Tag Archive for money

How to Budget – Step 1 – Where Does All My Money Go?

January 10, 2012 / / No comments

Budget, budgeting, money, money management, saving, expenses, income, Roth IRA, 401k, 401(k), 529, Mint.comTHIS IS NOT going to be one of those “how-to” examples where you’re told to record ever purchase you’ve ever made. Doing that accomplishes NOTHING but wasting a lot of time. Besides, Mint.com can already do this for you automatically. I’ll have more on that later in this series.

Instead, look back through your checkbook from the past few months. What were your MAJOR expenses? Make a list of them. I highly recommend using Microsoft Excel if possible. And yes, there will be a link to the template we create throughout this series at the end.

Here are a few examples:

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Category: Savings & Budgeting / Tags: , , , , , , ,

How to Budget My Money – Introduction

January 9, 2012 / / 3 comments

How to Budget My Money, money, money management, expenses, income, Roth IRA, 401k, 401(k), 529, Mint.com

Creating a budget is one of the single best financial actions you can take for your household. Once you have your goals and priorities straight, the next step is to learn how to manage your money.

Setting a budget is something that has to be done even before you learn how to invest your money. Why? Because all the income in the world won’t make you any richer as long as you’re spending more than you take in.

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Category: Savings & Budgeting / Tags: , , , , , , , ,

When Is the Best Time to Start Saving for Retirement?

January 6, 2012 / / No comments

saving money, retire, saving, compound interest, money, 401(k), retirement, pension, richOnce you have your reasons for saving money and your motivation to one day retire, there’s only one thing left to do:

• Start saving today!

Why?

One simple reason: The effects of compound interest. Simply put, when you save your money, the effects of compound interest cause your money to grow far beyond anything you could have ever saved on your own. See for yourself:

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Category: Retirement / Tags: , , , , ,

Book Review: “Your Money Ratios: 8 Simple Tools for Financial Security at Every Stage in Life” by Charles Farrell

August 24, 2011 / / No comments
Click the image to visit Amazon.com

Most financial books tell you come up with a retirement goal and to save towards it. Period. But have you ever wondered if you were on the right track? At 30, how much should I have saved for retirement? What about 40, 50, etc? What about debt, savings, etc.? Where do I stack up against my peers?

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Category: Investing & Retirement / Tags: , , , , , , , , , , , , , , , , ,
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