3 Budgeting Tips for the New Year

Is developing a personal or a household budget one of your financial resolutions for 2013? If it is then, you will surely benefit from the pointers tackled in this article. That’s because, in the paragraphs below, we have enumerated and discussed several budgeting suggestions you can use to gain control over your personal and household finances.

Image from www.freedigitalphotos.net.
Image from www.freedigitalphotos.net.

Purchase or download budgeting software. A lot of websites today offer helpful tools you can use for drawing up your personal or household budget. You simply need to use a reliable search engine; employ appropriate keywords like “budgeting software”, “personal finance kits”, “budget plans”, etc; hit the enter key; and soon you will several links to online firms that can give you the software you need for a minimum fee, or in some cases, free of charge. Continue reading “3 Budgeting Tips for the New Year”

4 Financial Steps to Take, This Year

We’re already in the third week of January 2013. Are you through working on your financial plans for the year?

Image from www.freedigitalphotos.net.
Image from www.freedigitalphotos.net.

If you’re yet to draw up a clear financial plan, for the current year then, allow us to discuss with you some steps you can take in the first two to three months of 2013. We believe that by employing these simple suggestions, you can eventually become more responsible, in terms of managing your day-to-day finances.

Establish a contingency fund. Did you find it difficult to finance medical emergencies and urgent personal expenses last year? If you did then, it’s about time to establish, not just a personal savings account, but also a contingency fund. Open an account in a bank nearby and strive to deposit a certain amount of cash on it, either on a weekly or on a monthly basis. By doing so, you will eventually have funds you can tap on in case of emergencies, and even during calamities and natural disasters.

Pay close attention to how you manage your existing lines of credit. Keep in mind that the manner by which you handle your credit cards and loans can have a huge impact on your chances of qualifying for lines of credit, in the coming months. Continue reading “4 Financial Steps to Take, This Year”

3 Budgeting Tools You Should Try Out

If developing a budget is one of your main goals for this year then, we encourage you to pay close attention to the paragraphs below. That’s because in the remainder of this piece we have discussed several budgeting tools you should try out for you to succeed in your financial endeavor.

Image from www.freedigitalphotos.net.
Image from www.freedigitalphotos.net.

The traditional folder- or envelope method. If you wish a conventional approach, you can simply get several folders and envelopes and mark them with the expenses and costs you incur, on a monthly basis. Then, fill them out with funds you can use to cover your expenses, every time you receive your mid-month and/or month-end salary.

In case there will be extra funds left, set it aside for your contingency fund or for your personal savings account. That way, you can have cash you can eventually use in case emergencies arise. Continue reading “3 Budgeting Tools You Should Try Out”

Financial Goals You Should Set in 2013

Have you found the time to consider the answer to this question: What are my financial goals for this year? If you haven’t then, now’s the time to do so. That’s because we’re a few days in 2013.

Now, if you still cannot think of goals you can aspire to achieve for this year then, you might as well use the suggestions we have discussed below:

Draw up a personal or household budget. If you haven’t used a budget plan to help you in managing your personal or household finances then, today would be the best time for you to do so. What items should be found in your budget? It should contain actual values of your personal or accumulated household income as well as the individual items you or your family members usually spend cash on.

Image from www.freedigitalphotos.net.
Image from www.freedigitalphotos.net.

Continue reading “Financial Goals You Should Set in 2013”