase price, the land your home sits on doesn?t figure into its replacement cost. On the other hand, building and materials costs will certainly have increased since you... This is a content summary only. Visit my blog for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Home , Cost , Makin , Owners , Laine

Home Ownership and the American Dream
2007-09-18 03:17:00
Housing is among the biggest expenses in the budgets of American s. And of course, the expense depends on the type, quality and location of the place you choose to call home. ?This is my land. This is my house. And, within certain broad community restrictions, I can do whatever the heck I want to do with it.? Others have phrased it more felicitously, but at bottom, that is the essential sentiment in the land of the free and the home of the homeowner. Owners hip ? at least individual ownership ? was never a part of the ethos of the Americans, but the promise of land for the common man was the engine that built the United States. That?s why, to this day, owning a home is such a deeply embedded part of the American dream. It?s also the reason why buying a home usually makes good financial... This is a content summary only. Visit my blog for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: The American Dream , Home , Dream

Planning Your Spending and Saving
2007-09-14 21:57:00
The traditional way to plot a path to your financial goals is to create a budget and then live by it. But as one of today?s teenagers might say, ?Get real!? Certainly there are people who can successfully stick to a strict budget. But most of us can?t, just as most of us can?t completely give up ice cream or some other indulgence for an extended period of time. The key word here is completely. Perhaps instead of having ice cream for dessert every night, you eat a piece of fresh fruit for one or two nights of the week. Or instead of sliding from dessert straight into an evening of television, you take a walk around the block after dinner and then watch TV. These are small lifestyle changes that you will hardly feel, but over time they can have a major positive impact on your health. The... This is a content summary only. Visit my blog for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Planning , Spending , Saving

How to Figure Your Net Worth
2007-09-13 16:46:00
Why Should You care? Figuring your net worth is work. So take your time, and take it easy. Try to have fun with it. After all, you?re counting up your money! And that can be a pleasurable process. It?s also an important process. Knowing your net worth allows you to drive a stake in the ground and say, ?Okay, this is where I am.? Only after doing that can you say, ?Now, where do I want to go?? A year from now, you should calculate your net worth again to measure the progress you?ve made. The idea is to see your net worth steadily increase year after year. You?ll also be prepared and ready for those financial situations that call for information about your current net worth. When you apply for a mortgage, or line of credit, fill out college financial-aid forms, increase your life... This is a content summary only. Visit my blog for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Net worth , Worth , Figure , Wort

How to Pay For or Lease a Car
2007-09-12 20:59:00
Buying a car maybe a second only to having a child when it comes to cutting a hole in your pocket. Just think of the expenses: gasoline, oil, tires, state safety inspections, insurance, maintenance and repairs, interest on your auto loan or lease. And then there?s depreciation. Want to see $5,000 disappear in an instant? Just buy a $40,000 car and drive it off the dealer?s lot. The typical new car losses between 20 and 35 percent of its value during the first year you own it. Still, cars and kids are not something most of us would want to do without. So, with due acknowledgement of the costs of car ownership, the questions becomes how do you find the car that?s right for you, and then get the best deal when you?re ready to buy? Finding the Right Car The best advice in looking for a car... This is a content summary only. Visit my blog for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Lease

Using Credit Wisely
2007-09-12 18:00:00
Money may make the world go ?round, but credit greases the axle. People borrow money to accomplish things they never could if they had to rely on their savings. Other people lend money because they can make their money grow by ?renting it out? for interest. Credit is really as essential as money, and both undoubtedly came into being at the same time. Borrowing money and paying interest is an excellent idea if the money will be spent on something that will appreciate, grow, or enable you to increase your net worth. Good examples include borrowing for a home or major home improvement, your children?s college education, computers and other equipment for your business, or the training you need to get a better-paying job. But using credit to buy items or experiences ? like a meal at an... This is a content summary only. Visit my blog for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.

Finding the Right Bank
2007-09-12 15:56:00
Everyone needs a bank ? or a credit union or savings and loan association (S&L). At least, everyone with bills to pay and a salary to deposit. Unfortunately, choosing the bank that?s right for you is both harder and easier than ever before. It?s harder because many banks now have so many different fees and charges for nearly everything. Indeed, the differences among banks are so great that you could find yourself wasting upward of $300 a year if you don?t pay attention. What makes selecting a bank easier is that the personal banker ? the longtime branch manager or vice president who knew you or your family ? has gone the way of the personal physician who made house calls. For some years, big banks have been buying up smaller banks at a rapid pace. Personal relationships may still matter... This is a content summary only. Visit my blog for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Bank

Taking Control of Your Personal Finances
2007-09-12 12:58:00
Everyone likes to spend money. But few of us likes to spend the time and effort needed to get ? and keep ? our personal finances in order; even though doing so would almost certainly help us have more money to spend. Often, a lot more. Contrary to what you may think, managing your personal finances isn?t hard. What?s hard is getting yourself to do what needs to be done, a task complicated by the fact that most people haven?t a clue about what that might be. Through this blog, you?ll learn exactly what to do to get smart about managing your finances. You?ll eliminate the need to hire a financial planner, who?d probably charge you anywhere from $500 to $2,500 to do the work for you. And you?ll discover that getting smart about your personal finances can actually be a lot of fun, to say... This is a content summary only. Visit my blog for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Personal , Finances , Control , Sona , Fina

It is All About Personal Finance
2007-09-07 22:02:00
We all know that money truly is one of the essences of real life. Art, music, culture, family, travel, recreation and sports ? there isn?t anything you can name that could not be improved and enhanced by your having more money. And that really what this blog is all about. Personal finance is not a given. It doesn?t happen automatically. And, with all due respect, sitting down with your paycheck once or twice a month and deciding which bills you can pay is no way to prosper and get ahead. Regardless of how much you earn, you need to take control. You need to say, ?Okay, enough! I?m not going to spend the rest of my life living from paycheck to paycheck.? But simply acquiring a home or a car or anything else isn?t enough. Not in today?s world. How do you shield yourself and your... This is a content summary only. Visit my blog for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Personal Finance , Finance , Sona , Fina

Links for 2007-09-01 [Digg]
2007-09-02 07:00:00
Personal Finance Management Guide Quick and easy strategies for getting control of your money. An all-you-need-to-know introduction to managing and making the most of your hard-earned money.
More About: Links , Digg

Personal Finance Management
2007-09-01 03:50:00
Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save and spend monetary resources over time, taking into account various financial risks and future life events. Components of personal finance might include checking and savings accounts, credit cards and consumer loans, investments in the stock market, retirement plans, social security benefits, insurance policies, and income tax management. Personal Financial Planning A key component of personal finance is financial planning, a dynamic process that requires regular monitoring and reevaluation. In general, it has five steps: Assessment: One's personal financial situation can be assessed by... This is a content summary only. Visit my blog for full links, more interesting tools and helpful content! Goodluck on you way to financial freedom.
More About: Personal , Personal Finance , Finance , Management , Sona