RECESSION

OMG, talk about living in a recession. It has been a while since I have posted some great tips on how to live smart. Well I am still learning myself. In this past couple of months things have just been crazy. From high gas prices, to storms, and to the troubling economy. These specific things are what makes it even harder to manage or create new habit that work in our favor. Everyone is wondering what the new president will do. Everyone needs a little relief somewhere whether it is financially or personally. Struggling is far from over and offering ways to save and get ahead may seem a little far fetched right now. I have researched so much when it comes to investing and securing my families future it is amazing. Keep looking for this great information for it will be posted shortly.

Remember recession or not stay positive and faithful.

EDUCATION TOO?

I'm sure everyone has heard, there will be an increase in tuition expenses this year. Just what we need after everything that has risen on us. Gas, food, and school. What are they trying to do to us. Some people can't even afford to go to school without grants. Pretty soon they will have to get loans in addition to thier grants just to cover the cost of school. I'm sure there is some other kind of way to do this instead of raising the cost. The quality of education should be reconsidered instead of getting more money. What is the world coming to?

Times Getting Hard?

For some people times are getting very hard. Gas, food etc. Our people need help. Those who were trying to become stable financially are finding it hard to make ends meet. What does this mean? They are getting back into a hole that they will have to crawl out of. Maybe minimizing bills and getting rid of things that you don't need. This will save us money and I know it will be hard but we as individuals have to make sacrifcies. Let's try cutting our cost as much as we can and then see what we can save. Somethings have to work. Ya think

Gas Prices... Whew!!!

Ok, with the gas prices and food going up, will our jobs start paying more money. Possibly not!!! The economy is so screwed at this point to where everyone is stuggling to make ends meet. What are we to do? SAVE. Yea right, it is so hard to do when you have everyday things coming up unexpectedly. We try to limit our driving to save on gas but can't, we still have to get to work. Well what about car pooling? This may work in some states. We as individuals need to get together and share those specific things that work with other people to help them. One mother does not work but takes her kids to daycare 10 miles away everyday. Is this smart? Well not if you have nothing to do. Keep them home and save on gas. It is so hard for us to buy those things that we do not need. Have food at home, don't eat out. This is hard because when we crave certain things we want and we get. We need to be more focused. Financial security is ultimate success and we need to take steps to get there. Lets's help each other. What will it hurt

Got Money?

Many people are scared to put away money in the bank, instead they keep it elsewhere. Keeping money in the bank is a good thing because this is for some people a better way to save. Having your money in more than one place is also a good idea. I live in Louisiana and when Hurricane Katrina hit the individuals in New Orleans lost most of their money that was in the banks. There was no way of getting in touch with the people there because it was under water. So having money in more than one spot is great. Maybe this is a trick that will help some people forget about one account so their money can really add up. We have to fight temptation and it is sometimes hard to save. Look at what saving any little thing can do for your future. When a rainy day come you want to be able to overcome it. Sudden lose of job, would you have money. Just a thought.

Be Safe or Take Risks?

When I think about being safe it just means I have to make safe financial decisions. I would not want to make a decision that I would have to pay for later on. An example would be purchasing a car with not so good credit. The terms of the loan are if you are a day late over the due date you are charged interest of maybe about $6.00 which is added to the loan balance. Talk about caught up. Sometimes individuals have to be late and having this type of loan will not help. Tips would be to shop for the best rates and not jump on anything. Ask questions (this one specifically about interest), Try to get financed through a credit union or bank instead of finance company. The interest is usually lower as well as monthly payments. To gain this type of loan would not be a good financial move unless you are paying the vehicle out quickly or you are NEVER LATE. (What are the odds of that)Interest added could be the extra money you need to put into a savings.

Saving Tips

What are some good tips for saving money? Ways other than savings accounts or IRA's. These are good ways to start. What about DRIP accounts? Is this a good investment? One way I have found to be good is to get a certain amount of money automatically taken from my checking account and put into a savings. Does this actually work when you subscribe to online banking and you can see both accounts, so you see your savings wealth building. Talk about temptation when some just transfer the money back into checking when they need something that may not be that important. So overall is this a good saving tip?

How do you live smart in all ways? Financially, etc.

We as individuals do not know how to live smart. The biggest issue is when it comes to our finances. How to invest and put away the correct and smart way. Obstacles we have to overcome just to be financially set free and what we have to do to gain self control. What can we do to find way to change our daily habit and get in the mind set to prepare our selves to live comfortable and free.