Developing Your Money Life And Long Term Finances Through The Fallen Angels

If your financial situation feels good but not great, you might feel like things are falling out of control – and it doesn't have to be that way.

Even when we have good momentum with our money it can feel like things aren't going well sometimes – and we have to recognize that feeling as just our emotions playing tricks on us.

It's not that we don't have a good grasp of what's going on with our money – we just don't feel like things are going well in general, and that can lead to horrifically unwise decisions later when we act on our emotions rather than the facts of the situation – which could be that we're perfectly fine but don't see it.

That is why we need some very strong spirit guidance so that we don't get off track – it won’t be so difficult to welcome in a far stronger financial situation, and we won't have to pull ourselves through excessive challenges in order to get there.

Building up your finances in a way that you can count on your money situation long term – relying on much wiser and more stable finances as you go along – that is how we should live.

We should never descend into past mistakes that we made with our money – we need to get smarter and bring those decisions from the past where we fixed our mistakes moving forward, and bunch of spirits can help us with that …

Lavel – Helps to develop your finances in a way that you are much wiser and smarter, making far fewer mistakes and embracing a money life full of abundance and greater cash flow long term.

This can be a crazy effective power to apply to your financial life – once you see that your money can be stretched and made to last far longer than you could ever imagine, life can get very interesting because you know your money can be made far more efficient than you ever considered.

We are not trying to make something impossible happen here – making your money last longer and making far wiser decisions is simply a matter of changing your mindset and thinking, and once that happens your money situation will never look the same.

Another spirit can help with financial growth in a way that most simply don't think about …

Eshaliah – Brings you to understand your finances perfectly so that you make much smarter decisions with your budgeting and spending going forward; enables you to increase your cash flow in a way that you always have extra cash on hand and never spending your money needlessly going into the future.

Often we don't realize how much of our money goes to unnecessary stuff we buy that we end up not needing and regretting – and that needs to stop.

When you tweak your budget in such a way that your crappy spending goes down and you keep more of your …

How Lack of Fundraising Strategy Harms Your Personal Finances

I held a candid conversation with a soon-to-retire sports personality (name withheld for ethical reasons but let's call her Jane) about her future after years of active professional sporting. She was concerned about how to sustain her charitable activities without blowing her savings.

Influential individuals, including celebrities and athletes, are very active in charitable activities. The strong influence that communities have in supporting 'one of their own' or backing their home team help fuel these relationships. Some of the successful athletes are also beneficiaries of community driven non-profit programs. Therefore, athletes are more likely inclined to returning the favor through engaging in community empowerment activities. But at what cost?

From my conversation with Jane, she told me that despite having registered a non-profit under her name, her donations to other charities were made using her personal account (nothing wrong). However, as someone who wants to engage more in charity work, the problem then becomes how does she solicit for funds using your personal account? And how does she manage her personal finances separate from the charity work?

Like Jane, there are other individuals passionate about charity work but lack strategies to raise funds from their networks and hence end up blowing their savings just to keep up with the spirit of giving back to the community.

Without following a solid plan, it is easy to veer off your goals. And without a strategy, lack of financial prudence creeps in and this becomes a liability to your personal and non-profit accounts.

Once concerns about financial management and accountability set in, the risk of harm to your brand and person escalates. The impact is devastating to both your non-profit activities and to your personal life, including financially. The negative publicity damages your reputation and credibility. It might also attract punitive action from government and professional enforcement agencies.

Some of the disciplinary actions from professional regulators and government (federal) include; deregistration, freezing of personal and the organization's assets, or imposition of fines to serve as a warning.

Luckily for Jane, her case was quite straight forward as so my input was technical. We set up the technical structures for her non-profit and developed a strategic, operational plan. The strategic operation plan will act as the policy guideline for the non-profit in the midterm.

I am also glad to have met Jane and worked with her to develop a prudent plan on how to solicit and manage funds from wealth in her network. Most importantly, I am glad to have worked with Jane in separating her personal financial activities from those to do with her organization.

There might be other people with similar concerns like the ones that Jane experienced. Others might have unclear strategic fundraising plans. I advise you seek professional assistance to straighten up these concerns. They not only stifle your organization's growth potential, but also exposes you to self-inflicted reputation or financial harm.

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My Tips on Improving Your Finances for Life

There is no way to avoid dealing with money and finances these days. Therefore you should try to learn as much as possible to help you make good financial decisions and to increase your confidence about money.

When you make a budget, it should be realistic regarding your income and spending habits. Be sure to include all of your income such as alimony, child support, rental income, or any other. Always use your net income not your gross earnings in these calculations. Once you have the numbers, you can consider how to adjust your spending to stay within your income range. To maintain your budget never exceed your incoming cash flow.

The next step is to total up your expenses, and you should make a list of all monthly expenses. Your list should document each and every expense that you have whether it expense, spontaneous or just a one time expense. Remember that this list needs to have a complete breakdown of your costs. Be sure to add in expenses that you have from restaurant dinners and fast food as well as grocery bills. Reduce expenses linked to your cars, such as gas and insurance. If you have payments that you make quarterly or less frequently, divide them up to reflect a monthly payment. Make sure you include incidental expenses, for instance, baby sitters or storage unit rentals. Try to have the most accurate list possible.

Now that you have a good idea of ​​your income and expenditures, you can start planning a new budget. Look at each spending on your list, and decide what you could do without. If you normally buy coffee from a cafe, calculate how much money you would save on a weekly basis if you bought it from McDonald's instead, or made it at home. Exactly what and how much you are willing to compromise is completely up to you. The first step is identifying expenses that are not necessary so you can use the money for something else.

If your utility bills are rising, you may want to upgrade your appliances to save some money. Upgrading to well-fitted double-glazed windows, for example, can reduce your heating bill dramatically. Besides you can repair any leaky pipes and only run the dishwasher with a full load.

Swap old, inefficient appliances for those that use less energy. Although doing so may cost you some money upfront, over the long-term you will save a fair penny on your utility bills. Unplug the appliances you do not need. In time you will notice significant savings in your energy consumption.

You can make a significant decrease in your heating and cooling bills by improving your insulation, as well as the roof above it. Insulation or roofing issues can be very costly, as maintaining a regular temperature in the home can be expensive. If you invest in the upgrades, it will save you a lot of money in the long run.

Using these tips not only saves you money, but it …

Online Payday Loan Lenders Prompt The Need To Audit Finances

While you are considering taking out an online payday loan once again, it may help you to stop and evaluate your financial situation first. If you have been working with safe online payday loan lenders and have a good payment history with them, you won't have to worry too much about whether or not your loan application will be approved. What you should be concerned about is why your finances continue to point you in the short-term loan direction.

If you are one of those people who use a short-term loan multiple times a year to handle some of the heavier payment months or to take care of unexpected costs, you should stop and ask yourself why. What is it about your budget that does not prepare you for anything extra? What do you think you can do about it? For starters, be thankful that you can get online payday lender help, keep up the positive payment history and find out how you could prevent needing one again.

Your first task is to survey your personal finances. There must be some areas of the budget that once adjusted may help alleviate some of the monthly challenges. For most people, food is the first budget category that is evaluated. With multiple trips to the grocery store each week and eating out costs, it would make sense to look to cut back on food expenses. It would not be much of a surprise if you are overspending on food, but don't stop there. Look through all of your budget categories. Another category that can often be trimmed down is entertainment. Trim down costs to free up extra money.

Some people find that trimming budgeted categories helpful while others find it stressful and struggle to make it work. You can only slash food costs so much before you give up and spend away. It may take a larger cut back to make your budget work. Don't stop looking for ways to save income. Take the time needed to audit your personal finances. Take a look at some of your bigger expenses. You may have to trade your car in for a less expensive model. If your credit is good, you could look into refinancing the remainder of your loan. Car payments are a great area to save. Switching to a vehicle with better gas mileage automatically helps the budget. A less expensive vehicle would also lower the once a year registration cost. This alone could decrease your need to use low cost payday loan lenders .

Once the audit has been done, there are some who choose to downsize their home or move to a smaller apartment or a less expensive location in order to make their income more manageable. Saving even a few hundred dollars each month from routine expenses is what makes the difference between a person needing a fast cash advance here or there or having the money to solve financial problems. It will definitely free up the cash needed …

The Wright Place – Finances

Women have a love / hate relationship with money. Most of us do not enjoy dealing with it, yet we know not having finances under control will cause our entire family to suffer.

A recent guest on the show Karen Franks, explained how important your credit is and how you should check on it often. 'At least twice a year ", says Karen Franks. Checking our credit is one important proactive way we can make sure we are in good financial shape. She also mentioned that many married women have better credit score than their husbands, even if they do Not make as much. When another show guest, Dan Contreras talked about financial planning, he stressed using a professional. 'Don't rely on hearsay, get some real understanding about your situation. " And Linda Hollander the author or Bags to Riches says "Mentors are the fast track to success". Find someone who has reached the same financial goals you want to reach and then do what they did. This simple technique works even if your goals are modest. While everyone's situation is different, I really just want to motivate you to do something to have a positive effect on your finances. Here are a few simple things you can do that will start the ball rolling.

1. Get a copy of your credit report and check it for errors (free if you have been turned down for credit)

2. Look at your savings plan, are you on track, do you need to increase or decrease the amounts you are trying to save?

3. Look for your insurance policies, be able to get them immediately, know exactly where they are.

4. Start some financial education with your children. Start a student saving account.

5. Start planning next year financial goals. What do you want to change, what goals do you want to accomplish, what new accounts do you need to open and which accounts should be closed.

If you handle your finances you'll be in The Wright Place!

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Personal Finances and Debt Management

Income is hard-earned and precious in terms of future needs. Don't think of it as 'easy come, easy go' as many are all too wiling to do. To ensure one can manage one's needs and not go into debt it is advisable to put some aside each income day. That little next will grow in time and when emergencies arise it will be on hand. If, on the other hand, one has already stuck bad times and has debts as a result then there is a way of managing it.

For this exercise you need a special book. It can be an exercise book in which you rule some columns, or the more specialized ledger bought from the store. On one page you need to write all your debts, include such things as rent, expected cost of shopping, and such. It matters not the quantity or size at this stage. Make a total at the bottom.

On the opposite page write out all your income. You will quickly see how much short you are between the two columns. Now here comes the tricky bit.

Subtract the rent and expected shopping from the spending total. Now decide what are the most pressing bills you have to pay and the total of them? Ring each company and offer a smaller payment per week or fortnight over the next couple of months. Don't over reach yourself and make sure this is doable.

Make a note of this commitment on the debit side and total that to the rent and shopping amounts and make sure you have covered them. Now take a little extra, whatever you can afford, even if it's as low as $ 5 or $ 10 and slip that into an envelope and put it in a safe place. Don't spend a cent unnecessarily. Forget the cups of coffee and luxury items because they don't fit the budget.

Slowly work your way out the debt situation and don't buy anything for which you can't pay cash. Cut up the credit card and use only cash to purchase your goods. Rent can be paid through the b-pay system is possible, along with the bills from other companies. This will save you time and effort in running around.

This program works and all it takes is discipline and time to work out the budget and stick to it. In time the little bit you set aside each income day will give you security to deal with the unexpected humps as they arise. They might also be enough to provide an outing or a holiday once in a while. Under no circumstances relax about managing debt because you will never regret it.

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Personal Finances Is All About Breaking Bad Habits And Creating New Ones

People are often tempted to give unsolicited advice to others about the best way to manage finances. You'll come across ideas that work and get you places, but often people are offering up such generalized advice. Trying to put together bits of information and use it in a meaningful way is not usually the best plan, as some of the information may be flawed and other parts confusing.

How can you take good care of your money and your finances so that you do not end up frittering away your savings on things you don't need?

Generally, the problem is that most people lack a good understanding of just how important saving for the future is. Most people are going to do everything else with their money first before they even think about saving. Although saving in this way is better than not saving at all, it is in fact a highly ineffective way to build any kind of financial independence or security.

Managing Your Personal Finances

If you want to save money for the future, you'll want these tips to help you on your plan. Many people who practice these methods are surprised at how easy they are to follow.

Simply set aside 20% of your paycheck.

Just reverse your spending and saving habits, instead of putting away your savings after you spent what you thought you needed from your income. Take 20 percent of your earnings first and put it towards savings before spending it all. Make sure to deposit this money as soon as you get paid. Whatever is left after the 20 percent has been saved can then go to paying bills, buying groceries and even getting yourself a new pair of shoes.

This method ensures that you'll have the cash on hand that you need for your future and helps you to be more effective when you develop your budget. It's a good feeling when you know that you have cash on hand for emergencies.

Keep Things Simple

There are too many people who are going to look at the latest gadgets and get wooed. You cannot let others around you dictate what you are doing with the money that is in hand. You want to buy the latest iPhone, but there is something you must ask yourself. Think about it, do you really need to spend the money on one?

Is there something in the newer model that is not there in your present one? There is no shame in being rewarded with luxurious items, but you need to keep it under control. You should never forego important expenses to purchase luxuries, and your twenty percent savings rule mustn't be violated.

You Want Cash Over Credit

Don't fall for fancy credit card marketing. So many people end up with huge debt due to starting to buy small items using their credit cards. It's easy to get lured into the trap that a $ 50 purchase won't wreak financial damage in the future because it …

Divorce Financial Planning: Take Control of Your Finances

Do you know your credit score or the details of your Social Security report? Can you find the deed to your house, mortgage, life insurance policies, car title, car insurance policies, tax returns for the past 5 years, brokerage and bank statements for the past year? Do you know what your spouse earns or how much is going into a 401k plan annually?

Getting divorced is often a wake up call when it comes to finding out what you know and don't know about your family finances.

Managing your finances is not about knowing which stock, bond or mutual fund to buy. It's about knowing what you own (assets); what you owe (liabilities); what's coming in (income) and what's going out (expenses). It is about paying attention to where your money is going and being organized.

You're going to be asked to produce a lot of financial paperwork and documentation for the court, your attorney or mediator and for your soon-to-be ex spouse. So, let's get started:

Clear off a workspace and gather all your statements: bank, brokerage, credit cards, etc. Other supplies to gather: paper, pen or pencil, 3-ring binder, hole punch, index dividers, highlighter and sense of humor.

First, we're going to tabulate your net worth (difference of what you own versus what you owe): make a list of everything you own: house, car, brokerage accounts, life insurance, retirement accounts and their value (the internet can help- try KBB.com and zillo.com). Then, list everything you owe: mortgage, car loan, credit card debt, school loans and their outstanding balance. Keep this information stored in the first section of your 3 ring binder.

Next, find where your money is going (the cash flow), or the reality of not having a clue as to where you spent all that money. The easiest way to determine your cash flow is a computer program like Quicken or QuickBooks. A useful website is mint.com. If you prefer not to use the computer, this can be done with Excel, columns on lined paper or on graph paper.

To make a budget, gather your checkbooks, check stubs and charge card statements. Give each spending a category and a subcategory. Example: Utilities: phone, Utilities: cell phone, Utilities: cable and enter your expenses for each month. You will get a total for each subcategory as well as a total for the whole category of Utilities. Don't forget to enter your income, including income from child support and alimony. Print a report every month, and a quarterly report every 3 months. Put these in a Cash Flow or Budget section of your binder.

It may take you several months to get a picture of your income and expenses but it will become the foundation to manage your finances as well as negotiate child support and alimony.

With a handle on your cash flow, you can look for places where you can reduce expenses or control spending. Try taking 10% off the top of your income as savings. Then, rework …

Canadian's Personal Finances Fiscal Cliff: Are We There Yet?

Today we hear much talk about the USA's economy approaching the so-called "fiscal cliff." What about your personal financial affairs? Are you at the fiscal cliff as we inch toward 2013? Canadians are swamped in debt. Monthly, we read about the rising debt-to-disposable income ratio that stands now at around the precarious 164% level.

Despite the world and many at home commend our government for its brilliant fiscal management, few warn about the unsustainable personal debt levels. Indeed, our central bank chief, Mark Carney, accepted an appointment to a similar role at the prestigious Bank of England. Will his legacy here be that of hero or villain? Will history show that he held interest rates low for too long, encouraging many folks to take on debt they cannot afford?

To his credit, he, our finance minister, and prime minister have been warning Canadians about these dangerously high personal debt levels. However, Carney could curtail the rise by raising interest rates. Sure, higher rates will dampen current slow economic growth. Even so, I think short-term pain is better than the likely personal finances' crash that might happen if debt remains at present levels, or grows.

What can Canadians do to avoid their fiscal cliff? Let us examine three vital steps.

  1. Accept you are dangerously leveraged.
  2. Set a mechanism in place to live with declining debt
  3. Develop a new vocabulary to guide your behavior

Accept You Are Dangerously Leveraged

You can't solve a problem unless you recognize it. Do you think you are carrying too much debt? Your banker might tell you no; However, you alone can answer this. Take a helicopter view. What are you and your family's emotional responses to your debt? Are you worried? Can't sleep? If yes, you have too much debt. Certainly, look at ratios, but this is the key barometer.

The emotional cost of debt is the first and the most significant cost. If debt is 10% of income, and is causing problems for you or at least one in your family, it is too much. Still, you must accept reality and decide to live with it, take on no more, and start a debt free lifestyle.

If you are a Christian, give this emotional stress to Jesus (Matthew 11:28).

Set A Mechanism In Place To Live With Declining Debt

People are impatient. We live in a now society. Sadly, probably you got into debt over a long period, and it is likely you will get out over an extended time. Accept this fact and learn to live with it.

Develop a strategy to live in your debt. Look at how you got there; draft principles to prevent a recurrence; and then write a financial plan – alone or with help. The plan should show concisely how, by following your principles, you might be debt free in a specific time.

If you got into debt by impulsive spending, you might develop a principle never to buy without a list and a budget. As well, when you …

Calling All Millennial Women: Your Finances Need You

In our last blog we discussed the results from the USB survey indicating the deferral of financial planning by women to their partners. If you recall, the highest demographic for this was millennial women. Millennials are famous for being an easy target for mockery but perhaps it's time for the prior generations to help them pull up their bootstraps when it comes to financial planning.

Millennials are the fastest growing group in the workforce and are dealing with the challenges of graduating during a recession and the continued wage gap. Combine these factors with the likelihood of taking time away to have children and a longer lifespan, it's more important than ever to master finances and long-term planning.

Another layer of complexity is that most millennials are raised by parents who live with high debt-ratios. Baby-boomers were raised with a fear of owing money and made a concentrated effort to avoid it and to pay it back as quickly as possible. The next generations were handed credit like candy and indulged. Learning by example may not be the best course of action, so we've compiled some advice for the up-and-coming.

  1. Spend Carefully . Along the same lines as "think before you speak", think before you buy. Evaluate what long-term benefit that item is going to bring to you. When it comes to the nickel and dime type expenses such as your daily dose of fancy coffee, invest in a fancy espresso machine at home.
  2. Build an Escape Plan. Life often throws challenges our way and true power comes from being able to choose your own path. Having some cash squirrelled away allows you to make the choices which are right for you and prevent you from returning back to what was keeping you in debt.
    1. Set up an automatic deposit from your paycheck to an account which you are not able to easily access. That way you never had the money, so you can't miss it.
    2. Funnel your wins. Instead of "treating" yourself with your birthday gifts, tax return or bonus, treat your future self by putting it into your savings account.
  3. Manage Your Debt. You've grown up in an era of credit and debts from student loans to car loans to credit cards. Make a list of all you owe and the corresponding interest rates. This will enable you to prioritize which debts you want to pay off the quickest. High-interest debts should be the first target to stop the cycle of handing your money to an institution.
  4. Save for Your Future. It's hard to look that far forward when you're in your 20's, but imagine the freedom of being able to live your life your way when you're older. With a few sacrifices, you can save now and play later.

The millennial generation espouses the importance of equality, empowerment and independence. As a millennial, it is your responsibility to implement changes in your life which align with your values. If you want to be in control of your …