Tag Archives: personal finance

Rethinking These Eight ‘Normal’ Behaviors Can Save You More Than $100,000 | The Simple Dollar

Here are eight behaviors that are all but taken for granted in American culture — all of which are potentially expensive. Before you blindly follow the presumed cultural custom, it’s worth at least giving each some thought and deciding whether it’s truly a priority of yours – or just something everyone else seems to be doing.

Some or all of these might be really important to you, things you feel are well worth the money — and that’s fine! At least you’ll have come to that decision mindfully.

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How to Kick Your Bad Money Habits | Gen X Finance

How to Kick Your Bad Money Habits

bad money habits Have you ever had to say I’m Broke? Well if you have this is for you. You’ve got money problems and you can’t figure how to crawl out of the hole you’ve dug for yourself.  The bills keep stacking up and try as you might to pay things off, your bank account is going further and further in the red with each passing day.  You just cannot seem to find a way to pay your bills.  What can you do to kick your bad money habits once and for all?  Hire a company to consolidate your debt into one easy payment?  Go on a spending detox? Although each solution provides positive outcomes, you need to build a better relationship with your finances not just bandage the crack in your piggy bank. Here are some tips that will help you kick your bad money habits once and for all:

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How Entrepreneurs Can Manage Their Personal Finances | Allbusiness.com

Compared to other workers, entrepreneurs tend to enjoy an advantage in financial literacy. The know-how required to invest, organize, and save funds for a business often applies well to personal finance management, so these individuals run a “tighter ship” at home.

But this isn’t always the case. Business owners can lose their way financially by going to one of two extremes: Tying their personal finances too closely to their business resources, or running their personal finances quite differently from how they manage company money.

An unbalanced approach in either direction can lead to financial difficulties in the form of squeezed budgets and damaged credit. On the other hand, entrepreneurs who can strike a middle ground between these extremes enjoy greater financial security and success in their business and personal lives.

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The Next Step After a Mistake | The Simple Dollar

I’ve messed up many, many times along my financial journey. I’m willing to bet you’ve messed up a time or two as well.

I’ll spend too much. I’ll forget a bill and have to face the consequences of the lateness. I’ll try to adopt a new positive habit and then find myself slipping in my diligence with that habit.

Whenever I find myself making a big financial mistake, I feel a ton of regret. I’ll usually find myself wondering whether or not I’m a failure and whether or not I’m actually going to be able to continue on a better path.

Can I do this? Can I really do this?

This is a thought process that I’m far from alone in going through. Almost everyone I’ve ever talked to who has challenged themselves to make a life change has made mistakes along the way, mistakes that left them second-guessing the whole process. They’re left with guilt and doubt and a sense that this whole thing might just be a failure.

It’s not a failure.

Mistakes are a normal part of anything new that we take on. We are not perfect. We make mistakes because we’re trying something different than what we’re used to.

The real challenge is to learn how to handle those mistakes and turn them from being setbacks into being tools for success.

For me, there are three powerful tactics for moving on from a mistake.

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7 Big Money Problems and How to Solve Them | genxfinance.com

Building wealth is a part of the American Dream. We’re told that through hard work and seizing opportunities we can lead successful, healthy, and wealthy lives. But building wealth isn’t important just for the sake of having money. In fact, it’s almost a requirement these days if you want to fully retire at some point. Social Security won’t provide much of a retirement. Your kids may not be able to afford college on their own, and there’s a good chance that health care costs can wipe out even a decent nest egg during your golden years.

Since building wealth is so important for our future why is it that most people still find themselves under a mountain of debt or end up retiring broke and unhappy? It isn’t just luck. Sure, in the game of life luck does play a part, but most of the outcomes in life are directly attributable to the choices you make and financial decisions are no different. If you make smart decisions with your money your odds of success lean in your favor. Make poor decisions and you put yourself behind the 8-ball. Here are seven of the biggest money problems and mistakes most people make and if you can avoid making these mistakes you’re on the fast track toward building wealth.

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The real reason you’re broke | Squawkfox.com

If you’re broke, please don’t email me to whine about it. I know money sucks when you’re stretched to the limit. I know buying a house is expensive. I know credit cards can be devices of torture masquerading as shiny pieces of plastic pleasure. I know buying quality foods can cost more than buying processed crap. I know that digging oneself out of a pit of dark debt seems insurmountable. I know that school is expensive and paying back that massive student loan is difficult, especially when your degree pays peanuts. I know life is hard. I know being single is expensive. I know being married is expensive. And there’s no doubt that getting divorced can be a drain too. I don’t have kids, but I hear they ain’t cheap either. Yes, working two (maybe even three) jobs is exhausting. I haven’t been all of these things. Maybe you have. But on the surface all these reasons for being broke are just the result of a much bigger problem. So if you’re ready to stop complaining about life’s circumstance, then here’s the remedy — the real reason why you’re broke.

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Oil Change Every 3,000 Miles Necessary? Not! | genxfinance.com

If you have a vehicle that was built after the 70′s or 80′s you are more than likely throwing money down the drain if you are getting your oil changed every 3,000 miles.

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