Signs You Are Poor And How To Fix It

Are You Throwing Your Money Away?

The fastest way that people go into debt is by throwing their money away. What I mean by this phrase is useless spending. You probably don’t think that the way you spend money is wasteful, and for you it might not. But I see a lot of spending as wasteful, and I’ll share two forms of what I consider “throwing money away”.

How to Pay Off Your Debts Faster Than You Thought Possible

So you’ve taken the plunge and decided to pay off your debts – congratulations. You’ve decided on how much extra you are going to pay off in a month, now, surely, it is just a case of dividing your debts by this extra amount and you will be able to determine how long it will take to have them all paid off completely. Mind you, often this can be quite a frightening number – it takes a lot longer to pay those debts off than it did to create them! But wait, it can be done much faster then you thought possible – you have not accounted for the snowball effect. Furthermore, you haven’t accounted for that snowball effect turning into an avalanche!

Be Money Conscious

The first step to successful money management is becoming money conscious. Being money conscious is a skill that you must learn. Think of it as walking. Walking is essential to life, but we don’t learn it right away. But once it is learned, it is never forgotten. The same is true with money consciousness. We aren’t born with it, but once learned we will never forget it.

Don’t Spend Tomorrow’s Money Today

Spending money you don’t have on things you don’t need is a surefire way to going into poverty. Sadly, this is the number one way people go into debt, they spend money that they don’t have on things that they don’t need.

I Bonds: A Great Gift to Children and Grandchildren

As with Series EE savings bonds, I Bonds can be owned directly by minors, whereas other assets, such as stocks and real estate, must be held in trust. This makes them a great gift for children and grandchildren. As with savings bonds, I Bond proceeds used to pay for college expenses are exempt from federal tax, assuming the owners (and their expenses) meet certain criteria.

Lost Innocence

Our parents and grandparents needed little financial education in order to preserve their wealth. They could deposit their money in a savings account and earn a reasonable amount of interest and at least keep pace with inflation. Now, interest rates are so low and inflation is so high that you are actually losing the real value of your money if you leave it in a savings account. You need far more financial education than they did in order to even preserve your wealth, let alone grow it.

Do I Really Need A Cash Advance or Can I Budget Better?

Are you being honest to yourself when you choose a cash advance online in order to pay for concert tickets? Maybe you buy them using a credit card instead. A cash advance is a fast payoff, and the credit card debt can last a lifetime if you want it too. What can you do to be true to yourself when it comes to your finances?

Don’t Work Like A Payday Loan Lender – Check Your Credit!

You pay your bills on time, you earn sufficient income, and then why are payday loan lenders the only ones willing to work with you? It is time to do some detective work on your own and find out why other creditors are steering clear from your applications. Most often, the answer can be found right within your credit report.

How to Create a Useful Budget

Do you save first or spend first when you money comes in? I will share with you my knowledge on how to create a useful budget for your personal use. The habit of the rich at heart will always save first. To make your budget work, you must, again I say, you must be disciplined.

Where To Earn Extra Cash – Couponing

TLC’s show Extreme Couponers has taken the world by storm, and is more popular than ever in today’s economy. By couponing, you are not earning an income per say, but you are removing some of the strain from your salary. Some people walk out with 100%+ savings, with $50 or more on a gift card, because the value of the coupon is greater than the cost of an item on sale. This takes years of experience and dedication, but it is possible to do with a flexible store policy and some know-how.

The Biggest Barrier to Achieving Financial Freedom

Financial freedom may become an elusive goal, if we are not focusing on one of the most important aspects of our life: Our Health. We can’t do anything about our past, but we can take steps to improve our future. And we need to begin Now by focusing on our health!

Is Your Personal Pension Pot Large Enough For Your Retirement?

How do you know whether you will have enough money to live on when you retire? There are three big questions you should be asking yourself…

Credit Debt – Should You Be Paying More Off Each Month?

Whenever somebody talks about credit card debt you always hear those words “You must pay off more than the minimum each month”. But how are you going to do that when you struggle to even find that minimum amount? The advice is right. It’s obvious! How else could you possibly pay off your credit card debt if you don’t pay more than the minimum each month? The question is how do you achieve this without it affecting your life, without having to stick to tight budgets, without having to get another job and without having to sell everything you own? Contrary to popular belief, there is a way!

Proven Way to Build Wealth: Pay Yourself First

What is one of the major keys to building wealth? Pay Yourself First. This is a very important step in the process to financial security.

Setting Up Your Emergency Savings Fund

How and where do you start saving and managing your money? Your emergency savings fund will likely be the first place for you start.

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