Archive | Budgeting/Planning

Getting Started With a Budget
Using a budget is one of the smartest money management moves you could make. For guidance on using a paper & pencil system, read the Budget Quick Start Guide and make use of the Cash Flow Plan, Cash Flow Tracker, and Recommended Spending Guidelines, all found in the Resources section. For help using the online tool Mint.com, watch my tutorials here, here, and here. And for help with the Envelope system, read this article.

Remember, “The plans of the diligent lead to profit as surely as haste leads to poverty.” – Proverbs 21:5

Spending Smart

While we can’t control what’s happening in the stock market we can control what’s happening in our homes, and now is an especially good time to look for ways to spend smarter. U.S. News & World Report offers a great collection of ideas for saving on the cost of food, clothing, healthcare, and more. Such […]

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Calming The Anxiety

Not surprisingly, a growing number of people are feeling some economic anxiety. According to Yakelovich, a market research firm, the percentage of Americans feeling high or severe financial anxiety has jumped from 33 percent in January of this year to 61 percent in June. Of course, that 61 percent figure was tallied well before the […]

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When Not to Reduce Spending

High gasoline and food prices have people tightening their belts in one place where frugality is not likely to pay off: their healthcare. MarketWatch reported on a survey by the National Association of Insurance Commissioners, in which about one in five (22 percent) Americans said they have reduced their visits to the doctor in order […]

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Diet Is Not a Four-Letter Word

A new weight loss study shows the power of tracking what we do – a lesson applicable for anyone wanting to use money more effectively as well. The research, conducted by the Kaiser Permanente Center for Health Research and described in a U.S. News & World Report article, followed nearly 1,700 overweight people as they […]

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Paying More With Plastic

Do you pay your credit card balances in full every month? Have you been using credit cards for more of your purchases, like groceries, figuring you’re ahead of the game because of the rebates, miles, or other perks? According to researchers quoted in a Washington Post article, you’re overspending. Professors from MIT, Harvard, and Britain’s […]

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How to Save for College

The go-to source for information about saving for college has been the aptly named Savingforcollege.com web site. But Morningstar is giving that site a run for its money with a new analysis of the best and worst 529 plans, along with a comprehensive set of articles about the pros and cons of such plans and […]

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Your Number

Financial services company ING is heavily promoting a new interactive web site designed to help you figure out “your number” – that is, how much money you’ll need to have saved by the time you retire. I took it for a test ride, and while it gets high marks for user friendliness, it doesn’t help […]

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