Financial Planning Template: What You Must Know | Work Goes Strong

Financial Planning Template: The One Thing You Must KnowMary Rowland wrote about money for decades. Then she took a course that gave her a new financial planning template to revolutionize her life.By: The Aging DivaMarch 26, 20121 CommentprintThe right financial planning template can transform your life.Source: Getty ImagesThe right financial template is one that allows you to follow your passion.Share This StoryemailinSharePin itMary Rowland has been reporting on personal finance for more than 30 years, authoring books and writing money columns for a variety of websites and magazines. Just recently, she had an experience that has revolutionized her approach to managing her money – a whole new financial planning template. “When I took training to become a registered life planner – someone who looks at your whole life rather than just your money life – I began to

via Financial Planning Template: What You Must Know | Work Goes Strong.

How to Spot a Money Waster

“Something you keep on buying that just isn’t worth your hard-earned dollars.”

That’s Kristin Colella’s definition of a “money-waster” in her article published March 23 in the online magazine MainStreet.

Colella cited Rick Kahler’s recommendation: “Some of the best money a consumer can spend is for a subscription to Consumer Reports.” & I agree.

An interesting article.

Steve

 

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You may pride yourself on your haggling skills or your sixth sense for sniffing out a great deal, but even the savviest of shoppers can fall prey to a “money waster” – something you keep on buying that just isn’t worth your hard-earned dollars.

Sometimes it’s those candy bars and celebrity magazines you throw in your cart at the grocery store checkout, while other times it’s that product that needs endless repairs. Money wasters are different for each person, but there are some red flags everyone can watch out for that could indicate a product or service is sucking you dry.

Read on for our tips on how to spot a money waster in your own life.

via How to Spot a Money Waster – MainStreet.

What Happens if My Broker Goes Bust?

When the unthinkable occurs, the Securities Investor Protection Corporation steps in to help investors.

I know that the FDIC insures the funds in my bank account, but what about funds in my brokerage account? What would happen to them if my brokerage went bankrupt?

Answer: Although many people are familiar with the Federal Deposit Insurance Corporation, or FDIC, the government-established agency that insures bank deposits,

via What Happens if My Broker Goes Bust?.

Secrets to Retire Successfully

Formerly head of the math and science department at a New Jersey community college, Jan Cullinane left academia to research, write and lecture about retirement. Her book, The New Retirement: The Ultimate Guide to the Rest of Your Life, outlines all aspects of retirement, not just the financial realities. Here, her seven secrets. #1 Have something to wake up for every morning. “We need structure, intellectual stimulation and we want to give back. What you look forward to could be a part-time job, volunteering, even playing golf.”

via Secrets to Retire Successfully | Work Goes Strong.

Budgeting on a Low Income

Let’s get the obvious out of the way–living on a low income is tough.

It’s a big mental strain to just barely cover your bills month after month. The good news is that if you make a budget and look for little ways to save money, a little planning will pay off big time. It will give you some breathing room, which really helps your morale.

For starters, Dave teaches to maintain the

via Budgeting on a Low Income.

Buy Used and Ignore Myths of New Car Buying

I found this article by Rick Kahler full of great points.  This is the kind of approach that will make a huge difference in your financial life over the years. If you have a chance, I suggest you read The Millionaire Next Door: The Surprising Secrets of America’s Wealthy (1996,  is by Thomas J. Stanley and William D. Danko.

There is a good summary in Wikipedia at :

http://en.wikipedia.org/wiki/The_Millionaire_Next_Door

Steve

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Have you ever seen a Super Bowl ad touting how much money you could save if you bought something second-hand? Of course not.

There’s not a lot of encouragement in our culture to buy used stuff. Even the one exception, a used home, is described as “existing.”Buying used just isn’t cool—that is, unless you’re a wealth builder.

Many of them look upon buying used as more of a badge of honor than an embarrassment.  Certainly, there are many items that are best purchased new.   Toothbrushes, toilet paper, and underwear come to mind.   Yet there’s one thing that’s almost always better to buy used—a vehicle.  Let’s look at a few common myths around buying a new car.

1. “Buying a used car is just buying someone else’s problem.” That can certainly be true if you don’t do your homework. When shopping for a used car, be sure you research the model’s repair record. The best place for this is Consumer Reports. An inexpensive online subscription will give you loads of detailed information about every year, make, and model. Narrowing your search to the top used car values will significantly increase your odds of buying a great used car. Before writing a check for even a top-rated used car, take it to a trusted mechanic for an evaluation. The money you spend will be well worth the future headaches you save.

….. read the complete article here …

Rick Kahler: Buy Used and Ignore Myths of New Car Buying | Financial Awakenings.