Want to bring in some extra income, but don’t think you have anything to offer? Don’t sell yourself short, because your ideas and skills have value.
In fact, if you’re like most people, they have more value than you give yourself credit for.
It’s time to start giving yourself the credit you deserve, especially if you want to make the money that you deserve. And you’ve got to sell yourself, because like it or not, we’re all in the sales business. » Read more
Most of us have been (or will be) tempted to do one or more of the following things during some point of our financial lives. These are all really common things to do with money.
Unfortunately, while they usually seem like good ideas on the surface, all too often they’re recipes for disaster. Here are twelve money temptations to avoid.
1. Using money to meet your emotional needs.
While no one wakes up one day and says, “Hey, I think I’ll go out and buy something to meet my emotional needs” it’s not uncommon to think things like “I’m bored, maybe I’ll go shopping” or “I’ve had a hard week, I deserve this new video game.”
The problem with using money to meet your emotional needs is twofold: it doesn’t work (except on a very temporary basis) and it leaves you with less money (money that you could probably better use elsewhere). » Read more
Are you happy with where your money goes? If more of it seems to disappear than you can account for — or than you would like — you may have some financial leaks that need plugging.
Like a dripping faucet, a little bit of money leaking out in dribs and drabs may not seen like much at first, but it can add up to a shockingly large amount over time.
And no, I’m not just referring to the infamous latte factor.
Finding those leaks
Your “leaks” could be anything from a constant stream of school projects or hobbies that require money to cable TV packages that you never watch.
Leaks are areas — big or small — where your money goes without you really paying attention to it.
Of course, identifying those areas is the first step to plugging the leaks. How do you find them? Look back over your recent bank and credit card statements for things that repeat regularly. » Read more
A 401k is a great benefit, especially if your company matches a portion of it. Saving for retirement is extremely important, and a 401k allows you to do that pretty painlessly. But what happens to the money in it when you leave your job before retirement age, either voluntarily or due to a layoff? » Read more