Tag Archives: budgeting

Valuable Money Lessons at ANY Age!

financial-knowledgeWhen I got out of college, I immediately got an Elder-Beerman’s credit card (a Midwestern department store – are they still around?) In about five minutes I had already maxed it out – an entire $500! Someone wise (supposedly) told me to get the card, so that I could “start building credit.” I think by “building” they meant “destroying!”

It never got that bad, but I made some key mistakes in my early twenties that took well into my 30’s to straighten out. So, in that vein, we humbly present “10 Things Everyone Should Know About Money”, courtesy of US News Money. Here are the bullets:

  1. You have to earn more than you spend.
  2. Saving early will help you save more.
  3. Higher rewards mean higher risk.
  4. Diversification is your friend.
  5. Protect yourself from scam artists.
  6. Insure yourself against rainy days.
  7. Automate savings.
  8. Minimize your debt load.
  9. Track your credit score.
  10. You’re never done learning.

Sad that SO many of these are totally common sense (I should EARN more than I SPEND?) But kids these days… well heck, we were all kids once. Anyway, a lot more details at the original piece, so you know what to do.

How about you? I told you MY dumb money mistakes, circa 1988, so share some of yours over at the MindField Online Facebook page. And have a great weekend!

Simplify Your Finances

yoga at sunset  #9Go on the web and you will find that there’s an official day, week or month for just about everything. “Talk Like a Pirate Day” (Sept 19) comes to mind.  This week, though, the Official Thing seems pretty useful – or has the potential to be. August 1-7 is “Simplify Your Life Week.”

As Thoreau said, “Simplify, simplify.” Personally, I have always thought it would be…simpler to say it just once, but what do I know? Anyway, you go to one of the semi-official Simplify websites and you will see gems like, “Place an artificial rose on your desk to remind you to stop and smell the roses.” Umm, yeah.

How about some real advice?!? Here you go… Woman’s Day offers “20 Moves to Simplify Your Finances.”

How can we possibly make our finances simple? By knowing the right tricks. Choose to become accountable, and then use every tactic you can to streamline—and destress— your financial life. If you can pare things down in the following areas, you’re well on your way. WomansDay.com

The article has a ton of ideas on simplifying and taking the stress out of Spending, Banking, Bill Paying, Taxes, Credit Cards, and much more. I won’t even excerpt it here.. you MUST check it out.

Do any of these tips speak to you? Got any of your own to share? Let us know at the MindFieldLive Facebook Page!