The Wright Place - Finances
Women have a love/hate relationship with money. Most of us do not enjoy dealing with it, yet we know not having finances under control will cause our entire family to suffer. A recent guest on the show Karen Franks, explained how important your credit is and how you should check on it often. 'At least twice a year", says Karen Franks. Checking our credit is one important proactive way we can make sure we are in good financial shape. She also mentioned that many married women have better credit score than their husbands, even if they do not make as much. When another show guest, Dan Contreras talked about financial planning, he stressed using a professional. 'Don't rely on hearsay, get some real understanding about your situation." And Linda Hollander the author or Bags to Riches says "Mentors are the fast track to success". Find someone who has reached the same financial goals you want to reach and then do what they did. This simple technique works even if your goals are modest. While everyone's situation is different, I really just want to motivate you to do something to have a positive effect on your finances. Here are a few simple things you can do that will start the ball rolling. 1. Get a copy of your credit report and check it for errors( free if you have been turned down for credit) 2. Look at your savings plan, are you on track, do you need to increase or decrease the amounts you are trying to save? 3. Look for your insurance policies, be able to get them immediately, know exactly where they are. 4. Start some financial education with your children. Start a student saving account. 5. Start planning next year's financial goals. What do you want to change, what goals do you want to accomplish, what new accounts do you need to open and which accounts should be closed. If you handle your finances you'll be in The Wright Place! About The Author Dr. Letitia S. Wright, D.C. is the host of The Wright Place? TV Show, a talk show for women, which can been seen on dish or direct TV channel KHIZ on Sundays at 6:30 PM, or seen on the Internet at www.wrightplacetv.com or cable television channels in your area. She can be reached at info@wrightplacetv.com or 909-635-2040 for questions, comments or interviews.
Related News
|
 |
|
|
RELATED ARTICLES
Budgeting -- The Critical Flaw That Causes Most Budgets to Fail
Budgeting. It's a word we're all familiar with. Everyone knows what a budget is, right? Yet how many of us actually make and stick to a solid monthly budget? The truth is that most of us start out with the best of intentions, but an unexpected expense comes up and busts our budget. Then we give up and go back to juggling our finances and worrying about having too much month left at the end of the money. However, if you are striving to create a budget for the purpose of systematically paying off your debts, or to start a savings and investment program, then it's critical to develop a workable and realistic budget.
Save Your Money, Dont Give to Charity Scammers
**If it's Spam, it's a Scam!- If it sounds too good, if it shows up in your bulk folder or your spam folder - don't touch it, just delete it
How Check 21 Affects You
The Check 21 Law is the new federal law for financial institutions and has taken effect last October 28, 2004.
The Origins of Check Writing
People haven't always written checks to buy goods and services. But you know that right? So how did people transfer money from one place to another in times of old?
The Changing Shape of Family Finances
Super-mums
Car Donations and Used Car Donations
Car donations and used car donations are the way many people choose to recycle their older model cars without having the headache of repairing, advertising, showing, and hopefully then selling them. Being able to get rid of an older car and at the same time gaining the benefits of charitable giving and a tax deduction are all part of the allure of used car donations. Car donations are becoming more and more popular as a means of unloading used cars because of the convenience of the whole process and the ease of transfer.
Organizing Your Finances - Thinking Outside the (Shoe) Box
If you're like most people, your personal financial records are most probably kept in less than "Good Accounting Practices" standards. For example, stashing old ATM receipts and hanging on to a stub showing what you paid for a pack of mints two years ago (cash, of course), might be filed with your paycheck stubs, credit card statements ? paid and unpaid alike ? as well as a few tax forms, a stray paper clip and a penny. Anything from an old shoebox to a toolbox would do you for this method of personal financial tracking but you can do better than that.
University: A Course in Personal Finance
Recent findings from the Educational Policy Institute indicated that the UK is the third most expensive place in the world to go to university. Combine this with figures from the Prudential, showing that a third of university students have considered abandoning their studies due to the financial strain they have encountered, and it is not surprising that many prospective students are finding the need to seriously think through the merits of going to University.
Budgeting Tips to Save Real Money
Sticking to a budget can be difficult, but with so many demands on your finances you have to be extra cautious. TV ads are constantly bombarding the airwaves with messages that you need to buy this or you must have that. Usually, if you just wait a week or two, the urge to buy that new gadget will pass. But, what should you do if you have already spent more than you have? The following are several real world ideas that can help you save real dollars.
Retirement Income Needs---Less Than You Think?
It is widely written that you need 75% of your present
income to maintain your present life-style in retirement. If
you make 100 thousand now, figure 75 thousand in
retirement.
Budgeting: A Tough Love Way to Handle Your Household Budget
Developing and living by a household budget is by far the best way to get your expenses under control which, in turn, can mean a much less stressful life.
Are You Ready To Be Fired?
Your boss has just informed you that your department is being reduced by two and you are fired. After he leaves, what are you going to do?
This is not about finding a job it's about being prepared for financial change. How you prepare for employment change is different for everyone. Being prepared for financial change is the same person to person.
10 Quick And Cheap Ways To Cut Your Heating Bill
When you received an energy (heating) bill last winter, were you afraid to open it? Granted that we have a home with a lot of really big windows, but we saw energy bills last winter in the hundreds of dollars. Your bill probably wasn't that bad but I'm guessing that it was a lot higher than you would have liked.
How To Free-Up 10% to 15% of Your Income
Would you be interested in freeing up 10% to 15% of your current income? Just imagine what you could do with this money. You could pay down your debts, increase your savings, or work toward that next important purchase that you have in mind. Wouldn't it be exciting to actually have money left over at the end of the month?
Budgeting Your Way to Financial Freedom
Financial freedom cannot be achieved without budgeting. Budgeting involves tracking your sources of income and more importantly tracking your expenses. It is novel tool for controlling your expenses and making you aware of how you spend your money. At the outset, budgeting may seem to be onerous and boring, particularly for those of us who hate numbers. But once you realize the benefits emanating from it, you will find it an interesting exercise. Even businesses, whether small or large, use budgeting as a tool to achieve their financial goals. It is, in fact, an integral part of managing an organization.
5 Steps to Healthy Spending Habits
Next to our physical health most of us are primarily concerned with our financial health, and with good reason. Although our intentions are usually great our follow-through and discipline generally isn't. Mere mention of the word budget or cutback sends us into fits.
Grocery Savings - Your Kitchen is a Goldmine!
Your food budget is the most flexible area of your household budget. Grocery savings will free up a significant amount of money if you need to balance the budget, or fund your savings accounts.
Knowing Me, Knowing You: Why ID Protection Plans Are Flawed For Fraud
ID theft is a major consumer concern, though there is apparently much confusion about proactive protection initiatives and apparently safe and unsafe spending behaviour. For example, many consumers remain reluctant about shopping online, but they may still give out personal details over the phone in a cold call, or they may have redundant or dormant accounts and financial products which are susceptible to fraud.
Students Investing in Their Future Need to Manage Their Finances Today
With the A-level results coming out, the long wait for UK school leavers hoping to go to university will soon be over. All the hard work that has been put into achieving the grades required will now pay off and the fun and freedom that is student life can begin. This may have been the case in the past, but the notion that university life is socially and financially responsibility free is now lamentably outdated. These days, if you want to study beyond the age of 18, learning becomes very expensive.
Healthy Eating On A Budget
It is possible to eat a healthy, balanced diet without breaking the bank! Here are some suggestions:
|
