Personal Finance Tips
Pay Off Your Debts Using the Snowball Method
Posted on 10. Feb, 2010 by Jeremy Reis.
Dave Ramsey is the best known proponent of a debt payoff method called the “snowball method.” The snowball method is a way for you to pay off all of your debts: credit cards, car loans, student loans, house mortgage, and other debts. The first step to creating a debt snowball is to list all of [...]
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Create a Budget
Posted on 12. Dec, 2009 by Jeremy Reis.
Creating a realistic budget is one of the most difficult things to do when you are working on getting your financial life in order. It is also one of the most important things! A budget will help you understand where your money is going and help control your spending so you can pay all of [...]
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Use Personal Finance Software
Posted on 11. Dec, 2009 by Jeremy Reis.
Use personal finance software, such as Quicken, to manage your budget and get your spending under control. The software can tie into your bank account and automatically categorize many of your common expenses to help you create a budget and stay within budget each month.
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Create an Emergency Fund
Posted on 07. Dec, 2009 by Jeremy Reis.
Create a $1,000 emergency fund to help get your financial life in order. We all have emergencies. It’s just a part of life. Creating an emergency fund helps you not have a crisis when problems occur. When you have a personal emergency, such as a your car needs new tires, you suddenly have two emergencies: [...]
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Stop Drinking Fancy Coffee
Posted on 06. Dec, 2009 by Jeremy Reis.
If you spend $6 per day on fancy coffee and a snack, that’s over $2,000 per year! Stop spending money on your mocha or latte and invest it in yourself, your knowledge, your retirement, or your kids. If your boss came to you today and said all raises were canceled, but he’s sneaking in a [...]