How A Self-Made Millionaire Manages One Dollar

How A Self-Made Millionaire Manages One Dollar By Theodore Henderson The Wisdom Man If you have no idea how to handle a million dollars, I guarantee that the money will evaporate if I wrote you a large check right now. Precisely like 90% of lottery winners that go bust within five years, they didn’t have the discipline or the methodology to handle the money that would have es

Every Little Bit of Savings Adds Up

Living on a budget is the key to financial freedom, but getting started can be frustrating. When we look at our expenses and see all of those bills we're paying every month, it's easy to throw our hands up in disgust. But what about all those little expenses we incur? You might be surprised to find out just how much they amount to. It's easy to dismiss cutting back on little things. A few dollars a month won't make a significant difference in the big picture. But a few dollars here and a few do

Renting A Room In Your House. Good Idea?

The recession has prompted a surge in homeowners renting out spare rooms. Renting out a spare bedroom in your home can be prompted by any number of things: Separation or divorce Job loss or hours reduced Need for more social interaction For the purpose of this post though we are discussing renting out the now extra bedroom that your college-bound child leaves behind. Renting out the extra space can provide you with extra income and a chance to meet new people. But it's a big decision, s

How to Create a Family Budget

For singles, creating a budget is relatively easy. They tend to already have a good handle on how much money they have coming in, and when tracking expenses, they only have their own to think about. But creating a family budget is a whole new ball game and one that can be fraught with anxiety. Most parents simply don't want their children to have to do without anything at all, and while this is certainly understandable, it is actually not the smartest or healthiest way to raise children. Childre

Go Green to Save Green

Long before the green movement, efforts to halt the progression of pollution were solitary and far between. However, since the media has placed the spotlight on the green movement, both companies and individuals alike are doing their part. Never before has there been more of an incentive to make a conscious effort to save the planet from pollution. By following the tips below, you can also save some cash while living green: Go shopping. Continuing to use dated appliances without an Energy St

Learn to Resist the Urge to Spend

Now, more than ever it is time to exercise financial restraint. Rather than spend the last five dollars in your wallet just because you got paid today is not wise. Consider taking that $5 and putting it in your savings account or your penny jar. While it is easy for me to preach the reasons to save money, resisting the urge to buy something you really don't need can be very difficult. One way to help yourself resist that urge is to understand how marketers and advertisers get to you, your emoti

How to Dine Out For Less

This is a great article on saving money while dining out from AARP by Jeff Yeager. He is the author of the book, "The Ultimate Cheapskate's Road Map to True Riches." His Web site is Americans have gone restaurant crazy. According to the U.S. Census Bureau, 42 percent of the typical American family's food budget is now spent on food prepared outside the home—in other words, eating out. As rates of dining out have steadily climbed during the past few dec

Keeping a Lid on Utility Costs

Let's face it, the cost of utilities for our homes and offices are getting more expensive right along with just about everything else in life these days. When you add up the total monthly costs of phone services for home, office and mobile, electricity, gas, water, heating and air conditioning, they can use up a huge chunk of your monthly budget. Here are a few things to consider to get your utility costs to a more manageable level. Electricity I am not suggesting that you do without A/C or h

Pros and Cons of Online Banking

If your bank offers the convenience of online banking, it can help you save on your costs in the long run. It can also provide a convenient way to check your balance, read your statements, pay your bills and transfer funds between accounts. You may also be able to apply for a loan online. Fees may be lower than traditional banking and you will save money on postage that you traditionally use to mail bill the old-fashioned way. If you are concerned about online security, be sure to read your ba

Saving Money is Not Magic! 5 Easy Steps to Save Cash

Now, more than ever, it is critical to have savings. There is no magic to intelligent personal saving.  It's part common sense and part paying attention to the world around you. At a minimum, you should have 6 months living expenses saved in a liquid account. You need to be able to get at your funds quickly and easily without having to sell stock or pay penalties for early withdrawals on various savings vehicles.  Saving money is key to financial security but in the case of a starved rec