I’ll Start Saving, Just As Soon As…
Of course you’ve heard that you need 3-6 months of spending money tucked away in a savings account – just in case. And “someday”, you’ll start working on that. Just as soon as you start making more money, and you’ve paid off the car, and paid down those credit cards, and… um… start making more money (did you say that ...Your Financial Bucket List
In the page, “How To Build An Investment Portfolio”, we talked about creating a “Bucket List” for your financial goals. Specifically, you should group your financial goals into 3 Buckets, and then you’ll go about using these 3 Buckets to allocate your savings and investments. To review what these 3 Buckets are, here they are again: Divide your list of goals onto 3 lists – or Buckets. You should have a: Short-Term Bucket (things ...Can You Get Out Of Debt By Eating Better?
In other articles on this website, we’ve talked about the need to watch out for “Latte Factors” (A phrase coined by David Bach concerning the tendency of many people to “automatically” spend money everyday on something they don’t really need). The point Bach makes is that most financial troubles can be solved by making better spending decisions. In this article, we’ll look at another way to “automate” yourself to success. One common “Latte ...Using Bribes and Threats To Get a Good Credit Account
Yes, you read the title correctly. If you need to add a good credit account to your credit report (and the only way you can raise your credit score is if you have some good credit accounts), you can try using a bribe to get one. And , yes, this is legal to do! The best place to start when trying to add a new credit account is your bank. Go in and ...Need Cash? Try an “Income Blitz”
If you HAD to earn a bunch of money in a short amount of time, could you? Let’s say a friend, a family member, or maybe your pet had a life-threatening medical emergency and could only be saved if you were able to raise $2,000 in the next 30 days. Could you do it? Most people, if faced with that kind of emergency, would find a way to do this. You’d go to ...Is This Necessary? Evaluating Your Everyday “Latte” Purchases to Save Money
During World War II, when there was a nationwide program of gasoline rationing, there were signs posted along highways saying, “Is This Trip Necessary?” reminding people to not waste fuel. As we begin to get control over our finances, maybe a good sign to carry with us is one that says in bold letters, “Is This Purchase Necessary?” In his book, The Automatic Millionaire...The Half-n-Half Way to Improve Your Finances
With each new article, I hope I’m bringing you some new ideas and new ways of thinking. And hopefully you’ve begun to use some of the strategies that I’ve been sharing with you to improve your credit situation and get control of your finances. In future articles, we’ll be talking about earning more income, spending more wisely, building an investment portfolio, and buying a home, and how to best settle debts. That ...Why Standard US Savings Rate Calculations are Completely Wrong
During the current doom-n-gloom economic situation, where the entire economy is going to fall and everyone in America will soon be thrown out of their homes because of the collapse of our banking system, one statistic used to support this gloomy outlook is the abysmal state of the US Savings Rate. “Americans don’t save.” “Americans outspend their incomes.” “Americans have no self discipline.” And on and on the American-bashing goes. One ...Latest Articles
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