Learn the Money Basics

Master the Money Basics

Recent Posts

  • Coming Back Fro...

    November 12th, 2014

    Many people have a fear of filing bankruptcy because they think it will haunt them for a long time to come. The truth is that if you are at the point of considering bankruptcy, then you’re already being haunted. Filing bankruptcy will put an end to the harassing phone calls [...]

  • Exposing Myths ...

    November 3rd, 2014

    If you have had the unpleasant experience of losing your job or suffering a catastrophic injury, you can easily find yourself behind on your debt obligations. Unfortunately, some people do not have the means to dig themselves out of these situations, and this can result in very stressful financial problems. [...]

  • What You Need T...

    October 21st, 2014

    Before you buy a new car, you need to consider several factors. Considering these factors will make it easier to get a car you can afford to own and insure. Taking the time to complete these tasks will make it easier to purchase the right car for your needs. Look for [...]

  • How To Buy A Ca...

    October 2nd, 2014

    Although it isn’t ideal, filing bankruptcy can sometimes be the best option for those who feel that they are in over their heads in debt. If you have recently filed bankruptcy and are in need of a vehicle, however, you might be concerned about how you will be able to [...]

How to Budget

How to Budget

The only way to save money through budgeting is to budget within your means. To effectively create a budget, you need to know your true income taking traditional and nontraditional sources into consideration (and don’t forget taxes!), calculate every single one of your expenses, and compare the numbers. Next, figure out how much you should spend on your fixed costs, financial costs, and flexible spending based on your average income. Make your projected expenses match up with your actual income through tightening your budget in some areas and even loosening it in others; then, follow your budget to the letter.

Teaching Children Basics

Teaching Children about Money

To raise your child you set a bedtime, serve healthful meals, and show them love and guidance. Make sure you extend your care to teaching your child about finances as well. Eventually, your child should be a self-sufficient adult who can live within his or her means. To help them on the way to monetary responsibility, show your child concrete examples of receiving a paycheck and spending money, help them learn to budget, and whenever possible, make this process fun. Use games with a financial point of view and keep the conversation going over the years.

High and Low Risk Stocks

High and Low Risk Stocks

Terms like “high risk” and “low risk” may seem daunting when it comes to the stock market: if you’re a novice, all stocks might feel like they have a high level of risk for the investor! However, it isn’t hard to figure out the level of actual risk a stock has. Learn how to look at a stock’s past performance as an indicator of future performance and familiarize yourself with how to predict whether a stock will have a high or low payoff over time. Invest wisely to minimize your risk and raise your potential for making a profit.