
10 Things You Need To Know About Money
Few things influence your standard of life more than financial literacy.
The basics go well beyond being able to open up a bank account or get a job. They entail knowing how to make a wide variety of financial decisions throughout your life. Understanding and applying these financial essentials to the money you earn is probably make you wealthy. Not having a grasp of them can leave you in a permanent financial bind. Here are the 10 essential financial basics:
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10 Commandments Of Personal Finance
For few people, getting personal finances in order is more demanding than wandering the desert for 40 years. But it does not take a miracle. If you are looking for some basic guidelines, just follow these 10 commandments:
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10 Financial Lessons For A Richer Life
Let’s face it, personal finance is not nuclear physics.
The basics are so simple that anyone can get the concepts down in less than a day — spend less than you earn, save and invest the rest.
Knowing what should be done and actually doing it, however, are two different things.
Most people realize that spending more money than they have is a bad, bad thing. That still doesn’t keep millions of people from racking up credit-card debt.
Here are 10 money lessons I wish I had known when I was 20 (I’m now 42 years old), which also have the power to change your life if you are able to embrace them.
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5 Money Saving Mistakes People Make
Saving money is not too hard — but it is possible to make some big mistakes along the way if you are not that much careful.
The increase in both gas and food prices has been taking a toll on people’s budgets, but it appears that things will get worse before they get better. The recent floods in the Midwest are likely to lift up both gas and food prices in the coming weeks.
Higher prices all around have many people looking to save money any way they can. While saving money appears to be pretty easy and straightforward on the surface, there are still a large number of people who make basic mistakes when they try to save money that actually hurt their finances rather than help them.
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7 Things You Should Spend Money On Today
When times are hard, most people think they should spend less and save as much as possible. That’s good advice in many situations, but exceptions are there. Here are seven of them:
Home improvements
A recession is a great time to do work on your home. Materials will not to be counted, since demand will be low. Labor is ample and cheap. And if the work increases the value of the house, spending extra money to get them done when times are tough makes financial sense.
Your health
Health is always very important, but it is even more critical during dour economic times. You can’t afford to miss work for an extended period without placing your job at risk. Protective measures, even if they cost extra, are important. In addition, you need to quickly address ailments so they don’t turn into something major later on.
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10 Different Creative Ways to Pay Off Credit Card Debt Without Being a Complete Hermit
We’ve all heard this personal finance advice: For the price of your daily latte, you could launch your dream business, pay off credit card debt, become a savvy investor or build your savings to astronomical levels.
Sure, we could all be billionaires if not for our caffeine habit. We’ll get right on that.
In the meantime, you sit with stacks of credit card debt, dwindling savings and paychecks that hardly pay the bills.
Lattes aren’t your problem.
How to Pay Down Your Credit Card Debt
You need to get creative with your budget, especially if you’re ever going to wring out enough to pay off debt and work toward your new life as a billionaire.
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12 Ways To Save Money And Add $5K To Your Bank Account This Year
How much money would you like to have saved for the holidays? Or your next vacation? Or your emergency fund?
Whatever your aim is, the number probably seems formidable.
Trying to figure out where several hundred or a few thousand dollars might come from is tough. Instead, break it down. Find ways to set aside just a little bit at a time — you will be surprised how quickly you can move toward your goal!
Here are 12 Ways to Save Money This Year
To help you get started with that first step, we’ve put together a 12-month strategy to save money and work your way up to $5,000 in savings this year!
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7 Steps To Getting Rid Of Student Loan Debt That Most People Haven’t Tried
When I was at my brokest and plagued with student loan debt I couldn’t possibly repay, my first instinct was to ignore it.
Not my Penny Hoarder-est moment, I admit.
But what can you do when you’re choosing between groceries and the electricity bill, and the federal government asks for $300? I laughed and swept it under the rug… and racked up 10s of thousands in interest and fees over the years
I wish I’d known there were better options.
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This Is How I Protected My Credit Score During Our Divorce
If you asked my friends to define me at age 18, they would probably have used words like “know-it-all,” “cheap” and “well-intentioned but controlling.” After a few more jabs, they would likely also tell you that I was discontent with loneliness and ultimately altar-bound.
That turns true when I met my first serious boyfriend and married him three years later. But the younger version of me was so distressed with settling down and warding off loneliness that I did not truly vet my now ex-husband. I ignored years upon years of very clear signs that he was unfaithful and unreliable.
I eventually encountered proof of dozens of instances of infidelity and — with the support of my friends and family — was able to end the relationship with a dissolution (a joint petition for separation that avoided many of the drawn-out aspects of a divorce).
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How To Start Investing – Even If You Are Completely Broke
In the 21st century, we like things small.
Our headphones, computers and dogs are all shrinking. Teacup pigs are surging in popularity (at least in meme form). File compression is such a well-known part of everyday life that an entire sitcom is based on the concept.
It’s no surprise we like our investments small, too.
Why Millennials Love Microinvesting
Investment, as a term, seems way too big for most of us. It’s much to learn, too much responsibility, too much risk.
Microinvesting, on the other hand, is just plain adorable. Snappable, ‘grammable adorableness.
Most importantly, you don’t really have to know anything about the stock market to make this kind of investment.