Tips to fix your finances
8 steps to fix all your finances
Step 1. Make a will
Step 2. Pay off your credit cards
Step 3. Get term life insurance if you have a family to support
Step 4. Fund your company pension to the maximum
Step 5. Buy a house if you want to live in a house and can afford it
Step 6. Put six months worth of outgoings in a tax-free Isa savings account.
Step 7. Take whatever money is left over and invest 70% in a stock index tracking fund and 30% in a bond fund through any discount broker/fund supermarket and never touch it until retirement
Step 8. If any of this confuses you, or you have something special going on, hire a fee-based financial planner, not one who charges a percentage of your portfolio
via thisismoney
Fix your finances in a day
- Set up a high-rate savings account.
- Start tracking your spending.
- Get a better interest rate on your credit cards.
- Find a better rewards card.
- Roll over those old 401(k)s.
- Look at retirement planning
- Getting around to insurance, college, wills
- Raise your deductibles.
31 Days to Fix Your Finances
Stage 1: Figuring Out Your Goals And Values
Day 1: Your Five Main Values
Day 2: Defining Your Goals From Your Values
Day 3: Create A Plan For Each Goal
Stage 2: Evaluating Your Situation
Day 4: How Much Did You Earn Last Year?
Day 5: How Much Did You Work Last Year?
Day 6: Your True Hourly Wage
Stage 3: Building Your Own Life Budget, Not Following Someone Else’s Prescription
Day 7: Work For Your Dreams, Not Your Money
Day 8: Breaking Down Your Expenses
Day 9: Cleaning Up Your Expenses
Day 10: Fitting Your Expenses Into The Bigger Picture
Day 11: Dividing Up The Rest and Finishing Our Time Budget
Day 12: A Flexible “Budget” That Reflects Your Reality
Stage 4: Looking At Your Life, Piece By Piece
Day 13: Pay For Your Dreams First
Day 14: Get Rid Of Debts (Slowly But Surely)
Day 15: Coming In Under Budget and An Emergency Fund
Day 16: Evaluating Your Expenses - Home and Auto Insurance
Day 17: Evaluating Your Expenses - Life Insurance
Day 18: Evaluating Your Expenses - Energy
Day 19: Evaluating Your Expenses - Automobiles
Day 20: Evaluating Your Expenses - Food
Day 21: Evaluating Your Expenses - Housing
Day 22: Evaluating Your Expenses - Monthly Services
Day 23: Evaluating Your Expenses - Bank Fees
Day 24: Evaluating Your Expenses - Entertainment and Hobbies
Day 25: Evaluating Your Expenses - Credit Cards
Stage 5: Setting The Stage For Lifelong Success
Day 26: Refining Your Budget
Day 27: Keeping Good Records
Day 28: Preparing For The Inevitable
Day 29: Paying Cash
Day 30: Live What You Love
Day 31: Keeping It Up
via thesimpledollar
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