We all flip between believing that America leads the world at everything to thinking our nation lags behind foreign powerhouses in every way. Regarding financial literacy, we’re solid in the top five – but far from best.
Making more money is not a necessary step to achieve your goals. If you truly wish to save more, you have to know how to identify a want in disguise of a need.
We’re not perfect. We’re all guilty of one financial mistake or two, whether it happened yesterday or years ago. How do you shake off these money blunders and bounce back? With some honesty, reflection, preparation and a touch of class.
I made my fair share of mistakes in life, and although financially conscious, I had missteps on the money front, too. I still remember those feelings of anxiety and disappointment when I realized I messed up.
Dwelling on past failure doesn’t help you. Follow these steps I learned from my experience to come out from a bad financial error:
Some believe the key to financial success is frugality. The problem is you probably don’t want to live like a college student for the rest of your life. Yes, you do need to find sustainable ways to save more money. But the way to reach success is twofold – you also need to earn more.
Getting your finances organized in the first place is hard enough without constant saving, managing and scrutinizing every bank statement. Yes, you need to have a plan. But you also need to relax.
Organization, efficiency and discipline are the three primary steps of financial planning. Organization is knowing where your money comes and goes. An efficient portfolio means a better chance of profits, and discipline keeps you on the right track.
Much like getting in shape, losing weight or working out more, living a healthy financial life is easier said than done. If you’re like many people, finances may overwhelm you. How do you replace the fear with a roadmap and resources to start you building your plan?
Extracurricular activities can help your kids grow far beyond book learning in the school years. Getting the most out of after-school or weekend fun and games, though, means sharpening how you control both the time and money you expend.
However much you make or save now doesn’t promise you a bright financial future. Life is unpredictable. Follow these 10 tips to prevent you and your family from money troubles.
Paying off debt is a team effort once you are married. If you and your partner have debt on your hands, sit down and honestly discuss how to deal with it together.