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Articles Archive for January 2010

Give Yourself Credit, Your Financial Fitness »

[14 Jan 2010 | 5 Comments | 2,230 views]
Get It Together

BRAVO!  Be proud of yourself.  I take it that you just arrived at this post after reading the post, “It Pays … To Be Organized!”  Well, let me get right to the point so that you can begin to implement the following procedure:
First:  Collect and retain all receipts for every item that you purchase with your credit card for each month of that card’s billing cycle – the billing period/cycle closing date is printed on your statement; remember it.  Keep those receipts together in an envelope as previously discussed; then, …

Give Yourself Credit, Your Financial Fitness »

[13 Jan 2010 | 4 Comments | 2,112 views]
It Pays … To Be Organized!

Fight that lazybug and get your life in order.  Staying organized will not only save you time; but, invariably, the time that you save will save you money.  Think of the hours you must spend on tasks and projects that you postponed thinking it okay to finish them later.  What were initially simple tasks will build into burdensome, time-consuming, free-time robbing drudgeries.
For starters, arrange each one of all your paid monthly bills (paid statement receipts) in their own envelope labeled with what they are and the year on the envelope …

Your Financial Fitness »

[8 Jan 2010 | 2 Comments | 1,867 views]
Funds For The Furry Kids In Your Family

So you might not have to build a college fund for them, but you need to have funds for all of their other needs, especially for those scary situations when something unexpectedly happens to them.
I firmly believe that is wise to be proactive, take the extra steps in preparation for future needs, than to be at the mercy of those emotionally draining and demanding moments that can so suddenly shake our world.
We are at our best when we are prepared and can remain calm, and that calm is a by-product …

Your Financial Fitness »

[7 Jan 2010 | Comments Off | 1,648 views]
What’s It Worth To You?

You might be surprised to discover the amount of money you spend every day on items that are stealing your future wealth.
I recommend that you take stock of how much just one small treat costs you for one entire week.  Simple math … just add up how much is spent on one (discretionary) item that you can cut back on and put that extra money to work in your savings.

Your Financial Fitness »

[6 Jan 2010 | Comments Off | 1,407 views]
Starting Now, And Every Week, Place 25% From Your Income Sources Into Savings

Starting this week, and each subsequent week, place at least one-fourth of your income into a savings account. This savings account is not to be used for anything except saving and building your wealth. You will later be reallocating some of this money into various other interest-dividend-or-capital-gaining instruments (staggered with some for best returns) for a well-diversified range of security and returns on your money over time. For now, just open the account and start feeding it every week. The more you contribute the earliest, the better your returns will …

Give Yourself Credit, Your Financial Fitness »

[5 Jan 2010 | 7 Comments | 1,875 views]
Proceed With Caution And Receive The Credit

Only use your credit card for items that you already have the cash to pay for them in full when that credit card bill arrives.  Set aside cash on a regular basis in a designated savings account for this specific purpose.  When your credit card bill comes due, pay it in full using the cash you have accumulated in this specific savings account that you created exclusively for this purpose.
Not only will your money be growing with the interest that this savings account accumulates, plus, you will be getting the added …

Give Yourself Credit »

[5 Jan 2010 | One Comment | 1,241 views]

Obtain a credit card for free; never pay to get a card!   Do not get a card for any “rewards” or special offers (such as for particular catalog items or air miles). The only acceptable rewards are “cash-back awards” that can be directly applied to your future statements to pay for part of the credit card’s balance due.  Make sure your cash award can be directly applied to your account balance without any hidden details or penalties – in other words, you can use the cash dollars that you build …

Give Yourself Credit »

[1 Jan 2010 | Comments Off | 715 views]

Neither a borrower nor a lender be.   First rule of credit card:  Do not ever use a credit card unless you already have the cash secured and set aside to pay for the item when the credit card statement comes due.  Always pay your credit card bill IN FULL and well BEFORE the due date of every statement!  No exceptions, no excuses.