Many planners suggest only having one credit card and not carrying it with you. I recommend reading Taming the Money Monster by Ron Blue. It really is a great book.
KAYF2213 4/2/06 10:24 A
Hi KayJay, I have the same probem w/ credit cards, so I keep them at home. I don't carry them with me anymore, that way I don't buy on impulse, if I really, really want it, then I can always go home and get the cc, but usually 99.9% of the time, its not worth going all the way home.
MOM2BOYS 4/1/06 11:52 P
Sounds like a good group.
KAYJAY 4/1/06 2:06 A
First step I need to take with finances is to keep my hand out of my pocket and away from the credit cards. Easy to spend hard work to pay back and boy is that interest fat. The only pounds I'm losing at the moment is sterling! The only thin thnig is my purse! Where do I start? Kayjay.
MARMOLSD 3/29/06 12:03 P
Hi there! And great day to you all!
We are at the starting point for the Personal Financial Planning Group. You may search for the group if you'd like.
Here's the opening message: ----------------------------------------------- Achieving balance in life is no easy task: health, family, finances, relationships, work, etc. They all take a lot of energy to maintain. But what is our option? If we don’t balance our health, we stand to lose energy and physical capabilities, not to mention the added costs of healthcare – and if we don’t balance our personal finances, we stand to struggle terribly financially as we get past our productive years, we stand to leave our families unprotected financially in cases of medical emergencies, disability, unemployment, and death.
I truly hope this group will help us all in the arduous task of balancing our personal finances: to gain knowledge and awareness of the importance of financial planning, and finally to spread the word to positively affect as many people and families as only one can imagine.
However, in our search for financial knowledge, we must always understand that personal financial management is exactly that: a personal affair. What works for one person can possibly be disastrous for another. Therefore, it would be recommended that any ideas and information proposed in this group are both carefully analyzed and understood before it is applied in your personal financial planning. Providing resources, such as books, websites, and general concepts is definitely preferred as opposed to a specific company or investment propaganda.
Here are the main concepts and ideas to consider when developing this community group: 1)Setting Financial Planning Objectives 2)Basic Financial Planning Principles: financial budget, emergency cash fund, savings plan, etc. 3)Using Insurance Effectively: including health, life, disability, and property and liability insurance. 4)Marriage and Finances: expectations and management of combined incomes. 5)Divorce and Finances: meeting your financial responsibilities. 6)Children and Finances: child care, healthcare, education. 7)Financing Education Expenses: planning for your children’s college education. 8)General investment principles: 401K’s, IRA’s, Savings Plans, and other. 9)Retirement Planning: How long do you think you’ll live and how much would it cost? 10)Estate Planning: Do you plan on building an estate to pass down to your heirs? 11)Income Tax Planning: Recommend getting the help of a certified accountant.
