|
|
|
7 Secrets to Having a Financially Healthy Family
How many times have you replied "We don't have the money for that" when your child asks you to buy him something? His innocent reply is "Get some from the machine or the bank". You think to yourself, "If only it were that easy". Managing money is a...
Cat Insurance
Cat insurance can help you afford expensive medications for your cat.
There are a lot of things that can happen to your cat as it gets older - from injuries to illnesses. For that reason, many cat owners have found it worthwhile to pay for cat...
Lets Talk about Probate
Below is a discussion of how to handle probate. First of all, what is probate? Weve heard various things about probate and we are pretty sure that it deals with court matters that involve our property. We generally know that probate is something...
The Quest for a Quality Nursing Home
Choosing a long-term health care or assisted living facility that is right for you and your family is a big decision and a big commitment; comparable to buying a house. Though the conclusion to move to or help your loved one transition to a Lifecare...
Will Your Children Take a One-Way Ticket to Needle Death?
On 1 November 2002, my beautiful 20-year-old son Kristian died from a suspected Heroin overdose. There is no such thing as taking a test drive with Heroin. Its a one-way ticket. Don't let it happen to your child.
On 1 November 2002, my...
|
|
| |
|
|
|
|
|
|
Setting Your Financial Priorities
Whether you know it or not, you are always setting your
financial priorities. Some may decide that a new stereo system
is more important than this month's electric bill. This may
be a little off the wall but it is still setting your
priorities.
Anyone wanting to better manage their money would be wise to
determine what their financial priorities are and stick to them.
Of course, if you see that these priorities will not put food on
the table and pay your bills then you will have to rethink your
priorities.
Setting your priorities is simple. You just decide what is the
most important aspect of your finances and put that item on top.
However, if you decide on that stereo over your electric bill,
you may find yourself in the dark with no need for a stereo.
There are basic priorities that pertains to everyone. These are
simply a matter of survival. Here is a list of the basics:
Water
Food
Shelter
That was a tough one.
What does it take to ensure that our basic needs are met? The
main ingredient is a source of income to pay the rent or house
payment, pay the utilities, and buy the groceries. This is where
you start setting your priorities.
Before you can spend another penny, you have to take care of
what you need to survive. Don't put off the rent or house
payment, utilities and don't skimp on your groceries and
necessary health items. If you do you will start experiencing
money problems much sooner than you would if you had delayed
paying other bills instead.
What's next? If your source of income happens to come from a
job, then I would say your transportation. You have to get back
and forth to work so you can afford all of the other stuff.
This would include your vehicle payment, gas, insurance and
maintenance. If your source of income is not a job then go to
the next step.
And Now? Naturally, this
would be your other bills. You can
even split this category a little further.
First, you have your bills that are secured by property. You
should always pay these bills first.
Secondly, your unsecured bills which are probably credit cards.
The reason you should always pay your secured bills first is
that it is much more likely that they can take the secured
property and probably will unless payment is made. While credit
cards companies are notorious for their threats, they very
seldom follow through. I'm not saying not to pay them, just
that they aren't as high a priority as your secured bills.
Next would be your savings. I really to hate to list savings as
your last priority because having a savings can prevent the use
of those dreaded credit cards and help in so many ways. If you
have the money to cover all of your other priorities then you
should always put savings at the top of the list. However, if
you don't have enough money to cover your bills and expenses
then your savings will have to be the first to go.
Just to recap. The below list is an example of what your
financial priorities should look like:
1. Groceries and Necessary Health Items
2. Housing (Rent or House Payment)
3. Utilities
4. Transportation
5. Secured Bills
6. Unsecured Bills
7. Savings
Let's hope that you never get in the position to have to decide
which of the above list will have to wait. But if you do,
following the above priorities is absolutely necessary to ensure
your survival.
About the Author
Terry Rigg is the author of Living Within Your Means - The Easy
Way http://www.homemoneyhelp.com/ebookadpage.html and editor
of The FREE Budget Stretcher Newsletter and Budget Stretcher
web site http://www.homemoneyhelp.com. He has 25 years of
experience counseling individuals and families concerning their
personal finances.
|
|
|
|
|
| Kiplinger.com - Timely, Trusted Personal Finance Advice, Financial ... |
| Investing, personal finance, calculators and financial advice. |
| www.kiplinger.com |
|
| Kiplinger's Personal Finance Magazine - Your Guide to Making Money ... |
| Subscibe to Kiplinger's Personal Finance Magazine to help you manage your finances. Achieve your financial goals and objectives with help from our ... |
| www.kiplinger.com |
|
| Personal finance advice, news - CNNMoney |
| News & advice on retirement planning, college saving, taxes, mortgages, autos, real estate, investing and more from CNNMoney.com. |
| money.cnn.com |
|
| Business, financial, personal finance news - CNNMoney |
| Combines practical personal finance advice, calculators and investing tips with business news, stock quotes, and financial market coverage from the editors ... |
| money.cnn.com |
|
| Personal Finance, Personal Finances, and Financial Advice - Forbes.com |
| Personal Finance - Get financial advice and information from Forbes.com. |
| www.forbes.com |
|
| SmartMoney.com Investing, Saving and Personal Finance |
| SmartMoney has daily stock and mutual fund recommendations, hourly market updates, personal finance investing research tools and advice, ... |
| www.smartmoney.com |
|
| Personal Finance Home (Personal Finance: Personal Finance ... |
| Links to articles covering a range of topics where monetary planning is or should be involved. |
| www.smartmoney.com |
|
| Personal Finance - Front Page |
| Read the details in Personal Finance this Saturday. Also in this weekend's edition:; You should take financial services companies' marketing material with a ... |
| www.persfin.co.za |
|
| Get stock quotes, market news, rates, and more - Netscape Money ... |
| Market News. Market News. News Search. Financial Planning. Finance Calculators. Saving for College. Personal Finance ... |
| money.netscape.cnn.com |
|
| globeandmail.com: Personal Finance |
| Personal Finance. Home · National · British Columbia · Prairies · Ontario · Quebec · Atlantic · Politics · World · Americas · Europe · Asia-Pacific ... |
| www.theglobeandmail.com |
|
| Personal Finance - MSNBC.com |
| Answer Desk: Submit your question about personal finance or the world of business ... Personal Finance. Learn more about RSS ... |
| www.msnbc.msn.com |
|
| Personal Finance Newsletter |
| 7600 Leesburg Pike, West Building Suite 300 Falls Church, VA 22043 703-394-4931 (ph) 703-905-8100 (fax) personalfinance@kci-com.com ... |
| www.pfnewsletter.com |
|
| Personal Finance Advice - Personal Finance Management - Personal ... |
| Tips and stories for managing your personal finances. |
| www.marketwatch.com |
|
| CNBC.com: Personal Finance |
| Investing home page features investment tools like stock quotes, charts, a portfolio manager and much more. Plus market news and financial commentary from ... |
| moneycentral.msn.com |
|
| Dallas Morning News | News for Dallas, Texas | Business: Personal ... |
| Knowing retirement, health plans can help avert disaster · At one firm, financial crisis crushed 401(k)s, insurance · Personal finance news briefs ... |
| www.dallasnews.com |
|
| Morningstar: Personal Finance |
| Sharpen your personal finance and investing skills with Morningstar. Access articles covering stocks, mutual funds, bonds, retirement, 401(k)s and 529 plans ... |
| www.morningstar.com |
|
| Fool.com: Personal Finance |
| Personal Finance - The Motley Fool exists to educate, amuse, and enrich the individual investor; to prove to you that the best person to manage your money ... |
| www.fool.com |
|
| Fool.com: Investing, Stock Research, and Personal Finance |
| Expert advice on picking stocks, investing for retirement, and dealing with life's major personal finance decisions. |
| www.fool.com |
|
| Telegraph | Money |
| Market news from the Telegraph newspaper online. Includes money product finders. |
| www.telegraph.co.uk |
|
| Compare Prices and Read Reviews on Personal Finance at Epinions.com |
| Epinions has the best comparison shopping information on Personal Finance. Compare prices from across the web and read reviews from other consumers on ... |
| www.epinions.com |
|
|