I heard a radio ad that started out in a very serious-sounding tone with, “In these economic times, every dollar counts.”
I couldn’t help but blurt out, “Doesn’t every dollar always count!?”
Now, of course I knew what they meant: Times are tough, use your money wisely, buy our stuff.
But that isn’t the point. The point is, we often don’t use every dollar wisely. Often this is unconscious. » Read more
You’ve heard the infomercials: Act now, and get 12 bonus knives and a super-duper discount deal for a limited time! But only if you act now!
Of course, the whole point of an infomercial is to develop such a strong sense of urgency that you will happily and immediately part with your money.
A good infomercial will identify a pain, demonstrate exactly how they will solve the problem, show great “after” shots with testimonials, and then urge you to act now while a clock counts down.
And it’s a very effective formula.
So…have you ever thought of applying that formula to your life? » Read more
Money management tips can both make your life easier and save you money in the long run. That’s because a smoothly-running financial life means fewer fees and unplanned expenses — and more money to set aside for the things you want and enjoy. Here are some tips to help get you there.
Find out where you stand financially
What are the balances in your checking, savings, and investing accounts? What do you owe on your debts? How much are you spending, and on what? This information provides a good check on how you’re doing financially. If the negatives outweigh the positives (or even if things just aren’t as positive as you would like) take that as a sign that it’s time to get your finances into shape. » Read more
Do you have a 5-year plan? Planning (and then acting to make your plan a reality) is key when it comes to reaching your goals and making your money work for you. » Read more