The money system, the markets, and the economy.
Alert Your Savings Holidays, especially Christmas, can cause your savings account to shudder. While saving for gifts and other unusual expenses can be a great strategy, most of us tend to disregard that sage advice. You need to give your savings account an emoji to help you remember that it is the guard at the […]
Know Your Income Whether you are just starting out or a highly paid executive, it is important to know your limitations. Your short-term limitation is your income. How you use your current income will determine your long-term limitations. That concept is an essential part of building a better mindset for money. Another aspect of planning
Work on Your Success In recent years, parents who had little before making a decent living spoiled their children, making few demands for household chores. Modern conveniences, including dish washers, packaged food, and no gardens, eliminated a lot of work in the kitchen and the yard. The result has been a reduction in those who
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Turn Losses into Gains This is the last post of my series on Money Math. As my goal is to help you build a better mindset for money, I will make some reflections on my own mistakes and lessons learned along my financial path. And, despite losses along the way, I have learned to turn
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Cover Your Exposure My goal in writing this series of posts on Money Math is to give you some tools to make better decisions with how you will spend your hard-earned money. As mentioned in Part 3, some debt can be useful, but you will make more money available for future use if you focus
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A Review of Part 2 Put some life into your personal finances was the message in Money Math – Part 2. Learn the Rule of 72 to see how long it takes to double your money while investing, with compounded earnings. Then, take the worry out of long-term investing, such as in your retirement account,
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Part 1 Review This post is the second in a series on Money Math. The purpose of this series is to offer insights and means to measure your money management progress. In Part 1, I reviewed the aspect of measuring Cost to Benefit, how to determine if your income is satisfying your needs, and how
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Math Related to Money When we think of money, we think of numbers. When we think of numbers, we know that we will need math skills. Those math skills will include adding, subtracting, dividing, and multiplying, inside formulas and other measures. That sounds simple. However, many people, me included, have gotten into trouble with their
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Self-Care Is Important You will be a great help to others if you take care of yourself, especially as a parent. I am, of course, referring to your health. I will include three facets of your health. First, your physical health, which means your strength and endurance for your daily activities and other short-term demands
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Life Affects Us Recently local storms have caused considerable damage to buildings and businesses. Those that have insurance worry less than those who do not but still feel some loss in money and time. Some people lose hope and beg for money. Jobs are great until you lose one. And other events can upset us
What Financial Story Will You Tell? Read More »