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Saving and Investment Course

If you constantly find yourself needing credit to get you to the next payday, you are living beyond your means. Re-evaluate your budget and talk to your banker or someone else who can help you get your finances straight. Unless you pay your credit card bill in full each month, don’t use it for anything you can eat or wear.

2010 Action Plan #3: Control Your Income

It wouldn’t be hard to predict that it’s going to be more difficult to make money in 2010. Employees and entrepreneurs alike are experiencing a decline in their earning power due to pay reductions, job layoffs, and consumer spending cuts. Investors who had previously benefited from lucrative profits in the money market now have to cope with decreasing returns.

How can you survive when you are not earning enough? Let’s look at some of the typical challenges that people are facing today and offer some possible solutions to these problems:

Personal Financial Tips

Pay your bills on time.
Eat more at home and less out.
Take your food to work.
Forgo the ice cream store and pop popcorn at home.

More Financial Tips

Personal Financial Tools

More Financial Tools

Stocks

Stocks are generally liquid investments. Prices of stocks fluctuate up and down and the returns of stocks are not fixed.

Bonds

“Buying bonds” means lending money to government, municipality, corporation, federal agency or other entity known as the issuer.

Mutual Funds

Mutual fund pools money from hundreds and thousands of investors to buy a portfolio of stocks, bonds, real estate, or other securities, according to the investment goals of the mutual fund.