moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: Budgetting
Budget For This
Disability insurance is the forgotten disaster protection. While disability insurance is crucial to security while you are working the statistics show that fewer people are opting in. Forbes recently published an article about it. There are important points relating to employee benefits. Individually owned… Continue Reading “Budget For This”
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Better Budgetting
Have you become anchored? Quite likely you have. Anchoring is a well know subject in psychology and we are all affected by it. Worse still, we are all affected by it even if we don’t know that we are. Sometimes we anchor to completely… Continue Reading “Better Budgetting”
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Managing The Cap
Cowboys owner Jerry Jones: “Free-agency busts hindered Super Bowl chances” Jerry’s problem is just like yours. Previous commitments limit your ability to accomplish what you would like in the future. The headline was atop a recent Sports Illustrated story. NFL teams, like the Dallas… Continue Reading “Managing The Cap”
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Buying A Used Car
There are two clear ways to go about solving the car ownership format question. New or used. Each has its own cost structure. Consider the total cost of ownership either by year or by the mile. Total cost of ownership includes the capital consumed… Continue Reading “Buying A Used Car”
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It Is Time To Think About Your 2014 Budget.
Benjamin Franklin understood the purpose of budgeting. Focus on the important, but notice the trivia. “Beware of little expenses; a small leak will sink a great ship.” Budgeting is like packing the car for a long trip. Some things need to go in the… Continue Reading “It Is Time To Think About Your 2014 Budget.”
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What To Do Until The Financial Planner Comes – 2
There are things you can do until the financial planner comes that are more complicated than the Stage 1 things we talked about yesterday. But you can still do them without assistance. Stage 1 is about controlling the link between time and money. Managing… Continue Reading “What To Do Until The Financial Planner Comes – 2”
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When Does Financial Literacy Begin?
Financial literacy is a multifaceted skill and a parent should begin to build it in their children as soon as they are able to understand the concept of barter. After all that is what money is about. You trade your skills, time and effort… Continue Reading “When Does Financial Literacy Begin?”
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Living Out Of Your Bank Account
The sub-prime mortgage crisis in the United States points out several things. We know many of them but there are two that are not often publicized. Even now, they can give you an early warning of impending financial danger. When bad things happen, everything… Continue Reading “Living Out Of Your Bank Account”
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On Personal Budgeting
A personal budget is a financial plan that covers a short period of time. Typically a year, but there is nothing sacred about the time period. It is quantitative and it relies on limits. Two limits. How much will you spend, and how much… Continue Reading “On Personal Budgeting”
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Life Insurance Lets You Die Neat
Will Rogers once said that, “Just because a thing is common sense, does not mean it will be common practice.” Not much has changed in the 80 years since. As an example, the most valuable asset most people have is the ability to earn… Continue Reading “Life Insurance Lets You Die Neat”
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