Buffy Summers
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Here are some rules of thumb,1) except for your mortage, pay off all debts which charge an interest rate higher than you earn on investments. 2) Save 20% of your take home and make sure you max out your IRA or retirement savings 3) Set up an account with some low cost brokerage/fund manager like Fidelity.com, and talk to one of the reps about what age you are, how much money you have, etc. That person can recommend some investments for you.
Take a look at MSN money or the Suze Orman site.
Good luck! |
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heavensweetbliss
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There are a lot of things to consider with your question. What is your lifestyle like? Are you married? Do you have kids? Are you over your means? I don't expect you to answer these right now but if you really want some help I may be able to help you, but everything in you life has to be considered when it comes to really wanting help with money management. You can email if you really want help. I know someone in that profession. |
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Chris
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If you have credit cards, cut them up and PAY THEM OFF! Attempt to not live outside of your means ... Pay your bills only when there is money in the bank and dont go out and party untill all your bills are paid. Make a list of your bills and how much money you have comming in then see if you have anything left at the end of the month... if not you need to cut back on things you dont need like internet or TV ... if you have a home phone and a cell phone disconnect you home phone. |
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ludovica B
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what i did to manage my money was to give myself a weekly amount, which i would conserve in cash - no matter what happened (except extreme emergencies) i knew i could not spend a penny more. I'd take a £20 with me before leaving (or however much you need), and if for any circumstances i had to use my card, i would keep the receipt and deduct it from the next week's allowance. Worked for me, and i had a problem! |
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Chris R
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It's really a matter of just simply watching EVERY dollar you spend.
Any time you spend money think about it seriously and how it effects other things.
Money management is one of the most simple yet complicated things.
Just use your melon. |
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bull_rooster_aardvark
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I'd advise just making a budget on a spreadsheet. No need to get any fancier than that, and spreadsheets are great in that they are very versatile. Then as things change/ need to be adjusted, just update the spreadsheet. |
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Darby
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Well, the old fashioned way is to put your check money in envelopes for each monthly expense that you have--rent, phone, electric, insurance, car payment, charge cards. Some things you have to also budget for, say for example, if you pay your car insurance every six months, then you have to save up for that payment. That goes for your car tags, too. You should also try to pay down credit cards and use only one if you must and pay more than the minimum payment. You may think about using one credit card to pay off the rest and then just pay that payment each month. Don't do that and then start running up the other cards. The money left over is for beauty, food, clothes, fun. If you want to take a vacation, start a vacation fund and put a certain amount into that fund.
Start keeping track of every cent you spend and see where you can cut back. Good luck |
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Moondog
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I like this guy - daveramsey.com - pretty tough but seems to be a straight shooter. |
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alex301mi
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I would start a banking account. Put some money in there every week or two and usually the bank will add interest. The interest is different for every place and also how often they add it is different. I started one and it has really helped me. |
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Barbarian
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Depends very much on what you need to manage. try martins money managing tips |
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melissaw77
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Go to your local bank. They usually have an investment representative, that can help you with financial quetions, and set you up in a plan that works for you |
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Maura K
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I suggest seeking out a financial advisor. Although there are websites that claim they can provide quick fixes or easy recommendations, it is also best to ask a professional. They are paid a basic start up fee and usually charge a service fee on any trade activity you perform. This means you will be charged in proportion to what you invest / manage.
Look through the yellow pages, online, and business magazines to find local representatives. It is usually safest to go with advisors from big name companies. |
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-R
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Just spend it, you only live once, and you can't take it with you. That's my motto. |
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