1. Don’t focus on your financesThe reason most people get into debt is because they don’t spend enough time focusing on their finances. You need to get a grasp of where you’re at financially, keep track of your income in relation to expenses and spending habits.
2. Failure to develop a good financial planNo one would imagine going on vacation without planning for it. Yet when finances are concerned, many people don’t plan. A good financial plan can be the difference between comfortable living and struggling to get by.
3. Waiting too long to investWhen making investments, time is of the essence. Compound interest earns money over time; so don’t wait too long to save for retirement. The longer you wait to invest, the smaller your return on investment.
4. Marrying the wrong personWho you marry has a huge impact on your finances. Couples with different views on money, create stress in their marriage. Divorce apart from the emotional pain and suffering causes financial heartache.
5. HabitsAlthough habits seem minor, the prices add up. Buying a $1 coffee each day cost you $365 every year. Imagine how much more money you spend by eating out regularly. If you smoke, the cost of cigarettes along could drive you to quit.
6. Running up credit card balancesIf you carry unpaid balances on credit cards, you are already losing money in interest payments alone. Credit card companies have high interest charges that accumulate with unpaid balances.
7. Be under-insuredYou need to protect yourself and your family from unforeseen emergencies, sickness, accidents and possible death. The goal is to make sure that you have proper financial coverage incase anything should happen.
8. Investing in things you don’t understand If I had a dollar for every sure fire stock tip… I’d be rich. Then I’d lose that money by investing in those tips. Make sure you know what you are investing in, by asking a lot of questions, don’t hesitate to get another financial opinion.
For more information and articles pertaining to family life, visit:http://www.parenttree.com “Healthy homes and Happy families”
Should Real men do housework?
Though we live in the new millennium, studies show that women continue to do a majority of the household chores. Since the 1950s, the mainstream of thinking has not shifted significantly from women being responsible for housework. One reason for this lack of change can be attributed to male stereotypes in the media. It is not masculine to clean; have you ever seen the Terminator washing dishes or James Bond clean floors? In the movies; masculine men blow things up, drive fast cars, use the latest gadgets and have women fawning all over them. These images run through your man’s head, when he’s asked to throw out the trash. It’s true real men are capable of doing housework, but in the real world they chose not to. Let’s look at some of the reasons why?
Choosing The Right Financial Planner
Choosing a financial planner is a very important decision. Who will you trust to handle your life savings and plan your financial future? The fact that someone claims to be a financial planner does not qualify him or her to handle your money. They must have the proper certification, experience and knowledge.
