52 Simple Ways to Manage Your Money – 28. No More Taxes – Tax-Free Municipal Bond Funds What it is … A method of investing in tax-free municipal bonds with a pool of money contributed by a number of investors. A professional manager buys and sells bonds according to parameters set by the specific fund. … Read more
52 Simple Ways to Manage Your Money – 27. The Tie That Bonds – Bond Funds What It is… A method of investing in the bond market with a pool of money contributed by a number of investors. A professional manager buys and sells bonds according to parameters set by the specific fund. How it … Read more
52 Simple Ways to Manage Your Money – 26. It’s Mutual – Stock Funds What it is… A method of investing in the stock market with a pool of money contributed by a number of investors. A professional manager buys and sells stocks according co parameters set by the specific fund. How it helps… Provides … Read more
52 Simple Ways to Manage Your Money – 25. More Than One Basket – Diversification What It is… Investing money into different types of investments, such as bank certificates of deposit, stocks, bonds, and real estate. How it helps … Hedges against loss. Provides safety and flexibility. Key items to look for… Investments with small … Read more
52 Simple Ways to Manage Your Money – 24. Squirrel It Away – Certificates Of Deposit What it Is… An investment with a bank or savings and loan whereby you invest a specific amount of money for a specified time frame. The return on your principal is guaranteed, and an interest rate is promised for … Read more
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
