Tag Archive for make a budget

Tips to Develop Your Money and Your Life 

September 20, 2021 John Uncategorized No comments

Money is at the center of so many of our problems. Too many to mention here. 

What’s worthy of mention is ways to deal with this, and GenuLines is right on the money with help for you. 

Tips to Develop Your Money And Your Life 

One of the biggest pressure points for families is that of financial stress. When yourmoney at man's feet financial house is in order the other parts of your life seem to falls into place.
 
For most of us financial planning was not a part of high school or college curriculum. No lessons on checkbooks or 401k’s or emergency expenditures.
 
Without balancing your life’s money issues it’s tough to have balance in other areas. Unfortunately, money controls much of our thought patterns, time, and worries.
 
Figure Out Your Spending Habits
Learn your financial patterns. Then have a sit-down money talk with your partner.
 
Do this whether you’re a spendthrift or a frugal financier.
 
The Spendthrift
If you have no interest in where money comes from or how to manage it, you’ll find that money will manage you. Spending more than you earn is never a good practice.
 
Sit down with your finances.
 
Figure out what’s coming in. What’s going out.
 
And keep the difference for yourself as spendable income.
 
It is that simple. Living above your means is something that you dont want to do, ever.
 
Living above your means is never a win/win situation.
 
The Frugal Financier
If you won’t part with a penny, much less a dime, you’ll have a hard time relating to anyone about money. There’s got to be some wiggle room for playing hard much the same as working hard.
 
No one admires someone who won’t part with one red cent, even for fun.
 
Get Together with Your Financial Partner
You and your financial partner can put your differences to work in your favor. Come up with ways to meet somewhere in the middle.
 
Compromise is key in a relationship.
 
And what better way to incorporate that tool than to use it in your financial life.
 
JohnK 9-20-2021
 
Stick figure hears about moneyOverheard: “Too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like”
                                                      ~Will Rogers
 
 
 
 
disclaimer for money
 

Do You Have A Financial Safety Net? (And How To Build One)

October 16, 2018 John Uncategorized No comments
Movement in the financial markets lately can make you seasick! If you manage your own finances as I do the market ups and downs will make you wonder if you should make changes or stand pat. 
 
The GenuLines post below offers some ideas on getting your financial house in order. Read it and “reap”
 
 
financial remedy
 
 
 

Do You Have A Financial Safety Net? (And How To Build One)

 
Do you have a financial safety net? It’s something worth thinking about and setting up.
If not, now is the time to get started.
 
You can begin by putting away three to six months of living expenses.
 
Keep this money in an interest-bearing account. Know what your family needs to live on in the event your income stops.
 
Then start saving as much money as you can until you have built up this safety net.
You can shave your spending, too.
Do More With Less
Do a little less eating out. Think twice about buying the newest TV and tech gadgets.
 
To make the process go faster add any bonuses, tax refunds, etc.
 
But don’t stop there. Make it your goal to add to your cushion as often as possible.
 
Then come back and revise your numbers from time to time.
 
Your living expenses may go up or down over time. You can quickly adjust the amount you need in readily accessible cash.
Protection
Life and disability insurance are two more important parts of your financial strategy. Do you have a plan in place to continue to cover your living expenses (or those of your family) if you can no longer work?
 
Call your insurance agent and go over your current coverage. Make sure the insurance you’re paying for will pay out what you need and if not, make adjustments.
 
Now you have two legs of your plan firmly in place. Next, think about investing any additional savings in higher interest-bearing accounts.
 
Do your best to forget about accessing any of this money in the near term. Think about how handy it will be to have it when you’re dealing with an emergency.
 
Or, when you’re ready to retire.
 
And, don’t let your money sit in a bank or, worse yet, in a drawer in your house. There are lots of investment vehicles that will get you a much better return than a savings account.
 
Talk to your financial adviser. You’ll come up with a plan that’s right for you, your family, and whatever the future may hold. 
 
JohnK 10-16-2018
 
 
 
 
 
man talks financialOverheard: No wealth can ever make a bad man at peace with himself” 
                                  ~Plato
 
 
 
 
 
 
 
 
disclaimer for financial