Category: basic money rules

Investing 1.Invest in real estate.Relatively stable assets like rental properties, or potential development land in a steadily growing area is a good way to build wealth. As with any investment, there are no guarantees. Many people, however, have done quite well with real estate. Such investments are likely to appreciate in value over time. For … Continue reading Investing

Enrichment Through a Career 1.Excel academically.Whether it’s a four-year college or vocational training, some successful people pursue further education beyond high school. In the early stages of a career, your employers have little by which to judge you besides your educational background. Higher grades usually lead to higher salaries. 2.Choose the right profession.Look at salary … Continue reading Enrichment Through a Career

Reducing Living Expenses 1.Try extreme couponing. It’s one of the best feelings in the world when you can get paid to take home stuff you regularly use. If you do this right, you can actually get paid to coupon. At worst, you’ll save a few extra bucks that you can tuck away for a rainy … Continue reading Reducing Living Expenses

Saving Money 1.Pay yourself first.This means before you go and blow your paycheck on a new pair of shoes or a golf club you don’t need, put money aside in an account that you don’t touch. Do this every time you get paid and watch your account grow. 2.Make a budget (and stick to it).  … Continue reading Saving Money

Going Mortgage Free Refinance your home mortgage.   Refinance to a lower rate or to a 15-year loan instead of a 30-year loan. This way you only pay a few extra hundred dollars per month but you will save yourself much more than that in total interest.   For example: A $200,000 mortgage on a 30-year loan … Continue reading Going Mortgage Free

Tips Pay off your highest-interest bill first and then focus payments on the next highest-interest bill until you are completely out of debt. This plan will cost you the least in interest. An alternative method is to pay off the smallest loans first. This allows you to see progress being made by quickly eliminating some … Continue reading Tips, ticked

Eating healthy on a budget begins with tools for a healthy lifestyle. It’s time to rethink how you look at your weekly grocery budget and what you do with it. We’ll start with the basics, check your refrigerator and discard anything that has expired. Do the same in your pantry- take inventory and write a … Continue reading Simple Budgeting Tips – How to Feed a Family on a Budget With Healthy Food

If you’re like me, you probably wish you hadn’t wasted all that money all those years ago. Fact is, it is never too late to learn from those mistakes and even make up for some of that lost cash by seeking innovative ways to live on the cheap. That said, here are some ideas that … Continue reading Living On The Cheap: 20 Tips To Save Money

There are really just four simple rules to follow to be a smart shopper: 1. Use a coupon if at all possible 2. Go in prepared, have a list and have your coupons cut and ready to go 3. Match your coupon to a sale for the best possible deal, and when you find that … Continue reading Learn How to Shop Smart and Save Money!

With the economy still at a low, most people just do not have that extra cash stowed away for special situations. The average income for an American family is said to be around $30,437 per tax payer and has only increased about $59 over the last 40 years. Yet prices on everything else seem to … Continue reading Saving Money on Auto Repairs

Saving money isn’t easy, we know that, we’ve been through the struggle too. It can be even more difficult to save money if you’re living on a low income. Don’t worry, I’m going to show you how to save money fast while living on a low income!! A few years back, my husband, David, and … Continue reading HOW TO SAVE MONEY FAST ON A LOW INCOME

I know you just want to get to the meat of how to save money on gas, but let me just lecture for a moment. Petroleum products, including gas, are not going to become cheaper. One of the reasons for this is simply that they are limited and more and more people are competing for … Continue reading 5 Major Ways to Save Money on Gas

It is now considered “normal” to live paycheck to paycheck. This leaves no room for error, or in the case of a surprise bill, is a ticking time bomb. We’re getting to be just one accident away from financial hardship. Most of the time that looming over our heads is a form of poverty in … Continue reading How To Save Money and Stay On A Budget

If you want to improve your financial outlook, you should track your money, and that includes both tracking where and how much you spend as well as tracking your balance. If you want to lose weight, you have to weigh yourself and track what you eat. It is a single action and a single choice. … Continue reading How to Save Money and Lose Weight

Stop me if you’ve ever been in this situation before… wondering how to save money and build real wealth. You’re at the kitchen table with a stack of bills next to you, armed nothing with a pen and a calculator, you attempt to make sense out of last month’s finances. Much to your chagrin though, … Continue reading Simple Ways to Save Money Fast (and Actually Build Wealth)

Everybody wants to save money, but if you need to do it fast, there are a few quick tricks that will help you manage your budget. To save money fast, you have to pay attention to how much you spend on transportation, groceries, and entertainment, as well as to make other small adjustments in your … Continue reading How to Save Money Fast

Save for your retirement. Although you might reason that you can just work until you die, this isn’t such a great plan. If you happen to become disabled, chances are high you won’t be able to work. And if you are able to work, you might not be able to work at your previous level. … Continue reading 1. Plan for the end

Live within your means. You’ve probably heard it hundreds of times, but it’s worth repeating. Following this rule will keep you out of a lot of trouble. If you like to flash your cash, you’re in for a really tough time when it comes to financial health. Nursing bad money habits that cause you to … Continue reading 2. Don’t spend like a billionaire

Emergencies happen. No matter how careful you are, something is bound to happen that could wipe out most or even all of your financial resources. This might be one of the most important financial rules of all, but many Americans are failing miserably when it comes to building an emergency savings fund. A recent Bankrate … Continue reading 3. Prepare for the worst3

While it might seem heartless, cosigning a loan could spell trouble down the road. When you add your name to someone else’s loan, you’re on the hook if that person doesn’t pay up. Do you really want that kind of responsibility hanging over you? Besides the responsibility, also know cosigning a loan will increase your … Continue reading 4. Don’t cosign a loan

If you’re like most Americans, you’re probably among the 174 million who have at least one credit card. You might think you’re doing OK by paying your bills on time and in full each month, but that isn’t enough. If you want to have excellent credit, it will be necessary for you to actively manage … Continue reading 5. Closely manage credit

Don’t be shy when it comes to your money. Those who know how to negotiate always come out on top. This is especially true when it comes to major purchases, such as a home or car, or when it comes to salary. Surprisingly, only 38% of millennials negotiate their first salary, according to a NerdWallet … Continue reading 6. Negotiate

At some point, a friend or family member might ask you to borrow money. Although you want to help out, it might not be the best idea. This is especially true if you’re experiencing financial difficulty. Your best bet is to treat family loans like a gift. There’s a chance you might not get your … Continue reading 7. Be cautious about lending money