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Money101 chats to Australian women and asks them how they manage their money and budget. Are you saving enough or spending too much?
Women and money – manage your budget
Earn More Money -Work More Or Cut Spending
The best way I can tell you to go earn more money is to go get a second job. If that is not possible then you may need to trim down a little so it seems like you are earning more. Life is tough these days and the cheaper you can live the better off you will be in the long run. So instead of increasing the amount you bring in try decreasing the amount you pay out.
This will take some sacrifice and discipline but will be worth it. Once you trim the fat and then get used to living this way you will see that you really did not need all those things anyway. People are learning that bigger is not always better because the old saying still holds true, “the bigger they are the harder they fall.”
So, where do you start? Well, start by writing down all of your current expenses on a sheet of paper or start an Excel worksheet in your computer. Now comes the hard part, start slashing. Be honest, do you really need all those cable channels when you barely watch anything but the local news? Just get rid of the extended channels and get down to basic cable. You can always get the other channels back when more money is available in your budget.
Mortgage payment too high? Refinance your loan if you can or take in a border if you have an extra room so you can earn more money and have some rent coming in.
Rent movies at the video store instead of going out to the movies. A family of four can go to the movies for right around . If you go to the video store you can rent a new release for and even if you buy microwave popcorn and pop at the grocery store you could probably save yourself a good .
It is the same with going out to eat, learn to cook for yourself and your family. It is not hard to do and your waistline will thank you for it. If you have to eat out then make a pact that you will only eat out if you have a coupon to use.
Check your local paper for free entertainment in your area too. For instance in our area they offer free ice skating in the winter and free movies on Friday nights in the summer at one of the local downtown parks.
More and more people are giving up their landline phones and just using their cell phones. why pay for both? Unless you have a home office and need a landline for a fax machine then you do not need both.
Save money by shopping cheaper and by cheaper I mean by what you pay not the quality of the clothing and food. Shop online too, you usually can save quite a bit of money, especially if you can get free shipping.
Pay yourself first with every paycheck but do not go overboard. Make sure you have enough to get you through the week but keep things basic. Do you really need that gourmet coffee every morning? Make your own at home.
There are some great suggestions here to help you save money so that it will seem like you earn more money and have more money to apply to bills and debt.
LOVE YOUR MONEY VIDEO
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http://financialwoman.com ~ Here’s the First Video of the Love Your Money Series. Are you loving your money? We give attention to and nurture what we love so…
Video Rating: 0 / 5
ANC On The Money: Personal Finance for Entrepreneurs
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Guest: Mark Yu Former President, Entrepreneur Organization and CFA Society of the Philippines September 19, 2012.
Video Rating: 4 / 5
Managing Your Money What Every Investor Should Know About The Stock Market
Although virtually anyone can invest in stocks, it makes the most sense to approach investments with a level head and an artillery of helpful research. Don’t be impulsive or impatient when playing the stock market or else, you won’t profit as much as you can. Read this article for more tips!
Pay less attention to the various market voices that are trying to bombard you with data on price points. This will allow you to gain more information on the performance of the companies you currently invest in or plan to invest in, giving you the chance to make smarter decisions.
It does not take a fortune to invest in the stock market. In fact, you can start a solid portfolio with only 0 to 00 dollars. This is a great way to introduce yourself to the market without worrying about losing too much money. It is a fine way to learn.
Learn investment jargon. You must learn about various types of stocks, bonds and funds, in order to avoid making costly mistakes. You can visit many investment websites, read books or watch videos, in order to learn the proper terminology. This world is very “lingo-based,” so take the time to learn it. If you need further clarification, ask a broker.
If you are investing at a serious level, you may want to consider looking into technological advancements. Many people that made a huge return after investing considerable little in the stock market, were the ones that believed in a new idea or invention. The growth on a new product is often exponential. This technique is somewhat risky, but pays off very well if you pick the right stock.
To make your stock market investing more efficient, try a good stock management software package. Tracking stock prices and trends can be mush easier when you use your software to generate the information you need. Add your own personal notes for company information and analyze your data regularly. The cost of these software products is worth the investment.
Remember that stock prices are reflections of earnings. In the short term immediate future, market behavior will flucutuate depending on news and rumor and the emotional responses to those, ranging from enthusiasm to panic. In the longer term picture however, company earnings over time wind up determining whether a stock price rises or falls.
Keep in mind that bear markets represent buying opportunities, both generally and specific. The entire stock market is usually depressed during this time, meaning blue chip stocks are more accessible than usual so you can snag them for long term holding. Also keep an eye out for short term holds that traditionally do well in down economies, like movie theaters, dollar stores and so called sin stocks like alcohol and tobacco.
Don’t get discouraged if you make a bad trade. Everyone makes bad trades every once in a while. Instead of being upset or discouraged, take the opportunity to learn from your mistake. Why was it a bad trade? How can you learn to spot a similar bad trade in the future? Use it as a learning experience.
You should aim to look over the status of the stocks that you own regularly and consistently. If you do not do this, then you will not know how your stock is doing. Timing is everything when it comes to the stock market. You do not want to become obsessed, but you can certainly watch over your stock regularly.
In order to achieve success with your penny stock investment, aim to subscribe to as many online stock newsletters as you can. These can give you a wide list of potentially profitable penny stocks, as well as market analysis, stock tips, and other such statistics. These newsletters can help you to ensure success with your investment.
Buying and holding good stocks is better than engaging in heavy trading of what might seem like better stocks. By keeping your turnover low, you can minimize what are termed as frictional expenses. These include, commissions, spreads, management fees, capital gains taxes and a number of other expenses that devour your returns. Low trading means low fees.
Investing in the stock market isn’t only for people who have a degree in business or finance, but for people who have good research skills and some determination. Use the tips in this article, as well as some outside research to choose the most profitable companies for stock market investments!