Bruce Hokin
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You Can Laugh at Money Worries â If You Gain These 7 Simple Skills
Worrying about your finances can be very draining on you and your family. However, there are a few basic skills, if mastered, can transform your finances and your life.nnPersonal finance and business finance are based on the same principles - only the scale is different. Let's see how business control their finances and apply it to your finances with 7 simple skills.nnSkill #1. Learn Where Your Money Goes (Business controls its spending)nnThis skill is a very easy one to mast
June 28, 2007
Article
6 Little Spending Mistakes That Can Cost You Your Financial Freedom
Can't seem to get ahead financially? Debts piling up? Maybe you're making some of these mistakes unknowingly. These mistakes listed below will help you understand where you may be going wrong and how to get back on track quickly. You can be debt free.nnMistake 1. Living Beyond Your MeansnnThis is the real cause of your worry and stress. If you are spending more than you are earning, whose money are you spending? It's the credit card provider's or the bank's. The cost of this
June 21, 2007
Article
Test Your Personal Finances IQ With This Quick Quiz
Managing your spending habits, saving sufficient funds and clearly seeing your personal financial situation are important elements in managing your personal finances correctly. This test will give you an idea whether you need some more help, or if you're on top of this important part of your life. (The answers are listed at the end of this article.)nnQuestion #1. What does "living within your means" really mean?nnQuestion #2. What damage can only paying the minimum credit car
June 21, 2007
Article
5 Easy Ways a Budget Will Save You Money and Reduce Your Debts
Unless you step up to the challenge of controlling your finances, your debt level and your financial future, who else will? Preparing a budget is the ideal tool to get you started. It's also really quite easy.nn#1. A budget will show your current financial position. nWithout a budget you are not able to clearly see the extent of your spending compared to your income. This is the most important role of your budget. It will show you whether you are living within your means or w
June 21, 2007
Article
7 Important Benefits of Preparing Your Personal/Home Budget Using a Spreadsheet
Have you ever wished to make a start on setting up a home budget but were not sure how to start? Couldn't work out how to do the calculations and were not sure whether the answer would be correct? No more reason to stall. Use a pre-formatted spreadsheet that you only have to enter your financial income and expenses into. There are many of these available on the Internet. Ready to look at the benefits? Let’s go.nnBenefit #1. A spreadsheet clearly shows your thinking and
June 21, 2007
Article
How to Make a Start on Your Personal Budget in 6 Easy Steps
You're a grown adult. Right? How is it then, that this most basic of tasks - the personal budget, has you cowering in the corner afraid of a bunch of papers? It's only a pile of papers that you will knock into shape with a pen, a pad, a calculator and a little determination. Let's get right to it, shall we?nnEasy Step #1. Get those documents into some order.nGo to the drawer, find all the latest credit card statements, the store card statements and the outstanding balance on
June 21, 2007
Article
6 Real Advantages to Setting Up Your Own Personal Budget
Is your goal to pay off your debt and live debt free? Is this what you really want? Millions of people want this too, but are not prepared to put in a little effort to set up a personal/family budget. You could easily prepare your budget in one evening and this can guide you for the rest of the year and into the next. Doing a budget for the first time can be a "eye-opening" experience. You may see the full extent of your debts and spending for the first time. This can be a gr
June 17, 2007