Smart Financial Moves for 2009
Do you have your New Year goals set yet? Is some of your goals next year Financial goals? I feel next year will be a much better year for everything, especially the stock market and gas prices. I do feel a good thing for everyone to do is to continue to get more Financial Education. Here is a quote:
WARREN BUFFETT ONCE SAID: “Risk comes from not knowing what
you’re doing”.
Besides your Financial Education in 2009 here are some more ideas of possible Financial goals.
Smart Financial Moves for 2009
With big corporations like, Washington Mutual, AIG, and Merrill Lynch unable to pay their debts, how can the average person expect to survive financially in these though economic times?
The good news is that although we have much less money than big companies, as individuals we have much more immediate control than corporations. We don’t have to worry about shareholders, policies, r getting approval from management. We can implement changes to our finances on a moment’s notice to react to changing economic times. Here are some financial tips for spending less money and saving more money in today’s rocky economy.
Create a Budget:
In tough times, it’s important to limit your spending on unnecessary extras and zero in on what financial goals are truly important.
Convert to cash or debit for most of your spending:
Develop a “real-money-only” mentality. Your budget will tell you how much to spend, and the best way to stick to those numbers is to shop only with folding money or a debit card. Debit cards wearing a bankcard logo are typically welcome at most stores where credit cards are accepted.
This way, you pay cash without the risks of carrying cash. I you’re considering a debit card, ask your bank to limit the spending power on that card, ask your bank to limit the spending power on that card to the cash balance in your checking account, and be sure to ask how you’re protected in case of loss or theft. Also, ask about any fees you may incur.
Do a career check-up:
If you’re hearing about job cuts in your industry, figure out how close cutbacks are to you and plan accordingly. Make a list of the top three to five employers you would be happy to join and start networking with employees of those companies at local industry associations, through friends or at conferences.
Shop on a schedule with a comprehensive list:
Consider limiting your shopping trips to maybe one or two a week, and work only from a comprehensive shopping list that shows you everything you’re thinking of buying in a week - groceries, family items and incidentals for yourself.
Coupon strategies:
Of you’re searching only in newspapers or print circulars for coupons, you might be missing big savings. If you have access to the Internet, use your search engine to identify manufacturers of items you regularly buy and see if you can get on their e-mail list for special coupons online. Major retail chains also e-mail coupons and news of special sales to customers online as well.
Source” Newsletter Publishing Company
Have a great New Years and I hope everyone has a great financial year. Let me know your thoughts and ideas.
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