Apr
27
2010
I remember being a teenager, and not knowing a lick about savings, credit cards, or anything else involving money for that matter. All I know is that I had a Calvin Klein sun glasses box where I stored all of my hard earned cash, and hid it under my drawer so I could take it out every week to count, and pretend like I was balling out of control. In my 1st year in college, I didn’t know how to write a check, understand anything about budgeting, or the importance of credit. I finally talked to my older sister and at 18 years of age, I finally received a crash course about everything from writing a check, credit, which then led me to open my first checking account. If you have any younger siblings, cousins, nieces, etc, I am pretty sure they are on the same boat.
When I was in high school, I learned about Shakespeare and about right, acute, and obtuse angles, but never anything about real life issues like credit or budgeting. Read more »
Feb
10
2010
We all have goals and aspirations in regards to our money. Whether it is to buy a house, save up for a business, thinking about marriage, or buying a new car, one thing is constant; we have to make good decisions if you want to make them a reality. I would say, one of the most important time is our twenties, because what we do now shapes our future, and determines how easy or hard it will be.
We might not make all the greatest decisions in our twenties, because we are still learning, but it is very important to stay away from pitfalls, that can have a long term effect. One of the most important things that I try to do is seek out advice from individuals who have experience, and who are doing well. I like to enjoy the present, but I also like to keep an eye on the future, and not just live for the moment. I hope YP’s can get some helpful advice from this article. But the most important thing is to stay patient, research, and do your best to make the right decisions, because if you do, then everything else will take care of itself.
Read more »
Oct
06
2009
The phrase “pay yourself first” has become increasingly popular in personal finance and investing circles. Instead of paying all your bills and expenses first and then saving whatever is left over, do the opposite. Set aside money for investing, retirement, college, a down payment, or whatever requires a long-term effort, and then take care of everything else. Read more »
Sep
22
2009
YPJimH says: Recently, I’ve been really thinking about my money, and how to maximize it, to secure the best for my future. Budgeting is a very essential part to being successful with your money. Like the old adage goes, “If you fail to plan, then you plan to fail.” Even though most of America is in a tough spot, it is necessary to do what you can, to secure your money. Budgeting is definitely one very important tool in doing so.
By MSN Money Staff
Budgeting isn’t a punishment for not being born wealthy.
It’s an avenue to know where your money goes and help you reach your financialgoals
, whether it’s a new home, a comfortable retirement or just making it to your next paycheck.
When all is said and done, you simply can’t spend more than you make, at least not for long. Read more »
Jul
29
2009
| You |
|
|
|
Shared Bills |
| Income |
$ 2,000.00 |
1-Aug-09 |
Confirmation Number |
|
| Expense |
$ (300.00) |
Car Note |
|
|
| Expense |
$ (80.00) |
Phone Bill |
|
$ 160.00 |
| Expense |
$ (75.00) |
Car Insurance |
|
|
| Expense |
$ (75.00) |
Food |
|
$ 150.00 |
| Expense |
$ (200.00) |
Student Loans |
|
|
| Expense |
$ (50.00) |
Gas |
|
|
| Expense |
$ (25.00) |
Credit Card A |
|
|
| Expense |
$ (40.00) |
Credit Card B |
|
|
| Expense |
$ (200.00) |
Petty Cash |
|
|
|
$ 955.00 |
Net Income |
|
|
|
|
|
|
|
|
|
|
|
|
| Income |
$ 2,000.00 |
16-Aug-09 |
|
|
| Expense |
$ (450.00) |
Rent/Mortgage |
|
$ 900.00 |
| Expense |
$ 62.50 |
Utilities |
|
$ 125.00 |
| Expense |
$ (75.00) |
Cable |
|
$ 150.00 |
| Expense |
$ (50.00) |
Gas |
|
|
| Expense |
$ (25.00) |
Credit Card C |
|
|
| Expense |
$ (30.00) |
Credit Card D |
|
|
|
$ 1,432.50 |
Net Income |
|
|
A lot of Youngprofessionals have issues with their finances which can lead to bad credit and making bad decisions with their money. Trust me, my credit is far from perfect and I have definitely mismanaged my money a time or two which has resulted in forgetting to pay bills or having to decide what bills to pay and what bills not to pay, which will more than likely cost you more in the long run but this is what happens when you mismanage your money. Also, I use to wait to the last minute to pay my bills which isn’t good because you leave room to spend bill money on something other than a bill. I came Read more »
Jul
27
2009
Whether a newbie or seasoned budgeter, nearly everyone has spending holes — leaks in your budget that drain money with you hardly noticing.
These small drips can add up to big bucks. Once you find the holes and plug them, you’ll keep more money in your pocket. That spare cash could be the ticket to finally being able to save, invest, or break your cycle of living paycheck to paycheck.
Here are 20 common ways people waste money. See if any of these sound familiar, and then look for ways to plug your own leaks.
Read more »
Jul
10
2009
My son is graduating from college this weekend, and that has me thinking about things young people should know when mom and dad cut the purse strings.
Over the years, I’ve tried to teach my kids the basics about being good consumers, such as living within their means, safeguarding their financial information and understanding that just because people have a lot of things doesn’t mean they’re rich. “It means they spend a lot of money,” they’ve heard me say a thousand times.
Read more »
