Is Dave Ramsey Unrealistic?

Dave Ramsey is known for stating that you shouldn’t borrow money, at all. If you can’t make the purchase with the income or cash you have then you can’t make the purchase.   However, in our society, using credit is not just common it’s ingrained. Credit is used to make large purchases such as cars, houses, large appliances for the home or business, loans for education etc. I remember not…

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10 Actions Needed for Financial Freedom

The terms financial freedom and financial independence generally refer to the same concept or ideal. However, individuals consider them to mean different things. For some they mean debt free, having the ability to live without working to earn income, or being financially secure and not stressing about money. Whatever your definition of financial freedom, there are some key actions that you should take to get you on the right path…

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These Are Not Great Ways to Save Money on Taxes

During tax season, most people get a refund after filing their taxes. Many of us then start to consider how we can save money on taxes next year and what we will do with our tax refund (if we haven’t completed planned it out already). Many people offer advice on things you should do throughout the year to save money  on taxes the following year. Some suggestions I think are…

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5 Reminders for Tax Season

It’s tax season and how you file can save money and reduce the risk of owing the government. Check out the great tax tips from our guest writer Ronald Fitzgerald, CEO and Founder of Finance 101.   Anyone who has filed taxes a few times can tell you that it can be either simple or a lengthy, elaborate process. Tax returns differ yearly based on changes in location, job, or…

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Financial Items You Need to Review

When you start a new job you have a lot of paperwork to fill out in order to set up your benefits. You’re told about the health insurance plan, dental insurance plans, retirement plans, the pension, how to designate beneficiaries etc. You have to fill everything out by a specific date and if you’re doing it during orientation you may feel quite rushed. You might have said ok, whatever they…

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How to Handle Inconsistent Income

No matter your income level, you need a spending plan. It’s not how much money, it’s how you work it. You may have seen the reports that a huge company like Wal-Mart and others didn’t meet their projections last quarter. Two points or takeaways for you: 1) They had projections of how much revenue (for you likely  income) they were going to have. 2) Sometimes things don’t go according to…

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3 Steps to Stay Out of Debt

Credit card debt is a major problem. The average American household has $15,270 in credit card debt. The average interest rate for a credit card is 14.95%, but we know the range goes up as high as 30%. Ouch. But you made a debt reduction strategy, you challenged yourself, and you paid it all off or are really close to paying it off. Congratulations! Are you resolved to stay out…

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6 Steps to Improve Your Money

I was scrolling through Entrepreneur magazine and came across the article 6 Steps to Salvage an Unproductive Day, you can check out the original article to get those tips.  As I read through this article occurred to me that all the steps can also be applied to being productive with your finances. Read the six steps below to help you better manage your finances.   Step 1: Clear the clutter.…

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Get Organized and Save Money

Americans paid 18 million in late fees in 2011. Paying late fees are a symptom of disorganized finances. Organize bills so you know when they’re due and how much you owe. Paying bills in a timely manner is a small section of your personal finance management, but a necessary one. Have you ever opened a bill or an email reminder about a bill coming due and thought ok, I need to…

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Key Things to Do Before Investing

Investing is a great vehicle to make your money work for you, your money goes to work at another company and makes you money (provided the company does well). You can invest yourself or you can get help from a financial planner or advisor. Many don’t have the knowledge, time, and energy to monitor the market, so they hire someone else to do it. Some jump in on their own…

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