WholeSum News & Notes

Notes, facts, local events, and more!
Home » Business » Archive by category 'Finance Tips' (Page 2)

A Good Read!

April 23rd, 2015 Posted in Business, Finance Tips, Money Saving Tips, Savings Tips

booksI just finished reading a book that many people might find useful “Start Late Finish Rich” by David Bach. It is a little dated in parts but an excellent read. It has lots of practical advice on ways to save and stay on the right track to your goal. My next suggestion is Morningstar.com, I was checking my portfolio and found that the my view has 35 different facts that you can pull up. If you have not been to the Morningstar site lately check it out. It is Morningstar.com scroll down to portfolio manager then my view

Ask about fees!

February 9th, 2015 Posted in Business, Finance Tips, Money Saving Tips

business-time-11291126308C1YWhen opening an account at a financial institution we should always ask about fees. Don’t be like me and forget about fees to close an account when you no longer need it. Check fees to open and close plus any fees you may incur on a monthly or annual basis. This from Jim Pearce “How we respond to the fear of the unknown is more important than attempting to know it.”

Something New

January 20th, 2015 Posted in Business, Finance Tips, Money Saving Tips, Savings Tips

changeSince this is the beginning of a new year why not try something new. Automate your saving and investing, this way you will not miss what you never had. Have a given amount transferred on a specific day of the month from your checking to savings, or an investment account. Perhaps change a deposit from checking to savings. If you still work and draw Social Security have the Social Security check deposited to a savings account, if you desperately need the money you can always with draw just what is needed.

Time to think

January 7th, 2015 Posted in Business, Finance Tips, Savings Tips

business-time-11291126308C1YDo you know where the majority of your money went last year? If not, maybe a ‘where did it go sheet’ would help. Using either a computer or paper, create a sheet with columns and very broad categories. Then whenever you spend, money write it down on the sheet. Then at the end of the year (or month even) you will have a general idea where your money went. For detailed instructions on how I do it email me at chel106638@yahoo.com

Holiday Spending

November 4th, 2014 Posted in Finance Tips, Money Saving Tips

presentOkay, it is the beginning of holiday shopping season so beware of the commercials. Don’t overspend! Make a list and try to stick to it. Layaway can be a great way to not be in debt after the holidays. Just remember when your list is complete stop shopping, relax and enjoy time with family and friends!

Don’t let volatility rattle you.

October 28th, 2014 Posted in Business, Finance Tips

snowball_downhillIf you invested in good companies and they are still good companies hang in there remember if you sell that is a decision and then you must decide when and at what price to buy. Growing a portfolio takes time, time in the market not out of it. Reinvest those dividends and watch your portfolio grow like a snowball rolling down hill.

Scary Market

October 14th, 2014 Posted in Business, Finance Tips

business-time-11291126308C1YOK yes the market is acting scary but don’t panic! Just consider it a sale where you might get a good buy on something you have been wanting. Yes tomorrow it might be cheaper but then again it could be more expensive. We don’t always get to buy what we want at the lowest price but with proper research a fair and reasonable price.

The Simple Dollar

Our work has been carried by some of the country’s top media outlets, including Forbes, CNN, and US News & World Report. We recently published a free online guide to financial independence for women that I believe has a lot to offer your members and others in your local community.

Our guide is designed to provide women with a thorough, step-by-step introduction to securing and maintaining financial independence. We worked hard to produce a guide that introduces all the basics while also delivering expert insight and practical budgeting, spending, and saving tips that women can use to make a real difference in their financial lives. I think our guide can serve as a valuable resource for club members, while also aligning closely with your efforts to improve your local community.

Take a look at our work here: <http://www.thesimpledollar.com/guide-to-financial-independence-for-women>

We start by introducing the special challenges that many women face when it comes to building a strong financial foundation. For example, the average woman spends 12 fewer years in the full-time workforce than the average man, primarily due to child-rearing responsibilities and a greater reliance on part-time work. Women also enjoy a longer average life expectancy than men, creating a greater need for savings to fund a longer retirement. These and other challenges mean that women must take special care to begin laying the groundwork for true financial independence as early as possible.

Our guide – which is completely free and instantly accessible to anyone – then goes on to cover the basics of cash flow analysis and household budgeting, two fundamental skills that are critical to maintaining financial independence over the long run. We also break down the key strategies women can use to deal with debt and save for retirement successfully.

Jump to the section of our guide that details saving strategies here: <http://www.thesimpledollar.com/guide-to-financial-independence-for-women/#step-4-save>

While this guide is one of our newest productions, universities and professional associations are already linking to it and our other guides as trusted resources. Here are some examples:

WholeSum News & Notes is a service of WholeSum Connection