A Personal finance blog with topics to save money, earn money, personal loans, investing, career, escaping debt and building wealth.
The following is a reader story submitted by Sandy. Who is a stay-at-home mom with a five-year-old kid. I hope you will enjoy this article and get some value out of it. I did edit her submission to fit the objectives of this blog.
Decorate with used furniture
I was generally raised to be a homebody, so the transition was not difficult. What I find kind of hard is the fact I could sometimes get so antsy with my own home!
While surfing blog comments at other personal finance blogs, I came across a story of a reader. Which reads like below.
A couple of years ago, I was doing well when it comes to finances. I knew I was doing better than a lot of my friends and family. I was having a good job. Everything was actually really, really great.
Then recession came—and my world, as well as the others’, came tumbling down. The start-up company wasn’t able to pick itself up and it had to close down, leaving me with no job at all. My wife was also laid off from her job. No matter how much we searched for work, no one would like to take us! For seven months, we weren’t able to do anything, and before we knew it, our savings dwindled. We could hardly pay our utilities, much more our credit card bills.
When people think of accomplishing goals, they think of the ambitious entrepreneur trying to build a successful company or the aggressive corporate executive looking to climb the ladder of success.
Goals can be used by anyone who wants to develop a career focus, reach financial objectives or even improve on personal lives.
The most important step in this process is to begin by writing down your goals. Most people don’t really do enough of this. In fact, it’s been studied that just about 5% of the American population have their goals written down.
Before I start writing my wisdom on financial planning here, let me explain that, until now, I didn’t do anything as fancy as checking off a year-end personal finance checklist – a list of what I didn’t do and can still do before the tax year ends.
Suddenly the idea crossed my mind and I decided to do some research. As I made multiple lists, I realized I’m definitely not financially perfect and have my own fair share of mistakes, and that this blog is a way to become more self aware and make informed decisions.
A lot of good things have happened since I started blogging. I opened a second checking account and reallocated my portfolio. While the reallocation part is definitely positive, it took some time to analyze the rate of return on my stock and bond funds as well as individual stocks. Whether the reallocation is going to benefit me is not yet known.
This is back to the basics, reminding things over and over helps the concepts get deep into our minds. This is a self-reminder as well to keep me on track and remain debt free for as long as I can.
Personal finance is a wide subject, it consists of behavior and practices to control spending to provide maximum and sustained value out of the money throughout the life. This practice should start when we start our career. Spend control and delay gratification at an early stage are very much important if we want to live a happy and contented life in future. The day people understand the importance of managing personal money the journey towards financial freedom would start.
Hello and welcome readers. Hope you are having a good weekend. The past week, I probably have written two of my best posts ever. Kathy, Cynthia, Joyce, and Carmen Go Black Friday Shopping and Living Well on Less Than $10,000 a Year: Habits of Skilled Visa Workers. Do visit the two links and leave your comments if you can.
These days, my first aim is to grab media attention. To grow my blog organically I would need years to get a decent visitor number. There is one way to achieve this faster, and that is by grabbing constant media attention.
I have been successful in the recent past where Consumerist, Business Insider and Huffington post mentioned my work and gave me link backs. I am getting just the curve I was hoping for. Hope it lasts, I need to sustain this momentum and there is no shortcut to writing unique content.
This is a guest post at One Cent at a Time from David Bakke, who writes about important personal finance issues on Money Crashers, a financial resource that helps you better manage and grow your money.
Many aspects of today’s world pose challenges that, for many, require the enlistment of a specialist to offer expertise, guidance, and assurance. Like life coaching and career coaching, money coaching is an industry that has blossomed from such modern needs.
Kathy, Cynthia, Joyce, and Carmen are four friends. Cynthia and Joyce are both married with kids. Kathy is dating, while Carmen is single and ready to mingle. On a Sunday evening the following conversation took place between them.
Kathy: Ladies, what’s the holiday shopping plan? Are we going out on Black Friday?
Carmen: I guess I’m going to check out Best Buy. I need to get the catalog first; do you know when it’s coming out?
This article is part of the yakezie blog swap event where bloggers swap articles with each other in order to reach out to new audience. This is good for readers as well, as they get to taste a different perspective on personal finance from a different writer.
This article is written by Shanendoah at The Dog Ate My Wallet, a blog about managing your personal finances in a world full of easy excuses. If you wish, visit her blog to read my story.
The truth is, there are probably a number of things I never go cheap on- things like tires or high end kitchen gadgets –things that I expect to last a number of years, and the reason I don’t go cheap is that the pricier items actually last longer than the cheaper ones, making them, in fact, cheaper in the long run.
You have been reading articles on avoiding debt or getting out of debt all along. Let’s try a different route this time. I will tell you some surefire ways to incur debt. No matter what state your finances are in, you won’t fail. I guarantee it.
Whether you read it in reverse psychology or not is up to you. But history has proven that every human being who followed this strategy went in to a deep black hole of debt and rarely came out of it. So if you want to enjoy your stay in debt, now is the time to act. Follow these steps from today!
