How did your parents manage their money? If you are not sure, chances are good that your parents did not have a strong impact on the way you are living and spending (or saving) money today. However, you may not realize that what your parents did with money really did impact your own lifestyle choices....
Category: Investing
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Three Reasons to Join Finances with Your Partner
At a glance, you would think that a couple that keeps its finances separate would have less to fight about when it comes to money issues. Research has indicated that just the opposite is true. Keeping all of a couple’s finances separated can lead to more misunderstandings in the long run. Separate Accounts can Mean...
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The Importance of Savings
Putting some money aside for savings is a really important and smart idea. It’s so easy to get caught up in our everyday lives. We need to do everything we can to keep on top of our regular finances, such as a checking account and paying bills, but we all know in the back of...
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Steps to help you make, and keep a budget
Budgeting isn’t fun, and the very idea of it has discouraged most of us from even trying. However, having and following a budget is essential for our future, and easy when you know how to do it. Savings offer both instant and long-term rewards. Whether you already have a budget that isn’t working out for...
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3 Financial Tips for Young Adults
Being a young adult is such an exciting time in life as new found freedoms and responsibilities arise. The pursuit of careers, relationships, first house, and FUN is on the priority list and financial decisions at this point in life can be crucial to financial success throughout life. Let me assure you that if you...
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The Five Most Common Tax Deductibles for Small Businesses and the Self-Employed
In the wake of the credit crunch and many years of erosion of the old job-for-life culture, more and more people are concluding that there are no longer any advantages to be had working their guts out for someone else. Instead, self-employment and setting-up your own business is becoming increasingly popular. As are freelance and...
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Tricks To Combat Impulse Buying
Think before you buy it. Easier said than done, right? Most people find the urge to splurge quite hard to resist. Impulse buying is a dangerous habit and is the cause of needless debt. So how exactly do we avoid this trap when we are but mere humans, constantly subject to sale posters and marketing...
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Keep Your Finances In Order With Some Money Saving Ideas
FinanceWand has some great financial tips and ideas. However, I was mulling over some simpler ways we can all save money in the home. I’ve put together a list of simple money-saving ideas. These will help to keep your outgoings down and leave a little more cash in your wallet for those little luxuries that...
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Top 5 Free Online Money Management Tools
With today’s economy being the way it is, everyone is trying to make their money stretch as far as possible. To help you manage your finances there are some good free money management tools available online. Yodlee Yodlee MoneyCenter is an online management tool that has been around for a long time. It is easy...
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The Endowment Effect-A Really Difficult Challenge
Biases distort our view of the world and lead us to make wrong investment decisions. When written down simply, we can laugh at the simplicity and boast that we would never be taken in. However, it will happen to you time and again. Let me illustrate with two stories, one personal and one involving one...