Long-distance Business Travel and Crisis Preparedness

Guest Post- J. Vanne

I don’t know what the future holds. Nor, in reality, do the elite in Washington, Brussels or Beijing.  Despite the hubris of the planners, the law of unintended consequences, as well as just “plain ol”  human error and ineptitude, will never allow man to create utopia, any more than a man can pull on his own bootstraps and lift himself up to Heaven.  We may be fortunate enough to see a renaissance in the West, much like what Reagan and Thatcher brought to light.  However, there are other indicators that do not bode well: For example, you may wish to review Reinhart and Rogarth’s book This Time is Different:  Eight Centuries of Financial Folly, on the utterly crushing nature of what out-of control debt can do to an economy and society that allowed it.  Or perhaps google work by Dr. Lawrence Kotlikoff of Boston University, who has noted that if all unfunded liabilities in the U.S. were totalled, we are looking at not $16 trillion-ish reddish ink (now up to $17 trillion since I first began drafting this!), but actually $222 trillion. Do (Read More….)

Spend When Needed While Still Controlling Impulse

By Vera Mosely

Impulse shopping can wreck any budget. The real fact is that most individuals do not realize how much they are spending weekly on impulse shopping. Shopping is a fact of life and one common chore that most individuals have to do on a weekly or semi-weekly basis. But impulse shopping can be curtailed, helping to maintain a budget. The key is a prepaid card.

Before going into how much a prepaid card can save money by controlling those impulse buys, it is important to realize how impulse shopping can cause financial hardship. Consider this: on average people spend $10 to $50 dollars a week on impulse purchases. That’s the average; many have their spending under control. These impulse purchases can be beverages, snacks, magazines or even going for the extras on a budgeted necessary purchase. Added up over time those small impulse buys can total more than $6,000 over a decade. The money saving newsletter,  “Living a Better Life” shows how quickly these small purchases can add up into (Read More….)

Eliminate Debt In 7 Simple Steps

Having a lot of debt to pay can be very troublesome. Credit card debt as well as other forms of debts is actually a big issue especially in the United States. For example, most people who have credit cards still have balances to pay. And these balances even have an interest rate of 10%-30% APR.

If you would like to get out of debt, then you are on the right page. You should read the rest of this article in order to stop amassing more debt and to start paying them one by one.

Write down everything you have spent for a day; this is the best way to keep track of what you are spending. Every single day, you have to write down everything you have purchased or paid for. This will help you check if you are spending more than your required budget for a particular day.

Avoid amassing more debt.

Cut down all of the credit cards that you have. Only one credit card should remain. And this credit should only be used to buy during “emergencies.” The remaining credit card should only be used to purchase thing you are capable of paying off in a short amount of time.

Divide your spending into categories.

You should (Read More….)

Financial Tools You Can Use to Teach Your Kids Money Management

Providing your kids with a sound financial education is one of the most important steps you can take to promote a better future for them throughout their adult lives. A financial education will provide kids with the tools they need to make better spending and saving decisions. A key aspect of a solid financial education involves providing kids with money management tools and teaching them how to use those tools responsibly.

Checking and Savings Accounts

Many parents will open a savings account for their children very early on in life with birthday and holiday money. They may contribute to this account on their own as well. However, once kids are old enough, they can start working around the house to earn an allowance. When kids are old enough to work at a job outside the house, parents should help kids open a checking account at the bank.

With regular oversight and attention to these accounts, parents can teach children to save a portion of (Read More….)

3 Ways To Lower Your Spending

In this economy, families all across the nation are searching for ways to lower their spending. Instead of removing things from their budget, there are other ways to reduce their monthly expenses. Consider these three tips to help you lower your spending.

1. Cook at home

Some research suggested that nearly half of all families are accustomed to eating out more than three times a week. Initially, it does not seem too expensive to eat out, especially at fast-food restaurants, but the monthly totals can equal hundreds of dollars. In this economy, even just one-hundred dollars is a lot of money.

Additionally, some people state that cooking at home can become expensive, as well. However, with smart shopping, ingredients can be purchased at a fraction of the cost of eating out.

Moreover, along with saving money, eating at home is a great way for a family to spend time together. Dads can use their BBQ smokers to make some great food (Read More….)