If you are struggling with lots of debt from a variety of credit cards or other consumer loans, combining that debt into one large consolidated loan can help you to get things under control. However, if you aren't careful, you can get yourself into an even worse situation than when you started. ... read more of this story»
If you've ever heard someone argue against the benefits of being frugal then you've heard the "I-don't-want-to-deprive-myself" argument. It's always the first one to come up. However much we might disagree, there is an element of truth to the deprivation criticism. A lot of times, being frugal means passing up something you'd like to have but don't really need.
Today I'll show you a couple of places where you can exercise your frugal muscle without coming anywhere close to depriving yourself. ... read more of this story»
So far we've looked at income, expenses, assets and liabilities, but what do these all add up to? Well, today we'll be looking at Cash Flow & Net Worth the two basic measurements of our personal financial health. By maintaining a positive cash flow and building a strong net worth you'll be securing your financial future. Understanding this will help us to unlock the secrets of wealth and financial independence. Let's take a closer look. ... read more of this story»
After discussing income, expenses, taxes and savings, what else is left to learn when is comes to personal finance? Today we are going to look at some personal finance heavy hitters: assets and liabilities. In simple terms what you own is an asset and what you owe is a liability. A liability is commonly known as a debt. If we look closer, however, we can see that some assets are worse than others. Also, some liabilities are better than others. Understanding what makes one asset or liability better than another can help us achieve financial success. Let's see how. ... read more of this story»
For many of us, the only way we know we are in rough financial shape is when we start having trouble paying the bills at the end of the month or when our debts just keep increasing instead of going down. For some, personal finance can seem like a complicated topic to grasp but it doesn't have to be. For others, personal finance seems simple but maybe you are overlooking some important concepts that could be helping you to escape the rat race sooner.
Over the next few weeks I'll be posting a series on personal finance concepts which should help demystify where your money is going and help you to regain control. This first article is an introduction to the key concepts of personal finance. ... read more of this story»
Do you ever get the feeling that you are trapped in your current job? Maybe you don't enjoy what you do and you feel you aren't getting paid enough to do it. I bet a little raise would help your spirits, but likely your boss doesn't see it that way. So what can you do? Well, you could start by giving yourself a raise. ... read more of this story»