Category Archives: How-To

Simple Saving Tricks

I read a really interesting article recently on Kiplinger.com about 10 easy ways, or “tricks”, to make yourself save a portion of your hard-earned money. While saving is a fundamentally important pillar for any worthwhile personal finance plan — and this week is America Saves Week — I think it’s important to go back over some of the easy ways those who have trouble with discipline can ensure they are stashing away part of their money for savings.

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Americans Are Saving Again — How About You?

There was a very interesting article in the New York Times this morning about how Americans are saving again, much more so than the years leading up to the recession.

According to the piece, in October, Americans were saving at a rate of 4.4 percent. The percentage has fluctuated this year, reaching its peak in May (6.4 percent — the highest since 1993).

It got me to thinking about how much I’ve actually been saving — especially in the past year when my pay kept getting cut and times were tight.

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Weekly Roundup

This week, there were myriad articles giving tips and tricks to live by with regard to personal finance at the end of this year. While all of this information is important to at least consider, make sure you don’t end up doing everything everyone says just because it sounds good.
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Weekly Roundup

This week took a look at some tips and tricks to help you assess your finances as we come to the close of 2009. Not only should we see what worked, but also what maybe didn’t work out as well. That way we can fix those errors and perform better next year.

There were also myriad articles about how to shop this holiday season (oh … wait … Christmas is in less than three weeks, should’ve let you know …)

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Daily Dimes 11/30/09

Back a generation or so ago, when you turned 18 or hit some milestone in your early 20s, it was time to immediately move out of the house either start college or a family.

This is not the case anymore, as more and more twentysomethings are staying at home longer than in recent memory. While it is clear the economy is forcing this in many cases and is probably a smart decision in order to not fall into deep debt, it doesn’t mean your life is over. It is what you do during this time that counts the most.

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Expense This

Read up on virtually any article about how to properly budget your money, and more often than not the piece will stress that you must track your expenses. Now this makes sense because you must know how much cash is coming in as well as how much comes out. The coming in part is easy (a couple of paychecks per month) unless you are a freelancer, consultant, or anyone else who does not get a regular, steady paycheck. In these cases, it is even more important to track how much you spend each month.

The goal is simple: spend less than you make. Knowing exactly how much you spend, though, is hard. Things happen and no two months are ever exactly the same.

While it isn’t an exact science, I urge you to take the next month to track every single penny you spend. Seriously. Open to a fresh page in your finance notebook and write “December Expenses” at the top. We’re going to get started now.

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