Despite the march of online banking and the virtualization of many common financial arms, money scams are alive and well. Particularly vulnerable people are seniors. We’re going to show you some smart ways to stop yourself from becoming the victim of money scams. Prevention is the best defense through developing good habits. Be Aware Strangers […]
Due to the popularity of the visualizing how your stuff owns you post from several weeks ago, I thought it would be beneficial if I documented exactly how I use a simple monthly calendar and a few personal finance metrics to visually represent how many hours, days, even weeks, I had to work in order […]
If you’ve ever been low on cash with creditors knocking at the door, you’ve more than likely considered using a payday loan company. The idea is appealing, you simply hand over a post-dated check for the amount of money you need and presto, you have cash in your hands. Unfortunately, these loans seldom work out the way you think they will and before you know it you could wind up thousands of dollars in debt. Before you hand over that blank check to payday loan companies, here are a few reasons that you may want to reconsider your decision:
If you are planning to retire within the next few years, it is important that you make plans for your retirement. Having a set plan ahead of time will help you out in the long run, especially because if you do not have many saved and things prepared, you may end up struggling to keep up with the cost of living upon retiring from the workforce. There are many ways for you to begin planning for your retirement, and remember that the sooner you start to save money, the more money you will have in the future when you need it the most.
Benjamin Franklin, one of America’s greatest minds, wrote what can be best described as America’s first book on personal finance: “The Way to Wealth.” Many argue that it is the best book ever written on personal finance, and I agree that it contains priceless wisdom on the subject. One of my favorite quotes is, “If you would know the value of money, go and try to borrow some.” Therefore, it is with a great deal of modesty that I offer you six more tips on building wealth.
No one is perfect with managing their money, but some people are worse than others. In my days, I’ve seen some pretty stupid stuff. I’m not saying that I don’t expect people to make mistakes, but there’s a difference between learning from your mistakes and not. If you are looking to improve your financial situation, […]
If you have never learned about credit, however, you are certainly not aware of how your actions today can affect you tomorrow. You may not know anything is wrong until you go to buy a car or a home and find that you are rejected because of a low credit rating. Don’t let this happen to you. By avoiding these mistakes in your teens and early adulthood, you can establish a solid credit history as an adult.
Warning! Stop looking for the EASY BUTTON! It ain’t there because there is no such quick fix. The reality is that debt reduction requires a serious and dedicated effort over time. Unless, you are consider the big B, bankruptcy, that is. Even then, that is definitely not an easy or desirable choice.
As you transition from the college campus to the working world, it is inevitable that you would need to spend some money on necessary items. Rather than think of what it is costing you, consider it an investment for your career and your future. Here are nine things that any new graduate like you must buy to be a professional and advance your career. Don’t get these confused with items you shouldn’t buy.
You just got your diploma and have joined the working masses. For some new graduates, entering the working world is the signal that you should go on a spending spree. After all, you have worked hard for your money. However, there is a right time to buy things that you want or need. This article lists some things that a recent college graduate should refrain from buying, especially while we are living in a tough economy.