Most people don’t intend to be in a poor financial situation, it usually is a combination of misfortune and poor financial habits that lead them towards financial distress. There are a few behaviors that can be the foundation for a better financial outlook and mastering the basics will pay dividends your entire life.
The last few days have been serious holiday shopping days and the frenzy of activity could have caused you to lose track of your financial situation. If you find yourself over your holiday budget don’t worry, there are a few ways to cure the Black Friday financial hangover.
A lot contributes to being financially sound and healthy, but there are essential money habits that help put you on the right path. Start with these basics now and grow your financial savvy from here.
While many entrepreneurs focus on how they can quickly increase sales, it is equally important to look for strategies that will help lower expenses. By lowering certain expenses, you can then use the available money towards other areas of your business. Whether you are a new or experienced business, here are three items to consider to maximize savings and grow your bottom line.
It may sound scary at first, but doing a regular budget check-up can be both easy and extremely beneficial. We want to give you four simple ways you can review your numbers to conduct your own budget check-up. You’ll take a look at your debt, emergency savings, net worth, and discretionary spending.
Having a financially responsible teenager starts by having money smart pre-teens. Fortunately the basic skills to teach your pre-teen that will put them on the path to being a financially responsible teenager are relatively simple to teach. Kids as young as 8 can often start learning these skills.
Disputes about money continues to be cited as the number one reason that couples in committed relationships have troubles. Often times these problems could have been avoided if the couples actually talked about money. Only a few subjects really need to be broached by couples to have an effective long term relationship as it relates to money issues.
It never hurts to have a few goals in mind as you approach various age milestones. For example, before you’re 30, you should be maximizing employer benefits like a 401(k) plan. But what are the financial goals you should think about before you reach 40? Here are a few areas you may want to consider.