52 Simple Ways to Manage Your Money – 23. Where’s The Chocolate? – Emergency Funds What it is … A dollar amount set aside specifically designated for emergencies. Although the amount of three to six months’ living expenses is often recommended, less can be kept if there is substantial job security, good credit, and a … Read more
52 Simple Ways to Manage Your Money – 22. It’s My Life – Life Insurance What it is … Hiring a life insurance company to insure your life against death, with a pre-set, specific dollar amount to be paid to a beneficiary. How it helps… Protects survivors financially. Promotes peace of mind for the insured. … Read more
52 Simple Ways to Manage Your Money – 21. Eek! You Want Me To Do what? – Taking Risks What it is … Moving one step beyond the point where you feel comfortable. Taking action in a manner not attempted before. How it helps … Opens new possibilities. Invites experimentation. Makes life more interesting and … Read more
52 Simple Ways to Manage Your Money – 20. When And How To Go For Help – Choosing Financial Advisors What it is … Seeking the advice and recommendations of a financial planner, stockbroker, insurance agent, attorney, or accountant. How it helps… Provides new information from sources previously unavailable to you. Offers objectivity and support … Read more
52 Simple Ways to Manage Your Money – 19. Don’t Forget – Have Fun, Too What it is … A balanced lifestyle of work and play. How it helps … Your life will be richer. You will reduce stress and gain more from relationships. Key items to look for … Review your leisure time activities. … Read more
52 Simple Ways to Manage Your Money – 18. Worst-Case Scenario – Fear Of Losing Money What it is… Paralyzing fear, both conscious and unconscious, that prohibits you from selecting investments other than bank savings accounts. How it hurts… Robs you of new experiences. Deprives you of improving your financial lifestyle. Robs you of a … Read more
52 Simple Ways to Manage Your Money – 17. Don’t Even Ask – Underspending What it is … Living at a standard far below what your income dictates. Saving or hoarding co an excess that forces you to consistently deny yourself certain comforts and pleasures. Saving and hoarding out of fear of never having enough … Read more
52 Simple Ways to Manage Your Money – 16. We All Have Our Toys – The Mall/Car Lot What it is … Shopping, collecting, or buying— to excess— may be the symptoms of money mismanagement instead of a healthy hobby or outlet. How it helps… It is an outlet for tension, an interest, or a … Read more
52 Simple Ways to Manage Your Money – 15. Friend Or Foe A Weekly Journal & Workbook to Help You Take Real Control of Your Money What it is … When properly used, credit cards are a strong money management tool. Unmanaged, they can become a staggering debt. How it helps … Good method of … Read more
52 Simple Ways to Manage Your Money – 14. When Did It All Go? A Weekly Journal & Workbook to Help You Take Real Control of Your Money What it is … Consistently spending more money than you have available or spending money that you know will not be available in the near future. In … Read more
