Archive for the ‘Family Finance’ Category
7. Have no more than 3 credit cards.
You should have no more than three credit cards, one for the holidays, one for emergencies and other major purchases (TV, furniture, etc.). The fewer credit cards you have, the easier it is for you to handle them.
8. Pay faster the card with interest.
If you’re trying to get out of your credit card debt. Focus on you first pay the charge a higher interest rate or you are over your limit, so make sure you pay less interest. Remind yourself that you should always pay at least the minimum of the other, but try to put as much money to have the highest interest. And call the company to give you a better interest rate.
9. Do not make unnecessary purchases
If you want something you can not pay cash think first of the value that this article will give your life. The credit card is a double edged sword and you can be selling your soul to the devil if they make a purchase that can not pay (and some not really needed.)
10. Leave a comment.
This command is important. It is easier for us humans to do things if we have an example. So if you use this technique (or any) would be great to know what you think works and what not. So do your part, and finally we will have a beach.
One of the reasons why people now are more in credit card debt in recent decades, in my experience, is how easy it is these days to buy them and how convenient it is for people to the minimum payment. For that reason we should put more emphasis on establishing a system of rules that would help us not end up paying hundreds or thousands of dollars in interest in things that ultimately might have been unnecessary. Before thinking about using your credit card again, I want you to take into account these commandments to be able to live a healthier life with less debt. These are my suggestions:
1. The credit card is not free money, a loan is your enemy.
For some reason we believe that the money we have available on a credit card is money we can freely use. This should not be. Each time you use the card means a loan of your worst enemy if it ends without pay may prevent all your dreams come true (like buying a car or a house).
2. You should not use the card for everyday expenses.
Never use your credit card to pay for everyday things like your lunch, gas, breakfast, etc. The reason why you should not do is simple, when you use your cash or your debit card you consider your budget, if you charge a credit card to stay for the next month, and you have to pay interest on the sandwich (sandwich , cake, pie) that you ate last November at lunch. This does not apply if you pay all your living expenses at the end of the month and only use it to collect points.
Where the money goes? Keep in mind if the money is fixed, or change month by month when you make your plans. For example: if you are working with committees that your income can change from month to month, in this example you could put an average number.
Expenses:
The costs are divided into two things: The needs and expendable. If something is essential as food, transportation and shelter, there are very few changes you might make. However, things like outlets, services, etc. could reduce or expire. Remember that the primary should be spending your savings (at least 10% of your income).
The budget formula is:
INCOME – EXPENSES = PURCHASING POWER
If your purchasing power is negative it means you have to make adjustments. If purchasing power is positive you should take the remainder and save it. The rule of the game is to get you in positive or zero. You can use a program like Microsoft Excel to help you with your calculations.
If you have Office Excel 2007 can use this table is very useful for your budget:
Monthly Personal Budget
A budget is a financial tool that is extremely important to the economic progress of a person, family, organization, company, government, etc. On a budget you can project with some accuracy the costs and revenues that could happen in a defined time.
It is very important to different budgets for each of the stages of life which consist of expenses, as may be the home, family, holidays, going to the cinema, meeting with the bride and more. The budget is your plan to make sure you only spend what you have to spend, and to make adjustments where necessary.
When a person wants to start saving or paying your debts the first thing you have to do is decide how much money is available for one or the other. The budget is just a simple description of the money coming in, and as it comes. To create a budget just have to define:
The Department of Labor United States published this report on women and retirement savings :
Planning and saving for retirement may seem far into the future goals. However, the savings, special mind for retirement should start early and go to 10 over a lifetime. Here are four reasons why savings is important for women – And especially for you!
Did You Know?
* Which of the 60 million women who received wages in the United States to June 2002, only 47 percent participated in a retirement plan. Remember, even small amounts can earn interest and accumulate over time.
* Which is more likely that women “have part-time jobs that do not qualify for a retirement plan. And, unlike men, are more likely than working women leave their careers and take care of family members, work fewer years and contribute less to retirement. If you work and you qualify, join a retirement plan now.