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How to Create a Budget That Works for You

Budgeting
When it comes to personal finance nothing feels more daunting than making a budget. Whether it is the numbers, the fact that it is money or the honest look at what you are actually spending, most people cringe at the thought of making one. However, a budget isn't all that difficult. It's a matter of repeatedly doing addition and subtraction until the end result is zero. (more…)
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Should You Budget? No, Don’t Budget

Budgeting
What’s the second worst “B” word? Budget. Most people equate the word “budget” with something awful - like deprivation. No one is ever excited about budgeting, because it always means you don’t have enough of something. And not having enough, well who likes that? When you set out to budget, few people think of that as reallocating their resources. Rather, they think of it as cutting back. (more…)
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Should You Budget? Of Course You Need a Budget

Budgeting
Being a personal finance blogger, I can easily say I’m obsessed with budgeting. Not only do I re-assess my finances once a month to see if I have acquired any new expenses, I also sit down every two weeks and make a bi-weekly budget to make sure all of my fixed expenses are paid. I have money put aside for my variable expenses and I can try to make some headway on financial goals I have for myself. I know not everyone does this but what blows my mind even more is when people ask me why they should have a budget. I remember my pre-blogger days like they were yesterday and I can easily tell you why you need one. (more…)
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Comparison of Online Budgeting Software Tools

Budgeting
How are you handling your 2012 resolution to manage your money more effectively? Is your budget still a factor? Is your savings increasing while your debt is decreasing? While some people still prefer the good old fashion way to manage their money, which included hand written ledgers and paper statements, many of us are moving towards a paperless approach, keeping everything accessible online or via the cloud. Online banking is one way to help, but how about how to see your net income, achieve savings goals, and have budgets for specific categories? These money management programs have been tried and proven to help you keep your money where you need it: (more…)
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How to Start Saving More Money Today

Saving & Investing
If you're like many of us, then you're probably tired of spending all your money and want to save more. Maybe you have goals of saving for a vacation, a wedding, a house, or even a rainy day. While it may take a while to save enough to reach these goals, you can do numerous things today that will save you more money. Try these 10 things to start saving more money today: (more…)
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Three Critical Types of Savings

Saving & Investing
One of the keys to financial success is planning – especially planning for the unexpected. Another key is patience. The way you interact with money and plan for the future impacts your long-term financial health. Your savings plan can keep you on track, prevent you from going into debt, and protect you from financial setbacks. As you create a savings plan, there are three major types of savings to focus on: (more…)
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Put Your Retirement on Autopilot

Saving & Investing
Are you afraid of your 401k? You’re not alone. Back in the ‘90s, there was a terrible retirement problem looming. Pension plans were disappearing, and 401k plans were taking their place. But few people understood how these new vehicles worked (or wanted to sign up for them). So companies began enrolling employees into retirement plans automatically—which solved one problem and created a bigger one: (more…)
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Comparing Online Savings Banks

Saving & Investing
Online savings banks are a great option if you would like to save money and earn interest for a period of time. High-yield savings accounts earn more interest than savings accounts you'd find at your big banks or local credit unions. Unfortunately, you probably won't find rates any higher than 2% any time soon due to the decline in the economy. However, some interest is better than none and these accounts have some of the highest interest rates. (more…)
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Informative Resources for the Beginning Investor

Saving & Investing
Investing is a huge component of personal finance, and one that can often be intimidating for beginners. If you've never invested before, you probably don't know where to begin, how to invest, where to invest, or what are good strategies. You may have questions like: What's the best investment option for you? Should you choose stocks and bonds, or is gold your claim to fame? How much money should you put in? How long should you be an investor? (more…)
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How Divorce Affects Your Money

Popular, Relationships & Money
Like death, divorce is a topic most of us would prefer to avoid. While divorce doesn't have the 100% occurrence rate that death does, the statistics are still sobering. According to a paper published by the CDC on Marriage and Cohabitation in the United States, "The probability that the first marriages of women and men will survive to at least 10 years was 0.64 (or 64%) for women and 0.66 for men in 2002; the remainder of first marriages dissolved through divorce or separation within 10 years." (more…)
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