Archive for Financial Planning

Sometimes the Best Budgeting is Buying More

How often do you hear someone advise that spending more money actually saves money?  Not too often.  But how often, in the realm of personal finance, is this true?  Almost always. Shoppers around the world have a bad habit of making some of the worst personal finance moves.  The first is to live above your means, spending more than you can

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Running a Family Budget Like a Business

A family budget is something everyone knows they should have, but rarely do people ever take the step to actually design one.  Then, those who do create a budget just move numbers around, never taking the time to fully understand how to best operate their own personal cash flow and balance sheets. The key to success for any business is to

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Changing Your Credit Lifestyle

You can change your credit situation around if you have bad debt and problems with your finances.  To retain good physical health, you need to have a healthy lifestyle.  The same is true of good credit health.  You need to have a good credit lifestyle and healthy spending habits. Credit Accounts In order to change your credit lifestyle, you need to

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Creating a Balanced Investment Portfolio

A balanced investment portfolio is one that provides you with the maximum profit potential while staying within your investing time frame and risk tolerance. This varies a lot from one person to the next based on such factors as income, age, and personality. You should create an investment portfolio that matches your financial targets. Your Risk Tolerance and Your Investment Strategy Your

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How to Save Money

In an economy that is constantly getting tighter, a consumer must find ways to cinch the belt and save money. The question most consumers are asking is “How to save money?” There are plenty of ways to save a few pennies here and there. Whether it’s making changes in lifestyle to save over the long haul or choosing less expensive options

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Personal Finance: Vital to Financial Survival

It is important for consumers to have an understanding of personal finance. Many consumers, especially around the holidays go hog wild and spend money that they do not have. Credit cards have become a huge crutch for millions of Americans. The problem with credit cards is that each purchase that is made incurs a finance charge. For example a fifteen percent

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Five Types of Budgeting Methods

Budgeting is an essential part of your financial health – and should be completed by ever individual, every family to ensure that the finances are being met head on with honesty. There are many types of budgets which you can choose to adhere to – here are some methods that have worked for many consumers in the past. Envelope Budgeting Envelop

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Fighting Your Debt through Expense Control

You will never tame your debt monster without implementing some type of expense control. In fact, you should work to implement expense control even before looking into ways to increase income. This is because measures to implement expense control can serve to increase your disposable income which can then be used to reduce your debt. Let's look at some of

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Credit cards for students

The budget is small, but the plans are great! Most students see their studies not only themselves but also the period of study in itself as an investment: Preferring many trips abroad, internships and an expensive laptop for most students are now obvious. But because all this is not exactly cheap. In each case to something more financial leeway to create

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Effective Ways to Erase Bad Debt

Buying new clothes, shoes, and gadgets definitely sound like a very enjoyable past time --- but not so, when you are using a credit card for this past time and are paying a very high interest for such purchases. If you feel happy after making new purchase, you will not feel as blissful afterwards so much so if you can

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