So here’s a short and sweet 10-point check-list to make sure that the transition into parenthood is both smooth and joyful.
1. Start by creating a short-term kitty to take care of both the delivery expenses and the numerous items you will need for your kid… from baby-pram and baby-toys to baby-cot and baby-seats.
2. Don’t be hesitant to use hand-me-downs. As any baby outgrows the clothes, toys etc. very fast, it makes no sense to buy everything new. All this money saved would be more useful for other critical needs such as debt-reduction, education, etc.
3. Check out the maternity (and now in some cases even paternity) leave and other benefits, if any, offered by your employer(s). Accordingly, you can derive maximum gains from these benefits.
Whether you have $3 million dollars stashed away somewhere, or you are struggling to pay bills and get a steady income, there are set of principles you should follow no matter what income level you are apart of. When you learn to manage your money wisely, your financial Saving.
Organize Your Finances
This is the most common tip regarding your finances, and should always be first on your list. Organization is key to being successful with anything you do whether it is shopping for groceries or investing in your 401k. No matter what, you need to be on top of your finances and know what to expect in the future. You aren’t going to be able to predict everything and anything life throws at you, but you should always try. This will limit the amount of messes you will have to clean up, and also limit the amount of money you lose in the long run.
Keep Good Records
You never know when you are going to have to go back and re-check
Being a single mom is a financial challenge that does not have to break you! Single moms should be proud to be a single mom and can still have the success’s that you have always dreamed about. You simply need to be smart and creative when it comes to your money saving.
First of all, to be in control of your finances you must be a budget queen. You need to know how and when your bills are due, your paychecks come in and what you have for groceries etc. Your breakdown guideline should be: 60% of your income to needs, 30% of your income to wants, and 10% of your income to savings. If you don’t have a budget tool, I have you covered. Visit my website below for a free tool that will help you budget and get on top of your finances.
Secondly: Examine all of your house bills. Look at what you have and what you are paying. You will be surprised at the extra fees and services that you have, but
Money is known to be one of the major causes of tension in a relationship. So, try something new. Follow a few simple guidelines that can help you keep the fireworks in the relationship from exploding out of control.
1. Understand your Motivations and Goals
Traditionally individuals and couples will earn an income and automatically adjust their lifestyles to that income level. It’s nice to have the finer things in life such as home, new cars, vacations, etc. Very little thought, however, goes into motivations or values. It’s an important first step to understand what’s most important to you (your values) and from there you can set some specific financial goals.
Spending some time alone AND together and WRITING out your individual motivators (or values) and goals can be enlightening. Give it a try separately at first and then compare with your spouse or significant other. You’ll be well on your path to understanding each other better and set up for fruitful communications.
Once you’ve agreed on some goals, be realistic about the amount and timeframes. For example, if a goal is to buy
To get ahead financially the statement “live within your income” is one of most critical fundamental steps you can take on board. I cannot stress enough how important it is to get your finances in control and to have you living within the amount of money you earn.
I know it is easy to think that you don’t live beyond your means, but often you can be doing this without even realising it. Some questions to ask yourself to establish whether or not you do “live within your income” are:
Do you pay cash for your purchases?
Are your debts going upward instead of downward?
Is your home loan increasing instead of decreasing?
Do you have more credit cards than you did a couple of years ago?
Do you have large amounts of debt owing for personal purchases such as cars, boats, renovations?
Are you behind with some of your bills?
Do you struggle to afford your bills when they come in?
Are you always running out of money before your next pay day?
Do you owe money to your family / friends / work colleagues?
Do you have a lot of ‘interest free’ loans for purchases such a whitegoods, furniture, household items
America seems to have a high ignorance when it comes to personal finance. In this article, you will learn some basic financial concepts that will help you get the most from your money. You will see how to make your money go further, and find out how to supplement your income with side projects.
Replace old incandescent light bulbs with CFL light bulbs. Changing to more efficient light bulbs will decrease your electric bill and help the environment. CFL bulbs also last much longer than traditional light bulbs. Buying bulbs less frequently can help you save money.
Financial issues can come up suddenly, without warning, so it’s always good to be prepared. You should find out now what fees and penalties you will face for late or missed payments, so you can prepare for the worst. Do not commit to a lease without knowing this information.
Check your credit report regularly. There are more than a couple of ways that you can see your credit report at no cost. Make sure that this is done two times a year to make sure that there aren’t any unauthorized
There are so many personal finance programs and books on the market, trying to decide where to begin can make your head spin. Besides the myriad of options on the bookshelves and internet stores, there are dozens of popular, national programs that can cost hundreds of dollars. I’ve seen people spend over $100 to $150 on such programs and upon completion ask the question, “okay, how do I get started.” I find it unbelievable to spend that much money and time on a program and still not know how to get started.
Most of these books, programs and seminars focus on the much larger picture of Financial Planning and wealth building which are great resources to pursue after you get your spending under control, paid off all your debt, live within your means and have money left over to invest. To get started in the world of personal finance, most people just need a simple budgeting program to help them get started.
I’m also a proponent that budgeting should not be a “look back” to previous months spending and then model that for the coming months. If you’re overspending and base your future month’s budget on a bad model, you really don’t
Planning your expenses is an important thing which you will need to do if you would like to have a certain level of savings or even want to invest minimally in order to get a decent income flowing when you wish to retire. What this article aims to do is provide some easy tips which you can immediately carry out in order to control and at least help you curb your expenditure and spend wisely. I will describe this in two phases. The first is what I would call structural methods. In this section, I will describe to you some methods you can use to at least implement a system into your personal finances so that you will have some form of financial plan for any period of time in place. The second is what I shall call personal methods. These are methods and habits which you can carry out for your everyday life. Believe me, these will at least improve how you plan your finances.
a) Budget your finances, Monthly, Weekly and Daily.
Yes, the first thing that will come out of the lips
The ceremony and honeymoon are over and reality has now set in. You are living together as one and both of you will need to make some adjustments. This is especially true of money and debts that both of you have incurred prior to your marriage. This article will provide you with some tips on how to begin the process in making your marriage last, being prosperous and taking control of your finances.
Begin With The Basics
Create a household budget and stick to it!
Pay down any debt accrued before you got married.
Start saving for our future together.
Plan for the unexpected.
As a couple, create a total financial game plan.
This step requires patience and persistence. Sit down together and begin to formulate your plan. There are tools that you can use to assist you in budget planning. The sooner you do this the better chance you have of not fighting over finances as a couple. SmartMoney indicated this is the biggest problem facing married couples.
Some Tips to Consider
Update your will if you have one. If not, make one.
Update your life insurance policy if you have one. If not, buy a term life insurance policy that covers the entire family including children.
If you are a college student, you are probably suffering from a serious lack of money. However, all this can change once you learn how to manage all the money that you have, because that way you will be able to have a lot more money available for you. Here are some of the best tips for money management for college students:
First of all, make sure that you will spend some time and keep track of all the things that you are buying. That way you can easily see what amount of money you are spending on items that you do not need and later on you will be able to cut those expenses.
Get all the possible college student discounts that are available, because that way you will be able to save a lot of money from, for example riding the bus, going to movies or even ordering pizza. There are a lot of places where you can get information about the college student’s discounts that are available, so make sure that you will spend some time and see what you can do for that.
Be caution when giving any kind of personal information. That is one of the best ways
There are not as many financing options to buying a car these days as in years past. Maybe that’s a good thing! People have asked me, “what’s the best way to buy a car these days?” Here’s a few options, from least attractive to the best.
5) Use your 401k to finance the car.This is about the worst idea on the planet. I had someone actually do this before they spoke to me about it, so it was too late for them. But not too late for you. If you think of just some simple math and compound interest you can easily see that this is the most expensive way to buy a car (or anything else for that matter). Let’s say the car is $20,000. Removing $24,000 from your 401k (because 20% will be withheld for taxes), that $20,000 car is actually costing you about $112,000! Check it out for yourself. I used $24,000 at 8% for 20 years. If you’re a young person and could keep the $24,000 in there for 30 or 40 years, the money lost is astounding. (See my article on the magic of compound interest).
It seems like every conversation overheard nowadays revolve around the same issue: how to make money. With the effects of the global economic crisis still felt among the population, it’s not uncommon to know that a friend who was lucky enough not to be laid off from work is still having a hard time coping with his/her finances. Mounting mortgages, car loans, food, insurance bills, and whatnot have been plaguing mailboxes across the country, driving citizens stressed and confused on how to make the most out of their dollar. Are you one of them? Well, better read these making money tips that could well be your answer to unpaid bills and growing credit card charges.
The easiest way to earn money would be to sell some of your personal things that you were never able to use or you don’t use anymore. These could be as random as a tennis racket to your old stack of comic books. Selling items like these is the no-fuss way of earning for yourself quick cash without having to leave the comfort of your own room-except of course if you decided to sell it online where you
Hi, Friends. Today, we need as many ways as possible to KEEP MORE OF OUR MONEY! In this article, I write about 10 ways to save BIG money. I have included a new one… the Money Merge System, which is a way to PAY DOWN YOUR 15 OR 30 YEAR MORTGAGE IN A FRACTION OF THAT TIME. Do a Google on Money Merge System to learn more about it. We have developed our own version of the Money Merge System named “The Self-Implemented Fast Mortgage Pay Off System” which eliminates the middle man “hosting company”, who charges a hefty sum to become part of that system. Stay tuned and join our newsletter to learn more about it.
Renting Instead of Owning. In this day and age, there are few reasons to rent versus owning your own home. Even if you find it difficult to qualify for a mortgage, and in today’s market this is quite common, you can find people who will sell your home and hold paper (be the bank). Many times they will give you an interest rate that is lower than what the banks are currently charging, and will also
Whether someone shopping for a home is a seasoned veteran of home buying or out looking at their very first home, finance home tips are something that everyone can make use of before making their purchase. Things may be much different since the last purchase and there are now new sources of information that may not have been around or that buyers may not be familiar with or have changed one of the most commonly used financial measures in real estate.
There was a time when people that wanted to buy a home or that were trying to sell a home would contact the neighborhood agent and trust them with every detail. That is no longer the case as agents are in much heavier competition and making the sale is now is sometimes more important than what either the seller or buyer want. The internet presents a viable option as both a tool for selling and for research for real estate investment.
When searching on the Internet, make note of sites that offer live chat. This is a great benefit as many issues can be answered right there on the
When it comes to useful saving money tips there are many things that you can do to really tighten up your finances. It is usually just a matter of being realistic and making a few sacrifices here and there. Even making some minor changes will have a notable impact on the cash that is saved and this is a habit that is well worth cultivating.
These are difficult times financially so looking at ways to really save money in a variety of ways is a wise thing to do. By ensuring you stay healthy in this area it allows you to have more options in life and also helps you to lead a more disciplined and healthy lifestyle.
Having a plan for everything is one of the best places to start. Unplanned expenditure and impulse buying is one of the key reasons for people to spend cash that they don’t have. Stores and food outlets are designed to capitalize on this so you will have to be careful to make the most of this useful technique as there are a lot of people who want you to keep spending impulsively.
No matter your age in life you have got to learn how to save early enough. So if you are a youth or college student reading this article, then you are in luck: as this this article titled “saving money tips for college students” will take you through all the necessary steps you require to start saving money immediately in order to avert a regret later in life. Though, no matter your age, you still need and must continue to imbibe a saving habit.
Follow this step by step approach for saving money for the latter days and you will never regret the day you came across this article. You may have been an expert in handling money, but i tell you the information written here promises a better or additional but simple approach to savings.
The approach of this article is based on 7 simple steps you must observe for you to become regular saver savings as a college student:
1. Have A financial goal: first of all before even thing about the money, realize that you as a student require one need or the other,
There are a lot of tips out there, aren’t there? When it comes to free money tips, most people want ones that help increase their income or, to be blunt, make money. Investment tips and alike aren’t necessary if you haven’t any income to invest! This is more then a tip; when you get right down to it, this is an idea turned into a method that works. What more could you ask for…
Free money tips usually have to do with saving, spending or investing. These tips are more then that. Brad Yates has tips that take only seconds a day to review and they make a huge difference. That could be because his tips are so different though… they have very little to do with money, at least on the surface. You have to learn and see for yourself, but make sure you learn from an expert and someone with experience.
Yates and others that study the psychological implications of our spirituality on all areas of life (including finances), know that our thoughts and feelings determine our success. Popularly referred to as the law of attraction or similar
Like the law of gravity, the Law of Attraction is absolute and makes no judgment, regardless of whether or not you believe in in. By understanding its basic principles, you can use this amazing law to draw anything you wish into your life. And when it comes to finances, knowing even one Law of Attraction money tip can make significant positive changes to your bank account (in your favor, of course).
The Law of Attraction (also known as LOA) states that anything that you focus on most of the time will be drawn to you. So commonsense would tell you that if you anted more financial wealth in your life, you’d simply focus on getting wealthier. Unfortunately, this goes against human nature. What the majority of people do is place their full attention on what they DON’T have as opposed to what they want.
Since the LOA will give you exactly what you are thinking about most, people who dwell on their lack of money ultimately attract more experiences to them that keeps them lacking for money. To change this situation, if you have to reverse what you are placing
Financial independence and stability are two very important things that every young adult needs to have. In this article, 10 money tips for young adults will be presented that will make the road to financial independence and stability a little bit easier.
1.) Never live above your means. Living above one’s means is living a lavish lifestyle that one cannot afford. This can lead to debt, so it should be avoided.
2.) Get a good job. In today’s economy, that might seem like a difficult task, but it is critical to becoming financially stable and independent. Making sure that one has the proper education and training and diligently looking will make this process a lot easier.
3.) Pay bills on time. Being able to pay one’s bills on time is one of the biggest hurdles one’s must jump to become financially stable and independent. Achieving this will allow a person to be able to manage his or her money better.
4.) Establish and Maintain Good credit. Good credit is a necessity because before one is allowed to buy a house, a car, or many
1. This cheque is the “real” money. Credit card is not money (it is merely a payment mechanism). Therefore, the cheque amount should determine your spending pattern; not your credit card limit. Utilize only that much limit which you can easily repay at the end of the month.
2. Contrary to popular perception, Cars, TVs, Smartphones, Air Conditioners, Tablets, etc. are NOT assets. They are liabilities. Because they depreciate. Because you need money to use and maintain them. So don’t accumulate too much of such “fake” assets.
3. For greater transparency, flexibility, liquidity, simplicity, convenience and better returns keep insurance and investment separate. So don’t buy policies that combine investment with insurance. Stick to pure insurance plans to insure against unfortunate eventualities.
4. Borrowing means spending tomorrow’s unearned (and possibly uncertain) income today. So be very careful. If you have to borrow, borrow for the “right purpose”, borrow the “right amount” and borrow at the “right cost”.
5. Start early, invest regularly and stay invested. Time makes money. Fixed deposits, shares, mutual funds, property, gold, etc. are merely the tools that Time employs to