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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

Happy Holidays!!

December 30th, 2014 Posted in Business, Savings Tips

Time to get financially ready for the new year. From a fortune cookie “the architect of your destiny is your self” so create a plan that works for you. Start by knowing where your money goes!! Use paper and pen or something on your computer what ever works for you. You can always change your tracking system what is really important is just do it. Most people don’t plan to fail they fail to plan.

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:

Market Volatility

September 29th, 2014 Posted in Business, Finance Tips

stock-market-apps-for-ipad-iphoneOK it looks like we are going to get some volatility in the stock market. I hope everyone has their wish list, a list of stocks, etfs, or other products that you would like to own if only the price was right.

Keep an eye on the market and you just might get your wish with the right price. Don’t forget you can buy with a limit order and you do not have to buy or sell every thing at once. You can get in or out of the market in steps rather then just jumping off the cliff.

Money Clutter

September 24th, 2014 Posted in Business, Finance Tips, Savings Tips

Don’t get bogged down in clutter…..Have a system for keeping track of your spending. Don’t forget to pay bills it will cost you in more ways then you can imagine. Some bills can be automated through your bank, other times you can get reminders sent to you either from your calendar or through e-mail. Sometimes just keeping a list with paper and pencil is best. Do what ever works for you. I use what ever works best for that bill.

Michele

If you do have clutter, why not get money for it!  Here’s a Facebook page setup to help you do just that…

https://www.facebook.com/pages/Money-For-Clutter-Com/210371549003616

Financial padding

September 10th, 2014 Posted in Business, Finance Tips, Money Saving Tips

butterflyanimation-14If you are thinking about a major purchase that will have to be paid off over a few years, be very careful about predicting your future income. As Forest Gump said “life is a box of chocolates you never know what you might get.” Emergencies happen and just when you think it can not get any worse it does. Give yourself a cushion with lots of financial padding.

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