Your Finances

Your Finances

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Page One

Your Financial Lifeline!

Yes, it’s your LIFE! So what do you want to do? Planning helps! People who write down specific ideas are more likely to see them fulfilled than not. So we want you to do some serious thinking–about yourself, your family, your finances and your future. Start with any of these that “connect” with you. Add your own. Then start formulating your own financial game plan.

The Four Basics!

When it comes to getting your personal financial act together, you have, essentially, four basics to consider. While each will be critical to your financial well-being at some point throughout your lifetime, we strongly recommend that you move forward with all of them— sooner rather than later. They are:

Manage your Everyday Money

We’re talking, here, about income (paycheck, allowance, Social Security, pensions, investment returns, etc.) and expenses (bills!). Hopefully, the first always exceeds the second.

  • Checking accounts
  • Debit & Credit Cards
  • Your Spending/Saving habits
  • Your budget plan!

Leverage Your Buying Power

It’s not the money in your wallet...it’s your earning potential, plus your credit-worthyness, that are the true measures of your overall financial worth. Borrowing money is good when you do so wisely…to improve your personal/family situation (a house, a car, appliances, furniture, tools, education, travel, etc.). Borrowing allows you to have what you need when you need it, and pay for it over time.

  • Your Credit Status
  • Loans
  • Lines of Credit
  • Mortgages

Build Your Personal Wealth

No matter what your income, a key objective should be to increase your financial holdings over time, by keeping some portion of what you earn…for the future. Everybody can do this, no matter what your financial circumstance. The accumulating factor of savings, earned dividends, and then compounding dividends…really works!

  • Savings Accounts
  • Money Market Funds, Certificates, IRAs
  • Investments
  • Home Ownership

Plan For Success

Managing cash effectively, borrowing wisely, and building one’s personal wealth…are the everyday aspects of personal finance. Formulating the “Big Picture” is what brings it all into perspective and puts you solidly in control of your financial future. The more of these (below) you do—  and the sooner you do them— the further ahead you will be financially!

  • Set Personal Goals
  • Make Retirement Plans
  • Write Your Will
  • Calculate Your Net Worth

Smart Money

Here are some basic money-related matters we want to suggest as shoulds!
—like in "you should definitely do these!"