Money debt guides
Looking for money debt recommendations to improve your financial positions and to solve money issues ? Millions of Americans have trillions invested in stocks, bonds, mutual funds, and other Wall Street investments, but just because you can easily make trades yourself doesn’t mean you should. “Why not do what you do best to earn money and let a trained professional invest it for you?” asks Brian Saranovitz, president of Your Retirement Advisor. “A recent Vanguard Investments study indicated that integrating proper retirement strategies can add as much as 3 percent efficient return to a retirement portfolio.” Adds Aliche, “You need to purposefully seek out knowledge. If you break a leg, you know that you need to go to a doctor. With personal finance, people got the notion that they could just fix it themselves. When it comes to investing, don’t be afraid to seek professional help.”
If you have not created a budget, even in a spreadsheet, DO IT. By no means am I a fan of obsessing over my budget, but when you are first starting out you need to do this. It gives you the big picture of how you are spending, what income you are bringing in, etc. Visualizing and seeing these numbers can help you catch issues or make your eyes pop from some rough looking numbers. But like I said, DON’T OBSESS OVER THIS. See additional details at Make Money Tricks.
70% of Americans don’t have a will. If you have dependents, no matter how little or how much you own, you need a will. If your situation isn’t too complicated you can even do your own with software like WillMaker from Nolo Press. Protect your loved ones. Write a will. If you don’t keep good records, you’re probably not claiming all your allowable income tax deductions and credits. Set up a system now and use it all year. It’s much easier than scrambling to find everything at tax time, only to miss items that might have saved you money.
Have an Emergency Fund: If you lost your job tomorrow would you have enough money to live off while you look for a new one? If not then you’re not alone. This study found that although Americans are doing a better job at saving, around 24 percent of them (57 million people) don’t have an emergency fund. Now I don’t want to be a negative Nancy or a Debbie downer, but emergencies happen all the time. They may not happen to you, but it’s always good to be prepared. You can’t predict an emergency, but you can prepare for one. The best way to do so is to set up an emergency fund of 3-6 months living expenses. That means if you lost your job tomorrow, you’d be able to live off your emergency fund for 3-6 months while you look for a new one. Net worth can seem like a tricky topic, but it’s quite simple. Your net worth is how much money you are worth. If you were to sell everything you own, then pay off everything you owe, how much money would be left? Source: http://aspiretomoney.com/.