Saturday, July 31, 2010

What's the best advice someone gave you about money and finances?

Live for today but be prepared for tomorrow. If you can keep from obtaining any debt, do so. Pay for everything out right, don't charge anything. To bad I didn't listen :(What's the best advice someone gave you about money and finances?
House = good debt





Student loans = good debt (because you are investing in a better future)





Credit cards and cars = bad debt





Anything that doesn't hold it's value or if it depreciates then it's a bad investment. Pay cash for those types of things if at all possible. As far as cars, you can get your lowest rates at Credit Unions.What's the best advice someone gave you about money and finances?
The best advice I have ever received, and has actually made a huge difference in our lives is.....





';10% tithe always! 15% to retirement(after debt is paid off).


Tell your money where to go, instead of wondering where it went(budget on paper on purpose)!';





I hope this comes in handy to someone else.





Log onto: www.daveramsey.com and find a local station in your area. He is a wonderful financial advisor.





Take care %26amp; God bless!
since i was little my dad has told me to put half of every paycheck i get into the bank (this includes my allowance when i did chores when i was 8 years old to me having a job and getting paid over minimum wage $7.50 at a hardware store) im so glad he made me do that because soon i will be going to college and that will pay for a lot. i have almost $4,000 dollars in my savings account and i am 17 years old!
Stay away from credit cards and don't worship at the alter of the almighty fico score.





Don't borrow money. Pay as you go and live on less money than you make.





No such thing as ';good debt';. Debt is Debt.
Keep track of every penny you spend for a month, categorize it and see where your money is going. This lets you get a feel for where you are spending unnecessarily.
Save


Save often


Save early


At least 10% of your pay.





Don't get into needless debt, credit cards are need less debt.





A car is jut basic transportation, so for your first car buy used.
Only spend money on things that matter not things that are goin to be worthless tommorow
Save 10% of everything you earn. Start young.
Never use a credit card.


If you can't afford to pay cash for something, do not buy it!
Don't buy anything on credit. Pay in cash.





Good luck,


Zola
Don't count your chickens until they hatch!

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